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Biography: Kiyosi Itô and his influence on the study of agricultural finance and economics

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  • Calum G. Turvey
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    Abstract

    Purpose – The purpose of this paper is to review the life of the famous mathematician Kiyosi Itô and discuss his influence on the study of agricultural finance and agricultural economics. Design/methodology/approach – This paper is a qualitative historical review. Findings – The paper provides a biographical stretch of Itô's life. It is shown that his influence started to infiltrate the agricultural economics profession at around 1985 and is currently a major influence of a range of economic issues from farm policy to agricultural investments. Research limitations/implications – The biography is limited to a review of Itô's academic life and influence. Practical implications – The paper offers a historical perspective on how probability emerged as a critical piece of the economic puzzle. For scholars and practitioners of agricultural finance, the paper provides an in depth review of how Itô processes have, and can, be used. Originality/value – This paper provides a historical perspective on Itô that is of use to students and scholars of rural credit. This is the first “biography” of Itô to discuss his influence on agricultural finance and agricultural economics.

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    Bibliographic Info

    Article provided by Emerald Group Publishing in its journal Agricultural Finance Review.

    Volume (Year): 70 (2010)
    Issue (Month): 1 (May)
    Pages: 5-20

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    Handle: RePEc:eme:afrpps:v:70:y:2010:i:1:p:5-20

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    Web page: http://www.emeraldinsight.com

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    Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
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    Related research

    Keywords: Agriculture; Credit; Finance; Rural economies; Stochastic processes;

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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