Archive for the 'MIT Economics Department' Category

Bullying and plagiarism by profs are same thing in Russia Plagiarism Files

August 21, 2009

http://www.timesonline.co.uk/tol/news/uk/crime/article6805567.ece

The court heard that Houghton had waged a string of verbal and physical attacks on Miss Moore since the pair were 14 and District Judge Bruce Morgan told her: “Since Emily Moore was 14 you have waged compelling threats and violent abuse towards her.

“Bullies are by their nature cowards, in school and society. The evil, odious effects of being bullied stay with you for life. On this day you did an act of gratuitous nastiness to satisfy your own twisted nature.”

Houghton, of Malvern in Worcestershire, had two previous convictions relating to her vendetta against Miss Moore. In 2005 she was convicted of assaulting her as she walked home from school and was subsequently expelled.

The bullying makes no sense at one level, but make sense in other contexts.  The bully does it out of habit and the way they are, whether by nature or nurture.  Society then lets them get away with more and more and doesn’t treat it as the real harm it is.  Note the method of pretending they are the friend described in the article.  This approach is common in academia and elsewhere.

Paul Samuelson plagiarism “public good”

http://press.princeton.edu/chapters/i1_7521.html

Edmund Phelps, Insider-Economists’ Insider

Introduction by PAUL A. SAMUELSON

Thus, my much-cited 1969 paper on optimal intertemporal portfolio programming opportunistically used the Bellman-Beckman-Phelps recursive techniques to analyze what defines the best qualitative asset-portfolio mix of the Phelps 1962 aggregate saving. It was not plagiarism but it was horning in on a created public good there for the taking.

No it wasn’t.  It was Nils Hakansson’s Ph.D. thesis at UCLA.  It was not a public good for horning in.  Paul Samuelson got an NSF grant for his horning in.

http://www.hakansson.com/

http://www.hakansson.com/nils/Dissertation.pdf

MIT had the thesis by 1966 because a professor there, Karl Shell, chaired the session at which Hakansson presented it.  It was one of the top theses of all time in economics and caused a sensation in the profession.  It was not a public good at all.  Public good has an ironic meaning when Samuelson get an NSF grant for his 1969 “horning in”.

http://blogs.wsj.com/economics/2009/04/09/prof-summers-a-lesson-from-prof-bernanke/

By David Wessel

Asked about the economics of implementing a cap-and-trade approach to climate change at an Economic Club of Washington event today, White House economic adviser Larry Summers deliberately sought to avoid saying anything newsworthy. Instead, he cited a Massachusetts Institute of Technology Ph.D. thesis written in 1979 by a then-young economist named Ben Bernanke, now, of course, chairman of the Federal Reserve.

http://news-libraries.mit.edu/blog/bernanke-thesis-available/156/

Bernanke cites the Samuelson 1969 paper in his thesis.

http://dspace.mit.edu/bitstream/handle/1721.1/29839/05915220.pdf;jsessionid=F6535BEB64E73E0150C398D6A48A8B55?sequence=1

Page 149 of thesis cites Samuelson but in the citations, Hakansson does not appear.

Stanley Fischer in his 1989 textbook credits Samuelson 1969 and mentions Hakansson not at all.

Hypothesis:

The bullying described by the judge is exactly how Paul Samuelson, Stanley Fischer and the others at MIT treated Nils Hakansson from 1969 to present.  They have bullied him repeatedly.  The judges words describe Paul Samuelson’s actions towards Nils Hakansson.  The others went along with it.

This is what gave Russia leverage over Larry Summers to get the low interest rate loans fro the IMF.  This is why LTCM and other hedge funds bought Russian government bonds, based on their knowledge of this history of bullying.  It was bullying in printed publications of the major institutions of society which control the credentials of the elites which made it far more harmful than Facebook.

