Age, Biography and Wiki

Kelvin Lancaster was born on 10 December, 1924 in Sydney, Australia, is a Professor. Discover Kelvin Lancaster’s Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 75 years old?

Popular As N/A
Occupation N/A
Age 75 years old
Zodiac Sign Sagittarius
Born 10 December 1924
Birthday 10 December
Birthplace Sydney, Australia
Date of death (1999-07-23) New York, New York
Died Place N/A
Nationality Australia

We recommend you to check the complete list of Famous People born on 10 December.
He is a member of famous Professor with the age 75 years old group.

Kelvin Lancaster Height, Weight & Measurements

At 75 years old, Kelvin Lancaster height not available right now. We will update Kelvin Lancaster’s Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don’t have much information about He’s past relationship and any previous engaged. According to our Database, He has no children.

Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

Kelvin Lancaster Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Kelvin Lancaster worth at the age of 75 years old? Kelvin Lancaster’s income source is mostly from being a successful Professor. He is from Australia. We have estimated
Kelvin Lancaster’s net worth
, money, salary, income, and assets.

Net Worth in 2023 $1 Million – $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Professor

Kelvin Lancaster Social Network




In a 1966 paper, Lancaster developed what he called a “new theory of consumer demand”, in which the then standard microeconomic demand theory was modified by stipulating that what consumers are seeking to acquire is not goods themselves (e.g. cars or train journeys) but the characteristics they contain (e.g. transport from A to B, display of fashion sense). As Palda (2013) explains


Lancaster attended Sydney Boys High School, graduating in 1940.


Kelvin John Lancaster (10 December 1924 – 23 July 1999) was an Australian mathematical economist and John Bates Clark professor of economics at Columbia University. He is best known for the development of the Theory of the Second Best with Richard Lipsey. Lancaster was also active in developing the calculus of qualitative economics, formulating the household production function, and applying the hedonic model to the estimation of housing prices.