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Thomas Schelling

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Thomas Schelling

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Also known as Thomas Crombie Schelling, Thomas C. Schelling

American economist (1921-2016)

AI overview

Thomas Schelling was an American economist who developed influential theories about conflict, negotiation, and strategic decision-making, particularly in the context of the Cold War. His work on how adversaries can communicate and reach agreements despite conflicting interests has had lasting impact on economics, international relations, and policy-making.

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Person · Open Library

Works
1

Top works

  • The Strategy of Conflict in Governance
  • National Income Behavior

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Music · MusicBrainz

Type
Person
Country
US
Active from
1876-07-26
Active to
1939-12-08

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Total plays
5

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Quotes

  • The essence of these tactics is some voluntary but irreversible sacrifice of freedom of choice. They rest on the paradox that the power to constrain an adversary may depend on the power to bind oneself; that, in bargaining, weakness is often strength, freedom may be freedom to capitulate, and to burn bridges behind one may suffice to undo an opponent.
  • By "market" is meant the entire complex of institutions within which people buy and sell and hire and are hired and borrow and lend and trade and contract and shop around to find bargains.
  • There is a distinction between an individual life and a statistical life. Let a 6-year-old girl with brown hair need thousands of dollars for an operation that will prolong her life until Christmas, and the post office will be swamped with nickels and dimes to save her. But let it be reported that without a sales tax the hospital facilities of Massachusetts will deteriorate and cause a barely perceptible increase in preventable deaths—not many will drop a tear or reach for their checkbooks.
  • The most spectacular event of the past half century is one that did not occur. We have enjoyed sixty years without nuclear weapons exploded in anger.
  • Arms control is so often identified with limitations on the possession or deployment of weapons that it is often overlooked that this reciprocated investment in non-nuclear capability was a remarkable instance of unacknowledged but reciprocated arms control.
  • The next possessors of nuclear weapons may be Iran, North Korea, or possibly some terrorist bodies. Is there any hope that they will have absorbed the nearly universal inhibition against the use of nuclear weapons, or will at least be inhibited by the recognition that the taboo enjoys widespread acclaim?

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Wikidata facts

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Thomas Schelling .png
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Commons category
Thomas Schelling
date of birth
1921-04-14
date of death
2016-12-13
name in native language
Thomas Crombie Schelling
Sources (10)

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Article

Thomas Crombie Schelling (April 14, 1921 – December 13, 2016) was an American economist and professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at the University of Maryland, College Park. He was also co-faculty at the New England Complex Systems Institute.

Schelling was awarded the 2005 Nobel Memorial Prize in Economic Sciences (shared with Robert Aumann) for "having enhanced our understanding of conflict and cooperation through game theory analysis."

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