Nils Hakansson was not even made a Fellow of the Econometric Society.  So many at MIT in 1969 were made Fellows even though they did nothing of comparable worth.

http://oldatlanticlighthouse.wordpress.com/russias-plagiarism-files/

Hypothesis:

Summers is still continuing the bullying.  But now he is trying to intimidate those who know from coming forward.  Summers is also bullying Assistant US Attorney Sara Miron Bloom not to investigate what is now on the Internet.  Summers is doing this with Obama’s knowledge very likely.  This includes bullying and intimidating the staff of DOJHQ, Federal Reserve, US Treasury, FBI, etc.  They are all being bullied by Summers and Obama and Nation of Cowards Attorney General Eric Holder.

http://ptonline.aip.org/journals/doc/PHTOAD-ft/vol_61/iss_9/47_1.shtml

Thomas C. Reed September 2008, page 47

One important “pupil” who paid Fuchs an early visit was Qian Sanqiang. In 1959 Qian was the designated mastermind of Mao’s A-bomb program. In July of that year, Qian made his way to East Germany, where he met with Fuchs at length. (H. Terry Hawkins, now a senior fellow at Los Alamos, told Stillman in 2006, “I read this report in an unclassified publication, that this meeting took place shortly after Fuchs returned to East Germany. Fuchs gave Qian information that greatly assisted the Chinese program.” Also see http://www.oldatlanticlighthouse.wordpress.com/category/klaus-fuchs.) During those long summer days of 1959, Fuchs gave Qian a full tutorial on the design and operation of Fat Man. In all likelihood, he also added his thoughts on the role of radiation pressure in thermonuclear weapons.

Holder, Obama and Summers know AIP has linked to this blog on this.  They know they are facing investigation for this.  They are using bullying to keep the DOJ staff and FBI staff from investigating this.

Joel Brenner talk mentions Russia’s intense effort towards end.

http://www.c-span.org/Watch/Media/2007/03/29/HP/A/6196/ABA+Speech+on+Counterintelligence+Threats.aspx

http://www.reuters.com/article/latestCrisis/idUSN29426639

“But he said Moscow appears less interested in U.S. commercial and military technology than other countries”

http://www.npr.org/templates/story/story.php?storyId=10785968

http://nationalstrategy.com/Programs/NationalStrategyForumReview/SpringSummer2009NSFROnlineJournal/FeatureEssayEconomicandIndustrialEspionage/tabid/189/Default.aspx

http://www.ncix.gov/publications/speeches/ABAspeech.pdf

The above is all hypotheses and should be restated as that if not already.  This is speculation.  Comments and corrections welcome.  This is draft and preliminary.  All other disclaimers apply.

WaPo: “Russia Seeks More Control At Academy Of Sciences”

March 13, 2007

=Original WaPo Article:

“Russia Seeks More Control At Academy Of Sciences”

By Peter Finn
Washington Post Foreign Service
Tuesday, March 13, 2007; Page A01

“MOSCOW — The historic autonomy of the Russian Academy of Sciences, which has pioneered fundamental research in Russia since its founding by Peter the Great three centuries ago, is under threat from government proposals to bring the institution under much tighter state control and end its academic…”

“This is really a war,” Alexander Nekipelov, vice president of the academy, said in an interview at the institution’s august administrative headquarters, a czarist palace on Moscow’s Leninsky Prospekt. “I am sure we are going to win it, but of course we cannot help being worried by the situation.”

Members of the academy, which in 1980 defied Soviet demands that it expel dissident physicist Andrei Sakharov, view the plan as part of a broader trend of increased official control over key parts of Russian society.

==

The Academy of Sciences helps Russian intelligence analyze plagiarism and the interplay between academic and political corruption in the West. This started with Kapitza analyzing plagiarism by Dirac and Niels Bohr being made a Fellow of the Royal Society in 1926 to keep quiet about it. Rutherford was president of the Royal Society and his son-in law Fowler was helping Dirac.

==

Putin became head of FSB in July 1998 and may have gotten in on looting a 4.8 billion IMF loan. This may have involved kompromat on US econ profs Stanley Fischer at IMF and Larry Summers at US Treasury.

