| | 41 | Name: | Dr. Paul Krugman | | | Institution: | Woodrow Wilson School, Princeton University; The New York Times; Citu University of New York; Luxembourg Income Study | | | Year Elected: | 2011 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1953 | | | | | | |
Paul Krugman is the author or editor of more than 20 books and 200 papers in professional journals and edited volumes, including: (with E. Helpman) Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy, 1985; Exchange-Rate Instability, 1988; The Age of Diminished Expectations: U.S. Economic Policy in the 1990s, 1990; Rethinking International Trade, 1990; (with G. de la Dehesa, C. Taylor) The Risks Facing the World Economy, 1991; Geography and Trade, 1991; Currencies and Crises, 1992; World Savings Shortage, 1994; (with E. Graham) Foreign Direct Investment in the U.S., 1995; Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations, 1995; Development, Geography, and Economic Theory, 1995; (with G. de la Dehesa) The Self Organizing Economy, 1996; (with M. Fujita, A. Venables) The Spatial Economy: Cities, Regions and International Trade, 1999; The Return of Depression Economics, 1999; Fuzzy Math: The Essential Guide to the Bush Tax Plan, 2001; The Great Unraveling: Losing Our Way in the New Century, 2003; The Conscience of a Liberal, 2007; The Return of Depression Economics and the Crisis of 2008, 2008; End This Depression Now!, 2012. Editor: Strategic Trade Policy and the New International Economics, 1986; 1991; (with A. Smith) Empirical Studies of Strategic Trade Policy, 1994; and Currency Crises, 2000. His professional reputation rests largely on work in international trade and finance; he is one of the founders of the "new trade theory," a major rethinking of the theory of international trade. In recognition of that work, the American Economic Association awarded him its John Bates Clark medal in 1991 and in 2008 he was awarded the Nobel Memorial Prize in Economic Sciences. In 2013 he received the Four Freedoms Award in Freedom of Speech. He received his Ph.D. from MIT in 1977. His current academic research focuses on economic and currency crises. He joined the New York Times in 1999 as a columnist on the Op-Ed Page. He was elected a member of the American Academy of Arts & Sciences in 1992 and the American Philosophical Society in 2011. | |
| 42 | Name: | Dr. David I. Laibson | | | Institution: | Harvard University; National Institutes of Health | | | Year Elected: | 2022 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1966 | | | | | | |
David Laibson is the Robert I. Goldman Professor of Economics, the Faculty Dean of Lowell House, and leader of the Foundations of Human Behavior Initiative at Harvard University. He has spent the majority of his career at Harvard, including as Harvard College Professor from 2008 to 2013, and chair of the Department of Economics from 2015 to 2018. He earned his Ph.D. from the Massachusetts Institute of Technology in 1994.
Laibsonʼs research focuses on the topic of behavioral economics, with emphasis on intertemporal choice, self-regulation, behavior change, household finance, public finance, macroeconomics, asset pricing, aging, and biosocial science. Laibson is a member of the National Bureau of Economic Research, where he directs the National Institute of Aging Roybal Center for Behavior Change in Health and Savings, and is a Research Associate in the Aging, Asset Pricing, and Economic Fluctuations Working Groups. He serves on Harvardʼs Pension Investment Committee and on the Board of the Russell Sage Foundation, where he chairs the finance committee. Laibson serves on the advisory boards of the Social Science Genetics Association Consortium and the Consumer Finance Institute of the Federal Reserve Bank of Philadelphia. Laibson has served as a member of the Academic Research Council of the Consumer Financial Protection Bureau.
