Biography: Kiyosi Itô and his influence on the study of agricultural finance and economics
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.
Keywords
Citation
Turvey, C.G. (2010), "Biography: Kiyosi Itô and his influence on the study of agricultural finance and economics", Agricultural Finance Review, Vol. 70 No. 1, pp. 5-20. https://doi.org/10.1108/00021461011042602
Publisher
:Emerald Group Publishing Limited
Copyright © 2010, Emerald Group Publishing Limited