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]
Amartya Kumar Sen is an Indian economist and philosopher. Sen has taught and worked in England 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.
The invisible hand is a metaphor inspired by the Scottish economist and moral philosopher Adam Smith that describes the incentives which free markets sometimes create for self-interested people to accidentally act in the public interest, even when this is not something they intended. Smith originally mentioned the term in two specific, but different, economic examples. It is used once in his Theory of Moral Sentiments when discussing a hypothetical example of wealth being concentrated in the hands of one person, who wastes his wealth, but thereby employs others. More famously, it is also used once in his Wealth of Nations, when arguing that governments do not normally need to force international traders to invest in their own home country. In The Theory of Moral Sentiments (1759) and in The Wealth of Nations (1776) Adam Smith speaks of an invisible hand, never of the invisible hand.
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, Robinson incarnated the "Cambridge School" in most of its guises in the 20th century. She started out as a Marshallian, became one of the earliest and most ardent Keynesians after 1936, and ended up as a leader of the neo-Ricardian and post-Keynesian schools.
Frederick William Pethick-Lawrence, 1st Baron Pethick-Lawrence, PC was a British Labour politician who, among other things, campaigned for women's suffrage.
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.
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.
The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day.
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-born 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 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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