Freeman Spogli Institute for International Studies Center for Health Policy/Center for Primary Care and Outcomes Research Stanford University


Photo of Kenneth Arrow

Kenneth J. Arrow, MA, PhD   Download vCard
Joan Kenney Professor of Economics and Professor of Operations Research, Emeritus and Stanford Health Policy Fellow; FSI Senior Fellow by courtesy

Economics Building
Stanford, CA 94305-6072
(650) 723-9165 (voice)
(650) 725-5702 (fax)

Research Interests
measurement of welfare changes in a dynamic economy; collective decision-making; the role of networks in the labor market

Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is a Nobel Prize-winning economist whose work has been primarily in economic theory and operations, focusing on areas including social choice theory, risk bearing, medical economics, general equilibrium analysis, inventory theory, and the economics of information and innovation. He was one of the first economists to note the existence of a learning curve, and he also showed that under certain conditions an economy reaches a general equilibrium. In 1972, together with Sir John Hicks, he won the Nobel Prize in economics, for his pioneering contributions to general equilibrium theory and welfare theory.

Arrow has served on the economics faculties of the University of Chicago, Harvard and Stanford. Prior to that, he served as a weather officer in the U.S. Air Corps (1942-46), and a research associate at the Cowles Commission for Research in Economics (1947-49). In addition to the Nobel Prize, he has received the American Economic Association's John Bates Clark Medal. He is a member of the National Academy of Sciences and the Institute of Medicine. He received a BS from City College, an MA and PhD from Columbia University, and holds approximately 20 honorary degrees.

Stanford Departments


Events & Presentations

News around the web

Seven reasons to resist change
Kenneth Arrow, Alan Blinder, Peter Diamond, Eric Maskin, Robert Solow and Laura Tyson: "We urge the rejection of proposals to add a balanced-budget amendment to the U.S. Constitution. While the nation faces significant fiscal problems that need to be addressed through measures that start to take effect after the economy is strong enough to absorb them, writing a requirement ..."
August 7, 2011 in The Daily Progress

5 Minutes With John Pencavel
Q: Who is the most interesting person that you’ve encountered on the Farm? A: Kenneth Arrow ...
March 10, 2011 in Stanford Review (blog)

Bay Area Nobel laureates condemn academic boycotts of Israel
They include chemist Roger Kornberg, economist Kenneth Arrow and physicist Martin Perl of Stanford University, and physician Stanley Prusiner of UCSF.
November 24, 2010 in

As India booms, experts discuss improving education
"If you look at economic growth, things like improved efficiency in retailing are extremely important," said Kenneth Arrow, a Nobel Prize winner and ...
June 5, 2010 in Stanford University News