The Adam Smith Prizes are prizes currently awarded for the best overall examination performance and best dissertation in Part IIB of the Economics Tripos (the graduation examination for economics undergraduates) at the University of Cambridge. [1] The prize - named after Scottish philosopher and economist Adam Smith - was originally established in 1891 and awarded triennially for the best submitted essay on a subject of the writer's choice. [2]
Adam Smith was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics" or "The Father of Capitalism", he wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work that treats economics as a comprehensive system and as an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of God's will and instead appeals to natural, political, social, economic, legal, environmental and technological factors and the interactions among them. Among other economic theories, the work introduced Smith's idea of absolute advantage.
Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
Amartya Kumar Sen is an Indian economist and philosopher. Sen has taught and worked in the United Kingdom and the United States since 1972. In 1998, Sen received the Nobel Memorial Prize in Economic Sciences for his contributions to welfare economics. He has also made major scholarly contributions to social choice theory, economic and social justice, economic theories of famines, decision theory, development economics, public health, and the measures of well-being of countries.
John Charles Harsanyi was a Hungarian-American economist who spent most of his career at the University of California, Berkeley. He was the recipient of the Nobel Memorial Prize in Economic Sciences in 1994.
Development as Freedom is a 1999 book about international development by Indian economist and philosopher Amartya Sen.
Part III of the Mathematical Tripos is a one-year master's-level taught course in mathematics offered at the Faculty of Mathematics, University of Cambridge. It is regarded as one of the most difficult and intensive mathematics courses in the world. Roughly one third of the students take the course as a continuation at Cambridge after finishing the Parts IA, IB, and II of the Mathematical Tripos resulting in an integrated Master's (M.Math), whilst the remaining two thirds are external students who take the course as a one-year Master's (M.A.St).
Joan Violet Robinson was a British economist known for her wide-ranging contributions to economic theory. One of the most prominent economists of the century, Joan Robinson incarnated the "Cambridge School" in most of its guises in the 20th century. She started out as a Marshallian; became, after 1936, one of the earliest and most ardent Keynesians; and ended up as a leader of the Neo-Ricardian and Post-Keynesian schools.
Ariel Rubinstein is an Israeli economist who works in economic theory, game theory and bounded rationality.
Philosophy and economics studies topics such as public economics, behavioural economics, rationality, justice, history of economic thought, rational choice, the appraisal of economic outcomes, institutions and processes, the status of highly idealized economic models, the ontology of economic phenomena and the possibilities of acquiring knowledge of them.
Social choice theory or social choice is a branch of welfare economics that studies the processes of collective decision-making. Social choice incorporates insights from economics, mathematics, and game theory to find the best ways to combine individual opinions, preferences, or beliefs into a single coherent measure of the quality of different outcomes, called a social welfare function. Social choice theory includes the closely-related field of voting theory, and is strongly tied to the field of mechanism design, which can be thought of as the combination of social choice with game theory.
Sir Partha Sarathi Dasgupta is an Indian-British economist who is Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom, and a fellow of St John's College, Cambridge.
Kaushik Basu is an Indian economist who was Chief Economist of the World Bank from 2012 to 2016 and Chief Economic Adviser to the Government of India from 2009 to 2012. He is the C. Marks Professor of International Studies and Professor of Economics at Cornell University, and academic advisory board member of upcoming Plaksha University. He began a three-year term as President of the International Economic Association in June 2017. From 2009 to 2012, during the United Progressive Alliance's second term, Basu served as the Chief Economic Adviser to the Government of India. Basu is winner of the Humboldt Research Award 2021.
Jim Giles is a journalist and business executive. He is currently a vice president at GreenBiz.
Bina Agarwal is an Indian development economist and Professor of Development Economics and Environment at the Global Development Institute at The University of Manchester. She has written extensively on land, livelihoods and property rights; environment and development; the political economy of gender; poverty and inequality; legal change; and agriculture and technological transformation.
Russell David "Russ" Roberts is an American-Israeli economist. He is currently a research fellow at Stanford University's Hoover Institution and president of Shalem College in Jerusalem. He is known for communicating economic ideas in understandable terms as host of the EconTalk podcast.
The Centre for the Study of Existential Risk (CSER) is a research centre at the University of Cambridge, intended to study possible extinction-level threats posed by present or future technology. The co-founders of the centre are Huw Price, Martin Rees and Jaan Tallinn.
Ketan Jayakrishna Patel is a British–Kenyan scientist who is Director of the MRC Weatherall Institute of Molecular Medicine and the MRC Molecular Haematology Unit at the University of Oxford. Until 2020 he was a tenured principal investigator at the Medical Research Council (MRC) Laboratory of Molecular Biology (LMB).
Mrinal Datta-Chaudhuri (1934–2015), popularly known as MDC, was an Indian theoretical economist, academic and a professor of the Delhi School of Economics. He was a member of the Institute for Advanced Study, Princeton. The Government of India awarded him the third highest civilian honour of the Padma Bhushan, in 2005, for his contributions to literature and education.
Stefanie Stantcheva is a Bulgarian-born French economist who has served as the Nathaniel Ropes Professor of Political Economy at Harvard University since 2021. She has been a member of the Conseil d’Analyse Économique since 2018. In 2018, she was described by The Economist as one of the best young economists of the decade.
The Faculty of Economics is one of the constituent departments of the University of Cambridge. It is composed of five research groups, in macroeconomics, microeconomic theory, economic history, econometrics, and empirical microeconomics. It is located in the Sidgwick Site in Cambridge, has been host to many distinguished economists, and is regarded as the birthplace of macroeconomics. 19 students or members of the faculty have won the Nobel Memorial Prize in Economic Sciences.
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