Russia may have had academic kompromat files on them for decades including possibly plagiarism by Fischer in his 1969 Ph.D. thesis at MIT in which Samuelson the uncle of Summers was involved.

Putin may want to control the academy because his money comes from it and because Berezovsky and Yeltsin were using this in the 1990′s to get IMF loans. Putin’s participation in this scheme is how he became President of Russia.

Thus the Academy is key to the truth about how he got his money and his power. They have reputation control to expose this and he wants control over them to keep them under control. The above is all speculation and a hypothesis.

==

quote During Soviet days, the academy also repeatedly denied membership to leading Communist Party members on grounds that they lacked scientific credentials. end quote.

quote In November 1945 refused to work on nuclear weapons development under Beria, and in 1946 was dismissed from his posts as director of the Institute for Physical Problems and head of Glavkislorod, and resided at his country house until after Stalin’s death and Beria’s arrest in 1953. He conducted there original research on high-power electronics. In January 1955 Kapitza returned to the post of director of the Institute. end quote RAS bio on Kapitza.

http://kapitza.ras.ru/history/PLKapitza/main.html

Beria sent him a shotgun as a present, but Stalin let Kapitza live and stay at his house. One book says Kapitza should have been killed for what he did. Kapitza lived a long time until 1984.

Kapitza’s was Rutherford’s assistant in 1925 and knew of the plagiarism and coverup including making Bohr a Fellow of the Royal Society.

This gave Kapitza and the Acad of Sci USSR independence of the Party. Even in the 1980′s, they had this as leverage over Teller and Bethe, both of whom didn’t tell this when Fuchs was arrested or at the Oppenheimer security hearings in April 1954. Born the victim got the Nobel in fall 1954.

==

c. 1994, Sudoplatov refers to Kapitza in his book as Rutherford’s assistant. This is what got Bethe and the others scared to denounce the Sudoplatov book, not just the accusations on Oppenheimer, Fermi, and Szilard.

It was in 1995, they got the big IMF loans from profs Fischer and Summers. They were using the accusations on the physicists to scare the econ profs into giving them money. In Russian physics journal(s), they also pushed Kapitza to remind the Americans.

Putin got in on this with Berezovsky and Yeltsin in 1998 as head of FSB when they got more IMF loans and stole them for themselves. Because the Academy has used its knowledge since 1946 to be independent, even against Stalin and Beria, Putin has to get control over them now before the presidential election where he turns over power.

Putin wants to keep his money and keep the Academy from using this as leverage for its own benefit, as it has in the past. Even in the 1930′s, during the purges, Kapitza used this to demand Landau be released from prison. So Putin is trying to control this independence that the Academy has used even under Stalin from its keeping the plagiarism files on US profs. The above is all speculation.

==
“Members of the academy, which in 1980 defied Soviet demands that it expel dissident physicist Andrei Sakharov,”

Kapitza was alive and still a witness against Bethe and Teller. Teller was a key person in SDI in the 1980′s which gave Kapitza leverage until 1984 to protect Sakharov.

==
Comments WaPo

http://www.washingtonpost.com/ac2/wp-dyn/comments/display?contentID=AR2007031201603

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Above is all speculation and hypotheses.  All statements should be restated as questions.  All other disclaimes apply.

The Right Way to Manage U.S. Attorneys

March 10, 2007

“The actions of an appointed U.S. attorney must be totally off-limits to questions from the White House or anyone in Congress.” from Abbe David Lowell Saturday, March 10, 2007; Page A19.

A discussion of whether Bush is trying to influence the Tom Delay, Jack Abramoff, and Libby investigations or to intimidate Assistant US Attorney Sara Bloom at the USAO Mass from reopening the Harvard investigation follows. This are in response to the article by Abbe Lowell on the US Attorney firings.

