Orris Clemens Herfindahl (June 15, 1918 inParshall, North Dakota - December 16, 1972 while traveling in Nepal[1]) was an economist who studied natural resources. However, he is mainly known as the inventor of a concentration index (theHerfindahl index) which he proposed in his 1950 doctoral dissertation on the steel industry while atColumbia University.[2][3][4] In fact a similar index (with the addition of a square root) was proposed earlier (in 1945) byAlbert O. Hirschman.[5] Thus, it is usually referred to as the Herfindahl-Hirschman Index.
b. June 15, 1918, in Parshall, N.D.; d. Dec. 16, 1972; ... traveling in Nepal when he died
The index is named for Orris C. Herfindahl, who employed such analysis in a 1950 doctoral dissertation on the steel industry while at Columbia University,
Well, it's a cruel world
...there was a posterior inventor, O. C. Herfindahl, who proposed the same index, except for the square root...
Copper, often seen as a bellwether of global activity,
Orris C. Herfindahl, in his study of copper costs and prices, argues that the price of copper relative to wholesale prices of other goods has been stable over the longer periods between 1870 and 1957.
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