Age, Biography and Wiki
Harold Demsetz was born on 31 May, 1930 in Chicago, Illinois, is an American economist (1930–2019). Discover Harold Demsetz's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 89 years old?
| Popular As |
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| Occupation |
N/A |
| Age |
89 years old |
| Zodiac Sign |
Gemini |
| Born |
31 May 1930 |
| Birthday |
31 May |
| Birthplace |
Chicago, Illinois |
| Date of death |
2019 |
| Died Place |
N/A |
| Nationality |
United States
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We recommend you to check the complete list of Famous People born on 31 May.
He is a member of famous economist with the age 89 years old group.
Harold Demsetz Height, Weight & Measurements
At 89 years old, Harold Demsetz height not available right now. We will update Harold Demsetz's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
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Not Available |
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Not Available |
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Not Available |
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Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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| Parents |
Not Available |
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Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Harold Demsetz Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Harold Demsetz worth at the age of 89 years old? Harold Demsetz’s income source is mostly from being a successful economist. He is from United States. We have estimated Harold Demsetz's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
economist |
Harold Demsetz Social Network
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Timeline
Harold Demsetz (May 31, 1930 – January 4, 2019) was an American professor of economics at the University of California at Los Angeles (UCLA).
Demsetz grew up on the West Side of Chicago, the grandchild of Jewish immigrants from central and eastern Europe.
His expository style is devoid of mathematical formalism to an extent unusual for someone who began his career after 1950.
He studied engineering, forestry, and philosophy at four universities before being awarded a B.A. (1953) in economics from the University of Illinois, and an MBA (1954) and a Ph.D. (1959) from Northwestern University.
While a graduate student, he published an article each in Econometrica and the Journal of Political Economy.
Demsetz taught at the University of Michigan (1958–60), UCLA, 1960–63, and the Graduate School of Business at the University of Chicago, 1963–71.
Demsetz coined the term "nirvana fallacy" in 1969.
In 1971, he returned permanently to UCLA's Economics Department, which he chaired 1978–80.
The 1972 Demsetz and Armen Alchian article Production, Information Costs and Economic Organization was selected as one of the twenty most important articles published in the first century of the American Economic Review.
One of his most significant works over the course of many decades was on externalities, in which he disputed the conclusions of Pigou and of Coase and showed that there is no problem of externalities which invokes a role for the government.
Instead, with strategic behaviour we might get a problem of public goods with a potential role for the government.
He held the Arthur Andersen UCLA Alumni Chair in Business Economics, 1986–95.
He has been affiliated with the Center for Naval Analyses and the Hoover Institution.
Demsetz was a fellow of the American Academy of Arts and Sciences, a director of the Mont Pelerin Society, and a past (1996) president of the Western Economics Association.
Demsetz belonged to the Chicago school of economic theory, and was one of the pioneers of the approach now called New Institutional Economics.
He is a founder of the field of managerial economics.
He has expanded the theory of property rights now prevalent in law and economics.
Even though Demsetz never employed game theory, he is a major figure in industrial organization through his writings on the theory of the firm, antitrust policy, and business regulation.
His 2011 paper, "The Problem of Social Cost: What Problem? A Critique of the Reasoning of A.C. Pigou and R.H. Coase" provides a detailed analysis of this position.
