October 14, 1992 |
An American whose life work has been devoted to showing how economic logic governs everyday personal decisions, from marriage to divorce, yesterday won the Nobel Prize in economics. Gary S. Becker, 61, a professor of sociology and economics at the University of Chicago, won the $1.2 million prize for extending "the sphere of economic analysis to new areas of human behavior and relations," the Swedish Academy of Sciences said. Becker figured out that people usually consider the economic consequences when making a wide variety of such everyday decisions as whether to get married or divorced, whether to have a baby, or how much money to leave their children.
May 18, 1990 |
What if President Bush had his way and persuaded Congress to pass a cut in the capital-gains tax? What if, instead, Sen. Patrick Moynihan (D., N.Y.) had his way and managed to get a cut in the Social Security tax? What if both taxes were cut and, at the same time, the tax rate on incomes above $200,000 a year were raised from 28 to 38 percent? What if, to raise revenues, Congress enacted a $5-a-barrel fee on imported oil? A 50-cents-a-gallon tax on gasoline? A 1 percent national sales tax?
October 11, 2005 |
Robert J. Aumann and Thomas C. Schelling won the Nobel Prize in economics yesterday for establishing game theory as the dominant approach to understanding conflict and cooperation between countries, individuals and businesses. Game theory is a branch of mathematics that uses models to study strategies that can be applied to price wars, labor negotiations, arms races and warfare. Aumann, 75, an Israeli American, and Schelling, 84, an American, were honored for their contribution to understanding why "some groups of individuals, organizations and countries succeed in promoting cooperation while others suffer from conflict," said the Royal Swedish Academy of Sciences, which selects the winner.
December 12, 1998 |
From watching the national media discuss the roller-coaster stock market, you'd think that everyone owned stocks. But most Americans have gained nothing from the bull market of the 1990s. Federal Reserve chairman Alan Greenspan himself reminds us that stock market increases have not led "to a rise in the share of stock and mutual-fund assets owned by the bottom 90 percent of the wealth distribution. " When the stock market plummeted a few months ago, the good news was that the sinking tide didn't lower all boats.
January 14, 1994 |
The man who was struck and killed by an Amtrak train near the Bryn Mawr station Wednesday night was identified yesterday as John F. Stehle, an assistant professor of economics at Villanova University. Stehle, 43, of Bryn Mawr, was standing on the eastbound tracks about 200 feet from the station when he was struck by the Harrisburg-to- Philadelphia train. He was pronounced dead at Bryn Mawr Hospital. Lower Merion Police Lt. Mike Tansey said police do not know why Stehle was standing on the tracks.
October 25, 2013 |
Helen Manning Hunter, 92, a college professor and the granddaughter of a president of the United States, died Thursday, Oct. 17, of respiratory failure at the Quadrangle in Haverford. Dr. Hunter was both professor emeritus of economics and the Mary Hale Chase professor emeritus of the social sciences at Bryn Mawr College. She retired in May 1990. Born in New Haven, Conn., and raised in Bryn Mawr, Dr. Hunter lived at various times in Haverford and Villanova before moving to the Quadrangle in the mid-1990s.
January 31, 2014 |
Holland Hunter, 92, of Haverford, an expert on Russian transportation policy and professor emeritus of economics at Haverford College, died Saturday, Jan. 18, of pneumonia at the Quadrangle in Haverford. Dr. Hunter grew up in Geneva, Ill., the son of real estate developer Harry Holland Hunter and Hester Hunter, an advertising copywriter. He graduated from the Fountain Valley School in Colorado and received his bachelor's degree in economics from Haverford College in 1943. After completing a master's degree in 1947 and a doctorate in 1949, both in economics from Harvard University, he returned to Haverford College.
November 23, 1991
The byline of a Nov. 15 Commentary Page article about cable television regulation was misspelled. The article was written by John F. Stehle, an assistant professor of economics at Villanova University.
September 23, 2011
Player School Class Major Dan Drazen Rutgers-Camden Jr. Economics Brendan Kelly Villanova Sr. Finance Andrew Mason Temple Sr. Real estate Michael Serensits Drexel Jr. Bus. admin. Greg Verde Cabrini So.
January 29, 1999 |
The Rev. Edward J. Burns, 83, an Augustinian priest and retired professor, administrator and missionary, died of a stroke Tuesday at Paoli Memorial Hospital. He lived at St. Thomas Monastery at Villanova University. Father Burns was born in Torrington, Conn., and graduated from Torrington High School. In 1934, he entered the Augustinian Order of the Province of St. Thomas of Villanova. In 1937, he graduated from Villanova College with a bachelor's degree in philosophy and then went on to study theology at the Augustinian College in Washington.