Jacob Marschak
Born(1898-07-23)23 July 1898
Died27 July 1977(1977-07-27) (aged 79)
Alma materUniversity of Heidelberg
Known forElasticity of demand
Early econometrics
Choice under uncertainty
Scientific career
InstitutionsCowles Commission
University of Chicago
Doctoral advisorEmil Lederer
Doctoral studentsLeonid Hurwicz
Harry Markowitz
Franco Modigliani

Jacob Marschak (23 July 1898 – 27 July 1977) was an American economist.


Born in a Jewish family of Kyiv,[1][2] Jacob Marschak (until 1933 Jakob) was the son of a jeweler. During his studies, he joined the social democratic Menshevik Party, becoming a member of the Menshevik International Caucus. In 1918, he was the labor minister in the Terek Soviet Republic. In 1919, he emigrated to Germany, where he studied at the University of Berlin and the University of Heidelberg.[2]

From 1922 to 1926, he was a journalist, and in 1928, he joined the new Kiel Institut für Weltwirtschaft. With the gathering Nazi storm, he emigrated to England, where he went to Oxford to teach at the Oxford Institute of Statistics,[1] which was funded by the Rockefeller Foundation, allowing him to emigrate to the United States in 1939.[1] After teaching at the New School for Social Research, in 1943, he went to University of Chicago, where he led the Cowles Commission.[1] He followed the commission's move to Yale University,[1] and he then became a professor at UCLA in 1960.[1][2]

In 1972, he co-founded Team Theory with Roy Radner.

Marschak was fluent in approximately one dozen languages. Shortly before he was due to become president of the American Economic Association, he died from a cardiac arrest.[2]

UCLA sponsors the recurring Jacob Marschak Interdisciplinary Colloquium on Mathematics in the Behavior Sciences.

Major publications


Chapters in books

Translates as:Marschak, Jacob; Lederer, Emil, "New middle class", in Lederer, Jacob (ed.), New middle class, Isha Books, ISBN 9789332875661.

Journal articles



  1. ^ a b c d e f "Noted Professor in UCLA Post". Los Angeles Evening Citizen. Los Angeles, CA. 24 August 1960. p. 5. Retrieved 26 April 2022 – via Newspapers.com. Open access icon
  2. ^ a b c d "Jacob Marschak, Noted Economics Scholar, Dies". The Los Angeles Times. Los Angeles, CA. 28 July 1977. p. 37. Retrieved 25 April 2022 – via Newspapers.com. Open access icon