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Dr. Albert Ando, Economics and Finance

Dr. Albert Ando, professor of economics, SAS and professor of finance, Wharton, died on September 19 at the age of 72.

Dr. Ando was born in Tokyo, Japan in 1929 and came to the United States after World War II. He received his B.S. in economics from the University of Seattle in 1951, his M.A. in economics from St. Louis University in 1953, and an M.S. in economics in 1956 and a Ph.D. in mathematical economics in 1959 from Carnegie Institute of Technology (now Carnegie Mellon University). Dr. Ando came to Penn in 1963 as an associate professor of economics and finance and became professor of economics and finance in 1967. He held this position until his death.

Dr. Lawrence Klein, Nobel laureate in economics and professor emeritus of economics wrote the following about his colleague.

After World War II many Japanese scholars visited the United States for general education and to modernize their training in some key subjects. Albert Ando, Professor of Economics and Finance, who died of Leukemia last week was an early arrival in the 1940s. He was educated at Seattle and St. Louis Universities and often expressed gratitude at the career start provided by his Jesuit teachers in an adopted country.

He completed the doctoral program in mathematical economics at the Carnegie Institute of Technology, where he was strongly influenced by Herbert Simon with whom he collaborated in research papers on aggregation and causation in economic systems. He also worked closely with another (Nobel Laureate to be) Franco Modigliani on the life cycle analysis of saving, spending, and income.

Dr. Ando was on the faculties of the Carnegie and of the Massachusetts Institutes of Technology before moving to the University of Pennsylvania, where he remained since 1963. He had visiting appointments at universities in Louvain, Bonn, and Stockholm. He consulted with the International Monetary Fund, the Federal Reserve Board, The Bank of Italy, and the Economic Planning Agency of Japan. He held many positions as an editor of scholarly journals and wrote numerous articles and books.

The main contributions of Professor Ando were in econometrics (theory and applications), monetary analysis, demographic aspects of household economic behavior, economic growth, and economic stabilization. His work on the Massachusetts Institute of Technology, University of Pennsylvania, and Social Science Research Council (MPS) model was of great benefit for the research department of the Federal Reserve Board, and his more recent work on econometrics for the Bank of Italy had been very fruitful.

He served as chairman of the graduate group in the economics department, 1986-1989, and developed excellent working relationships with many advanced students. He set very high standards, and those he worked with as thesis supervisor benefited greatly. He was extremely loyal and dedicated to their work, maintaining close connection with them after they departed from the University.

During his long and fruitful career, he earned many honors--as Fellow of the Econometric Society, as a Ford Foundation Faculty Research Fellow; as a Guggenheim Fellow, and a Japan Foundation Fellow. He was given the Alexander von Humboldt Award for Senior American Scientists.

Albert Ando is survived by his wife of 35 years, Faith H. Ando, two professorial sons, Matthew and Clifford, and a daughter, Alison, who has just been admitted to the New York Bar. His mother, sister, and brother, live in Japan.

--Lawrence Klein, Professor Emeritus of Economics


Dr. John Martin, Vet School

Dr. John E. Martin, V'42, former professor of pharmacology and therapeutics, died on September 22 at the age of 83. After serving stateside in the Veterinary Corps, U.S. Army's 24th Cavalry Division for four years as an equine veterinarian, Dr. Martin returned to Penn and joined the faculty in 1946 as assistant instructor in physiology and pharmacology. In 1956 he was appointed associate professor of therapeutics. He served as associate dean of the School of Veterinary Medicine from 1961 to 1962. He left the School in 1963 and returned as professor of pharmacology and therapeutics in 1968; heresigned in 1969. Dr. Martin published 25 papers.

In 1980, Dr. Martin returned to the School of Veterinary Medicine as special assistant to Dean Robert Marshak, a position Dr. Martin held for several years. He served as director of the School's Centennial Office and as supervisor of the student financial aid program.

Dr. Martin was the founding editor of the School's news magazine, Bellwether, and he was the author of A Legacy and A Promise: The First One Hundred Years, 1884-1984, a book about the School of Veterinary Medicine's first 100 years; it was published in 1984, for the School's Centennial celebration.

In 1987, he was a recipient of the School's Veterinary Medical Alumni Society Award of Merit in recognition of his contributions to the profession and the School.

Dr. Martin served on a number of Veterinary School and University committees, including chairing the Faculty Study Group and the Building Committee for the Rosenthal Building. His main area of research was in the pharmacological and clinical evaluation of therapeutic agents.

Dr. Martin is survived by his ex-wife, Ruth Lawley, a son, Thomas, three daughters, Lissa Snyder, Penny Lyn Martin, and Kerry Bushey; seven grandchildren and a brother, Earl Martin.

To Report A Death: Almanac appreciates being informed of the deaths of current and former faculty and staff members, students, and other members of the University community. Please send information or call (215) 898-5274 or e-mail However, notices of alumni deaths should be directed to the Alumni Records Office at Room 545, Franklin Building, (215) 898-8136 or

  Almanac, Vol. 49, No. 6, October 1, 2002