William Vickrey

About William Vickrey

Who is it?: Nobel Prize Winner in Economics
Birth Day: June 21, 1914
Birth Place: Victoria, British Columbia, Canada, United States
Died On: 11 October 1996(1996-10-11) (aged 82)\nHarrison, New York, USA
Birth Sign: Cancer
Institution: Columbia University
Field: Public economics
School or tradition: Post Keynesian economics
Alma mater: Columbia University Yale University
Doctoral advisor: Carl Shoup Robert M. Haig
Doctoral students: David Colander Jacques Drèze
Influences: Henry George Harold Hotelling John Maynard Keynes
Contributions: Vickrey auction Revenue equivalence theorem Congestion pricing
Awards: Nobel Memorial Prize in Economics (1996)

William Vickrey Net Worth

William Vickrey was bornon June 21, 1914 in Victoria, British Columbia, Canada, United States, is Nobel Prize Winner in Economics. William Vickrey was a Canadian born American economist, known for propagating unusual solutions to everyday problems. Born in early twentieth century, he came into close contact with orphans from the Armenian holocaust early in his life. The experience had a profound effect on his young mind and he felt that every dollar he otherwise spent was a dollar he did not spend in helping the orphans. A well-known post-Keynesian economist, educated first at Yale and then at Columbia University, he spent all his life teaching at Columbia. He cared little for money matters or materialistic comfort or even getting credit for himself; he was more interested in propagating ideas and solving problems. When he received the Noble Prize, he was happy that government authorities would now find it harder to reject his proposals, caring very little for the prize money that accompanied it. Indeed, many of his suggestions like ‘congestion pricing’ were not accepted because of political considerations. However, his works had profound influence on other economists. For example, the modern theory of auction is based on his 1961 seminal work. A prolific writer, he had left behind 8 books, 140 published articles, 27 reviews and 61 unpublished articles and notes.
William Vickrey is a member of Intellectuals & Academics

💰 Net worth: Under Review

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Biography/Timeline

1935

Vickrey was born in Victoria, British Columbia and attended high school at Phillips Academy in Andover, Massachusetts. After obtaining his B.S. in Mathematics at Yale University in 1935, he went on to complete his M.A. in 1937 and Ph.D. in 1948 at Columbia University, where he remained for most of his career.

1951

Vickrey married to Cecile Thompson in 1951. He was a Quaker and a member of Scarsdale Friends Meeting. He died in Harrison, New York in 1996 from heart failure.