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Topic: William Vickrey

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	Political Economics, How to Get Rich, P. P. Quimby
		Vickrey has written a little on his scheme for "inflation warrants" which would levy a tax on firms that raised their prices; it resembles a value-added tax and would not be designed to collect much revenue -- only to enable the Fed and the Fisc to drive unemployment to perdition.
		Vickrey is a dogged and stalward progressive who remembers exactly what the unemployment rate was in 1926 (1.9 percent in peacetime) and thinks that was a pretty good example.
		William Vickrey is one of the truly important figures in contemporary economics.
	pweb.netcom.com /~masonc/vickrey.html (2920 words)

	William S. Vickrey, June 21, 1914—October 11, 1996 \| By Jacques H. Drèze \| Biographical Memoirs
		William Vickrey was born in 1914 in Victoria, British Columbia (Canada).
		Vickrey was a distinguished fellow of the American Economic Association (president, 1992) and a fellow of the Econometric Society.
		Vickrey noted that a given grade of fire protection is a matter of providing an engine company within a suitable number of minutes of travel time, and concluded that the appropriate charge should be a matter of land area (rather than property value under current practice).
	www.nap.edu /html/biomems/wvickrey.html (4297 words)

	Untitled Document
		Professor Vickrey had a career spanning half a century in economics and was especially well-known for proposing practical solutions to transportation and utility problems that daily plague urban dwellers.
		Vickrey advocated a sophisticated system to bill motorists for use of roadways at times of peak congestion, in which units carried in each vehicle would activate recording devices embedded in the road.
		Vickrey was active for many years with the Transportation Research Board's Committees related to economics and was a continuing and inspiring advocate of pricing throughout transportation.
	users.rcn.com /mweisbrod/ted-committee/vickrey-award.htm (544 words)

	MTR 100, Pricing Pioneer (Site not responding. Last check: 2007-10-07)
		William Vickrey, emeritus professor at Columbia University and the prime originator of peak-load pricing, died Friday, three days after winning the Nobel Prize in Economics.
		Vickrey's work helped persuade electric utilities in Britain and, later, the U.S. to charge premium fees for peak usage and to offer off-peak discounts, in order to allocate costs efficiently and defray costly new capacity.
		Vickrey's transportation ideas ranged far beyond congestion pricing to a host of schemes for improving transport, including replacing ineffectual emission inspections with "smog fees" based on EPA-certified ratings calibrated for vehicle type and age.
	www.tstc.org /bulletin/19961011/mtr10013.htm (256 words)

	Principles of Efficient Congestion Pricing
		William Vickrey, winner of the Nobel Prize for Economics, is considered the father of Congestion Pricing.
		William Vickrey was born in Victoria, British Columbia, in 1914, he received a bachelor of science in mathematics from Yale in 1935.
		Vickrey began his Columbia career as a lecturer in economics in 1946.
	www.vtpi.org /vickrey.htm (2960 words)

	Challenge: Macroeconomics: was Vickrey ten years ahead? - economist and Nobel laureate William Vickrey
		Vickrey saw macro as an extension of micro, and his 1963 framing of the macro problem in a general equilibrium micro perspective occurred years before others caught up with him and created New Classical economics.
		Vickrey did not try to develop his model from micro foundations; the interrelationships in the economy were too complicated for that.
		Vickrey believed that, within the economy's standard operating range, a deficit, combined with expansionary monetary policy; would push the economy to a preferred short-run equilibrium.
	www.findarticles.com /p/articles/mi_m1093/is_n5_v41/ai_21118357 (1211 words)

	Vickrey, William
		For example, Vickrey was reported as advising the Clinton administration to ignore the $5.1 trillion National Debt, saying that if the U.S. were to balance its budget and eliminate the National Debt, the nation's economy would collapse.
		Ironically, the Academy praised Vickrey, saying he had provided a theoretical framework for experts to think about such situations and apply the findings in such everyday applications as drawing up contracts that protect the financial interests of both parties.
		Vickrey, was a conscientious objector in World War II, when he performed alternative service ostensibly designing a new inheritance tax scheme for Puerto Rico.
	www.cartage.org.lb /en/themes/Biographies/MainBiographies/V/Vickrey/Vickrey.htm (802 words)

