Harold Demsetz

Harold Demsetz is an economists who studied at the University of Illinois and Northwestern University.  Demsetz's specialized in and is the founder of the managerial economics field which uses economic topics to solve issues in businesses.  The most famous paper Demsetz's has published and has also become one of the most cited papers in the field of economics is "Production, Information Cost, and Economic Organization" (1972).  Unfortunately Demsetz passed on January 4, 2019, however his legacy and contribution to the economic field makes him one of the greatest economists of the 20th Century.

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  1. Professor ArvanSeptember 6, 2019 at 10:52 AM

    Yes, Demsetz did foundational work in the field we are studying. If our class size were somewhat smaller I would have you write a review of his 1972 paper. As it is, just keeping up with all the blogs will be a lot of work for me. But if it piques your interest your might read that paper anyway, just for you won benefit.

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