Maurice Allais
French economist (1911–2010)
FranceSummary
Updated 2026-05-29
French physicist-turned-economist who won the 1988 Nobel in Economics for work on market theory and resource allocation. His formalisation of market self-regulation became central to neoclassical economics, even as Keynes was busy arguing the opposite.
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Maurice Félix Charles Allais was a French physicist and economist, the 1988 winner of the Nobel Memorial Prize in Economic Sciences "for his pioneering contributions to the theory of markets and efficient utilization of resources", along with John Hicks and Paul Samuelson, to neoclassical synthesis. They formalize the self-regulation of markets, which Keynes refuted but reiterated some of Allais's ideas.
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