Jewish Economist Nobel Prize Winner

A Nobel Memorial Prize in Economic Science was announced in Stockholm yesterday for Prof. Kenneth Joseph Arrow, a Jewish economist at Harvard. Prof. Arrow, 51, has been prominent since 1951, when he delivered a doctoral dissertation at Columbia on “Social Choice and Individual Values.” His “Impossibility Theorem”–arguing that a “perfect form of government” is impossible–is generally agreed to be his chief achievement. The New York-born laureate is married to the former Selma Schweitzer and has two sons–David, 10, and Andrew, 8. The new edition of Who’s Who in World Jewry does not list any Jewish-organizational credits for Prof. Arrow. He shared the $98,000 Nobel Prize with Sir John R. Hicks, a retired professor.