Laibson is a recipient of a Marshall Scholarship, a two-time recipient of the TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, and a recipient of Harvardʼs ΦΒΚ Prize. He is a fellow of the Econometric Society, and a member of both the American Academy of Arts & Sciences and the National Academy of Sciences. He was elected a member of the American Philosophical Society in 2022. | |
| 43 | Name: | Dr. Wassily Leontief | | | Institution: | New York University | | | Year Elected: | 1951 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1905 | | | Death Date: | 2/5/99 | | | | |
| 44 | Name: | Dr. Glenn Cartman Loury | | | Institution: | Brown University | | | Year Elected: | 2011 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1948 | | | | | | |
Glenn Loury is an outstanding economist who has combined a track record of important and influential papers in applied economic theory with a profound commitment to the use of quantitative social science to address issues of race and inequality in America, a subject in which he is considered one of the leading intellectuals of the day. Having earned his Ph.D. from Massachusetts Institute of Technology in 1976, he has written foundational papers in many different literatures of economics. Among the subjects he has considered are the role of weak capital markets in the transmission of inequality; the role of market structure in promoting innovation; optimal taxation; exploitation of natural resources; the implications of affirmative action policies for worker and employer perceptions and decisions; the role of social capital in influencing economic behavior and outcomes; and the social and economic consequences of racial stigma. He has also been influential in terms of mentoring young economists interested in issues of race and inequality. In recognition of his work, he has won the American Book Award (1996), the Christianity Today Book Award (1996), and the John von Neumann Award (2005), and has been member of both the Council on Foreign Relations and the American Academy of Arts & Sciences (2000). His books include: One by One, From the Inside Out: Essays and Reviews on Race and Responsibility in America, 1995; The Anatomy of Racial Inequality, 2002; Race, Incarceration and American Values: The Tanner Lectures, 2008. He was elected a member of the American Philosophical Society in 2011. | |
| 45 | Name: | Dr. Robert E. Lucas | | | Institution: | University of Chicago | | | Year Elected: | 1997 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1938 | | | Death Date: | May 15, 2023 | | | | | | |
Robert Lucas, who was awarded the Nobel Memorial Prize in Economics in 1995, has been the single most influential intellectual force in macroeconomic theory in the past 30 years. He has led a generation of macroeconomists into a new style of work: explicitly dynamic, insistent on a particular equilibrium concept, attentive to the influence of expectation but insistent also on a particular way of formulating expectations and processing information. Dr. Lucas earned his B.A. and Ph.D. degrees from the University of Chicago and joined the faculty of his alma mater in 1975 after an 11-year stint at Carnegie Mellon University. Since 1980 he has held the univeristy's John Dewey Distinguished Service Professorship in Economics. | |
| 46 | Name: | Dr. Burton G. Malkiel | | | Institution: | Princeton University | | | Year Elected: | 2001 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1932 | | | | | | |
Burton Malkiel is one of the world's leading academic analysts of the financing of private firms and public enterprise. His research has provided new insights, new analytic methods and important applications for theory and practice. He is sought after in academia, government and private business. In addition, he has wide ranging interests in the arts, in genealogy and in a variety of other fields. Dr. Malkiel earned his M.B.A. from the Harvard Graduate School of Business Administration in 1955 and his Ph.D. from Princeton University in 1964. He taught at Princeton from 1964-81, chairing the economics department from 1974-75 and 1977-81, before moving to Yale University to become dean of the Yale School of Organization and Management and William S. Beinecke Professor of Management Studies. In 1988 Dr. Malkiel returned to Princeton as Chemical Bank Chairman's Professor of Economics. | |
| 47 | Name: | Dr. William McChesney Martin | | | Institution: | Federal Reserve | | | Year Elected: | 1972 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1906 | | | Death Date: | 7/27/98 | | | | |
| 48 | Name: | Dr. Edward S. Mason | | | Institution: | Harvard University | | | Year Elected: | 1954 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1899 | | | Death Date: | 2/29/92 | | | | |
| 49 | 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. | |
| 50 | Name: | Dr. Wilbert E. Moore | | | Institution: | University of Denver | | | Year Elected: | 1958 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1914 | | | Death Date: | 1/5/88 | | | | |
| 51 | Name: | Dr. Roger B. Myerson | | | Institution: | University of Chicago | | | Year Elected: | 2019 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1951 | | | | | | |
Roger B. Myerson is currently David L. Pearson Distinguished Service Professor of Global Conflict Studies in the Harris School of Public Policy and Griffin Department of Economics at the University of Chicago. Prior to this he was Professor of Economics and Glen A. Lloyd Distinguished Service Professor of Economics. He earned his Ph.D. from Harvard University in 1976. Before moving to the University of Chicago he spent two and a half decades teaching at Northwestern University.
