Joe Staten Bain (4 July 1912, Spokane, Washington – 7 September 1991, Columbus, Ohio) was an American economist associated with the University of California, Berkeley.
[1] An accompanying statement referred to him as "the undisputed father of modern Industrial Organization Economics.
The title of his dissertation was "The Value, Depreciation and Replacement of Durable Capital Goods".
Bain was appointed Lecturer at the University of California, Berkeley in 1939 and served there until his retirement in 1975.
Major works included The Economics of the Pacific Coast Petroleum Industry (1944-1947)[6] described as "a landmark in the application and empirical testing of the hypotheses of microeconomic theory.