Harry Markowitz

Harry Max Markowitz (August 24, 1927 – June 22, 2023) was an American economist of Jewish descent. He received the 1989 John von Neumann Theory Prize and the 1990 Nobel Prize in Economics.

Harry Markowitz
Born	(1927-08-24)August 24, 1927 Chicago, Illinois, USA
Died	June 22, 2023(2023-06-22) (aged 95)
Nationality	United States
Institution	Harry Markowitz Company Rady School of Management at the University of California at San Diego Baruch College of the City University of New York RAND Corporation Cowles Commission
Field	Financial economics
School or tradition	Chicago School of Economics
Alma mater	University of Chicago, (PhD)
Contributions	Modern Portfolio Theory Efficient/ Markowitz Frontier Sparse Matrix Methods SIMSCRIPT
Awards	John von Neumann Theory Prize (1989) The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (1990)
Information at IDEAS / RePEc

Early life

Markowitz was born on August 24, 1927 in Chicago, Illinois.^[1] He studied at the University of Chicago.

Career

Markowitz was a professor of finance at the Rady School of Management at the University of California, San Diego (UCSD). He is best known for his pioneering work in Modern Portfolio Theory, studying the effects of asset risk, return, correlation and diversification on probable investment portfolio returns.

Markowitz won the Nobel Prize in Economics in 1990.

Death

Markowitz died from pneumonia and sepsis, in San Diego, California, on June 22, 2023, at the age of 95.^[2]