Franklin Fisher, professor emeritus of economics, dies at 84

Franklin M. Fisher, the Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics, emeritus, died on April 29 at the chronilogical age of 84. 

Fisher was born in new york and got both his undergraduate degree along with his PhD from Harvard University. He joined up with the MIT professors in 1960, after having a one-year post-PhD stint as an associate teacher on University of Chicago. Fisher spent the others of their job at MIT. In 2000, he had been appointed the inaugural holder of Jane Berkowitz Carlton and Dennis William Carlton Professorship of Microeconomics. He became a professor emeritus in 2004. 

Fisher had been a functional economist who made crucial efforts to financial concept, econometric methods, in addition to empirical evaluation of company and industry behavior. He had been best-known for their study on aggregation concept, estimation of multiple equation designs, plus the measurement and consequences of business focus. His efforts were widely celebrated. In 1973, he obtained the John Bates Clark Medal from American financial Association, an honor after that delivered any other year on United states economist underneath the age of 40 that is judged to have made the most important contributions to economic idea and understanding. He served as president for the Econometric Society, was a other of the United states Academy of Arts and Sciences, and held an honorary degree through the Hebrew University in Jerusalem.

Fisher ended up being actively involved with antitrust policy. He served since the lead economic specialist for IBM inside 1970s, if the U.S. division of Justice sued the firm for anticompetitive behavior. After the instance ended up being satisfied during the early 1980s, he and co-authors John McGowan and Joen Greenwood published “Folded, Spindled and Mutilated,” an extensive evaluation associated with the financial problems in the event. Many years later, Fisher served due to the fact lead expert for division of Justice an additional high-profile antitrust case, U.S. v. Microsoft. 

Late in his profession, Fisher’s interests changed to the business economics of water distribution in the centre East, leading a team to model water resources and determine possibilities for gains from cross-border liquid trading. 

Fisher had been a quite popular teacher plus an active dissertation agent. He served whilst the main agent for 47 doctoral pupils, so when the additional agent (committee user) for dozens much more. Five of their advisees tend to be present MIT professors members, including Nancy L. Rose ’85, current department mind for Economics. 

“Frank was a wonderful mentor whose lectures combined technical rigor through a wealthy curiosity about applied concerns,” Rose claims. “he had been in sought after as being a dissertation manager, in which their guidance ranged from econometric specifications to your art of writing.”

Fisher ended up being energetic inside a wide range of external activities. He had been a silver life master of duplicate bridge and an avid sailor. His utilize numerous nonprofit companies included presidencies of United states Friends of Peace today, the New Israel Fund, plus the United states Jewish Congress brand new England Region.

He could be survived by his wife, Ellen haven Fisher of Cambridge, Massachusetts; three children: Abraham and Abigail of Belmont, Massachusetts, and Naomi of Ann Arbor, Michigan, and their partners; and eight grandchildren.