Lawrence E. Blume
Encyclopedia
Lawrence E. Blume is a Goldwin Smith
Professor of Economics
at Cornell University
, USA.
He is a Visiting Research Professor at IHS and a member of the external faculty at the Santa Fe Institute
, where he has served as Co-Director of the Economics Program and on the Institute's steering committee. He teaches and conducts research in general equilibrium theory and game theory, and also has research projects on natural resource management and network design. A Fellow of the Econometric Society, he received an BA
in Economics from Washington University and a PhD
in Economics from the University of California, Berkeley
.
Blume is one of the general editors of The New Palgrave Dictionary of Economics
, to which he contributed several articles on mathematical economics
: Convexity
, convex programming, and duality
.
Goldwin Smith
Goldwin Smith was a British-Canadian historian and journalist.- Early years :He was born at Reading, Berkshire. He was educated at Eton College and Magdalen College, Oxford, and after a brilliant undergraduate career he was elected to a fellowship at University College, Oxford...
Professor of Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
at Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
, USA.
He is a Visiting Research Professor at IHS and a member of the external faculty at the Santa Fe Institute
Santa Fe Institute
The Santa Fe Institute is an independent, nonprofit theoretical research institute located in Santa Fe and dedicated to the multidisciplinary study of the fundamental principles of complex adaptive systems, including physical, computational, biological, and social systems.The Institute houses a...
, where he has served as Co-Director of the Economics Program and on the Institute's steering committee. He teaches and conducts research in general equilibrium theory and game theory, and also has research projects on natural resource management and network design. A Fellow of the Econometric Society, he received an BA
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in Economics from Washington University and a PhD
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
in Economics from the University of California, Berkeley
University of California, Berkeley
The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...
.
Blume is one of the general editors of The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics , 2nd Edition, is an eight-volume reference work, edited by Steven N. Durlauf and Lawrence E. Blume. It contains 5.8 million words and spans 7,680 pages with 1,872 articles. Included are 1057 new articles and, from earlier, 80 essays that are designated as...
, to which he contributed several articles on mathematical economics
Mathematical economics
Mathematical economics is the application of mathematical methods to represent economic theories and analyze problems posed in economics. It allows formulation and derivation of key relationships in a theory with clarity, generality, rigor, and simplicity...
: Convexity
Convexity in economics
Convexity is an important topic in economics. In the Arrow-Debreu model of general economic equilibrium, agents have convex budget sets and convex preferences: At equilibrium prices, the budget hyperplane supports the best attainable indifference curve. The profit function is the convex conjugate...
, convex programming, and duality
Dual problem
In constrained optimization, it is often possible to convert the primal problem to a dual form, which is termed a dual problem. Usually dual problem refers to the Lagrangian dual problem but other dual problems are used, for example, the Wolfe dual problem and the Fenchel dual problem...
.