Oskar Morgenstern (1902–1977), Economist.

© Austrian National Library

Oskar Morgenstern is an Austrian-born economist. He studied political science and later taught economics at the University of Vienna. In 1938, Morgenstern left Austria and became a member of the faculty at Princeton University, where he joined the mathematician John von Neumann. Together they wrote the Theory of Games and Economic Behavior, published in 1944, which is recognized as the first book on game theory. The collaboration between Morgenstern and von Neumann led to the birth of entirely new areas of investigation in both mathematics and economics. In 1944, Morgenstern also became a United States citizen. He remained at Princeton as a professor of economics until his retirement in 1970, at which time he joined the faculty of New York University. Morgenstern wrote numerous articles and books, including Predictability of Stock Market Prices with subsequent Nobel laureate Clive Granger.