Lloyd Appleton Metzler (3 April 1913 – 26 October 1980) was an American economist best known for his contributions to

international trade International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significan ...

theory. He was born in Lost Springs,

Kansas Kansas ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to the west. Kansas is named a ...

in 1913. Although most of his career was spent at the

University of Chicago The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chic ...

, he was not a member of the Chicago school, but rather a

Keynesian Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output an ...

. Lloyd was the youngest of three sons of Leroy and Lulu Appleton Metzler, who were both schoolteachers and both had college degrees. All three of the boys attended the

University of Kansas The University of Kansas (KU) is a public research university with its main campus in Lawrence, Kansas, United States. Two branch campuses are in the Kansas City metropolitan area on the Kansas side: the university's medical school and hospital ...

Lawrence Lawrence may refer to: Education Colleges and universities * Lawrence Technological University, a university in Southfield, Michigan, United States * Lawrence University, a liberal arts university in Appleton, Wisconsin, United States Preparator ...

. Leroy was a civil engineer, and Donald became the head of the engineering department and served as mayor of Lawrence. Lloyd was heading for a degree and career in business until he fell under the tutelage of John Ise, who convinced him to switch to economics, and who was a lifelong hero. After graduation, Metzler received his PhD in economics at

Harvard University Harvard University is a Private university, private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the History of the Puritans in North America, Puritan clergyma ...

, where he became great friends with

Paul Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "h ...

. Metzler worked post-World War II with the Office of Strategic Services (OSS) in Washington DC, and spent much of that time working on post-war reconstruction in Europe. Metzler was awarded a

Guggenheim Fellowship Guggenheim Fellowships are Grant (money), grants that have been awarded annually since by the John Simon Guggenheim Memorial Foundation, endowed by the late Simon Guggenheim, Simon and Olga Hirsh Guggenheim. These awards are bestowed upon indiv ...

in 1942 upon completing his PhD at

Harvard Harvard University is a private Ivy League research university in Cambridge, Massachusetts, United States. Founded in 1636 and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher lear ...

. He was made a Distinguished Fellow of the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics, with approximately 23,000 members. It publishes several peer-reviewed journals, including the Journal of Economic Literature, American Economic Review, an ...

in 1968. In the early 1950s Metzler's career was severely impacted by the discovery of a brain tumor, and several surgeries. He continued to teach for another 20 years at the University of Chicago. The Metzler paradox as well as Metzler matrices bear his name.

Notable students

* Arnold C. Harberger - Chief Economic Advisor, USAID; former president of the American Economic Association

Influences

Alice Bourneuf Alice Elizabeth Bourneuf (1912–1980) was an American economist and educator. She is known for her knowledge of international monetary policy and her contributions to the organization of the Marshall Plan. Biography Bourneuf was born on Octobe ...

Evsey Domar Evsey David Domar (, ''Domashevitsky''; April 16, 1914 – April 1, 1997) was a Russian-American economist, famous as developer of the Harrod–Domar model. Life Evsey Domar was born on April 16, 1914, in the Polish city of Łódź, which was ...

References

* * George Horwich and John Pomery, 2008. "Metzler, Lloyd Appleton (1913–1980)," ''

The New Palgrave Dictionary of Economics ''The New Palgrave Dictionary of Economics'' (2018), 3rd ed., is a twenty-volume reference work on economics published by Palgrave Macmillan. It contains around 3,000 entries, including many classic essays from the original Inglis Palgrave Dictio ...

Online'', 2nd Ed. Macmillan
Cross references.
Accessed 7 May 2009. * Lloyd A. Metzler, 1973. ''Collected Papers'', Harvard University Press.
Description
and chapter-previews vi
scroll down.

External Sources

Guide to the Lloyd A. Metzler Papers 1941-1948
at th
University of Chicago Special Collections Research Center
{{DEFAULTSORT:Metzler, Lloyd 1913 births 1980 deaths People from Marion County, Kansas University of Chicago faculty University of Kansas alumni Harvard University alumni Keynesians Fellows of the Econometric Society 20th-century American economists Distinguished fellows of the American Economic Association Economists from Kansas