Stanford University economist Ezra Solomon dies

Thursday December 19, 2002

STANFORD, Calif. (AP) Former Stanford business school professor Ezra Solomon, who laid the foundation for modern financial management, died Dec. 9. He was 82.

Solomon died of a stroke at his Stanford campus home, according to Stanford officials.

Solomon published his best-known book, ``The Theory of Financial Management,'' in 1963.

``In the 40s and well into the 50s, finance was largely descriptive as taught in most schools. Ezra helped move the field toward a more rigorous theory-based foundation, a more mathematical expression. Ezra was at the forefront of the evolution in finance,'' said James Van Horne, the A.P. Giannini Professor of Banking and Finance at Stanford.

Solomon, who was a member of the Council of Economic Advisers in the Nixon administration, served industry and government throughout his 30-year career.

He was born March 20, 1920, in Rangoon, Burma. He received a First Class Honors degree in economics from the University of Rangoon in 1940. Solomon won a fellowship for overseas graduate study, which brought him to the University of Chicago in 1947.

Solomon is survived by three daughters, Catherine Shan Solomon of Newark, Calif., Ming Solomon Lovejoy of Eureka, Mont., and Lorna Solomon-Oyarce of Stanford, and five grandchildren. A memorial service is planned for this winter.

(Copyright 2002 by The Associated Press. All Rights Reserved.)