- John Bates Clark Medal
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The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge".[1] According to the Chronicle of Higher Education, it "is widely regarded as one of the field’s most prestigious awards, perhaps second only to the Nobel in economic science."[2] The award was made biennially until 2007, but is being awarded every year from 2009 because many deserving went unawarded.[3] The committee cited economists such as Edward Glaeser and John A. List in campaigning that the award should be annual. Named after the American Neoclassical economist John Bates Clark (1847–1938), it is considered one of the two most prestigious awards in the field of economics, along with the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Following an average wait of 22 years, approximately 40% of past Medal winners have gone on to win the Bank of Sweden Prize in Economics, presented annually since 1969 at the Nobel Prize Award Ceremony in Stockholm. Moreover, 11 of the first 17 awardees (approximately 65%) went on to win the Nobel Prize Award.
Although the Clark medal is billed as a prize for "American" economists, it is sufficient that the candidates work in the US at the time of the award; US nationality is not necessary to be considered. In fact, two out of the last three winners were born, raised and educated outside the United States.
Contents
Past recipients
Twelve Clark Medal winners have gone on to win the Nobel Prize. (The date within parentheses is the year that the Nobel Prize was awarded or co-awarded to the Clark Medal recipient.)
- 1947 Paul A. Samuelson (1970), d. 2009
- 1949 Kenneth E. Boulding, d. 1993
- 1951 Milton Friedman (1976), d. 2006
- 1953 No Award
- 1955 James Tobin (1981), d. 2002
- 1957 Kenneth J. Arrow (1972, with John R. Hicks)
- 1959 Lawrence R. Klein (1980)
- 1961 Robert M. Solow (1987)
- 1963 Hendrik S. Houthakker, d. 2008
- 1965 Zvi Griliches, d. 1999
- 1967 Gary S. Becker (1992)
- 1969 Marc Leon Nerlove
- 1971 Dale W. Jorgenson
- 1973 Franklin M. Fisher
- 1975 Daniel McFadden (2000, with James J. Heckman)
- 1977 Martin S. Feldstein
- 1979 Joseph E. Stiglitz (2001, with George A. Akerlof and A. Michael Spence)
- 1981 A. Michael Spence (2001, with George A. Akerlof and Joseph E. Stiglitz)
- 1983 James J. Heckman (2000, with Daniel McFadden)
- 1985 Jerry A. Hausman
- 1987 Sanford J. Grossman
- 1989 David M. Kreps
- 1991 Paul R. Krugman (2008)
- 1993 Lawrence H. Summers
- 1995 David Card
- 1997 Kevin M. Murphy
- 1999 Andrei Shleifer
- 2001 Matthew Rabin
- 2003 Steven Levitt
- 2005 Daron Acemoglu
- 2007 Susan C. Athey
- 2009 Emmanuel Saez
- 2010 Esther Duflo
- 2011 Jonathan Levin
See also
References
- ^ John Bates Clark Medal
- ^ Chronicle of Higher Education, April 24, 2009.
- ^ New York Times January 4, 2009
External links
John Bates Clark Medal recipients Paul Samuelson (1947) · Kenneth E. Boulding (1949) · Milton Friedman (1951) · No Award (1953) · James Tobin (1955) · Kenneth Arrow (1957) · Lawrence Klein (1959) · Robert Solow (1961) · Hendrik S. Houthakker (1963) · Zvi Griliches (1965) · Gary Becker (1967) · Marc Nerlove (1969) · Dale W. Jorgenson (1971) · Franklin M. Fisher (1973) · Daniel McFadden (1975) · Martin Feldstein (1977) · Joseph Stiglitz (1979) · Michael Spence (1981) · James Heckman (1983) · Jerry A. Hausman (1985) · Sanford J. Grossman (1987) · David M. Kreps (1989) · Paul Krugman (1991) · Lawrence Summers (1993) · David Card (1995) · Kevin M. Murphy (1997) · Andrei Shleifer (1999) · Matthew Rabin (2001) · Steven Levitt (2003) · Daron Acemoğlu (2005) · Susan Athey (2007) · Emmanuel Saez (2009) · Esther Duflo (2010) · Jonathan Levin (2011)
Categories:- Economics awards
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