==

The following is all hypotheses and speculation. All statements should be restated as questions. All other
disclaimes apply.
Comments at WaPo

http://www.washingtonpost.com/ac2/wp-dyn/comments/display?contentID=AR2007030901752&start=1

==

Assistant US Attorney Sara Bloom of USAO Mass is the real target of intimidation? Because Russia used kompromat to get loans from Clinton admin and Bush knew thay by the time of Bush v. Gore? In July 1998, Putin became head of FSB and Russia got another 4.8 billion in IMF loans.

But the money was taken from the bank accounts of the Russian govt to the personal accounts of the leaders. (Note the IMF disputes this in part and had an audit done and claimed equivalent amounts of money from other Russian government controlled accounts were used.) So the Russian government defaulted on Russian govt debt in Aug 98 since the money was not in the govt bank accounts.

Russia 4.8 billion IMF site:imf.org

Russia 4.8 billion IMF

A discussion of some of the IMF Russia and Asia transactions that is more technical is here.

Two professors, Larry Summers and Stanley Fischer had control over the IMF loans to Russia. Putin and the oligarchs and FSB had decades of files on academic kompromat some of it linked to Fischer’s 1969 Ph.D. thesis and an NSF grant involving Paul Samuelson, Summers’ uncle.

The KGB in 1972 at an econ conference in Warsaw may have used this incident and others to try to pressure Samuelson and Arrow, also uncle of Summers to nominate Kantorovich of the USSR for the Nobel in econ.

This was all possibly hid from USAO Mass from 1997 to 2005 by Clinton admin and then Bush. Did Bush use it during Bush v. Gore to make Gore go away? Gore turned down the presidency of Harvard. Did Marc Rich know this? Libby and Wolfowitz? Jacob Wolfowitz likely knew of the 1969 and 1972 incidents.

The above is speculation.

http://www.washingtonpost.com/ac2/wp-dyn//comments/display?contentID=AR2007030901752&start=1⊂=AR

Job Offer to Stanley Fischer from Putin in 2001:

http://www.globalpolicy.org/socecon/bwi-wto/imf/2001/russiaimf.htm

quote Russia Restores Ties with IMF BBC News June 19, 2001 For his part, Mr Putin complimented Mr Fischer, who plans to step down from his IMF role before the end of the year. He also offered him a job. We are always glad to see you in our country, said Mr Putin. If you would like to move from the IMF to Moscow, we can look at various options. end quote.

Putin likely got in on the July 1998 4.8 billion pot of money. So he was protecting his money at this point. After Fischer was hired by Israel in Jan 2005, Putin did an arms deal with Syria and then Iran. Israel and Bush kept quiet. The SVR and FSB are professionals at intimidation. Follow the money. Follow Putins money.
==
search “In Honor of Edmund S. Phelps ” plagiarism

quote Thus, my much-cited 1969 paper on optimal intertemporal portfolio programming opportunistically used the Bellman-Beckman-Phelps recursive techniques to analyze what defines the best qualitative asset-portfolio mix of the Phelps 1962 aggregate saving. It was not plagiarism but it was horning in on a created public good there for the taking. end quote Paul Samuelson.

http://press.princeton.edu/chapters/i7521.html

from Preface Knowledge, Information, and Expectations in Modern Macroeconomics:
In Honor of Edmund S. Phelps
Edited by Philippe Aghion, Roman Frydman, Joseph Stiglitz, and Michael Woodford. Its on line.

Note the text was removed from above link after being posted with this link.