Roger Myerson has made seminal contributions to the fields of economics and political science. In game theory, he introduced refinements of Nash’s equilibrium concept, and he developed techniques to characterize the effects of communication among rational agents who have different information. His analysis of incentive constraints in economic communication introduced fundamental concepts that are widely used in economic analysis, including the revelation principle and the revenue-equivalence theorem in auctions and bargaining. Myerson has also applied game-theoretic tools to political science, analyzing how political incentives can be affected by different electoral systems. He was awarded the 2007 Nobel Memorial Prize in Economic Sciences in recognition of his contributions to mechanism design theory, which analyzes rules for coordinating economic agents efficiently when they have different information and difficulty trusting each other. He has published op-ed pieces on democracy in Iraq and on how America should respond to the Ukraine crisis.
In addition to his Nobel Prize, he has won the Jean-Jacques Laffont Prize (Toulouse) in 2009 and the Oskar Morganstern Medal of the University of Vienna in 2013. He is a member of the American Academy of Arts & Sciences (council, vice president, 1999-2002), The Econometric Society (president, 2009), the National Academy of Sciences, 2009, and The Game Theory Society (president, 2012-14). He is the author of Game Theory: Analysis of Conflict (1991), Probability Models for Economic Decisions (2005), and Force and Restraint in Strategic Deterrence: A Game Theorist’s Perspective (2007). Roger Myerson was elected a member of the American Philosophical Society in 2019. | |
| 52 | Name: | Dr. William Nordhaus | | | Institution: | Yale University | | | Year Elected: | 2013 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1941 | | | | | | |
William Nordhaus is Sterling Professor of Economics at Yale University and recipient of the 2018 Nobel Prize in Economics. He was born in Albuquerque, New Mexico. He completed his undergraduate work at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology. He has been on the faculty of Yale University since 1967 and has been Full Professor of Economics since 1973. He is also Professor in Yale’s School of Forestry and Environmental Studies. Professor Nordhaus lives in downtown New Haven with his wife Barbara, who works at the Yale Child Study Center.
Nordhaus is a member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences. He is on the research staff of the National Bureau of Economic Research, the Cowles Foundation for Research, and has been a member and senior advisor of the Brookings Panel on Economic Activity, Washington, D.C. since 1972. Professor Nordhaus is current or past associate editor of several scientific journals. He was the first chair of the Advisory Committee for the Bureau of Economic Analysis and of the American Economic Association Committee on Federal Statistics. In 2004, he was awarded the prize of "Distinguished Fellow" by the American Economic Association and later was elected President of the American Economic Association for 2014-15. William Nordhaus was awarded the 2018 Nobel Prize in Economic Science for his pioneering work on the economic impact of climate change.
From 1977 to 1979, he was a Member of the President's Council of Economic Advisers. From 1986 to 1988, he served as the Provost of Yale University. He is currently Deputy Chair of the Board of Directors of the Boston Federal Reserve Bank. He has served on several committees of the National Academy of Sciences on topics including climate change, environmental accounting, risk, and the role of the tax system in climate change. William Nordhaus was elected a member of the American Philosophical Society in 2013.
He is the author of many books, among them Invention, Growth and Welfare, Is Growth Obsolete?, The Efficient Use of Energy Resources, Reforming Federal Regulation, Managing the Global Commons, Warming the World, and (joint with Paul Samuelson) the classic textbook, Economics, whose nineteenth edition was published in 2009. His most recent book on economic modeling of climate change, A Question of Balance (Yale University Press, 2008), was selected by Choice magazine as an Outstanding Academic Title of 2008.
