Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

William A. Brock

Vilas Research Professor Emeritus
University of Wisconsin-Madison
10/24/16 10/27/16

William “Buz” Brock is a mathematical economist and emeritus professor, best known for his application of a branch of mathematics known as chaos theory to economic theory and econometrics.

Prior to working at the University of Wisconsin, Madison, Brock taught economics at The University of Rochester, Cornell University, and The University of Chicago. Additionally, Brock spent three years as a visiting Research Professor at the University of Missouri, Columbia, after he was named an emeritus professor at the University of Wisconsin, Madison.

In a 1972 paper coauthored with Leonard Mirman, Brock provided the first stochastic version of the neoclassical growth model, thereby paving the way for later developments such as real business cycle theory and dynamic stochastic general equilibrium models. In 2001, Brock authored the book Growth Theory, Nonlinear Dynamics and Economic Modelling: Scientific Essays of William Allen Brock.

At Wisconsin, Brock received the Division of University Housing’s Honored Instructors Award two years in a row, and he has received many accolades for his work, including a doctor honoris causa from the University of Amsterdam and the Distinguished Alumni Award from the University of Missouri, Columbia.

Brock holds a PhD in mathematics from the University of California, Berkeley, and an AB in mathematics from the University of Missouri, Columbia.

Brock will give a public talk,  In Search of Elusive Warning Signals: Tipping Points in Ecology and Economics" at 5 p.m. Oct. 25 at Mesirow Financial, 353 North Clark Street in downtown Chicago.