[2] Born in Peking on October 27, 1914, he earned a degree in civil engineering from the Chiao Tung University (Chinese: 交通大学) in 1936.

[3][9] A book, Quantitative Economics and Development: Essays in Memory of Ta-Chung Liu, was published in his honor by his colleagues.

[10] Liu had a close working relationship with the government of Taiwan, and high ranking members of politics consulted him on economic policy.

[8] Together with his colleague at Cornell Sho-Chieh Tsiang, he advocated against central planning and for creating an environment that encouraged private enterprises to compete on world markets.

Liu took a leave from Cornell University in the 1969 academic year to serve as chairman of the Commission for Tax Reform for the Taiwanese Government.