Lester Telser, a University of Chicago economics professor, died of natural causes on Sept. 3 at the University of Chicago Hospitals, said his son, Joshua. He was 91.
Lester Telser was a University of Chicago economics professor whose research was focused on a concept known as core theory, which studies how groups of people cooperate with one another to maximize their advantage.
Born in Chicago, Telser grew up in the Humboldt Park and Hyde Park neighborhoods, graduating from Hyde Park High School. He received a bachelor’s degree from Roosevelt University in 1951 and studied economics for a year at Harvard University.He went on to get his master’s and doctoral degrees from the U. of C., where one of his advisers for his doctoral thesis, which focused on financial futures markets, was noted economist Milton Friedman.
Victor Lima, a former graduate student of Telser’s who now is a senior instructional professor of economics at the U. of C., recalled Telser as an academic with multiple intellectual interests beyond economics and a strong belief that economists should place their work in the proper historical context. Lima also said Telser was critical to his development as an academic.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
University of Chicago professor wins 2022 Nobel economics prize alongside former Federal Reserve chairDouglas Diamond, a widely respected finance professor who has worked for the Booth School of Business since 1979, became the 97th scholar associated with university to be Nobel winners and the 33rd in economics, according to the university.
Read more »
University of Chicago professor Douglas Diamond wins Nobel Prize in EconomicsDiamond won the prize along with former Federal Reserve Chairman Ben Bernanke – now of the Brookings Institution – and Philip Dybvig of Washington University in St. Louis.
Read more »
University of Chicago professor wins Nobel PrizeA University of Chicago professor won the Nobel Prize in economic sciences, along with two others.
Read more »