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Gerard Debreu biography

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Gérard Debreu was a Nobel-prize winning economist who researched the equilibrium between prices, production and demand in free-market economies.


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Born in Paris in 1921, Gérard Debreu is a nobel-prize winning economist who researched the equilibrium between prices, production and demand in free-market economies. He became a U.S. citizen in 1975 and worked as a professor at Yale and later the University of California at Berkeley.

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Economist, born in Calais, NW France. He studied at the University of Paris, went to the USA in 1950 as a researcher with the Cowles Foundation at Chicago University, and was a professor at Yale (1955–61), then professor of mathematics and economics at the University of California, Berkeley (from 1962). He became a US citizen in 1975. He worked on the equilibrium between prices, production, and consumer demand in a free-market economy - an approach first articulated (as the ‘invisible hand’ that leads self-seeking men unwittingly to aid society) by Adam Smith in 1776. For this work Debreu received the Nobel Prize for Economics in 1983.

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