Richard Lipsey | |
|---|---|
| Born | Richard George Lipsey August 28, 1928 Victoria, British Columbia, Canada |
| Occupation | Economist |
| Spouses | |
| Awards | Order of Canada, Fellow of the Royal Society of Canada, Social Sciences and Humanities Research Council of Canada Gold Medal for Lifetime Achievement |
Richard George Lipsey, OC FRSC (born August 28, 1928) is a Canadian academic and economist. He is best known for his work on the economics of the second-best, a theory that demonstrated that piecemeal establishing of individual first best conditions would not necessarily raise welfare in a situation in which all first best conditions could not be satisfied, an article that he co-authored with Kelvin Lancaster.[1] He is currently Professor Emeritus of Economics at Simon Fraser University.
- ^ Lipsey, R. G.; Lancaster, Kelvin (1956). "The General Theory of Second Best". Review of Economic Studies. 24 (1): 11–32. doi:10.2307/2296233. JSTOR 2296233.
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