American Philosophical Society
Member History

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Resident (2)
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Subdivision
302. Economics[X]
1Name:  Dr. Paul A. David
 Institution:  Stanford University; University of Oxford
 Year Elected:  2003
 Class:  3. Social Sciences
 Subdivision:  302. Economics
 Residency:  Resident
 Living? :   Deceased
 Birth Date:  1935
 Death Date:  January 23, 2023
   
 
Paul Allan David is Professor of Economics Emeritus and Senior Fellow of the Institute for Economic Policy Research at Stanford University. He is Professor Emeritus of Economics and Economic History in the University of Oxford, Emeritus Fellow of All Souls College, Oxford. Currently he is Titular Professor of Research on the Digital Economy at l'Ecole Polytechnique and l'Ecole National Superior de Telecommunications (Paris). Dr. David is the author of more than 160 journal articles and contributions to edited volumes, as well as of the author and editor of several books including Technical Choice, Innovation and Economic Growth (1975) and The Economic Future in Historical Perspective (2003). He was among the pioneering practitioners of the "new economic history" and is known internationally for wide-ranging contributions in the fields of American economic history, economic and historical demography, and the economics of science and technology. Investigation of the conditions that give rise to "path dependence" - the persisting influence of historical events in micro- and macro-economic phenomena - is a recurring theme in his research. Two main areas of contemporary economic policy research have emerged in his work in the past two decades: the evolution of information technology standards and network industries, and the influence of legal institutions and social norms upon the funding and conduct of scientific research in the public sector, and the interactions between that latter and private sector R&D. Dr. David currently leads an international research project on the organization, performance and viability of free and open source software. Many professional honors have been bestowed upon Dr. David in the course of his career, including election as Fellow of the International Econometrics Society (1975), Pitt Professor of American History and Institutions at the University of Cambridge, as Fellow of the American Academy of Arts & Sciences (1979), Vice-President, and President of the Economic History Association (1988-89), as Marshall Lecturer at the University of Cambridge (1992), Ordinary Fellow of the British Academy (1995), Member of Council of the Royal Economics Society (1996-2002), and Member of the American Philosophical Society (2003). He was made Professor of Economics and Economic History by the University of Oxford, "in recognition of distinction" (1997) and was awarded a Doctorate Honoris Causa by the University of Torino (2003). He serves on the Advisory Boards of Science Commons, l'Ecole Paris de l'Economie, Alta Scuola de Politechnico Milano and Turino, and on the Executive Committee of the international organization CODATA. Dr. David's extensive service as a consultant to international organizations has included work for the World Bank, the United Nations Commission on Trade and Development, the United Nations University Institute, the OECD, several directorates of the European Commission of the EU, the European Committee for Future Accelerators, the Economic and Social Research Council (U.K.), the Treasury and the Ministry of Science and Technology of New Zealand, and the German Monopolies Commission. He also has had extensive service experience as a consultant to U.S. government agencies and foundations, including the National Academy of Sciences (National Research Council), the National Science Foundation, the Departments of Commerce and Energy, the Rockefeller Foundation, the Sloan Foundation and other public and non-profit organizations. He has been a non-executive director of La Compagnie de Saint-Gobain (2002-07).
 
2Name:  Dr. Robert J. Shiller
 Institution:  Yale University
 Year Elected:  2003
 Class:  3. Social Sciences
 Subdivision:  302. Economics
 Residency:  Resident
 Living? :   Living
 Birth Date:  1946
   
 
Robert J. Shiller is the Arthur M. Okun Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance at the International Center for Finance, Yale School of Management. He received his B. A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets. His 1989 book Market Volatility (MIT Press) is a mathematical and behavioral analysis of price fluctuations in speculative markets. His 1993 book Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks proposes a variety of new risk-management contracts, such as futures contracts in national incomes or in real estate that would permit the management of risks to standards of living. His book Irrational Exuberance (2000) is an analysis and explication of speculative bubbles, with special reference to the stock market and real estate. His book The New Financial Order: Risk in the 21st Century (2003) is an analysis of an expanding role of finance, insurance, and public finance in our future. He was vice president of the American Economic Association (2005) and a research associate with the National Bureau of Economic Research. He writes a column "Finance in the 21st Century" for Project Syndicate, which publishes around the world. He is co-founder of Case Shiller Weiss, Inc., an economics research and information firm, which was sold in 2002 and renamed Fiserv CSW, Inc. He is also co-founder and principal of MacroMarkets, LLC, a firm devoted to the securitization of new risks, and of Macro Financial, LLC, a boutique investment bank. His book Subprime Solution: How Today's Financial Crisis Happened and What to Do About It (2008) outlines important new economic measures. He recently wrote (with George A. Akerlof) Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) and Finance and the Good Society (2012). In 2013 he won the Nobel Memorial Prize in Economic Science with Eugene Fama.
 
Election Year
2003[X]