Richard Lipsey
Canadian academic and economist / From Wikipedia, the free encyclopedia
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Richard George Lipsey, OC FRSC (born August 28, 1928) is a Canadian academic and economist. He is best known for his work on the economics of the second-best, a theory that demonstrated that piecemeal establishing of individual first best conditions would not necessarily raise welfare in a situation in which all first best conditions could not be satisfied, an article that he co-authored with Kelvin Lancaster.[1] He is currently Professor Emeritus of Economics at Simon Fraser University.
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Richard Lipsey | |
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Born | Richard George Lipsey (1928-08-28) August 28, 1928 (age 95) Victoria, British Columbia, Canada |
Occupation | Economist |
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Awards | Order of Canada, Fellow of the Royal Society of Canada, Social Sciences and Humanities Research Council of Canada Gold Medal for Lifetime Achievement |
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