	Nat' Academies Press, Biographical Memoirs V.75 (1998)
		Bill Vickrey's fearsome participation in seminars was part of his legend, and in particular earned him the Rip van Winkle award from the Center for Advanced Study in the Behavioral Sciences “for deep and uninterrupted concentration while attending seminars.”3 At Columbia, he showed up at seminars in many fields, and invariably attended the interdisciplinary ones.
		Vickrey recognized as follows the relevance of this construction to the Edgeworth problem: “If utility is defined as that quantity
		The gedanken-experiment introduced by Vickrey is the basis of modern utilitarianism, an important branch of contemporary social choice theory.
	www.nap.edu /books/0309062950/html/404.html (4252 words)

	Macroeconomics: Was Vickrey Ten Years Ahead? - Questia Online Library
		In praising the Nobel laureate William Vickrey, the author proposes that government policies can still be developed to maintain full employment.
		When you read the Nobel citation for William Vickrey; it is clear that he was lauded for his work in microeconomics.
		Vickrey had been talking about macro policy for a number of years, and in his presidential address to the American Economics-Association in 1992 he made some of the arguments he would have reiterated here.
	www.questia.com /PM.qst?a=o&d=5001369208 (292 words)

	Significance and influence. (from James, William) -- Encyclopædia Britannica
		The British-born actor James William Wallack was well known both in Britain and in the United States as a performer and a theatrical manager.
		William Vickrey was a leading economist of the 20th century.
		He designed the so-called Vickrey auction and laid the groundwork for later discoveries that proved that progressive taxation inhibits a taxpayer's incentive to work.
	www.britannica.com /eb/article-3658?tocId=3658 (792 words)

	CNN - Briton, American win Nobel economics prize
		STOCKHOLM, Sweden (CNN) -- Briton James Mirrlees and William Vickrey, a naturalized American, were awarded the 1996 Nobel Prize for economics on October 8.
		The academy said Vickrey's research concerned the properties of different types of auctions and how they can be best designed to generate economic efficiency.
		Vickrey was born in Victoria, British Columbia, Canada, in 1914 and had been Professor Emeritus at Columbia University, New York, where he also served as a tax adviser between 1937 and 1947.
	www.cnn.com /EVENTS/1996/nobel.prize/economics.html (326 words)

	Media Statement (Death of William Vickrey) (Site not responding. Last check: 2007-10-07)
		Professor Vickrey, 82, a resident of Hastings-on-Hudson, N.Y., was found unconscious and slumped over the wheel of his car by a passing motorist on the Hutchinson Parkway in Harrison, N.Y., near the Connecticut border shortly before midnight.
		Professor Vickrey, who taught at Columbia for nearly 60 years, was traveling to Boston to attend a two-day TRED (Taxation, Resources, Economics and Development) Conference at the Lincoln Institute of Land Policy, a non-profit institution.
		Professor Vickrey was a founder of the TRED Conference.
	www.columbia.edu /cu/pr/96/18977.html (375 words)

	Dick Netzer / Remembering William Vickrey (Site not responding. Last check: 2007-10-07)
		William Vickrey died on October 11, three days after the announcement of his being awarded the Nobel Prize in Economics, while on his way to the Lincoln Institute for the annual research conference of the Committee on Taxation, Resources and Economic Development (TRED).
		TRED meetings have been sponsored by the Institute for 20 years, and Bill Vickrey was at every one of those meetings.
		Bill Vickrey was the ultimate intellectual sparkplug of TRED from the beginning.
	www.cooperativeindividualism.org /netzer_vickrey_bio.html (320 words)

	Metanews: Nobelist William Vickrey, 1914-1996
		William Vickrey would have been the first to admit that he relished the media attention surrounding his Nobel Prize in Economic Science awarded last Oct. 8.
		Moreover, Vickrey's comment that his prize-winning 1961 paper was "one of my digressions into abstract economics" was often misunderstood.
		This, says Johnson, was Vickrey's idiosyncratic form of modesty, not a license to dwell exclusively upon practical schemes such as optimal pricing for traffic jams rather than the complex theory that reinforced them or his ideas on other topics that are accessible to the lay audience, such as budget deficits.
	www.columbia.edu /cu/21stC/issue-2.2/rodgers.html (586 words)