Professor Nordhaus has also studied wage and price behavior, health economics, augmented national accounting, the political business cycle, and productivity. His 1996 study of the economic history of lighting back to Babylonian times found that the measurement of long-term economic growth has been significantly underestimated. He returned to Mesopotamian economics with a study of the costs of the U.S. war in Iraq, published before the war began, projecting a total cost as high as $2 trillion. He is the author of the DICE and RICE models of the economics of climate change, which have been widely used in research on studies of climate-change economics and policies. | |
| 53 | Name: | Dr. William N. Parker | | | Institution: | Yale University | | | Year Elected: | 1994 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1919 | | | Death Date: | April 29, 2000 | | | | |
| 54 | Name: | Dr. Dwight Heald Perkins | | | Institution: | Harvard University | | | Year Elected: | 2002 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1934 | | | | | | |
Dwight Perkins received a Ph.D. from Harvard University in 1964 and went on to spend his entire career there, serving as professor of Modern China Studies, professor of economics, and director of the Harvard Institute for International Development. Currently the Harold Hitchings Burbank Research Professor of Political Economy, Dr. Perkins is a leading scholar on the economics of China. He also deals often with Vietnam, Korea, and other Asian economies. He has served as advisor on Asian Affairs (especially China) to U.S. political leaders and has developed a deep appreciation of economic and broader social issues throughout Asia. Possessing Chinese language skills, he is also a fine analytical economist and has a keen sense of Asian culture and history. The period in which he directed Harvard's well known Institute for International Development is recognized as a highly successful one. Dr. Perkins is the author of Market Control and Planning in Communist China (1966); Agricultural Development in China, 1368-1968 (1969); China: Asia's Next Economic Giant? (1986); "Completing China's Move to the Market," Journal of Economic Perspectives (1994); "Reforming the Economic Systems of Vietnam and Laos," The Challenge of Reform in Indochina (editor Borjie Ljungren, 1993); (with J. Stern, et al) Industrialization and the State: Korea's Heavy and Chemical Industry Drive (1995); (with Li-Min Hsueh and Chen-Kuo Hsu) Industrialization and the State: Taiwan's Development Experience, 1950-1998 (2001); and (with David Lindauer and Steven Radelet) Economics of Development (6th edition, 2006). He is a trustee of the China Medical Board, New York, and director of the National Committee on U.S.-China Relations. Dr. Perkins was elected a member of the American Philosophical Society in 2002. | |
| 55 | Name: | Dr. Richard E. Quandt | | | Institution: | Princeton University | | | Year Elected: | 1991 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1930 | | | | | | |
In his four decades at Princeton University, Richard E. Quandt has ranged over the length and breadth of economics, making fundamental contributions to theory and to measurement method, as well as using first-rate method in a stunning variety of applied studies. As an econometrician, he witnessed and participated in a modelling revolution as well as the computer revolution, and many elements of the econometrician's standard analytical toolkit have their origins in his work. A pioneer in discrete dependent variables, in switching regime models, in tests of the standard regression assumptions, in relaxing assumptions about the distribution of error terms, and in many other now-common areas, he has made numerous contributions of lasting value to econometric analysis. As an economic theorist, Dr. Quandt made important early contributions to the theory of demand and to models of oligopoly supply. His model of demand by consumers with uncertain tastes made an important contribution to demand theory. It also introduced a technology for modelling consumer heterogeneity and its effects that greatly advanced the theory of individual choice. He worked on the impact of uncertainty, on rules of thumb, on capital rationing, on stability and on equilibrium existence. Perhaps more important for the development of economics was Dr. Quandt's view that economic theory should be integrated, along with econometric theory, in applied work. Born in Hungary and a graduate of Harvard University (Ph.D., 1957), Dr. Quandt has edited numerous professional journals and is the author of works such as Microeconomic Theory (3rd edition, 1980) and The Econometrics of Disequilibrium (1988). He is currently Hughes Rogers Professor of Economics Emeritus at Princeton University. | |
| 56 | Name: | Mr. David Rockefeller | | | Institution: | Rockefeller University | | | Year Elected: | 1959 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1915 | | | Death Date: | March 20, 2017 | | | | | | |
