| 1 | Name: | Dr. Daniel L. McFadden | |
| Institution: | University of California, Berkeley | ||
| Year Elected: | 2006 | ||
| Class: | 3. Social Sciences | ||
| Subdivision: | 302. Economics | ||
| Residency: | Resident | ||
| Living? : | Living | ||
| Birth Date: | 1937 | ||
A very original and powerful thinker in the field of quantitative microeconomics, Daniel McFadden is the director of the Econometrics Laboratory and professor of economics and E. Morris Cox Chair at the University of California, Berkeley. He earned his Ph.D. from the University of Minnesota in 1962 and previously served on the faculties of the University of Pittsburgh, Yale University, the Massachusetts Institute of Technology and the California Institute of Technology. With Melvyn Fuss, Dr. McFadden produced the definitive work on the theory and application of production economics, developing econometric techniques that he and others applied to the measurement of technical change, especially in the electricity generating industry. With Charles Manski he developed a whole new branch of econometrics to analyze the choice of mode of transportation, and this was applied to the BART project in the San Francisco Bay area. His recent work has been devoted to the problems of optimal choice of public works and the economics of aging. Winner of the 2000 Nobel Memorial Prize in Economic Sciences, Dr. McFadden was elected a member of the American Academy of Arts & Sciences in 1977 and the National Academy of Sciences in 1981. | |||