Tjalling C. Koopmans
Intellectuals & Academics

Tjalling C. Koopmans Net Worth

3 months ago

Tjalling C. Koopmans was a Dutch American economist and mathematician who won the 1975 Nobel Memorial Prize in Economic Sciences for his contributions to the theory of optimum allocation of resources. He was originally trained in mathematics and physics, but developed an interest in economics under the influence of Jan Tinbergen and went on to earn a PhD in Economics from the University of Leiden. He moved to the USA in 1940 and worked as a statistician, devising models to reorganize shipping routes and reduce costs. He also developed the rational method of 'Activity Analysis' and was one of the first to invent linear programming. He was part of the Cowles Commission at the University of Chicago and later became a professor of economics at Yale University, where he retired in 1981. He also served as the president of the American Economic Association in 1981.
Tjalling C. Koopmans is a member of Intellectuals & Academics

Age, Biography and Wiki

Who is it? Economist
Birth Day August 28, 1910
Birth Place Graveland, Netherlands, Dutch
Age 110 YEARS OLD
Died On February 26, 1985(1985-02-26) (aged 74)\nNew Haven, Connecticut, USA
Birth Sign Virgo
Alma mater University of Utrecht University of Leiden
Known for Ramsey–Cass–Koopmans model Koopmans' theorem
Awards Nobel Memorial Prize in Economic Sciences (1975)
Fields Economics, Physics
Doctoral advisor Hans Kramers Jan Tinbergen
Doctoral students Carl Christ Stanley Reiter Rolf Mantel (es) Guillermo Calvo
Influenced John Denis Sargan, Alok Bhargava, Trygve Haavelmo

💰 Net worth

Tjalling C. Koopmans, a renowned economist from the Netherlands, is estimated to have a net worth ranging between $100,000 and $1 million in 2024. Known for his significant contributions to economic theory and his rigorous research in the field, Koopmans has established himself as a prominent figure in the world of economics. His expertise and insights have shaped the understanding of economic systems, earning him recognition as a notable Dutch economist. With such accomplishments, it is no surprise that Koopmans has achieved a commendable net worth throughout his illustrious career.

Biography/Timeline

1930

Koopmans was born in 's-Graveland, Netherlands. He began his university education at the Utrecht University at seventeen, specializing in mathematics. Three years later, in 1930, he switched to theoretical physics. In 1933, he met Jan Tinbergen, the winner of the 1969 Nobel Memorial Prize in Economics, and moved to Amsterdam to study mathematical economics under him. In addition to mathematical economics, Koopmans extended his explorations to econometrics and statistics. In 1936 he graduated from Leiden University with a PhD, under the direction of Hendrik Kramers. The title of the thesis was "Linear regression analysis of economic time series".

1940

Tjalling had two brothers, one of whom was theologist and reverend Dr Jan Koopmans, who, in 1940, early during the German occupation of the Netherlands, wrote the widely distributed pamphlet "Bijna te laat" ("Almost too late", 30,000 copies), warning about the Future of the Jews under the Nazi regime. In 1945, towards the end of the war, he witnessed an execution of hostages in Amsterdam from behind a window and was mortally wounded by a stray bullet.

2013

Koopmans' early works on the Hartree–Fock theory are associated with the Koopmans' theorem, which is very well known in quantum chemistry. Koopmans was awarded his Nobel memorial prize (jointly with Leonid Kantorovich) for his contributions to the field of resource allocation, specifically the theory of optimal use of resources. The work for which the prize was awarded focused on activity analysis, the study of interactions between the inputs and outputs of production, and their relationship to economic efficiency and prices. Finally, the importance of the article by Koopmans (1942) deriving the distribution of the serial correlation coefficient was recognized by John von Neumann, and it later influenced the optimal tests for a unit root by John Denis Sargan and Alok Bhargava (Sargan and Bhargava, 1983).

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Tags 1910 births 1985 deaths People from Wijdemeren Dutch Nobel laureates Dutch economists Dutch emigrants to the United States American economists Utrecht University alumni University of Amsterdam alumni Nobel laureates in Economics Fellows of the American Statistical Association Fellows of the Econometric Society Presidents of the Econometric Society Mathematical economists Econometricians Time series econometricians General equilibrium theorists 20th-century American writers 20th-century economists 20th-century American mathematicians

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.