Born in 1915 into the famous Rockefeller oil family, David Rockefeller was a prominent businessman, banker and cultural philanthropist. A graduate of Harvard University (1936), he also studied at the London School of Economics and received his Ph.D. from The University of Chicago in 1940. In 1946 he joined the staff of the Chase National Bank, which subsequently became the Chase Manhattan Bank. Rockefeller served as its chairman and chief executive from 1969-80 and as chairman until 1981, continuing in the role of chairman of the bank's International Advisory Committee until 1999. A noted internationalist and supporter of the arts, Rockefeller was also the founder and Honorary Chairman of the Trilateral Commission, Chairman Emeritus of New York's Museum of Modern Art, Honorary Chairman of Rockefeller University, Honorary Chairman of the Council on Foreign Relations and Honorary Chairman of the Council of the Americas, as well as a non-executive board member at the Institute for International Economics. He was a regular attendee of the Bilderberg Conference and had acted as spokesman for the U.S. business community on several occasions. Rockefeller's publications include Unused Resources and Economic Waste (1940), Creative Management in Banking (1964) and Memoirs (2002). He died March 20, 2017 at the age of 101. | |
| 57 | Name: | Dr. Robert V. Roosa | | | Institution: | Brown Brothers Harriman | | | Year Elected: | 1966 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1918 | | | Death Date: | 12/23/93 | | | | |
| 58 | Name: | Dr. Henry Rosovsky | | | Institution: | Harvard University | | | Year Elected: | 1987 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1927 | | | Death Date: | November 11, 2022 | | | | | | |
Currently Lewis P. and Linda L. Geyser University Professor Emeritus, Henry Rosovsky has been affiliated with Harvard University since 1965, both as a professor and dean of arts and sciences (1973-84). Noted for his expertise in economics, particularly on the economic development of Japan, Dr. Rosovsky has also undertaken important writing on the role of universities and the importance of the liberal arts in education. He is the author of books such as Japanese Economic Growth (1973), Capital Formation in Japan, 1868-1940 (1981) and The University An Owner's Manual (1990). He has also served as the co-chair of the UNESCO World Bank Task Force on Higher Education and Society. A member of the American Academy of Arts & Sciences and a Chevalier of the Legion of Honour, Dr. Rosovsky is the recipient of awards such as the Encyclopedia Brittanica's Achievement in Life Award and the DuBois Medal in African-American Studies. | |
| 59 | Name: | Dr. Walt W. Rostow | | | Institution: | University of Texas at Austin | | | Year Elected: | 1983 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Deceased
| | | Birth Date: | 1916 | | | Death Date: | February 13, 2003 | | | | |
| 60 | Name: | Dr. Cecilia Elena Rouse | | | Institution: | Princeton University | | | Year Elected: | 2021 | | | Class: | 3. Social Sciences | | | Subdivision: | 302. Economics | | | Residency: | Resident | | | Living? : |
Living
| | | Birth Date: | 1963 | | | | | | |
Cecilia Elena Rouse is the Lawrence and Shirley Katzman and Lewis and Anna Ernst Professor in the Economics of Education and a Professor of Economics and Public Affairs at Princeton University. She is currently serving as chair of the Council of Economic Advisers in the Biden-Harris Administration and formerly served as dean of the Princeton School of Public and International Affairs. Her primary research interests are in labor economics with a focus on the economics of education. She has studied the economic benefit of education, including community college attendance, evaluated the Milwaukee Parental Choice Program, examined the effects of education inputs on student achievement, tested for the existence of discrimination in symphony orchestras, studied unions in South Africa, and estimated the effect of financial aid on college matriculation and student occupational choice, the effectiveness of technology-based programs in public schools, the impact of Florida’s school accountability and voucher programs on student outcomes, and the effect of performance-based scholarships on post-secondary student time use.
Rouse is the founding director of the Princeton University Education Research Section, a member of the National Academy of Education, the 2018 Eleanor Roosevelt Fellow of the American Academy of Political and Social Science, and a fellow of the Society of Labor Economists. She has been an editor of the Journal of Labor Economics, a senior editor of The Future of Children and a member of the editorial board of the American Economic Journal: Economic Policy. In 1998-99 she served a year in the White House as a Special Assistant to the President at the National Economic Council and from 2009-2011 served as a member of the President’s Council of Economic Advisers. She has also served on the board of directors of the Council on Foreign Relations, the National Bureau of Economic Research, The Pennington School, and the University of Rhode Island, and was a Director of the T. Rowe Price Equity Mutual Funds and T. Rowe Price Fixed Income Mutual Funds. She received her B.A. in economics from Harvard University in 1986 and a Ph.D. in economics from Harvard University in 1992. | |
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