Lester initiated the "Marginalism" controversy with a famous 1946 study of entrepreneurial motives, which provoked Machlup's (1946) and Stigler's (1947) defense of marginalist theory. Annette Bernhardt, Martina Morris, Mark S. Handcock and Marc A. Scott. There was an error retrieving your Wish Lists. He was a high-school athlete and musician and was a member of the National Youth Orchestra of Great Britain (1969–72). He also made contributions to the field of nuclear waste management, introducing the nation's first graduate course on this subject, serving on the National Academy of Sciences’ Board on Radioactive Waste Management, and publishing (with co-author Mason Willrich), Radioactive Waste: Management and Regulation (Free Press, 1978). During the mid-1980s he led a study of the role of innovative nuclear power technologies in restoring the economic viability and social acceptability of nuclear power in the United States and elsewhere. As such, one can argue that Lester initiated "behavioral" theories of the firm. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Lester served as an instructor at Princeton (1934-38), and returned as Associate Professor and Research Associate of the Industrial Relations Section in 1945. ISBN: 978-0-190-87616-6. by Richard Allen Lester (Author) See all 4 formats and editions Hide other formats and editions. -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. Richard A. Lester's ties with Princeton and the Industrial Relations Section began in 1929, when he enrolled as a graduate student in economics. Richard Allen Lester, an economist who specialized in wage and labor issues, and a dean of the faculty, emeritus, at Princeton University, died on Tuesday at his home in Hightstown, N.J. "Shortcomings of Marginal Analysis for Wage-Employment Problems", 1946. Pencavel’s Diminishing returns at work is written for academic economists, but may also be relevant to an interdisciplinary audience of researchers, policymakers, and employers interested in understanding the relationship between hours worked, labor markets, and productivity in the United States and the United Kingdom over the past two centuries. His current responsibilities include overseeing processes to enable MIT to engage with the world effectively, with responsible management of risks, and in keeping with the values of the MIT community. [1] He previously served as Head of the Department of Nuclear Science and Engineering at MIT and he is the founding Director and Faculty Chair of the MIT Industrial Performance Center. Please try again. In 1992, Lester founded the MIT Industrial Performance Center (IPC),[2] an interdisciplinary research center for the study of innovation, productivity, and competitiveness that brings together faculty and students from across MIT to explore questions such as: What is needed in order to prosper in a globalizing economy? Bruce E. Kaufman, The Origins and Evolution of the Field of Industrial Relations in the United States. During World War II, Professor Lester served on the National War Labor Board and the War Manpower Commission and in the Office of the Secretary of War. Prof. Richard Allen Lester, 89, Expert in Wage and Labor Issues. They have three children, Leo, Caroline, and Isabel. He is also active in research and teaching on nuclear technology management, innovation, and control. Price Van Meter Fishback and Shawn Everett Kantor. His textbooks include the ''Economics of Labor'' (1941) and ''Labor and Industrial Relations'' (1951). Richard H. Lester, Ph.D. Clinical Professor . Phone: 979-862-7091 . He recently completed a term as chair of the National Academies’ Board on Science, Technology, and Economic Policy. Lester initiated the "Marginalism" controversy with a famous Most recently, he directed the Energy Innovation Project, an IPC study of strategies for upgrading the U.S. energy innovation system. Richard Allen Lester, an economist who specialized in wage and labor issues, and a dean of the faculty, emeritus, at Princeton University, died on Tuesday at his home in Hightstown, N.J.