	CNN - Economist dies 3 days after winning Nobel Prize -Oct. 11, 1996
		Vickrey was driving from New York to a conference in Boston when he suffered the attack Thursday night, according to a spokeswoman at Columbia University, where the scholar and researcher had taught for nearly 60 years.
		Vickrey, a Canadian-born naturalized American, spent his career crusading for innovative solutions to common economic problems of taxation, utilities and urban transportation.
		Vickrey, who lived in Hastings-on-Hudson, New York, about 12 miles from where he was found, is survived by his wife of 45 years, Cecile.
	www.cnn.com /WORLD/9610/11/obit.nobel (348 words)

	American Journal of Economics and Sociology, The: Nobel Laureate William Vickrey: Stockholm seminar
		William Vickrey used his exceptional abilities to work on many frontiers of the profession.
		One outstanding feature of Professor Vickrey's body of achievements is the number and diversity of subjects to which he made major contributions.
		Professor Vickrey's university colleague and close friend, Professor Harriss appeared at the Nobel Ceremonies in Stockholm on December 7, 1996, where he presented a shorter version of the following remarks and graciously accepted the award for Vickrey.
	www.findarticles.com /p/articles/mi_m0254/is_n2_v57/ai_20824086 (1076 words)

	Marketplace for October 8, 1996
		William Vickrey, professor emeritus at Columbia University, got the call this morning.
		Vickrey: "Well, I used to ride back and forth on the train between home and school, New Haven and Scarsdale, and I'd look at all these empty seats because all the students couldn't afford the fare."
		Vickrey: " Goods will pile up on the shelves and be unsold and we'll have unemployment and we could very easily see a crash reminiscent of 1929."
	marketplace.publicradio.org /shows/1996/10/08_mpp.html (1442 words)

	[No title] (Site not responding. Last check: 2007-10-07)
		It's interesting that he had the perspicuity to die when he did because Vickrey was said to be the ultimate absent minded professor.
		Vickrey even argued that at certain stations, in the middle of the night, it would save money to collect no fares at all.
		A more subtle application is the “Vickrey auction” in which sealed bids are submitted and the winner—the one who submits the highest bid—pays the price of the second highest bid.
	www.panix.com /~scmiller/goodbye/sep/vickrey.htm (377 words)

	The Macroeconomics of William Vickrey - Questia Online Library (Site not responding. Last check: 2007-10-07)
		William Vickrey's work is a testimony that economics itself is not a dead end for social policy.
		In the early spring of 1995, William Vickrey joined the National Jobs for All Coalition, a network of progressive economists, political and social scientists, and labor and community advocacy groups committed to developing a full-employment agenda.
		The coalition received some initial financial backing from the liberal National Council of Churches and was housed in the Interchurch Center near Columbia University, where Vickrey was a professor emeritus and where he had earned his Ph.D. in economics nearly fifty years earlier.
	www.questia.com /PM.qst?a=o&d=5000430170 (320 words)

	James, William -- Britannica Concise Encyclopedia - Your gateway to all Britannica has to offer!
		A versatile Middle Scots poet attached to the court of James IV, William Dunbar was the dominant figure among the courtly poets known as the Scottish Chaucerians in the golden age of Scottish poetry.
		He was at ease in hymn and satire, morality and obscene comedy, panegyric and begging complaint, elegy and lampoon, and he moved freely from one to another for...
		William Harvey's studies were the beginnings of the science of physiology.
	concise.britannica.com /ebc/article-9368417?tocId=9368417 (906 words)

	American Monetary Institute (Site not responding. Last check: 2007-10-07)
		I was fortunate to hear Professor Vickrey present some of those viewpoints to a group of 20 economists attending a prestigious seminar at a local conservative think tank, two years ago.
		Vickrey is concerned though that the inflation rate might not remain steady, at 10 or 20%, but might accelerate "eventually reaching levels that would be extremely disruptive of normal economic calculations".
		Vickrey proposes a penalty tax on excess markups, as a means of containing inflation.
	www.monetary.org /smudget.htm (1427 words)

