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Oskar Morgenstern was born on 24 January, 1902 in Görlitz, Kingdom of Prussia, German Empire, is a German economist (1902–1977). Discover Oskar Morgenstern'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 75 years old?

Popular As N/A
Occupation N/A
Age 75 years old
Zodiac Sign Aquarius
Born 24 January 1902
Birthday 24 January
Birthplace Görlitz, Kingdom of Prussia, German Empire
Date of death 26 July, 1977
Died Place Princeton, New Jersey, U.S.
Nationality Russia

We recommend you to check the complete list of Famous People born on 24 January. He is a member of famous economist with the age 75 years old group.

Oskar Morgenstern Height, Weight & Measurements

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Oskar Morgenstern Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Oskar Morgenstern worth at the age of 75 years old? Oskar Morgenstern’s income source is mostly from being a successful economist. He is from Russia. We have estimated Oskar Morgenstern'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
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Source of Income economist

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1902

Oskar Morgenstern (January 24, 1902 – July 26, 1977) was a German-born economist.

In collaboration with mathematician John von Neumann, he founded the mathematical field of game theory as applied to the social sciences and strategic decision-making (see von Neumann–Morgenstern utility theorem).

Companies he served as founder/co-founder of included Market Research Corporation of America, Mathematica and Mathematica Policy Research.

Morgenstern was born in Görlitz in the Prussian Province of Silesia.

His mother was said to be a daughter of Emperor Frederick III of Germany.

Morgenstern grew up in Vienna, Austria, where he also went to university.

1925

In 1925, he graduated from the University of Vienna and got his PhD in political science.

From 1925 until 1928, he went on a three-year fellowship financed by the Rockefeller Foundation.

1928

After his return in 1928, he became a professor in economics at the University of Vienna until his visit to Princeton University in 1938.

1930

He also worked as an outside expert for the Economic and Financial Organization of the League of Nations, together with Bertil Ohlin and Jacques Rueff, supporting the EFO's work on economic depressions in the late 1930s.

During Morgenstern's visit to Princeton University, Adolf Hitler took over Vienna during the Anschluss, and Morgenstern decided to remain in the United States.

He became a member of the faculty at Princeton but gravitated toward the Institute for Advanced Study.

1935

In 1935, Morgenstern published the article Perfect Foresight and Economic Equilibrium, after which his colleague Eduard Čech pointed him to an article of John von Neumann, Zur Theorie der Gesellschaftsspiele (1928).

1944

There, he met von Neumann and they collaborated to write Theory of Games and Economic Behavior, published in 1944, which is recognized as the first book on game theory, a mathematical framework for the study of strategic structures which govern rational decision-making in certain economic, political, and military situations.

In 1944, Morgenstern also became a United States citizen, and four years later he married Dorothy Young, with whom he had two children, Carl and Karin.

1950

In 1950, he was elected as a Fellow of the American Statistical Association.

In the late 1950s "Oskar Morgenstern and several of his Princeton University colleagues" began a "small research organization."

Company names with which he, along with others, were involved as founders/co-founders included:

1970

Morgenstern remained at Princeton as a professor of economics until his retirement in 1970, at which time he joined the faculty of New York University.

Morgenstern wrote many other articles and books, including On the Accuracy of Economic Observations, and Predictability of Stock Market Prices with subsequent Nobel laureate Clive Granger.

1977

Morgenstern died in Princeton, New Jersey in 1977.

The archive of his published works and unpublished documents is held at Duke University.

2012

In November 2012 a place in Alsergrund, Vienna was called "Oskar-Morgenstern-Platz"; it is the address of the Faculties of Economics and of Mathematics of the University of Vienna.

2013

In 2013, the University of Vienna relocated the Faculty of Business, Economics and Statistics and named the square Oskar-Morgenstern-Platz in his honor.

The collaboration between economist Morgenstern and mathematician von Neumann led to the birth of entirely new areas of investigation in both mathematics and economics.

These have attracted widespread academic and practical interest since that time.