But it can be seen with Google inside:

http://books.google.com/books?vid=ISBN0691094853

If you type the word plagiarism into the search, you get part of the passage quoted above.  Click on page 1 and scroll down.  This link brings it up:

http://books.google.com/books?id=5yC9Z5q6NmkC&pg=PA1&vq=plagiarism&sig=pyJGziu75ir5psgGewgQai61M1c

Fischer’s thesis was part of the same 1969 events. Samuelson and Merton got NSF grants for their 1969 papers. But it was already in part in the 1966 Nils Hakansson Ph.D. thesis that MIT had a copy of in 1966. Fischer got his US citizenship from his thesis. Above is speculation.

http://www.amazon.com/gp/reader/0691094853/ref=sib_dp_pt/103-8618326-6380625#reader-link
==
search Wolfowitz site:nobelprize.org

Engle Nobel autobio shows Jacob Wolfowitz, Paul’s father was part of this small world in 1969.quote I took Kiefer’s probability and Wolfowitz’s statistics. I was extremely happy. … We married on August 10, 1969. On that day, I turned in my dissertation, received my Ph.D. and we left Cornell for good to take my first academic job at MIT. …
… Many of my students from that time have gone on to do quite well themselves: Larry Summers, …
Frank Fisher, Bob Solow, and Jerry Rothenberg encouraged me to join them on a new project to build a model of the city of Boston. …end quote.
quote Robert M. Solow – Autobiography
So, in 1949-50, I spent a fellowship year at Columbia University, in the lectures of Abraham Wald, Jacob Wolfowitz and T.W. Anderson, along with my fellow … end quote. Solow Nobel Prize autobio.

Solow was on one of the Ph.D. committees of Merton and Stanley Fischer at that time. This was one little world and Russia knew this to use it at the 1972 Warsaw econ conference to pressure Arrow and Samuelson to nominate Kantorovich of the USSR for the 1975 Nobel Prize in economics. Above is speculation.

==

Paul Wolfowitz was Jacob Wolfowitz’s son and signed the 1998 PNAC letter to make regime change in Iraq part of US goals. Clinton was impeached in fall of 1998 and signed the Iraq Liberation Act in October 1998. At the same time there were hearings into IMF loans for Russia, LTCM bailout, etc.

Robert C. Merton was part of LTCM which bought Russian bonds in Aug 98 betting the IMF would have to bail Russia out. But the money was put into the personal bank accounts of the leaders so it wasn’t there to pay Russia’s bonds, so it defaulted. LTCM went belly up and Congress investigated why the Fed helped arrange a bailout.

The USAO Mass had already started investigating Harvard and Russia and Clinton profs like Larry Summers in spring 1997. If Jacob Wolfowitz had revealed this at that time, Clinton might have been removed from office and this would have become part of the ongoing investigations of Clinton more closely. This could be used again during Bush v. Gore, the USAO Mass was still investigating, in fact to August 2005. The above is all speculation.

http://nobelprize.org/nobel_prizes/economics/laureates/2003/engle-autobio.html

==

http://www.washingtonpost.com/wp-dyn/content/article/2005/12/30/AR2005123001480_pf.html

The DeLay-Abramoff Money Trail
Nonprofit Group Linked to Lawmaker Was Funded Mostly by Clients of Lobbyist

quote Two former Buckham associates said that he told them years ago not only that the $1 million donation was solicited from Russian oil and gas executives, but also that the initial plan was for the donation to be made via a delivery of cash to be picked up at a Washington area airport.

One of the former associates, a Frederick, Md., pastor named Christopher Geeslin who served as the U.S. Family Network’s director or president from 1998 to 2001, said Buckham further told him in 1999 that the payment was meant to influence DeLay’s vote in 1998 on legislation that helped make it possible for the IMF to bail out the faltering Russian economy and the wealthy investors there.

“Ed told me, ‘This is the way things work in Washington,’ ” Geeslin said. “He said the Russians wanted to give the money first in cash.” Buckham, he said, orchestrated all the group’s fundraising and spending and rarely informed the board about the details. Buckham and his attorney, Laura Miller, did not reply to repeated requests for comment on this article.

The IMF funding legislation was a contentious issue in 1998. The Russian stock market fell steeply in April and May, and the government in Moscow announced on June 18 — just a week before the $1 million check was sent by the London law firm — that it needed $10 billion to $15 billion in new international loans.

