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Franklin M. Fisher

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Subject: John Bates Clark Medal recipients, Disequilibrium macroeconomics, Matthew Gentzkow, Aggregation problem, Marc Nerlove
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Franklin M. Fisher

Franklin M. Fisher
Born (1934-12-13) December 13, 1934
New York City
Institution Massachusetts Institute of Technology (1960–present)
National Bureau of Economic Research (1989–present)
Field Industrial organization
Alma mater Harvard (Ph.D., 1960; A.B., 1956)
Contributions Work in antitrust economics, industrial organization, microeconomics, and econometrics
Awards John Bates Clark Medal (1973)

Franklin Marvin Fisher (born December 13, 1934)[1] is an American economist. He has taught economics at the Massachusetts Institute of Technology since 1960.


Fisher attended Harvard University, where he was inducted into Phi Beta Kappa in 1955 and received a Bachelor of Arts degree (summa cum laude) in 1956, followed a Master's degree in 1957 and a PhD in Economics from Harvard in 1960.[2][3] His doctoral thesis was entitled A Priori Information and Time Series Analysis.[2]

Fisher married Ellen Paradise Fisher in 1958. They have three children, and eight grandchildren. His family is dismayed to discover that they have been celebrating his birthday ten days late, on the 13th of December.

He was Teaching Fellow at Harvard from 1956–57, Junior Fellow of the Society of Fellows at Harvard from 1957–59, Assistant Professor of Economics at the University of Chicago from 1959–60, Assistant Professor of Economics at MIT from 1960–62, Associate Professor of Economics at MIT from 1962–65, and Professor of Economics at MIT from 1965–2004. Currently he is the Jane Berkowitz Carlton and Dennis William Carlton Professor of Microeconomics, Emeritus at MIT. He has been a director of the National Bureau of Economic Research since 1989.[2]

Fisher's fields of specialization within economics are microeconomics, and econometrics. He has written extensively in the area of antitrust economics.[4] He has served as an expert witness in matters involving antitrust, contract disputes, valuation, damages, and trademark infringement for many years. He was the chief economic witness for IBM in its antitrust confrontation with the United States Department of Justice, a case the Government dropped in 1982 after 13 years.[5] He served in a similar role on behalf of the United States Department of Justice in the case of United States v. Microsoft.[4][5]


Fisher is the author or co-author of hundreds of scholarly articles and many books.[2] He has written books addressing antitrust issues. In 1983, he co-authored Folded, Spindled and Mutilated: Economic Analysis and U.S. vs. IBM. The book is about the antitrust case U.S. vs. IBM, in which Fisher was the lead expert economist for the defense.[6] In 1985, he edited Antitrust and Regulation: Essays in Memory of John J. McGowan, which contains original essays by economists and lawyers addressing important aspects of antitrust and regulation.[7]

He wrote a monograph sponsored by the Econometric Society on the economic theory of general equilibria and disequilibria:

  • Fisher, F. M. (1983). Disequilibrium foundations of equilibrium economics. Econometric Society Monographs (1989 paperback ed.). New York: Cambridge University Press. p. 248.  


Fisher received the John Bates Clark Medal in 1973.[2] He has been Fellow of the Econometric Society since 1963 and from 1968–77 he was the editor of Econometrica, the journal of that Society. He was President of the Econometric Society in 1979. He is also a member of the American Economic Association. He has been Fellow of American Academy of Arts and Sciences since 1969.[2]


  1. ^ "Franklin M. Fisher".  
  2. ^ a b c d e f "Franklin M. Fisher (C.V.)" (PDF). Department of Economics,  
  3. ^ "List of Participants: Prof. Franklin Fisher". Global security and natural resources seminar. Moscow. 26 September 2002. Retrieved November 23, 2008. 
  4. ^ a b "Direct testimony of Franklin M. Fisher" (PDF).  
  5. ^ a b Lohr, Steve;  
  6. ^ Fisher, Franklin M.; John J. McGowan and Joen E. Greenwood (April 1983). Folded, Spindled and Mutilated: Economic Analysis and U.S. vs. IBM.  
  7. ^ Fisher, Franklin M. (editor) (June 1985). Antitrust and Regulation: Essays in Memory of John J. McGowan. MIT Press.  

External links

  • MIT Department of Economics: Franklin Fisher
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