Nikolay Medvedev

Nikolay Medvedev
Name	Nikolay Medvedev
Full name	Nikaly Medvedev
Sex	Male
Born	1923, Moscow
Deceased	1997, Noble City
Home	Noble City
Functions	mathematician, statistician, economist
Languages	English, Russian
Religious stance	Atheist

Nikolay Medvedev was a Russian mathematician, statistician and economist. He was born in 1923 and moved to Lovia in 1944. He bought an estate just outside Noble City and started his own company, that would become well known later on as Veprom. In 1948, when Nikolay was 25, he met the beautiful biologist Elisabeth Blackburn. Two years later they got married and in 1950 they had born a son, Mikhail Medvedev. When his wife died in 1987, Nikolay got more and more isolated from his family, and especially his son.

Studies

He studied mathematics at the University of Moscow, graduating in 1944. Later on that year, he went to Lovia study at the Nobel University, where his interests turned towards statistics and economics. He received a Ph.D. degree in 1948, for a thesis on latent cyclical components in time series. In 1950, Nikolay Medvedev became Professor of Statistics at the Royal Institution.

Nikolay introduced into economics the concept of entropy from thermodynamics and did foundational work which later developed into evolutionary economics. His work contributed significantly to bioeconomics and to ecological economics.

Selected Works

• Medvedev, N. (1952), Energy and Economic Myths : Institutional and Analytical Economic Essays.
• Medvedev, N. (1968), The Entropy Law and the Economic Process.

See also

• Elisabeth Blackburn
• Mikhail Medvedev
• Nobel University