Melchior Palyi
{{Short description|Hungarian economist (1892–1970)}}
{{Use British English|date=May 2025}}
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{{Infobox economist
| school_tradition=Neoclassical economics
| honorific_suffix={{post-nominals|country=GBR|FBA|size=100%}}
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| birth_date= {{birth date|1892|3|14|mf=y}}
| birth_place= Budapest, Hungary, Austria-Hungary
| death_date= {{death date and age|1970|7|28|1892|3|14|mf=y}}
| death_place= Chicago, Illinois, U.S.
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Melchior Palyi (1892 – 1970) was a Hungarian-American economist
Life
=Early life=
=Education=
Palyi obtained a masters degree in law from University of Budapest.{{sfn|Samuels|2005|pp=305–306}} He received his doctorate in Economics from the University of Munich in 1915.{{sfnm|1a1=Samuels|1y=2005|1pp=305–306|2a1=University of Chicago|2y=2009}}
=Career=
From 1915 to 1918, Palyi worked for the Austro-Hungarian Bank and the Hungarian Ministry of Agriculture.{{sfn|Samuels|2005|pp=305–306}} From 1918 to 1933, he taught at the University of Munich, the University of Göttingen and the University of Kiel.{{sfn|University of Chicago|2009}} After Max Weber's death in 1920, Palyi and {{Interlanguage link|Siegmund Hellmann|de}} edited and collected student notes of Weber's last complete lecture series—entitled the General Economic History—into a volume that was published in 1923.{{sfnm|1a1=Weber|1y=2023|1pp=ix–xi|2a1=Kaesler|2y=2014|2pp=904–906}} Palyi was a visiting professor at the universities of Oxford, California in Los Angeles, and Chicago between 1926 and 1928.{{sfnm|1a1=Samuels|1y=2005|1pp=305–306|2a1=University of Chicago|2y=2009|3a1=Zweig|3y=2010}} In 1928, he became an economist at the Deutsche Bank and advised the Reichbank beginning in 1931.{{sfnm|1a1=Samuels|1y=2005|1pp=305–306|2a1=Zweig|2y=2010|3a1=University of Chicago|3y=2009}} Both positions ended in 1933.{{sfn|Samuels|2005|pp=305–306}} Until 1931, Palyi was also a Professor of Finance at the Graduate School of Commerce in Berlin.{{sfn|University of Chicago|2009}} After the Nazi seizure of power, Palyi emigrated to the United Kingdom and resumed lecturing at Oxford, before returning to the United States and resuming his position as a visiting professor in Chicago between 1933 and 1937. Three years after leaving the University of Chicago, he was a lecturer at Northwestern University.{{sfn|Samuels|2005|pp=305–306}} Between 1961 and 1968, Palyi wrote business columns for the Chicago Tribune. He then wrote for the Commercial & Financial Chronicle for the next two years.{{sfnm|1a1=Samuels|1y=2005|1pp=305–306|2a1=The New York Times|2y=1970}} Palyi died on July 28, 1970 at Billings Memorial Hospital in Chicago.{{sfnm|1a1=Samuels|1y=2005|1pp=305–306|2a1=The New York Times|2y=1970|3a1=Zweig|3y=2010}}
Bibliography
- Compulsory Medical Care and the Welfare State{{sfn|University of Chicago|2009}}
- Managed Money at the Crossroads{{sfn|University of Chicago|2009}}
- An Inflation Primer{{sfn|University of Chicago|2009}}
- The Twilight of Gold{{sfn|University of Chicago|2009}}
See also
References
{{Reflist}}
General and cited sources
{{refbegin|30em|indent=yes}}
- {{Cite web |date=31 July 1970 |title=Dr. Melchior Palyi, Economist, 78, Dies |url=https://www.nytimes.com/1970/07/31/archives/dr-melchior-palyi-economist-78-dies.html |url-status=live |archive-url=https://web.archive.org/web/20240327024138/https://www.nytimes.com/1970/07/31/archives/dr-melchior-palyi-economist-78-dies.html |archive-date=27 March 2024 |website=The New York Times |issn=0362-4331 |ref={{harvid|The New York Times|1970}}}}
- {{Cite web |date=2009 |title=Guide to the Melchior Palyi Papers 1915–1970 |url=https://www.lib.uchicago.edu/e/scrc/findingaids/view.php?eadid=ICU.SPCL.PALYI |url-status=live |archive-url=https://web.archive.org/web/20241201162647/https://www.lib.uchicago.edu/e/scrc/findingaids/view.php?eadid=ICU.SPCL.PALYI |archive-date=December 1, 2024 |website=University of Chicago |ref={{harvid|University of Chicago|2009}}}}
- {{Cite book |last=Kaesler |first=Dirk |author-link=Dirk Kaesler |url=https://books.google.com/books?id=Pa8kAwAAQBAJ |title=Max Weber. Preuße, Denker, Muttersohn. Eine Biographie |publisher=C. H. Beck |year=2014 |isbn=978-3-406-66076-4 |edition=First |location=Munich |language=de |jstor=j.ctv1168mt4 |oclc=878146290 |s2cid=170890977}}
- {{Cite book |last=Samuels |first=Warren |author-link=Warren Samuels |title=Documents from F. Taylor Ostrander |date=2005 |publisher=Emerald Publishing |isbn=978-0-7623-1165-1 |series=Research in the History of Economic Thought and Methodology |volume=23 |location=Bingley |pages=305–306 |language=en |chapter=Melchior Palyi: Introduction and Biography |doi=10.1016/s0743-4154(05)23108-5 |oclc=76065872 |issue=2}}
- {{Cite book |last=Weber |first=Max |author-link=Max Weber |title=General Economic History |publisher=Routledge |year=2023 |isbn=978-1-003-41185-7 |editor-last=Tribe |editor-first=Keith |edition=First |series=Routledge Classics |location=Abingdon-on-Thames |language=en |translator-last=Knight |translator-first=Frank |doi=10.4324/9781003411857 |oclc=1393524164 |translator-last2=Tribe |translator-first2=Keith |translator-link=Frank Knight |s2cid=260858809}}
- {{Cite news |last=Zweig |first=Jason |author-link=Jason Zweig |date=November 6, 2010 |title=The Intelligent Investor: Melchior Palyi, the Man Who Called the Financial Crisis—70 Years Early |url=https://www.wsj.com/articles/SB10001424052748704405704575596382345085258 |archive-url=https://web.archive.org/web/20230607062316/https://www.wsj.com/articles/SB10001424052748704405704575596382345085258 |archive-date=June 7, 2023 |work=Wall Street Journal |language=en-US |issn=0099-9660}}
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External links
{{Authority control}}
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Category:Neoclassical economists
Category:Neoclassical economics