Lloyd Appleton Metzler (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 state in the Midwestern United States. Its capital is Topeka, and its largest city is Wichita. Kansas is a landlocked state bordered by Nebraska to the north; Missouri to the east; Oklahoma to the south; and Colorado to ...

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

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private university, private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park, Chicago, Hyde Park neighborhood. The University of Chic ...

, he was not a member of the Chicago school, but rather a Keynesian. 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, and several satellite campuses, research and educational centers, medical centers, and classes across the state of Kansas. Tw ...

at Lawrence. 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 John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Seco ...

, 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 Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

, 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 grants that have been awarded annually since by the John Simon Guggenheim Memorial Foundation to those "who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the ar ...

in 1942 upon completing his PhD at Harvard. He was made a Distinguished Fellow of the American Economic Association 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 In economics, the Metzler paradox (named after the American economist Lloyd Metzler) is the theoretical possibility that the imposition of a tariff on imports may reduce the relative internal price of that good. It was proposed by Lloyd Metzler ...

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 *

Evsey Domar Evsey David Domar (russian: Евсей Давидович Домашевицкий, ''Domashevitsky''; April 16, 1914 – April 1, 1997) was a Russian American economist, famous as developer of the Harrod–Domar model. Life Evsey Domar was b ...

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 Diction ...

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