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Maurice Allais

1911–2010

Maurice Allais (1911–2010) was a French economist and physicist who won the 1988 Nobel Memorial Prize in Economic Sciences for his pioneering contributions to market theory and efficient resource utilization. He is best known for the Allais paradox, which challenged expected utility theory, and for his empirical work on natural monopolies and general equilibrium. A polymath with a deep skepticism of mathematical formalism divorced from reality, Allais was a staunch advocate for economic liberalism tempered by social justice.

Economics

À la recherche d'une discipline économique (1943)
Économie et intérêt (1947)
Les fondements du calcul économique (1954)
Le comportement de l'homme rationnel devant le risque: critique des postulats et axiomes de l'école américaine (1953)
L'impôt sur le capital et la réforme monétaire (1977)
La crise mondiale d'aujourd'hui: pour de profondes réformes des institutions financières et monétaires (1999)
Allais Paradox (1953 paper)
My Life Philosophy (1989 Nobel lecture)

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