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Frederic Michael Scherer (born 1932 in
Ottawa, Illinois Ottawa is a city located at the confluence of the navigable Illinois River and Fox River in LaSalle County, Illinois, United States. The Illinois River is a conduit for river barges and connects Lake Michigan at Chicago, to the Mississippi Riv ...
) is an
American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...
economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...
and expert on
industrial organization In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the pe ...
. Since 2006, he continues as a professor of economics at the JFK School of Government at Harvard University.


Early and family life

Scherer received his A.B. degree with honors and distinction from the University of Michigan and his M.B.A. with high distinction from Harvard University in 1958 and his PhD in economics from Harvard in 1963. He is married to Barbara Silbermann Scherer, and the couple have three children and eight grandchildren.


Career

Scherer served as the chief economist for the
Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction ov ...
in 1974-76. He has taught at Princeton University, Northwestern University, Swarthmore College, Haverford College, the
University of Bayreuth A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, the ...
and the
Central European University Central European University (CEU) is a private research university accredited in Austria, Hungary, and the United States, with campuses in Vienna and Budapest. The university is known for its highly intensive programs in the social sciences and ...
. Since 2006 Scherer has been Emeritus Professor of Public Policy and Corporate Management in the Aetna Chair, in the
John F. Kennedy School of Government The Harvard Kennedy School (HKS), officially the John F. Kennedy School of Government, is the school of public policy and government of Harvard University in Cambridge, Massachusetts. The school offers master's degrees in public policy, publi ...
, Harvard University. His research specialties include
industrial economics In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the perf ...
and the economics of
technological change Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes.From ''The New Palgrave Dictionary otechnical change by S. Metcalfe.  •biased and biased tech ...
, on which he has many much-cited publications, including the books listed below, and the articles in His 1971 textbook on Industrial Organization has gone through many editions, and Scherer still participates on the advisory board for the scholarly magazine of the same name. Scherer has also published recently concerning patent policy reform. Upon the death of Thomas McCraw, Scherer may be the scholar with the most expertise concerning the theories of former Harvard professor Joseph Schumpeter, about whom he has made a series of YouTube videos.


Honors

Scherer received the first "Distinguished Fellow Award" from the Industrial Organization Society in 1999; the second was Jean Tirole, who later received the Nobel Prize in 2014 for his work in industrial organization. Scherer also received an honorary doctorate from the
University of Hohenheim The University of Hohenheim (german: Universität Hohenheim) is a campus university located in the south of Stuttgart, Germany. Founded in 1818, it is Stuttgart's oldest university. Its primary areas of specialisation had traditionally be ...
, Germany. He served as the 3rd president of the Industrial Organization Society, as well as of the International Joseph A. Schumpeter Society, and vice president of the American Economic Association and of the Southern Economic Association. He received the Lifetime Achievement Award from the American Antitrust Institute in 2002.


Publications

*Frederic M. Scherer, ''Monopolies, Mergers and Competition Policy'' (Edward Elgar Pub) March 30, 2018 *Frederic M. Scherer, ''Quarter Notes and Bank Notes: The Economics of Music Composition in the 18th and 19th Centuries'' (Princeton University Press, 2004). *Frederic M. Scherer, ''Competition Policy, Domestic and International'' (Edward Elgar, 2001). *Frederic M. Scherer, ''New Perspectives on Economic Growth and Technological Innovation'' (Brookings Institution, 1999). *Frederic M. Scherer, ''Industry Structure, Strategy, and Public Policy'' (Harper Collins, 1996). . *Frederic M. Scherer, ''Competition Policies for an Integrated World Economy'' (Brookings Institution, 1994). *Frederic M. Scherer and David J. Ravenscraft, ''International High-Technology Competition; Competition Policies for an Integrated World Economy; Mergers, Sell-offs, and Economic Efficiency'' (Harvard University Press, 1992). *Frederic M. Scherer and David Ross, 9701990. ''Industrial Market Structure and Economic Performance'', 3rd ed. Houghton-Mifflin
Description
and 1st ed. revie
extract
*Frederic M. Scherer and David J. Ravenscraft, ''Mergers, Sell-offs, and Economic Efficiency'' (Brookings Institution, 1987). *Frederic M. Scherer, Innovation and Growth: Schumpeterian Perspectives(MIT Press, 1984). *Frederic M. Scherer, ''The Economic Effects of Compulsory Patent Licensing'' (New York University Monograph Series in Finance and Economics, 1977). *Frederic M. Scherer with Alan Beckenstein, Erich Kaufer, and R. D. Murphy, ''The Economics of Multi-Plant Operation: An International Comparisons Study'' (Harvard University Press, 1975). *Frederic M. Scherer, ''Industrial Market Structure and Economic Performance'' (first ed. 1970; second ed. 1980; third ed. (with David Ross) 1990; Houghton Mifflin). *Frederic M. Scherer, ''Focal Point Pricing and Conscious Parallelism" (The Antitrust Bulletin: the Journal of American and Foreign Antitrust & Trade Regulation, p. 495-503, Vol 12, 1967) *Frederic M. Scherer and M. J. Peck, ''The Weapons Acquisition Process: Economic Incentives'' (Harvard Business School Division of Research, 1964). *Frederic M. Scherer and M. J. Peck, ''The Weapons Acquisition Process: An Economic Analysis'' (Harvard Business School Division of Research, 1962).


References


External links


Homepage of Frederic M. Scherer at John F. Kennedy School of Government
* {{DEFAULTSORT:Scherer, Frederick M. Economists from Illinois 1932 births Living people University of Michigan alumni Harvard Graduate School of Arts and Sciences alumni University of Michigan faculty Princeton University faculty Swarthmore College faculty Harvard Kennedy School faculty Northwestern University faculty People from Ottawa, Illinois Harvard Business School alumni