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Joe S. Bain
Joe Staten Bain (4 July 1912, Spokane, Washington — 7 September 1991, Columbus, Ohio.) was an American economist associated with the University of California, Berkeley. Bain was designated a Distinguished Fellow by the American Economic Association in 1982.〔Along with Gérard Debreu that year per (AEAweb: Distinguished Fellows. )〕 An accompanying statement referred to him as "the undisputed father of modern Industrial Organization Economics."〔〔William G. Shepherd Bain, "Joe Staten (1912–1991)," ''The New Palgrave Dictionary of Economics'', 2nd Edition. Brief (link. )〕
==Background and career==
Bain received an A.B. from UCLA in 1935. He studied at Harvard, where he has also an instructor in Economics from 1936 to 1939. There he received an M.A. in 1939 and Ph.D. in 1940 under the direction of Joseph Schumpeter.〔Joe S. Bain, 1986. "Structure Versus Conduct as Indicators of Market Performance," ''Antitrust Law and Economics Review''. Thumbnail (bio. )〕〔Frederick E. Balderston and George F. Break. (Joe S. Bain Jr., Economics: Berkeley - California Digital Library. )〕 The title of his dissertation was "The Value, Depreciation and Replacement of Durable Capital Goods".
Bain was appointed Lecturer at the University of California, Berkeley in 1939 and served there until his retirement in 1975.〔 He also served in 1960 as director of studies at the California Water Industry.〔
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