Frederick V. Waugh
{{short description|American economist}}
{{use mdy dates|cs1-dates=ly|date=May 2020}}
Frederick Vail Waugh (1898–1974){{r|umass}} was an American agricultural economist known for his work relating supply, demand, quality, and marketing in the prices of agricultural products, for his understanding of who benefits from volatility in agricultural pricing, and for his advocacy of food stamp and food distribution policies for the poor. He worked for the United States Department of Agriculture from the 1920s to the 1970s.{{r|houck|choices}}
Early life and education
Waugh was the brother of Albert Waugh, long-time provost at the University of Connecticut, and the son of Frank Albert Waugh, who was a professor of horticulture and landscape architecture at the Massachusetts Agricultural College (now the University of Massachusetts Amherst) and the namesake of the Frank A. Waugh Arboretum at the university. He enlisted in the United States Army Ambulance Service for World War I,{{r|umass}} and was awarded the Croix de Guerre for his service. After the war, he graduated from the Massachusetts Agricultural College in 1922. He earned a master's degree in 1924 from Rutgers University,{{r|aaea}} became an instructor at the University of Connecticut in 1925,{{r|yukon}} and completed a Ph.D. in 1929 at Columbia University.{{r|aaea}}
Recognition
Waugh is one of the namesakes of the Frisch–Waugh–Lovell theorem in econometrics.
He became a Fellow of the American Statistical Association in 1945, and a Fellow of the Econometric Society in 1947.
In 1957, the Agricultural & Applied Economics Association named him as a fellow.{{r|aaea}} In 1968, he and his daughter, mathematician Margaret Maxfield, won the Lester R. Ford Award of the Mathematical Association of America for a paper on the rational approximation of square roots.{{r|sad}}
A collection of Waugh's selected works was published by the University of Minnesota Press in 1984.{{r|choices}} His memorabilia from the Army Ambulance Service is collected in the University of Massachusetts Amherst library.{{r|umass}}
References
{{reflist|refs=
{{citation|url=https://www.aaea.org/trust/appreciation-clubs/frederick-v-waugh|title=Frederick V. Waugh|work=AAEA Trust Appreciation Clubs|publisher=Agricultural & Applied Economics Association|accessdate=2020-05-15}}
| last = Houck | first = James P.
| date = December 1991
| doi = 10.2307/1242379
| issue = 5
| journal = American Journal of Agricultural Economics
| jstor = 1242379
| pages = 1330–1333
| title = Sound Judgment and common sense: The professional legacy of Fred Waugh
| volume = 73}}
{{citation|url=https://www.maa.org/programs-and-communities/member-communities/maa-awards/writing-awards/paul-halmos-lester-ford-awards|title=Paul R. Halmos - Lester R. Ford Awards|publisher=Mathematical Association of America|accessdate=2020-05-15}}; see also {{citation|url=https://www.maa.org/programs/maa-awards/writing-awards/side-and-diagonal-numbers|title=Side-and-Diagonal Numbers|publisher=Mathematical Association of America}}
}}
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Category:American recipients of the Croix de Guerre 1914–1918 (France)
Category:20th-century American economists
Category:Agricultural economists
Category:Massachusetts Agricultural College alumni
Category:Rutgers University alumni
Category:Columbia University alumni