Blog Post #1- Harold Demsetz

Harold Demsetz

Harold Demsetz is a well-respected economist, currently teaching at the University of California, Los-Angeles in the economics department.

He was born in 1930 in Chicago, Illinois. He attended the University of Illinois for undergraduate studies, and in 1953, received his B.A, then going on to study at Northwestern where he received his MBA in 1954, and P.H.D in 1959. He has spent his entire career in education at various universities including the University of Michigan, University of Chicago, and University of California.

Most that has been published by Demsetz has focused on monopoly, antitrust, competition, along with several other aspects of the economic approach he took part in pioneering called New Institutional Economics. Demsetz has published numerous publications, and research, regarding economic theory, possibly most notable, being his work published in the founding of managerial economics. Demsetz continues to teach work at UCLA, as well as speak at varying lectures and events.

Demsetz work has been extremely impactful on organizational economics and the further improvement of that discipline. I did not know any information about him prior to this course. I believe his work  will almost certainly come up at some point during this course and we will be discussing some of his theories.

source: http://www.econ.ucla.edu/demsetz/