	Institute for Local Self-Reliance - Media Coverage - Let's Go For Full Employment (Site not responding. Last check: 2007-10-07)
		For many the death of William Vickrey three days after he won the Nobel Prize for economics would be counted as a personal tragedy.
		William Vickrey's passion was the benefits of full employment.
		William Vickrey would have challenged his colleagues to explain why these things are bad for the economy.
	www.ilsr.org /columns/1996/110596.html (806 words)

	Planning and Markets: Edward H. Clarke: Section III
		Nobel Prize pundits (Science, October 18, 1996) credit successful applications of William Vickrey's idea to areas such as the spectrum and Treasury debt auctions, as a contributing factor in the award of Vickrey's prize.
		Following Vickrey's idea, an incentive-compatible approach to grant-in-aid design for distributive programs was initially set forth in an unpublished paper (Clarke, 1981), entitled "Reforming the Grant-in-Aid Pork Barrel," and was briefly described with respect to "A Limited Fund Mechanism" for allocating Superfund by Tozzi and Clarke (1983).
		The Nobel Committee noted that the Vickrey auction anticipated (by a decade) the theoretical development of the pivotal mechanism as a means of ensuring truth telling in public project tenders.
	www-pam.usc.edu /volume2/v2i1a1s3.html (4248 words)

	Atlantic Economic Journal: From Edgeworth to Fisher to Vickrey: A comment on Michael J. Boskin's Vickrey Lecture.@ ... (Site not responding. Last check: 2007-10-07)
		From Edgeworth to Fisher to Vickrey: A comment on Michael J. Boskin's Vickrey Lecture.
		Atlantic Economic Journal; 6/1/2002; Koehn, Robert H. Irving Fisher has been overlooked as an influence on William Vickrey's work on taxation and as a link between Edgeworth and Vickrey.
		(JEL B3, H) Michael Boskin's fascinating Vickrey Lecture, "From Edgeworth to Vickrey to Mirlees" [Boskin, 2000], explores the historical and intellectual context of the late Nobel laureate William Vickrey's Columbia doctoral dissertation and first book, Progressive Income Taxation [1947].
	www.highbeam.com /library/doc0.asp?DOCID=1G1:88703696&refid=ip_encyclopedia_hf (196 words)

	Mirrlees, James -- Britannica Student Encyclopedia
		He shared the 1996 Nobel Prize for Economics with William Vickrey of Columbia University.
		Biography of William Vickrey and an autobiography of James A. Mirrlees.
		Autobiography and profile of James A. Mirrlees and biography of William Vickrey, joint recipients of the 1996 Nobel Prize in Economics.
	www.britannica.com /ebi/article?tocId=9312529&query=supply-side (677 words)

	Forkenbrock Wins Academy Of Sciences Award
		The award honors William S. Vickrey who won the Nobel Prize in Economics and was a pioneer in transportation economics.
		The award is given to an exceptional paper submitted to the Transportation Research Board that makes an important contribution to the fields of transportation economics and finance.
		Vickrey was best known for his work on pricing but he was active in a broad range of research issues.
	www.uiowa.edu /~ournews/2004/january/012204forkenbrock-award.html (324 words)

	Public Economics - Cambridge University Press
		Nobel Prize winner the late William Vickrey was one of the truly important figures in contemporary economics.
		Introduction: William Vickrey Jacques Drèze and Richard Arnott; Part I. Social Choice and Allocation Mechanisms: Introduction Kenneth Arrow; 1.
		While many difficult selection choices had to be made, the best known of Vickrey’s pieces - including, for example, the famous ‘Counterspeculation, auctions ’, ‘Some objections to marginal cost pricing’ articles, and the remarkable ‘ New York’s subway fare structure’ proposal - are all here together with a fine sampling of other valuable contributions.
	www.cambridge.org /uk/catalogue/catalogue.asp?isbn=0521597633 (482 words)

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