James Tobin was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System,and taught at Harvard and Yale Universities. He contributed to the development of key ideas in the Keynesian economics of his generation and advocated government intervention in particular to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment,monetary and fiscal policy and financial markets. He also proposed an econometric model for censored dependent variables,the well-known tobit model.
Stephen Alan "Steve" Ross was the inaugural Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management after a long career as the Sterling Professor of Economics and Finance at the Yale School of Management. He is known for initiating several important theories and models in financial economics. He was a widely published author in finance and economics,and was a coauthor of a best-selling Corporate Finance textbook.
Sterling Professor,the highest academic rank at Yale University,is awarded to a tenured faculty member considered the best in their field. It is akin to the rank of university professor at other universities.
Andrew B. Whinston is an American economist and computer scientist. He is the Hugh Roy Cullen Centennial Chair in Business Administration,Professor of Information Systems,Computer Science and Economics,and Director of the Center for Research in Electronic Commerce (CREC) in the McCombs School of Business at the University of Texas at Austin.
Ariel Rubinstein is an Israeli economist who works in economic theory,game theory and bounded rationality.
Donald Lewis Kohn is an American economist who served as the 18th vice chair of the Federal Reserve from 2006 to 2010. Prior to his term as vice chair,Kohn served as a member of the Federal Reserve Board of Governors,taking office in 2002. Fed's veteran,he retired after 40 years at the central bank,currently serving on the Financial Policy Committee for the Bank of England and as a Senior Fellow at the Brookings Institution.
The Yale School of Management is the graduate business school of Yale University,a private research university in New Haven,Connecticut. The school awards the Master of Business Administration (MBA),MBA for Executives (EMBA),Master of Advanced Management (MAM),Master's Degree in Systemic Risk (SR),Master's Degree in Global Business &Society (GBS),Master's Degree in Asset Management (AM),and Ph.D. degrees,as well as joint degrees with nine other graduate programs at Yale University.
David Frederick Swensen was an American investor,endowment fund manager,and philanthropist. He was the chief investment officer at Yale University from 1985 until his death in May 2021.
Benjamin Joseph Allen is an American academic who served as president of the University of Northern Iowa (UNI) from 2006 to 2013. It was announced on March 24,2017 that Allen would begin serving as interim president for Iowa State University on May 9 after former president Steven Leath announced he would be leaving for Auburn University.
David Knudsen Levine is an American economist. He is the Leverhulme International Professor of Economics at Royal Holloway,University of London;Robert Schuman Center for Advanced Study Joint Chair at the European University Institute;and the John H. Biggs Distinguished Professor of Economics Emeritus at Washington University in St. Louis. He previously taught at UCLA where he held the Armen Alchian Chair in Economic Theory and twice served as Chair of the Department. His research includes the study of intellectual property and endogenous growth in dynamic general equilibrium models,the endogenous formation of preferences,social norms and institutions,learning in games,and game theory applications to experimental economics.
Leonid Hurwicz was a Polish–American economist and mathematician,known for his work in game theory and mechanism design. He originated the concept of incentive compatibility,and showed how desired outcomes can be achieved by using incentive compatible mechanism design. Hurwicz shared the 2007 Nobel Memorial Prize in Economic Sciences for his seminal work on mechanism design. Hurwicz was one of the oldest Nobel Laureates,having received the prize at the age of 90.
Holt Bradford Westerfield was a Damon Wells Professor of International Studies and professor of political science at Yale University.
John Young Campbell is a British-American economist who has served as the Morton L. and Carole S. Olshan Professor of Economics at Harvard University since 1994.
Craig Milton Wright is an American music historian who holds the title of the Henry L. and Lucy G. Moses Professor of Music Emeritus at Yale University. He studied at the Eastman School of Music from 1962 to 1966,and at Harvard University from 1966 and 1972,where he obtained an M.A. and a Ph.D. in musicology. Wright completed his Ph.D. in 1972 with a thesis titled Music at the Court of Burgundy,1364-1419. After a year teaching at the University of Kentucky in Lexington,he moved to Yale in 1973,serving as the chair of the department of music from 1986 to 1992.
John Geanakoplos is an American economist,and the current James Tobin Professor of Economics at Yale University.
William C. "Bill" Brainard is an American economist. He is the Arthur Okun Professor Emeritus of Economics at Yale University,and he served as the provost of the university from 1981 to 1986. Brainard is the namesake of the William C. Brainard chair,which current Yale provost Ben Polak holds. Brainard earned both his economics M.A. (1959) and Ph.D. (1963) at Yale. He has been teaching at Yale since 1962.
Eric Eleterius Coralie van Damme is a Dutch economist and Professor of Economics at the Tilburg University,known for his contributions to game theory.
Michel Louis Balinski was an American and French applied mathematician,economist,operations research analyst and political scientist. Educated in the United States,from 1980 he lived and worked in France. He was known for his work in optimisation,convex polyhedra,stable matching,and the theory and practice of electoral systems,jury decision,and social choice. He was Directeur de Recherche de classe exceptionnelle (emeritus) of the C.N.R.S. at the École Polytechnique (Paris). He was awarded the John von Neumann Theory Prize by INFORMS in 2013.
Benjamin E. Hermalin is an American economist and university administrator. He holds professorships in the department of economics at the University of California,Berkeley and in Berkeley's Haas School of Business,where he is the Thomas &Alison Schneider Distinguished Professor of Finance. Since 2022,he has also been Berkeley's executive vice chancellor and provost.
The 2022 Nobel Memorial Prize in Economic Sciences was divided equally between the American economists Ben S. Bernanke,Douglas W. Diamond,and Philip H. Dybvig "for research on banks and financial crises" on 10 October 2022. The award was established in 1968 by an endowment "in perpetuity" from Sweden's central bank,Sveriges Riksbank,to commemorate the bank's 300th anniversary. Laureates in the Memorial Prize in Economics are selected by the Royal Swedish Academy of Sciences. The Nobel Committee announced the reason behind their recognition,stating:
"This year's laureates in the Economic Sciences,Ben Bernanke,Douglas Diamond and Philip Dybvig,have significantly improved our understanding of the role of banks in the economy,particularly during financial crises. An important finding in their research is why avoiding bank collapses is vital."
