The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Allais, Maurice (Born 1911)

  • Bernard Belloc
  • Michel Moreaux
Reference work entry


Maurice Allais was born on 31 May 1911, in Paris. Originally a student at the Ecole Polytechnique he moved later to the Ecole Nationale des Mines (ENMP hereafter). He gained the doctorate of engineering of the University of Paris in 1949. He is currently director of Research at the Centre National de la Recherche Scientifique (CNRS) and Professor of Economic Analysis at the ENMP. The CNRS awarded him a gold medal in 1978, the first time this award was given to an economist. He was awarded the Nobel Prize for Economics in 1988.


Allais, M. Arbitrage Bernoullian principle Boiteux, M. Business cycles Capitalistic optimum Choice under risk Debreu, G. Desrousseaux, J. Divisia, F. J. M. Dupuit, A.-J.-E. Expected utility hypothesis Friedman, M. Functional analysis Golden rule of accumulation Hicks, J. R. Hyperinflation Industrial policy Interdependence Intertemporal general equilibrium Intertemporal optimality Jevons, W.S. Malinvaud, E. Marschak, J. Morgenstern, O. Neoclassical growth theory Optimum population Probability Samuelson, P.A. Savage, L. J. Steady state equilibrium Surplus Tâtonnement Uncertainty Von Neumann, J. Walras, L 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Bernard Belloc
    • 1
  • Michel Moreaux
    • 1
  1. 1.