David Schwartzman
David Schwartzman (April 22, 1924 – March 28, 2019) was a Canadian-born American economist.
Education and career
[edit]Born in Montreal to a Canadian father and American mother, Schwartzman’s first public role was as a national youth organizer for the Co-operative Commonwealth Federation (CCF). Schwartzman received his BA from McGill University, Canada in 1945, and spent the 1945–1946 academic year studying under Milton Friedman and George Stigler at the University of Minnesota. He earned his PhD from UC Berkeley, USA in 1953. He held many teaching positions in economics: Lecturer at McGill (1948–1951); Instructor at Columbia (1954–1958); Assistant Professor at New York University (1958–1960), and Professor at the New School for Social Research (1960–1964), where he attained emeritus status in 2002.[1]
Contributions
[edit]Schwartzman made significant novel contributions to the discipline of Industrial Organization (IO).[citation needed] A standard textbook on IO has testified to his contribution in several places.[2] His core contributions are in the areas Economic Concentration—Regionally and locally, Uncertainty and the Size of Firms, The Burden of Monopoly, Black Unemployment, Rate of Returns in the Pharmaceutical Industry, and the Decline in the Retail and Service Industry. We present some analyses of his contributions as reviewed by others in academic journals.[2]
According to Billy R. Dickson,[3] Schwartzman thesis in his book on "Black Unemployment" is based on the microeconomic model of substitution. Here the notion is substitution of factor prices, namely the relative price changes from unskilled labor to skilled labor demand. This analysis was carried out with labor-saving technologies as an instrumental variable.
Sam Peltzman has analyzed Schwartzman’s hypothesis that the return in the pharmaceutical industry was declining from better rates in the 1950s and 1960s.[4] The underlying cause for the decline included mainly the increase in regulation through the 1962 Amendments to the Food, Drug and Cosmetics Act.
Ramrattan and Szenberg analyzed Schwartzman’s analyses of trends in the Retail and Service industries (1969; 1971).[5] The study puts into perspective growth and decline in the book industries. Of importance was slow employment growth, which was a quarter of a percent annually from 1929 to 1958, and one percent from 1958 to 1963.[5]
Some of His Works
[edit]- Schwartzman, David. (1997). Black Unemployment: part of unskilled unemployment. Wesport, Conn.: Greenwood Press.
- Schwartzman, David. (1988). Games of Chicken - Four Decades of U.S. Nuclear Policy. New York: Praeger Publishers, 248 pages. ISBN 0-275-92884-5.
- Schwartzman, David. (1976). Innovation in the Pharmaceutical Industry. Baltimore, MD: Johns Hopkins University Press.
- Schwartzman, David, (1971). The Decline of Service in Retail Trade: An Analysis of the Growth of Sales per Man-Hour, 1919–1963. Pullman, WA: Washington State University Press.
- Schwartzman, David and Joan Bodoff, (1971). "Concentration in Regional and Local Industries," Southern Economic Journal, Vol. 37 (January), pp. 343–348.
- Schwartzman, David. (1969). Production and Productivity in the Service Industries, in Victor R. Fuchs, ed. Studies in Income and Wealth, NBER Conference on Research in Income and Wealth, 34, 201-230.
- Schwartzman, David. (1963). "Uncertainty and the Size of Firms," Economica, Vol 30 (August), pp. 287–269.
- Schwartzman, David. (1960). "The Burden of Monopoly," Journal of Political Economy, vol. 33 (June), pp. 627–630.
- Schwartzman, David. (1959). "The Effect of Monopoly on Price," Journal of Political Economy, Vol. 67 (Aug), pp. 352-362
References
[edit]- ^ "The New School for Social Research". Issuu. Retrieved 2020-01-06.
- ^ a b Scherer, F. M. and David Ross. (1990). "Industrial Market Structure and Economic Performance." Third Edition. Boston: Houghton Mifflin Company, pp. 79, 105, 425, 663
- ^ Dickens, Billy R. (1997). Review of Black Unemployment. Review of Black Political Economy 25(3).Winter, pp. 91-94
- ^ Peltzman, Sam. (1978). Review of Schwartzman’s Innovation in the pharmaceutical Industry Book. "Journal of Economic Literature," Vol. 16, No. 1 (March), 149-150.
- ^ a b Ramrattan, L. and M. Szenberg. (2016). "Revolution in Book Publishing." New York: Palgrave-Macmillan, p. 7.
- 1924 births
- Canadian economists
- McGill University alumni
- 2019 deaths
- 20th-century American economists
- 20th-century American male writers
- 20th-century American non-fiction writers
- 21st-century American economists
- 21st-century American male writers
- 21st-century American non-fiction writers
- American economics writers
- American male non-fiction writers
- American political writers
- Jewish American economists
- Jewish American social scientists
- Jewish American non-fiction writers
- National Bureau of Economic Research
- Canadian emigrants to the United States
- 21st-century American Jews