caption death_date death_place influenced birth_place school_tradition influences color nationality institution field birth_date image article_title name alma_mater
edmond balasko -lrb- center -rrb- and gérard debreu , in 1977 malinvaud -lrb- right -rrb- , next to yves 07 march 2015 paris , france yves balasko jacques drèze limoges , france walrasian economics léon walras maurice allais indigo france collège de france macroeconomics 25 april 1923 debreu , balasko , malinvaud.jpeg edmond malinvaud
 edmond malinvaud ecole polytechnique
edmond malinvaud

edmond malinvaud -lrb- 25 april 1923 -- 7 march 2015 -rrb- was a french economist .
he was the first president of the pontifical academy of social sciences .
trained at the ecole polytechnique and at the ecole nationale de la statistique et de l'administration economique -lrb- ensae -rrb- in paris , malinvaud was , like gérard debreu , a student of maurice allais .
in 1950 , malinvaud left allais to join the cowles commission in the united states .
at cowles , malinvaud produced work in many directions .
his famous article , `` capital accumulation and the efficient allocation of resources '' -lrb- 1953 -rrb- , provided an intertemporal theory of capital for general equilibrium theory and introduced the concept of dynamic efficiency .
he became director of the ensae -lrb- 1962 -- 1966 -rrb- , director of the forecast department of french treasury -lrb- 1972 -- 1974 -rrb- , director of the insee -lrb- 1974 -- 1987 -rrb- and professor at the collège de france -lrb- 1988 -- 1993 -rrb- .
he also worked on uncertainty theory , notably the theory of `` first order certainty equivalence '' -lrb- 1969 -rrb- and the relationship between individual risks and social risks -lrb- 1972 , 1973 -rrb- .
his 1971 microeconomics textbook and his econometrics textbook , `` statistical methods in econometrics '' , have since become classics .
malinvaud 's main contribution to macroeconomics is represented in his slim 1977 book , `` theory of unemployment reconsidered '' which provided a clear and unified reconstruction of dynamic `` disequilibrium '' macroeconomics ; this theory built on previous results of clower , leijonhufvud , and `` non-walrasian '' theory .
malinvaud 's influence on the subsequent generation of european economists has been profound .
