Houthakker was born in Amsterdam to a Dutch-Jewish family.[1] His father was a prominent art dealer. As a teenager he lived through the Nazi occupation of the Netherlands and, according to an interview he gave to the Valley News, was once arrested by the Gestapo but escaped and was sheltered for some months by a Roman Catholic family. He completed his graduate work at the University of Amsterdam in 1949.[2] He taught at Stanford University from 1954 to 1960 and then completed the rest of his career at Harvard University. In 1961 he was elected as a Fellow of the American Statistical Association.[3] Houthakker served on President Nixon's Council of Economic Advisers from 1969 to 1971, where he advocated replacing the International Monetary Fund's pegged exchange rate system with a flexible peg.
Houthakker's contributions to economic theory have been summarized by Pollak (1990).[4] He is particularly well known for the Strong Axiom of Revealed Preference, to which his name is often attached.[5] This paper reconciles Paul Samuelson's revealed preference approach to demand theory with the earlier ordinal utility approach of Eugene Slutsky and Sir John Hicks, by showing that demand functions satisfy his Strong Axiom if and only if they can be generated by maximising a set of preferences that are "well-behaved" in the sense that they satisfy the axioms of choice theory, that is, they are reflexive, transitive, complete, monotonic, convex and continuous—essentially the conditions required for a Hicksian approach to demand theory.
Houthakker's wife, Anna-Teresa Tymieniecka, was a Polish-born philosopher and founder of the World Phenomenology Institute; they were married for 52 years, up to his death. Through her he became friendly with Karol Wojtyła, subsequently Pope John Paul II.
Barack Obama Sr. (Barack Obama's father) worked as a research assistant for Houthakker over the summer in 1963 at Harvard.[6]
Selected bibliographyedit
Houthakker, Hendrik S. (1959), "The scope and limits of futures trading", in Abramovitz, Moses; et al. (eds.), The allocation of economic resources: essays in honor of Bernard Francis Haley, Stanford, California: Stanford University Press, OCLC 490147128.
Referencesedit
^"Hendrik Samuel Houthakker (1924-2008) Academic/Scholar". New Netherland Institute.
^Hendrik Samuel Houthakker: 31 december 1924-15 april 2008
^View/Search Fellows of the ASA 2016-06-16 at the Wayback Machine, accessed 2016-07-23.
^Pollak, R. A. (1990). "Distinguished Fellow: Houthakker's Contributions to Economics". Journal of Economic Perspectives. 4 (2): 141–156. doi:10.1257/jep.4.2.141.
^Houthakker, H. S. (1950). "Revealed preference and the utility function". Economica. New Series. 17 (66): 159–174. doi:10.2307/2549382. JSTOR 2549382.
^"A Letter About Barack H. Obama Sr.'s Record in College". The New York Times. 2016-06-18. ISSN 0362-4331. Retrieved 2016-06-19.
Bernstein, Adam (2008-04-23). "Hendrik Houthakker, 83; Economist, Nixon Adviser". Obituaries. Washington Post. p. B07. Retrieved 2008-04-28.
Valley News, 19 April 2003, article and interview with Houthakker.
hendrik, houthakker, hendrik, samuel, houthakker, december, 1924, april, 2008, dutch, american, economist, hendrik, houthakker, 1969, born, 1924, december, 1924amsterdam, netherlandsdiedapril, 2008, 2008, aged, lebanon, hampshire, educationuniversity, amsterda. Hendrik Samuel Houthakker December 31 1924 April 15 2008 was a Dutch American economist Hendrik S HouthakkerHendrik S Houthakker 1969 Born 1924 12 31 December 31 1924Amsterdam NetherlandsDiedApril 15 2008 2008 04 15 aged 83 Lebanon New Hampshire U S EducationUniversity of AmsterdamAcademic careerInstitutionHarvard UniversityStanford UniversityFieldBehavioral economicsEconometricsDoctoralstudentsChristopher A SimsElhanan HelpmanInfluencesRichard Stone Contents 1 Life and career 2 Selected bibliography 3 References 4 External linksLife and career editHouthakker was born in Amsterdam to a Dutch Jewish family 1 His father was a prominent art dealer As a teenager he lived through the Nazi occupation of the Netherlands and according to an interview he gave to the Valley News was once arrested by the Gestapo but escaped and was sheltered for some months by a Roman Catholic family He completed his graduate work at the University of Amsterdam in 1949 2 He taught at Stanford University from 1954 to 1960 and then completed the rest of his career at Harvard University In 1961 he was elected as a Fellow of the American Statistical Association 3 Houthakker served on President Nixon s Council of Economic Advisers from 1969 to 1971 where he advocated replacing the International Monetary Fund s pegged exchange rate system with a flexible peg Houthakker s contributions to economic theory have been summarized by Pollak 1990 4 He is particularly well known for the Strong Axiom of Revealed Preference to which his name is often attached 5 This paper reconciles Paul Samuelson s revealed preference approach to demand theory with the earlier ordinal utility approach of Eugene Slutsky and Sir John Hicks by showing that demand functions satisfy his Strong Axiom if and only if they can be generated by maximising a set of preferences that are well behaved in the sense that they satisfy the axioms of choice theory that is they are reflexive transitive complete monotonic convex and continuous essentially the conditions required for a Hicksian approach to demand theory Houthakker s wife Anna Teresa Tymieniecka was a Polish born philosopher and founder of the World Phenomenology Institute they were married for 52 years up to his death Through her he became friendly with Karol Wojtyla subsequently Pope John Paul II Barack Obama Sr Barack Obama s father worked as a research assistant for Houthakker over the summer in 1963 at Harvard 6 Selected bibliography editHouthakker Hendrik S 1959 The scope and limits of futures trading in Abramovitz Moses et al eds The allocation of economic resources essays in honor of Bernard Francis Haley Stanford California Stanford University Press OCLC 490147128 References edit Hendrik Samuel Houthakker 1924 2008 Academic Scholar New Netherland Institute Hendrik Samuel Houthakker 31 december 1924 15 april 2008 View Search Fellows of the ASA Archived 2016 06 16 at the Wayback Machine accessed 2016 07 23 Pollak R A 1990 Distinguished Fellow Houthakker s Contributions to Economics Journal of Economic Perspectives 4 2 141 156 doi 10 1257 jep 4 2 141 Houthakker H S 1950 Revealed preference and the utility function Economica New Series 17 66 159 174 doi 10 2307 2549382 JSTOR 2549382 A Letter About Barack H Obama Sr s Record in College The New York Times 2016 06 18 ISSN 0362 4331 Retrieved 2016 06 19 Bernstein Adam 2008 04 23 Hendrik Houthakker 83 Economist Nixon Adviser Obituaries Washington Post p B07 Retrieved 2008 04 28 Valley News 19 April 2003 article and interview with Houthakker External links editHome page at Harvard Biography at the New School Hendrik S Houthakker at Find a Grave nbsp Retrieved from https en wikipedia org w index php title Hendrik S Houthakker amp oldid 1214882593, wikipedia, wiki, book, books, library,
