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Nobel Prize Winning Economist Thomas C. Schelling passed away

Thomas C. Schelling, an economist and Nobel laureate died on 13th December 2016 at his home in Bethesda, Md. He was 95.
●    It was while working as an economist in the Truman administration that Professor Schelling became intrigued by the stratagems and negotiating ploys that he observed in international bargaining. 
●    Professor Schelling analyzed superpower negotiations in the way that he analyzed the conflicts between, say, a blackmailer and his client, a parent and a child, or management and labor. 
●    In each case, he wrote, “there is a mutual dependence as well as opposition,” with each side seeking out tests of strength at less than crisis levels.
●    Schelling was born on April 14, 1921 in Oakland, California.
●    Schelling graduated from San Diego High. 
●    He received his bachelor's degree in economics from the University of California, Berkeley in 1944. 
●    He received his PhD in economics from Harvard University in 1951.

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