Lester G. Telser

Lester Greenspan Telser (born in 1931) is an American economist and Professor Emeritus in Economics at the College of the University of Chicago.

He received his Ph.D. from the University of Chicago where he is a member of the faculty since 1958.

His works include research on the Theory of the core; Federal Reserve policy and integer programming.

Awards, fellowships

* St. Clair Drake award for outstanding scholarship from Roosevelt University, 2005
* Fellow Econometric Society, 1967
* American Statistical Association Fellow,1968

Selected works

* "Futures Trading and the Storage of Cotton and Wheat", Journal of Political Economy, 1958
* "Why Should Manufacturers Want Fair Trade?", Journal of Law and Economics, 1960
* "How Much Does it Pay Whom to Advertise?", American Economic Review, vol. 51, pp194-205, 1961
* "Advertising and Competition", Journal of Political Economy, vol. 72, pp537-562, 1964
* "Supply and Demand for Advertising Messages", American Economic Review, vol 56, pp457-466, 1966
* "An Infinite-Horizon Discrete-Time Quadratic Program as Applied to a Monopoly Problem", with R. Graves, Econometrica, 1967
* "Economics of Advertising", In: International Encyclopedia of the Social Sciences, pp106-111, 1968
* "Functional Analysis in Mathematical Economics", with R. L. Graves, 1972.
* "Competition, Collusion and Game Theory", 1972.
* "Organized Futures Markets: Cost and benefits", with H.N. Higginbotham, Journal of Political Economy, 1977
* "Economic theory and the Core", 1978.
* "A Theory of Self-Enforcing Agreements", Journal of Business, 1980
* "A Theory of Efficient Cooperation and Competition", 1987
* "Joint Ventures of Labor & Capital", 1997
*"Classic Futures: Lessons from the Past for the Electronics Age", 2000
* "The Core Theory in Economics: Problems and Solution", 2007