Harry Markowitz

Harry Markowitz
Born(1927-08-24)August 24, 1927
Chicago, Illinois, USA
DiedJune 22, 2023(2023-06-22) (aged 95)
NationalityUnited States
InstitutionHarry Markowitz Company
Rady School of Management at the University of California at San Diego
Baruch College of the City University of New York
RAND Corporation
Cowles Commission
FieldFinancial economics
School or
tradition		Chicago School of Economics
Alma materUniversity of Chicago, (PhD)
ContributionsModern Portfolio Theory
Efficient/ Markowitz Frontier
Sparse Matrix Methods
SIMSCRIPT
AwardsJohn von Neumann Theory Prize (1989)
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (1990)
Information at IDEAS / RePEc

Harry Max Markowitz (August 24, 1927 – June 22, 2023) was an American economist of Jewish descent. He received the 1989 John von Neumann Theory Prize and the 1990 Nobel Prize in Economics.

Early life

Markowitz was born on August 24, 1927 in Chicago, Illinois.[1] He studied at the University of Chicago.

Career

Markowitz was a professor of finance at the Rady School of Management at the University of California, San Diego (UCSD). He is best known for his pioneering work in Modern Portfolio Theory, studying the effects of asset risk, return, correlation and diversification on probable investment portfolio returns.

Markowitz won the Nobel Prize in Economics in 1990.

Death

Markowitz died from pneumonia and sepsis, in San Diego, California, on June 22, 2023, at the age of 95.[2]

References

  1. ↑ Harry M. Markowitz – Autobiography[permanent dead link], The Nobel Prizes 1990, Editor Tore Frängsmyr, [Nobel Foundation], Stockholm, 1991
  2. ↑ Jr, Robert D. Hershey (June 25, 2023). "Harry Markowitz, Nobel-Winning Pioneer of Modern Portfolio Theory, Dies at 95" – via NYTimes.com.

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