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Lives of the LaureatesTwenty-three Nobel Economists$
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Roger W. Spencer and David A. Macpherson

Print publication date: 2014

Print ISBN-13: 9780262027960

Published to MIT Press Scholarship Online: May 2015

DOI: 10.7551/mitpress/9780262027960.001.0001

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Thomas C. Schelling

Thomas C. Schelling

(p.309) Thomas C. Schelling
Lives of the Laureates

Roger W. Spencer

David A. Macpherson

The MIT Press

This chapter examines Thomas C. Schelling's career. Schelling received a Nobel Prize in 2005. He was born in 1921 and earned a Ph.D. in economics from Harvard. He worked as professor of economics at Yale and Harvard, and later served as a distinguished university professor, emeritus, at the University of Maryland. Schelling was involved in the design and negotiation of the European Payments Union of the Marshall Plan countries. While at Yale, he wrote a modern textbook about strategic trade controls, looking at foreign aid, national security trade controls, and economic integration. Schelling is widely known through his use of game theory to analyze interactions between adversaries. His books include Micromotives and Macrobehavior, Choice and Consequence, and Strategies of Commitment and Other Essays.

Keywords:   Thomas C. Schelling, European Payments Union, Marshall Plan, game theory, micromotives

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