Erik Lindahl
| Erik Lindahl | |
|---|---|
 |
|
| Born |
November 21, 1891 |
| Died | January 6, 1960 (aged 68) Uppsala |
| Nationality | Swedish |
| Field | Political economics |
| School or tradition |
|
| Influences | Knut Wicksell |
| Influenced | John Hicks, Roy Radner |
| Contributions | Lindahl equilibrium |
Erik Lindahl (November 21, 1891 – January 6, 1960) was a Swedish economist. He was professor of economics at Uppsala University 1942–58 and in 1956–1959 he was the President of the International Economic Association. He was an advisor to the Swedish government and the central bank. Lindahl posed the question of financing public goods in accordance with individual benefits. The quantity of the public good satisfies the requirement that the aggregate marginal benefit equals the marginal cost of providing the good.
The necessary and sufficient condition for such an equilibrium being -
Lindahl was elected in 1943 as member # 909 of the Royal Swedish Academy of Sciences.
"Lindahl was probably the most theoretically rigorous member of the Stockholm School, Erik Lindahl was the only member of that group who stayed wholly within academia. Although he obtained his degree at Lund and was highly influenced by Knut Wicksell, he was not Wicksell's student.
Lindahl's contributions to economic theory extend beyond his Wicksellian roots to embrace much of what is contained in modern Neo-Walrasian theory. Lindahl's formulation of the concept of sequence economies and intertemporal equilibrium (1929, 1930) is by far the first rigorous attempt to do so. Lindahl's couching of a theory of capital (1929, 1939) in intertemporal terms anticipates Malinvaud's (1953) famous attempt. The transfer of Lindahl's concepts to the anglophone world was accomplished by two of his most ardent supporters, John Hicks (1939, 1965) and Friedrich Hayek (1941). Since then, his work on "sequence analysis" has been given greater emphasis since the work of Frank Hahn (1973) and Roy Radner (1972). Lindahl's 1919 solution to the pricing of public goods is another noticeable achievement, brought into modern economic by Duncan Foley (1970)." See New School : http://www.newschool.edu/nssr/het/profiles/lindahl.htm
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