Andrei Shleifer

Andrei Shleifer ( born February 20, 1961 in Moscow) is an American economist and professor of financial economics and behavioral economics at Harvard University. Shleifer was well known for his contributions to the Legal Origins Theory.

Life

Andrei Schleifer was born in the USSR, 1976, he emigrated as a teenager with his parents to the United States. His Ph.D. he made in 1986 at the Massachusetts Institute of Technology and then worked until 1987 at Princeton University. After a period as a professor in Chicago from 1987 to 1990 the Economist went to Russia in 1991, where he was Advisor to the Deputy Prime Minister Anatoly Borisovich Chubais in privatization issues. Also in 1991 he accepted an appointment as a professor at Harvard University.

The meistrezipierten work Shleifer were previously contributions to the Legal Origins Theory. These attempts to establish a connection between the legal system of a State and its economic situation. Shleifer was also known for groundbreaking research that analyze the impact of the actions of actors who do not act according to the traditional economic model (homo economicus ), to financial markets. These works are the basis of behavioral economics and make clear that financial markets can be inefficient under empirically plausible assumptions.

Shleifer is currently the most cited economists in the world and was awarded the John Bates Clark Medal in 1999.

Writings

• Privatizing Russia, with Robert Vishny, MIT Press, Cambridge, 1995, ISBN 0-262-02389- X
• The economics and politics of transition to an open market economy, Paris: OECD Development Centre, 1998
• The Age of Milton Friedman. Journal of Economic Literature 2009, 47:1, 123-135