Kotaro Suzumura facts for kids
Quick facts for kids
Kotaro Suzumura
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Kotaro Suzumura
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| Born | 7 January 1944 |
| Died | 15 January 2020 (aged 76) |
| Nationality | Japanese |
| Institution | Hitotsubashi University |
| Alma mater | Hitotsubashi University |
Kotaro Suzumura (鈴村 興太郎, Suzumura Kōtarō) was a Japanese economist. He was born on January 7, 1944, and passed away on January 15, 2020. He was a highly respected professor at Hitotsubashi University and Waseda University. After he retired, he was given the special title of professor emeritus.
Professor Suzumura studied at Hitotsubashi University, graduating in 1966. He was very interested in how groups of people make decisions. This area of study is called social choice theory. He also focused on how to make society better for everyone, which is part of welfare economics.
His important work led to him becoming a Fellow of the Econometric Society. This is a group for top economists. In 2017, he was honored as a Person of Cultural Merit in Japan. This award recognizes people who have made big contributions to Japanese culture or science.
About Economics
Economics is a subject that studies how people make choices. It looks at how we use limited resources. This includes things like money, time, and natural materials. Economists try to understand how societies produce, distribute, and use goods and services.
Social Choice Theory
One of Kotaro Suzumura's main interests was social choice theory. This part of economics looks at how a group of people can make a decision together. It explores how individual preferences can be combined into a group decision. For example, how do we choose a leader or decide on a new law?
Welfare Economics
He also studied welfare economics. This field focuses on how to make society better off. It asks questions like: How can we share resources fairly? How can we improve everyone's well-being? This area helps governments and organizations make decisions that benefit the most people.
Awards and Recognition
Kotaro Suzumura received several important awards for his work. Being named a Person of Cultural Merit was a big honor. It showed how much his research helped people understand economics better. These awards recognized his dedication and important ideas.
