Mr. Kenneth J. J. Mackenzie

Kenneth J

A Minute with Kenneth J. Arrow

In each issue, Algorithmic Finance features a brief interview with one member of our advisory or editorial boards or another leading academic or practitioner. These brief conversations are intended to provide a glimpse of their current thinking. In this issue, we talk with Kenneth J. Arrow. Kenneth J. Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus...

Remembering a Giant in Economics: Kenneth J. Arrow (1922-2017).

Kenneth J. Arrow (1922–2017) substantially transformedmany areas of economics. His doctoral dissertation [1] redefined the field of social choice with his famous “impossibility theorem,” leading him to receive the Economics Nobel Prize in 1972. He made major contributions in general equilibrium theory, operations research, and statistics. But perhaps in no field of economic thinking did he have...

Religion and Spirituality: Adam Smith versus J-J Rousseau

Adam Smith and J-J Rousseau share some common ground when it comes to religion, namely that they were born into  and educated in cultural contexts deeply shaped by Reformed Christianity. However, close consideration of their writings on religion reveal marked difference. This paper explores those differences and finds that Rousseau and Smith are radically at odds on this score. Smith has almost...

IDEAL J *-ALGEBRAS

A C *-algebra A is called an ideal C * -algebra (or equally a dual algebra) if it is an ideal in its bidual A**. M.C.F. Berglund proved that subalgebras and quotients of ideal C*-algebras are also ideal C*-algebras, that a commutative C *-algebra A is an ideal C *-algebra if and only if it is isomorphicto C (Q) for some discrete space ?. We investigate ideal J*-algebras and show that the a...