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Schelling, Thomas C. (Born 1921)

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The New Palgrave Dictionary of Economics
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Abstract

Thomas Schelling has contributed path-breaking works to the study of coordination problems, group behaviour, and self-control. Early in his career, he framed the Cold War as a game in which parties have a mutual interest in coordinating their actions through a ‘focal point’. Later he explained how, in the absence of racism, racial segregation may be triggered by a ‘tipping’ process through which residential homogenization feeds on itself. His latest major insight has been that addictions stem from an inability to reconcile conflicting inner drives.

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Bibliography

  • Ayson, R. 2004. Thomas Schelling and the nuclear age. London: Frank Cass.

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  • Swedberg, R. 1990. Thomas C. Schelling. In Economics and sociology. Princeton: Princeton University Press.

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  • Zeckhauser, R. 1989. Distinguished fellow: Reflections on Thomas Schelling. Journal of Economic Perspectives 3(2): 153–164.

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Kuran, T. (2018). Schelling, Thomas C. (Born 1921). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2414

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