Melchior Palyi
Melchior Palyi was a Hungarian-American economist
Life
Early life
Melchior Palyi was born in Budapest, Hungary on 14 March 1892.
Education
Palyi obtained a masters degree in law from University of Budapest. He received his doctorate in Economics from the University of Munich in 1915.
Career
From 1915 to 1918, Palyi worked for the Austro-Hungarian Bank and the Hungarian Ministry of Agriculture. From 1918 to 1933, he taught at the University of Munich, the University of Göttingen and the University of Kiel. After Max Weber's death in 1920, Palyi and edited and collected student notes of Weber's last complete lecture series – entitled the General Economic History – into a volume that was published in 1923. Palyi was a visiting professor at the universities of Oxford, California in Los Angeles, and Chicago between 1926 and 1928. In 1928, he became an economist at the Deutsche Bank and advised the Reichsbank beginning in 1931. Both positions ended in 1933. Until 1931, Palyi was also a Professor of Finance at the Graduate School of Commerce in Berlin. After the Nazi seizure of power, Palyi emigrated to the United Kingdom and resumed lecturing at Oxford, before returning to the United States and resuming his position as a visiting professor in Chicago between 1933 and 1937. Three years after leaving the University of Chicago, he was a lecturer at Northwestern University. Between 1961 and 1968, Palyi wrote business columns for the Chicago Tribune. He then wrote for the Commercial & Financial Chronicle for the next two years. Palyi died on 28 July 1970 at Billings Memorial Hospital in Chicago.
General and cited sources
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