House Republican leaders had expressed opposition through that spring to giving the IMF the money it could use for new bailouts, decrying what they described as previous destabilizing loans to other countries. The IMF and its Western funders, meanwhile, were pressing Moscow, as a condition of any loan, to increase taxes on major domestic oil companies such as Gazprom, which had earlier defaulted on billions of dollars in tax payments.

On Aug. 18, 1998, the Russian government devalued the ruble and defaulted on its treasury bills. But DeLay, appearing on “Fox News Sunday” on Aug. 30 of that year, criticized the IMF financing bill, calling the replenishment of its funds “unfortunate” because the IMF was wrongly insisting on a Russian tax increase. “They are trying to force Russia to raise taxes at a time when they ought to be cutting taxes in order to get a loan from the IMF. That’s just outrageous,” DeLay said. end quote

By R. Jeffrey Smith
Washington Post Staff Writer
Saturday, December 31, 2005; A01

search Russia IMF july 1998 site:washingtonpost.com

http://www.nationalbanken.dk/C1256BE9004F6416/side/Report_and_Accounts_1998/$file/kap08_01.htm
==

If Russia was bribing Tom Delay, they weren’t using academic kompromat at the same time? This was a big time operation of the Russian goverment to get these IMF loans. They were bribing Tom Delay through Jack Abramoff and at the same time there were pressuing Larry Summers at US Treasury and Stanley Fischer at IMF based on the academic kompromat trail that stretches back to the 1920′s and includes the same methods used to help gain atomic know-how.

Putin was head of FSB in July 1998. This was partly his operation. That is why he became President of Russia, he was part of this. That’s why Berezovsky and Yeltsin trusted him.

They were pushing all buttons at once and that didn’t just include bribing Tom Delay but also pushing academic kompromat buttons. That was while USAO Mass was investigating Harvard from 1997 and questioning Summers on his relationship to Shleifer.

Paul Wolfowitz and the neocons knew the Clinton profs and Harvard were concealing this history from the USAO Mass investigation. They got the Iraq Liberation Act during the Clinton impeachment. Then used this during Bush v. Gore to influence Scalia and then make Gore go away. Scalia has had econ Ph.D./JD clerks from the schools involved from the 1990′s to now. The links are all over the place. The above is speculation.

==

Bush is trying to intimidate the investigation of Tom Delay and Jack Abramoff, of Marc Rich, and of other investigations that may link to this. Bush is trying to keep Assistant US Attorney Sara Bloom from reopening the Harvard investigation into whether Bush’s team knew this in 1998 and formed a conspiracy to keep this information from USAO Mass and use it to pressure Clinton admin figures for the 1998 Iraq Liberation Act and then later during Bush v. Gore. Above is speculation.

==

Bush was not a US government employee prior to Jan 20, 2001. Nor were the others during these incidents. If they formed an agreement as non US government employees to keep this information from the USAO Mass office, that was a conspiracy to obstruct justice and to conceal espionage by Russia against the United States. That is what this is about. That is why they put into the Patriot Act that they could appoint interim US Attorneys. They had this problem from before 9-11. The above is speculation.

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The above is all hypotheses and speculation. All statements should be restated as questions. All other disclaimes apply.

Milton Friedman Lost Witness on Russia’s Plagiarism Files

November 16, 2006

“SAN FRANCISCO — Milton Friedman, the Nobel Prize-winning economist who advocated an unfettered free market and had the ear of three U.S. presidents, died Thursday at age 94.”

Questions Friedman might have answered on Russia’s Plagiarism Files and use of plagiarism.

1. Was Koopmans a communist or spy?

2. Was there plagiarism involving Andrew D. Roy a victim in 1952 at U Chicago. Was Roy work being given to Markowitz?

3. Was Milton Friedman the one who told Alfred Cowles this was happening?

4. Is that why Cowles had the Managing Editor of Econmetrica resign and move the editorial office to Northwestern?

5. Was pressure used by the Soviets on plagiarism to get nominations for Kantorovich and Koopmans for the 1975 Nobel Prize 1 year ahead of Friedman.

