Frank Hahn

Frank Horace Hahn (born April 26th, 1925) is a British economist whose work has focussed on general equilibrium theory, monetary theory, Keynesian (and Non-Walrasian) economics and monetarism.

He received the B.Sc. Econ in 1945 and the Ph.D. in 1951 at the London School of Economics (University of London) where his dissertation supervisors had been Nicholas Kaldor and Lionel Robbins. His degress include M.A.(Cantab) 1960. He is credited with having built economics at Churchill College Cambridge, and there is a Fellowship there named after him.

Frank Hahn's honorary degrees include D.Soc.Sci, Birmingham, 1981, Doctor Honoris Causa, Strasbourg, 1984 D. Litt., East Anglia, 1984 D.Sc.(Econ.),London, 1985 Doctor of the University, York, 1991 Doctor of Letters, Leicester, 1993 Doctor of Philosophy, Athens, 1993 Docteur Honoris Causa de l'Universite, Paris X, Nanterre, 1999

He has been most recently Professor Ordinario, University of Siena ,1989 Professor Emeritus of Economics,University of Cambridge, 1992; Fellow of Churchill College,Cambridge,1960.

Previous positions include: Lecturer in Economics, University of Birmingham, 1948-1958; Reader in Mathematical Economics, University of Birmingham, 1958-1960; Lecturer in Economics, University of Cambridge, 1960-66; Professor of Economics, London School of Economics, 1967-72; Professor of Economics,University of Cambridge, 1972-1992.

Others: Fellow of the British Academy, 1975; Corresponding Fellow, American Academy of Arts and Sciences, 1971; Foreign Associate of the U.S. National Academy of Sciences, 1988; Honorary Member of the American Economic Association, 1986; Honorary Fellow of London School of Economics, 1989; Member Academia Europaea, 1989; Palacky Gold Medal of the Czechoslovak Academy of Sciences, 1991; President, Econometric Society, 1968-69; President, Royal Economic Society, 1986-89; President, Section F of the British Association for the Advancement of Science, 1990; Visiting Professor of Economics, Massachusetts Institute of Technology, 1956-57, 1971-2, 1982; Visiting Professor of Economics, University of California, Berkeley, 1959-60; Fellow, Center of Advanced Study in the Behavioural Sciences, Stanford, California, 1966-67; Taussig Research Professor, Harvard University, 1974; Schumpeter Professor, Vienna 1984; Member for 20 years of Stanford University's workshop in mathematical economics; Member of the Council for Scientific Policy, later the Advisory Board of Research Councils, 1972-75; Managing Editor of Review of Economic Studies, 1965-68; Assistant Editor, Journal of Economic Theory, 1971-76.

After lecturing at the University of Birmingham, he moved to Cambridge as Lecturer at the Faculty of Economics and Politics and Fellow of Churchill College (1960-66). Having obtained a professorship, he taught at the London School of Economics (1967-72) and then returned to the University of Cambridge (1972-92). On his retirement he was appointed Professore Ordinario at the University of Siena, Italy. Here he directed the doctoral programme in economics (1990-1996). Hahn is now Emeritus Professor at Cambridge. He has been Visiting Professor at Harvard, MIT and Berkeley.

