All Press Releases for February 07, 2017

Dr. Irving H. Plotkin Honored by Marquis Who's Who for Accomplishments in Economics

"Plotkin-theory" has influenced international corporate taxation and Federal and State price, profit, and solvency regulation.



    CAMBRIDGE, MA, February 07, 2017 /24-7PressRelease/ -- Dr. Irving H. Plotkin has been included in Marquis Who's Who in America. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.

Dr. Plotkin, an internationally noted economist, specializes in the analysis of the effects of various types of government regulation, self-regulation, and taxation on capital flows, output, prices, risk-taking, competition, solvency, and economic efficiency. His early work dealt with price, profit, solvency, and anti-trust regulation in the pharmaceutical, insurance, banking, and transportation industries. He has designed, directed, and published research involving finance, microeconomics, industrial organization, and econometrics and has presented the results of these studies before several US Senate and House committees, the Federal Reserve Board, the Interstate Commerce Commission, the Federal Maritime Commission, the Federal Trade Commission, US Claims, Tax, and District courts, and numerous state legislative committees, courts, regulatory agencies, and arbitration panels. His work is widely credited with changing the basic approach to regulating prices and profits in the insurance industry. (For example, in 1979 the President of the Casualty Actuarial Society wrote: "Since that fateful day in 1967 when Irving H. Plotkin burst upon the insurance scene, the insurance industry has been treated to an awesome swirl of new ideas, concepts and intellectual, as well as operational, challenges....Noting that about 50% of the current Fellows of the Casualty Actuarial Society reached their fellowship since 1967, we are passing into the era where we have educated our people as much on "Plotkin-theory" [of insurance rate making] as we have on "1921-theory.")

Another article entitled "The Egghead from Brooklyn" describing his early work and style appeared in the July 1, 1968 edition of the London Times. It begins: "For a man who specializes in the rather sinister sounding "theory of the economics of uncertainly", Dr. Irving H. Plotkin proves to be a refreshingly forthright character. In London to lecture select groups of top British executives about his development of methods for evaluating investment risks, Mr. Plotkin, a 26-year-old New Yorker spices his talks with racy illustrations of how he would set about selling the Brooklyn Bridge (still a popular con trick apparently. "I might be asking a ridiculously low price, but the risk element of your purchase would be sufficiently large to make it a bad move." He finds that this sort of approach plus an entertaining flow of asides works well, despite the formidably complex theories he is putting over."

Today, Dr. Plotkin is perhaps best known and widely cited for his work in domestic and international corporate tax law and controversies. His has appeared as an expert witness at the request of the Internal Revenue Service, the U.S. Department of Justice, and leading U.S. and foreign taxpayers in many high-profile and precedent-setting tax disputes (including Du Pont, Xilinx, UPS, DHL, ACM, Bausch and Lomb, Dow [COLI], numerous captive insurance cases, The Limited [NYS] and Toys R Us [NYC]). His testimony is cited as the basis for numerous court decisions and he has assisted in the writing of Federal tax legislation and U.S. and foreign international tax regulations, covering such contentious areas as transfer pricing, economic substance, tax shelters, and captive insurance.

Since 2002 Dr. Plotkin has been a Managing Director in PricewaterhouseCoopers' National Tax Services. Previously he was Senior Economist, Vice President, and Director of Arthur D. Little, Inc. During his career he has lectured in finance and economics at leading universities (such as MIT and Harvard) and presented papers to many academic and professional associates both in the U.S. and abroad.

Dr. Plotkin holds a Bachelor of Science of Economics from The Wharton School of the University of Pennsylvania and a Ph.D. in mathematical economics from the Massachusetts Institute of Technology (MIT). At MIT he held fellowships from the National Science Foundation (NSF), the National Aeronautical and Space Administration (NASA), and the American Bankers Association. His professional affiliations include the American Economic Association, the Econometric Society, the International Fiscal Association, and the American Financial Association; while throughout the years, he has served as an editorial reviewer for the Journal of the American Statistical Association and the Journal of Industrial Economics.

His published papers, books, and monographs include: Risk/Return: US Industry Pattern (Harvard Business Review); Rates of Return in the Property and Liability Insurance Industry: A Comparative Analysis (Journal of Risk and Insurance); The Consequences of Industrial Regulation on Profitability, Risk Taking, and Innovation; Torrens in the United States; and Economic Principles in Establishing Transfer Prices (Tax Management, Foreign Income Portfolio, co-author). His comments on current tax developments appear frequently in tax periodicals.

The Wall Street Journal described Dr. Plotkin as a "philanthropist," and he currently serves on the Boards and/or Finance Committees of the Boston Symphony Orchestra, the Boston Lyric Opera, Harvard's American Repertory Theatre, and Rockport Music.

Dr. Plotkin has been featured in 13 editions of Who's Who in Finance and Business, two editions of Who's Who in Science and Engineering, and 11 editions of Who's Who in the World.

About Marquis Who's Who :
Since 1899, when A. N. Marquis printed the First Edition of Who's Who in America , Marquis Who's Who has chronicled the lives of the most accomplished individuals and innovators from every significant field of endeavor, including politics, business, medicine, law, education, art, religion and entertainment. Today, Who's Who in America remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms around the world. Marquis publications may be visited at the official Marquis Who's Who website at www.marquiswhoswho.com.

# # #

Contact Information

Fred Marks
Marquis Who's Who Ventures LLC
Berkeley Heights, NJ
USA
Voice: 844-394-6946
E-Mail: Email Us Here
Website: Visit Our Website
Follow Us: