Lloyd S. Shapley, Professor Emeritus of the University of California at Los Angeles and son of to distinguished 20th century astronomer Harlow Shapley, has won the 2012 Nobel Prize in Economics, sharing the prize with Alvin E. Roth of Harvard University, currently a visiting professor at Stanford University. Alvin Roth, from 1982 to 1998, served as Andrew W. Mellon Professor of Economics at the University of Pittsburgh.
While his father, Harlow Shapley, was best known for determining the correct position of the Sun within the Milky Way Galaxy, it is less well known that Harlow Shapley actively promoted amateur astronomy. Harlow Shapley was one of the founders of the Astronomical League, a national organization for amateur astronomers. Early organizing meetings for the League, including a meeting at Pittsburgh's original Buhl Planetarium and Institute of Popular Science in the Summer of 1940, occurred just prior to World War II. However, the War delayed formal establishment of the League until 1947.
Harlow Shapley also supported planetaria and science museums. While Director of the Harvard College Observatory, he delivered the keynote address at the dedication of the rare 10-inch Siderostat-type Refractor Telescope at Pittsburgh's original Buhl Planetarium and Institute of Popular Science on 1941 November 19.
The following article talks about the 2012 Nobel Prize in Economics won by Lloyd S. Shapley and Alvin E. Roth.
Nobel Prize Economics 2012: Nobel Prize for economics goes to American scholars
Updated at 02:49 PM today
October 15, 2012 (STOCKHOLM) -- Two American scholars won the Nobel economics prize Monday for work on match-making - how to pair doctors with hospitals, students with schools, kidneys with transplant recipients and even men with women in marriage.
Lloyd Shapley of UCLA and Alvin Roth, a Harvard University professor currently visiting at Stanford University, found ways to make markets work when traditional economic tools fail.
Shapley, 89, came up with the formulas to match supply and demand in markets where prices don't do the job; the 60-year-old Roth put Shapley's math to work in the real world.
More - Link >>> http://abclocal.go.com/wls/story?section=news/national_world&id=8848064
Lloyd S. Shapley - Link >>> http://en.wikipedia.org/wiki/Lloyd_Shapley
Alvin E. Roth - Link >>> http://en.wikipedia.org/wiki/Alvin_E._Roth
Harlow Shapley - Link >>> http://buhlplanetarium.tripod.com/#hshapley
The Astronomical League - Link >>> http://www.astroleague.org/
10-inch Siderostat-type Refractor Telescope of Pittsburgh's original Buhl Planetarium and Institute of Popular Science - Link >>> http://buhlplanetarium2.tripod.com/
More on Harlow Shapley --
The 1920 Great Debate on the Scale of the Universe
Link >>> http://buhlplanetarium2.tripod.com/bio/greatdebate.html
Harlow Shapley and Buhl Planetarium Assist in Creation of the Astronomical League
Link >>> http://buhlplanetarium4.tripod.com/AstroLeague.html
Sources: Associated Press, ABC News, WLS-TV 7 Chicago, Wikipedia.org , The Astronomical League, Friends of the Zeiss.
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