Major Works

SELECTED BOOKS

1971 (with K. J. Arrow) General Competitive Analysis, San Francisco: Holden-Day

1972 The Share of Wages in the National Income, L.S.E., Weidenfeld and Nicolson

1982 Money and Inflation. Basil Blackwell Publisher.

1984 In Praise of Economic Theory, (Jevons Lecture), publisher: University College, London.

1984 Equilibrium and Macroeconomics, Basil Blackwell Publisher.

1985 Money, Growth and Stability, Basil Blackwell Publisher.

1986 Three Lectures on Monetary Theory, ed. Marzano and Chirichiello, published by Franco Angeli Libri, Milano.

1995 A Critical Essay on Modern Macroeconomic Theory, jointly with Robert Solow, M.I.T. Press and Blackwells

SELECTION OF THE 120 ARTICLES 1950 * ”The Share of Wages in the Trade Cycle”, Economic Journal, vol 60 (1950). 1951 * “The Share of Wages in National Income”, Oxford Economic Papers vol. 3 #2 (1951). 1952 "Expectations and equilibrium", Economic Journal 62: 802-819 1955 "Uncertainty and the cobweb", Review of Economic Studies, 23: 65-75 1955 * “The Rate of Interest in General Equilibrium Analysis”, Economic Journal (1955). 1958 "Gross substitutes and the dynamic stability of general equilibrium", Econometrica 26:00:00 169-170 1960 * “The Patinkin Controversy”, Review of Economic Studies vol. 19 (1960). 1960 "The stability of growth equilibrium", Quarterly Journal of Economics 74:00:00 206-226 1961 * “Money, Dynamic Stability and Growth”, Metroeconomica vol. 13 #11 (August 1961). 1962 (with T. Negishi) "A theorem on non-ta^tonnement stability", Econometrica 30:00:00 463-469 1962 * “On the Stability of a Pure Exchange Equilibrium”, International Economic Review, vol. 3 (May, 1962), 206-13. 1962 "The stability of the Cournot oligopoly solution", Review of Economic Studies 29:00:00 329-331 1962 * “A Stable Adjustment Process for a Competitive Economy”, Review of Economic Studies vol 39 pp 62-5 (1962). 1963 * “On the Disequilibrium Behavior of a Multi-Sectoral Growth Model”, Economic Journal (1963) 1964 * “The Theory of Economic Growth: A survey”, with R.C.O.Matthews (1964), Economic Journal vol 74 pp 779-902 (1964). 1965 "On some problems of proving the existence of an equilibrium in a monetary economy" in F. H. Hahn and F. P. R. Brechling (eds.) The theory of Interest Rates, London: Macmillan, Pp. 126-135 1966 "Equilibrium dynamics with heterogeneous capital goods", Quarterly Journal of Economics 80:00:00 633-646 1968 * “On Warranted Growth Paths”, Review of Economic Studies, vol. 35, pp 175-84 (1968). 1969 * “On Money and Growth”, Journal of Money, Credit and Banking vol. 1 #2 (1969). 1970 * “Some Adjustment Problems”, Econometrica vol. 38 #1 (January 1970). 1971 "Equilibrium with transactions costs", Econometrica 39:00:00 417-439 1973 * “The Winter of Our Discontent”, Economica (1973). 1973 * “On Some Equilibrium Growth Paths” in Models of Economic Growth (1973), edited by Mirrlees and Stern. 1973 * “On Transactions Costs, Inessential Sequence Economics and Money”, Review of Economic Studies vol. 40 #4 (October 1973). 1974 * On the Notion of Equilibrium in Economics (1974). 1975 * “Revival of Political Economy: The wrong issues and the wrong arguments”, Economic Record vol. 51 pp 360-4 (1975). 1977 * “Keynesian Economics and General Equilibrium Theory: Reflections on some current debates” in Microeconomic Foundations of Macroeconomics (1977), edited by Harcourt. 1980 * “Monetarism and Economic Theory”, Economica Vol. 47 #185 (1980). 1981 * “General Equilibrium Theory” in Crisis in Economic Theory (1981) edited by Bell and Kristol. 1982 * “Reflections on the Invisible Hand”, Lloyd's Bank Review, April 1982. 1982 * “The Neo-Ricardians”, Cambridge Journal of Economics (1982). 1982 * “Stability” in Handbook of Mathematical Econonomics (1982), edited by Arrow and Intriligator. 1988 * “Liquidity” in Handbook of Monetary Economics (1988), edited by Friedman and Hahn. 1995 * Critical Essay on Modern Macroeconomic Theory (1995) with R.M. Solow. 1995 * “A Remark on Incomplete Market Equilibrium” in Markets, Information and Uncertainty (1999), edited by Chichilnisky. 1999 * “Notes on Sequence Economies, Transaction Costs and Uncertainty”, with K.J. Arrow Journal of Economic Theory vol. 86 #2 (1999).

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