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F. Gerald Adams

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F. Gerald Adams Obituary
F. Gerard (Jerry) Adams, 81, prominent economist who spent the bulk of his career at the University of Pennsylvania, died Saturday, Jan.15, 2011, in Newton, Mass., of complications related to pancreatic cancer. He was the author of a substantial body of research over a distinguished career. After spending 37 years at the University of Pennsylvania, he moved Northeastern University in Boston. He completed his final teaching assignment there this last December, 2010. Prof. Adams was born in Breslau in 1929. His family emigrated to the United States in 1939 and settled in Michigan. He attended the University of Michigan, receiving an undergraduate degree in 1949, and then continuing on to obtain a Ph.D. in 1956 under the supervision of Lawrence Klein, who subsequently went on to win the Nobel Prize in Economics. In 1961, he joined Klein, who had moved to the University of Pennsylvania. He helped Klein to create the Wharton Model, one of the first econometric forecasting models using computers to simulate the world economy. It subsequently grew into the Link Model, which forecasts the economy using a variety of input data from smaller models around the world, and which contributed to Klein's Nobel Prize in 1980. Prof. Adams served as the director of the Economics Research Unit at the University of Pennsylvania and a principal investigator on the Link Model. Together with Klein, he was one of the founding members of Wharton Economic Forecasting Associates. He and his first wife, Courtney Adams, who passed away in 1996, lived with their four children in Radnor, Pa. He was the author of over 250 research articles and over a dozen books, including "The Business Forecasting Revolution", "East Asian Development: Will the East Asian Growth Miracle Survive?", "Macroeconomics for Business and Society," "The E-Business and the New Economy," and "East Asia and the New Economy." He submitted the manuscript for his newest book "Globalization and the New Economy" in December. Prof. Adams is survived by his second wife Heidi Vernon, his brothers Peter Adams and Robert Adams, his four children Leslie Martin, Colin Adams, Loren Burton, and Mark Adams, his stepchildren Joshua Wortzel and Jennifer Stiller, his ten grandchildren, and his cats Minou and Maomi, all of whom will miss him greatly. In lieu of flowers, donations can be made to the Adams Prize of the Economics Department at Swarthmore College, 500 College Ave, Swarthmore, PA 19081-1397, a prize given to the best student paper applying quantitative methods to an economic issue or problem.

Published in Main Line Media News on Jan. 19, 2011
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