Albert Ando, Economics and Finance
Albert Ando, professor of economics, SAS and professor of finance,
Wharton, died on September 19 at the age of 72.
Ando was born in Tokyo, Japan in 1929 and came to the United States
after World War II. He received his B.S. in economics from the University
of Seattle in 1951, his M.A. in economics from St. Louis University
in 1953, and an M.S. in economics in 1956 and a Ph.D. in mathematical
economics in 1959 from Carnegie Institute of Technology (now Carnegie
Mellon University). Dr. Ando came to Penn in 1963 as an associate
professor of economics and finance and became professor of economics
and finance in 1967. He held this position until his death.
Lawrence Klein, Nobel laureate in economics
and professor emeritus of economics wrote the following about his
World War II many Japanese scholars visited the United States for
general education and to modernize their training in some key subjects.
Albert Ando, Professor of Economics and Finance, who died of Leukemia
last week was an early arrival in the 1940s. He was educated at
Seattle and St. Louis Universities and often expressed gratitude
at the career start provided by his Jesuit teachers in an adopted
completed the doctoral program in mathematical economics at the
Carnegie Institute of Technology, where he was strongly influenced
by Herbert Simon with whom he collaborated in research papers on
aggregation and causation in economic systems. He also worked closely
with another (Nobel Laureate to be) Franco Modigliani on the life
cycle analysis of saving, spending, and income.
Ando was on the faculties of the Carnegie and of the Massachusetts
Institutes of Technology before moving to the University of Pennsylvania,
where he remained since 1963. He had visiting appointments at universities
in Louvain, Bonn, and Stockholm. He consulted with the International
Monetary Fund, the Federal Reserve Board, The Bank of Italy, and
the Economic Planning Agency of Japan. He held many positions as
an editor of scholarly journals and wrote numerous articles and
main contributions of Professor Ando were in econometrics (theory
and applications), monetary analysis, demographic aspects of household
economic behavior, economic growth, and economic stabilization.
His work on the Massachusetts Institute of Technology, University
of Pennsylvania, and Social Science Research Council
(MPS) model was of great benefit for the research department of
the Federal Reserve Board, and his more recent work on econometrics
for the Bank of Italy had been very fruitful.
served as chairman of the graduate group in the economics department,
1986-1989, and developed excellent working relationships with many
advanced students. He set very high standards, and those he worked
with as thesis supervisor benefited greatly. He was extremely loyal
and dedicated to their work, maintaining close connection with them
after they departed from the University.
his long and fruitful career, he earned many honors--as Fellow
of the Econometric Society, as a Ford Foundation Faculty Research
Fellow; as a Guggenheim Fellow, and a Japan Foundation Fellow. He
was given the Alexander von Humboldt Award for Senior American Scientists.
Ando is survived by his wife of 35 years, Faith H. Ando, two professorial
sons, Matthew and Clifford, and a daughter, Alison, who has just
been admitted to the New York Bar. His mother, sister, and brother,
live in Japan.
Emeritus of Economics
John Martin, Vet School
John E. Martin, V'42, former professor of pharmacology and
therapeutics, died on September 22 at the age of 83. After serving
stateside in the Veterinary Corps, U.S. Army's 24th Cavalry
Division for four years as an equine veterinarian, Dr. Martin returned
to Penn and joined the faculty in 1946 as assistant instructor in
physiology and pharmacology. In 1956 he was appointed associate
professor of therapeutics. He served as associate dean of the School
of Veterinary Medicine from 1961 to 1962. He left the School in
1963 and returned as professor of pharmacology and therapeutics
in 1968; heresigned in 1969. Dr. Martin published 25 papers.
1980, Dr. Martin returned to the School of Veterinary Medicine as
special assistant to Dean Robert Marshak, a position Dr. Martin
held for several years. He served as director of the School's
Centennial Office and as supervisor of the student financial aid
Martin was the founding editor of the School's news magazine,
Bellwether, and he was the author of A Legacy and A Promise:
The First One Hundred Years, 1884-1984, a book about the School
of Veterinary Medicine's first 100 years; it was published
in 1984, for the School's Centennial celebration.
1987, he was a recipient of the School's Veterinary Medical
Alumni Society Award of Merit in recognition of his contributions
to the profession and the School.
Martin served on a number of Veterinary School and University committees,
including chairing the Faculty Study Group and the Building Committee
for the Rosenthal Building. His main area of research was in the
pharmacological and clinical evaluation of therapeutic agents.
Martin is survived by his ex-wife, Ruth Lawley, a son, Thomas, three
daughters, Lissa Snyder, Penny Lyn Martin, and Kerry Bushey; seven
grandchildren and a brother, Earl Martin.
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Almanac, Vol. 49, No. 6, October 1, 2002