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Jesse Markham, an economist who joined the HBS faculty in 1968, died in his sleep on June 21 in Nashua, New Hampshire. Markham, whose work focused on price theory and industrial organization, was a well-known proponent of the “rule of reason” to determine whether a merger should pass muster under federal antitrust laws. The author of 12 books and more than 150 articles, Markham arrived at HBS from Princeton University. “I came here because the theories on which public policy was being built in economics didn’t square with the realities of the marketplace,” he said in a 1993 interview at the School. “I wanted to work in an environment where my colleagues, students, and contacts were close to managerial decision-making.”

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