Richard Normand Langlois
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Richard Normand Langlois (born January 20, 1952, in
Putnam, Connecticut Putnam is a town in Windham County, Connecticut, United States. The town is part of the Northeastern Connecticut Planning Region. The population was 10,214 at the 2020 census. History Putnam, originally known as Aspinock, then part of Killi ...
) is an American
economist An economist is a professional and practitioner in the social sciences, 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 ...
and currently professor at the
University of Connecticut The University of Connecticut (UConn) is a public land-grant research university system with its main campus in Storrs, Connecticut, United States. It was founded in 1881 as the Storrs Agricultural School, named after two benefactors. In 1893, ...
. He studied
physics Physics is the scientific study of matter, its Elementary particle, fundamental constituents, its motion and behavior through space and time, and the related entities of energy and force. "Physical science is that department of knowledge whi ...
and English literature at
Williams College Williams College is a Private college, private liberal arts colleges in the United States, liberal arts college in Williamstown, Massachusetts, United States. It was established as a men's college in 1793 with funds from the estate of Ephraim ...
, he received a Master's in
astronomy Astronomy is a natural science that studies celestial objects and the phenomena that occur in the cosmos. It uses mathematics, physics, and chemistry in order to explain their origin and their overall evolution. Objects of interest includ ...
from
Yale University Yale University is a Private university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...
, and he received his
PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...
in ''Engineering-Economic Systems'' from
Stanford Leland Stanford Junior University, commonly referred to as Stanford University, is a private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth governor of and th ...
. Since May 2008, Langlois is also a contributor to the blo
Organizations and Markets
He is attributed with first presenting the
Vanishing Hand The Vanishing Hand theory is a concept first conceived of by economist Richard Normand Langlois. The term is an intentional play on both Adam Smith's invisible hand and Alfred Chandler's Visible Hand. Background In Smith's work, his invisible h ...
theory.


Literature

* 1982, Subjective Probability and Subjective Economics. New York : NY, C.V. Starr Center for Applied Economics, NYU, FAS, Department of Economics, Working Paper * 1984, Kaleidic and Structural Interpretations of Genuine Uncertainty. New York : NY, C.V. Starr Center for Applied Economics, NYU, FAS, Department of Economics, Working Paper * 1986, ''Economics as a Process: Essays in the New Institutional Economics.'' New York:
Cambridge University Press Cambridge University Press was the university press of the University of Cambridge. Granted a letters patent by King Henry VIII in 1534, it was the oldest university press in the world. Cambridge University Press merged with Cambridge Assessme ...
, 1986. xi, 262 p. : ill.; 24 cm. * 1988, “Economic change and the boundaries of the firm,” Journal of Institutional and Theoretical Economics, vol. 144, pp. 635–57 * 1994, “Risk and Uncertainty” in
Peter Boettke Peter Joseph Boettke (; born January 3, 1960) is an American economist of the Austrian school. He is currently a professor of economics and philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, vice president for r ...
(ed.), The Elgar Companion to
Austrian Economics The Austrian school is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with thei ...
. Brookfield, Vermont : Edward Elgar Publishing, pp. 118–22. * 1995, ''Firms, markets, and economic change : a dynamic theory of business institutions'' / Richard N. Langlois and Paul L. Robertson. London; New York : Routledge, 1995. xii, 185 p. : ill.; 24 cm. (hbk.), (pbk.) * 1998, “Capabilities and the theory of the firm,” in N. J. Foss and B. J. Loasby (eds.), Economic Organisation, Capabilities and Co-ordination. London: Routledge. * 2007, ''The dynamics of industrial capitalism : Schumpeter, Chandler, and the new economy'' / Richard N. Langlois. Abingdon ngland New York, NY : Routledge, 2007. * 2023, ''The Corporation and the Twentieth Century: The History of American Business Enterprise.'' Princeton University Press.


References


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{{DEFAULTSORT:Langlois, Richard Normand 21st-century American economists University of Connecticut faculty Williams College alumni Living people 1952 births