6. Why did Friedman have a feud with Koopmans that he was still writing about in his 1998 autobio.

7. This was written about in a recent book by Martin J. Beckman who was at Cowles Commission around 1952. Beckman takes the side of Koopmans, who is dead. Why are Friedman and Beckmann still fighting this in 1998 and the 2000′s? Is it because Russia used this to pressure low interest rate loans in the 1990′s from Stanley Fischer at IMF and Larry Summers at Treasury, a nephew of Arrow and Samuelson?

8. Stanley Fischer was hired at UChicago in 1969 from MIT. Did they think he had plagiarized Nils Hakansson?

9. Did Richard Posner as a U Chicago prof know of this in the 1970′s?

10. Was Eric Posner given tenure at U Chicago in 1998 as an attempt to influence Judge Posner not to tell this to the FBI or USAO Mass? (speculation of course)

11. Did Russia use pressure to get IMF loans in the 1990′s based on this?

12. Was this info passed to the US Supreme Court during Bush v. Gore to influence the vote against Gore? (this would be hearsay from Friedman)

13. Did they know in the 1950′s that Russia had used plagiarism to help get Klaus Fuchs into Los Alamos and to pressure Niels Bohr to try to influence Churchill and Roosevelt to give the bomb secret to the Soviets?

14. Did Paul A. Samuelson on the Council of the Econometric Society in 1952 know the true story about the Managing Editor of Economerica resigning, along with the editorial Secretary, and the editorial office being moved?

15. Harry Markowitz didn’t receive his Ph.D. until Sep 1955 Quarter, the first date after the Cowles Commission left University of Chicago in July 1955. Was this because Alfred Cowles wouldn’t let Markowitz get his Ph.D.? Or was it someone at Cowles like Koopmans?
Above is speculation not assertions.

16. Markowitz admitted that he didn’t do the formulas of “algebraic simplicity” and “wide acclaim” taught to MBA students and in textbooks in 1987, 3 years before he got the Nobel Prize with the press release using exactly those words. Why did the Press Release use these words? Why are MBA students taught that Markowitz did those formulas and not Roy when Markowitz himself admits Roy did them and that he Markowitz did not?

17. Markowitz thanks Kenneth Arrow in 1955 for giving him the idea of what his thesis at UChicago was, an algorithm for mean variance optimization with short sale constraints. Wolfe did this too at about the same time. These were published in the Naval Research Logistics Quarterly c. 1956. Jacob Wolfowitz, also published in that journal.

18. The Markowitz article was published in March 1952 in Journal of Finance, a second rate journal edited at U Chicago business school. This Markowitz article contained no important formulas as results, just a graph to illustrate mean variance choice with short sale constraints. There is no formula even today for that, just an algorithm. The Roy article was published in July 1952 in Econometrica, the top journal in econ, in July 1952. Econometrica was also edited at U Chicago, in effect by the Cowles Commission. The Roy article did mean variance choice without short sale constrainst and got the formula solutions taught to MBA’s and in textbooks today that are credited to Markowitz. Jacob Wolfowitz wrote the article after Roy’s in the July 1952 issue. Did Wolfowitz know why the managing editor resigned?

19. Did Jacob Wolfowitz tell this to Paul Wolfowitz before Jacob died in 1981?

20. There are many ties from Jacob Wolfowitz to MIT econ in 1969, the year that Robert C. Merton, Paul A. Samuelson, and Stanley Fischer duplicated in part the 1966 UCLA thesis of Hakansson. These include Robert Engle, Robert Solow, and others. Search on Jacob Wolfowitz in the Nobel Prize site.

21. Did Valery Makarov put pressure on US profs at the 1972 Warsaw economics conference? Attendees included Martin Weitzman, then at MIT, now at Harvard, William A. Brock, Martin J. Beckmann and othes.

These are questions, speculation, hypotheses or opinion. All other disclaimers apply.

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