Masanao Aoki Explained

Masanao Aoki
Native Name:	青木 正直
Birth Date:	14 May 1931
Birth Place:	Hiroshima, Japan
Institution:	UCLA University of Illinois
Field:	Econophysics Applied macroeconomics
Alma Mater:	UCLA (Ph.D. 1960) University of Tokyo (B.A. 1955)
Repec Prefix:	e
Repec Id:	pao1

was a Japanese engineer and economist. He was a Professor emeritus of Economics at University of California, Los Angeles.

He earned a BA and MSc in physics from the University of Tokyo, and a PhD in engineering from UCLA in 1960.^[1] He was a professor of engineering at UCLA and California–Berkeley from 1960 to 1974, before switching fields to economics in which he remained a professor until his retirement in 2002. Aoki's change of research areas is reflected in the two editions of his influential textbook, Optimization of Stochastic Systems. Originally published in 1967 it contained a rigorous treatment of optimal control methods in engineering,^[2] whereas the second edition (published in 1989) was amended by numerous applications in economics. He died on July 24, 2018, aged 87.^[3]

Selected publications

• Book: Aoki . Masanao . 1967 . Optimization of Stochastic Systems: Topics in Discrete-time Systems . Mathematics in science and engineering . 32 . . . 9780120588503 .

A revised edition: Book: Aoki . Masanao . 1989 . Optimization of Stochastic Systems: Topics in Discrete-time Systems . Economic Theory, Econometrics, and Mathematical Economics . 2nd . New York . Academic Press . 9780120588510 .

• Book: Aoki . Masanao . 1971 . Introduction to Optimization Techniques: Fundamentals and Applications of Nonlinear Programming . Macmillan series in applied computer sciences . New York . . 9780020303657 .
• Book: Aoki . Masanao . 1976 . Optimal control and system theory in dynamic economic analysis . Dynamic economics . 1 . New York . . 9780720486032 .
• Book: Aoki . Masanao . 1981 . Dynamic analysis of open economies . New York . Academic Press . 9780120589401 .
• Book: Aoki . Masanao . 1987 . State space modeling of time series . Berlin

  New York

  . . 9783540172567 .
• Book: Aoki . Masanao . 1996 . New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects . Cambridge

  New York

  . . 9780521482073 .
• Book: Aoki . Masanao . 2002 . Modeling aggregate behavior and fluctuations in economics: stochastic views of interacting agents . New York . Cambridge University Press . 9780521781268 .
• Book: Aoki . Masanao . Yoshikawa . Hiroshi . Hiroshi Yoshikawa . 2007 . Reconstructing macroeconomics: a perspective from statistical physics and combinatorial stochastic processes . Japan-U.S. Center Sanwa monographs on international financial markets . Cambridge; New York . Cambridge University Press . 9780521831062 .

External links

• Website at UCLA

Notes and References

1. Yuji . Aruka . Mauro . Gallegati . Hiroshi . Yoshikawa . Special Issue in Honor of Masanao Aoki . Journal of Economic Interaction and Coordination . 2015 . 10 . 1 . 1–4 . 10.1007/s11403-015-0153-9 . 53701104 . free .
2. R. E. . Mortensen . Optimization of Stochastic Systems (Masanao Aoki) . SIAM Rev. . 1971 . 13 . 4 . 579–581 . 10.1137/1013111 .
3. Web site: 青木正直氏が死去 米カリフォルニア大ロサンゼルス校名誉教授 . 日本経済新聞 電子版 . 31 July 2018 . ja-JP . 2018-08-02.