Gérard Debreu

thumb|Gérard Debreu Gérard Debreu (July 4, 1921 – December 31, 2004) was a French economist and mathematician, who also came to have United States citizenship. Best known as a professor of economics at the University of California, Berkeley, where he began work in 1962, he won the 1983 Nobel Memorial Prize in Economics. Quotes L. Walras first formulated the state of the economic system at any point of time as the solution of a system of simultaneous equations representing the demand for goods by consumers, the supply of goods by producers and the equilibrium condition that supply equal demand on every market. Arrow, Kenneth J., and Gerard Debreu. "Existence of an equilibrium for a competitive economy." Econometrica: Journal of the Econometric Society (1954): p. 265 Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics. Arrow, Kenneth J., and Gerard Debreu. "Existence of an equilibrium for a competitive economy." Econometrica: Journal of the Econometric Society (1954): p. 265 I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium. "Gerard Debreu - Biographical". in: Les Prix Nobel. The Nobel Prizes 1983, Editor Wilhelm Odelberg, [Nobel Foundation], Stockholm, 1984; Republished at Nobelprize.org. Nobel Media AB 2014. External links Gérard Debreu Category:1921 births Category:2004 deaths Category:Economists from the United States Category:Nobel laureates in Economics Category:Economists from France Category:Immigrants to the United States Category:Nobel laureates from France Category:University of California, Berkeley faculty