Development economics is a branch of economics which deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels.
Robert Merton Solow, GCIH is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology, where he has been a professor since 1949. He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond and William Nordhaus, later received Nobel Memorial Prizes in Economic Sciences in their own right.
The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community". The NBER is known for providing start and end dates for recessions in the United States.
Martin Stuart Feldstein was an American economist. He was the George F. Baker Professor of Economics at Harvard University and the president emeritus of the National Bureau of Economic Research (NBER). He served as president and chief executive officer of the NBER from 1978 to 2008. From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan. Feldstein was also a member of the Washington-based financial advisory body the Group of Thirty from 2003.
Michio Morishima was a Japanese heterodox economist and public intellectual who was the Sir John Hicks Professor of Economics at the London School of Economics from 1970–88. He was also professor at Osaka University and member of the British Academy. In 1976 he won the Order of Culture.
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.
Michael Jay Boskin is the T. M. Friedman Professor of Economics and senior fellow at Stanford University's Hoover Institution. He also is chief executive officer and president of Boskin & Co., an economic consulting company.
Kaushik Basu is an 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. Kaushik Basu is winner of the Humboldt Research Award 2021.
Sir Timothy John Besley, is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE).
James Michael "Jim" Poterba, FBA is an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer.
The Feldstein–Horioka puzzle is a widely discussed problem in macroeconomics and international finance, which was first documented by Martin Feldstein and Charles Horioka in a 1980 paper. Economic theory assumes that if investors can easily invest anywhere in the world, acting rationally they would invest in countries offering the highest return per unit of investment. This would drive up the price of the investment until the return across different countries is similar.
The Deutsche Bank Prize in Financial Economics honors renowned researchers who have made influential contributions to the fields of finance and money and macroeconomics, and whose work has led to practical and policy-relevant results. It was awarded biannually from 2005 to 2015 by the Center for Financial Studies (CFS), in partnership with Goethe University Frankfurt, and is sponsored by Deutsche Bank Donation Fund. The award carried an endowment of €50,000, which was donated by the Stiftungsfonds Deutsche Bank im Stifterverband für die Deutsche Wissenschaft.
Peter David Drysdale is an Australian economist and writer. He is Emeritus Professor of Economics in the Crawford School of Public Policy in the College of Asia and the Pacific at the Australian National University. He was executive director of the Australia-Japan Research Centre (AJRC) until 2002.
Nadarajan "Raj" Chetty is an Indian-American economist and the William A. Ackman Professor of Public Economics at Harvard University. Some of Chetty's recent papers have studied equality of opportunity in the United States and the long-term impact of teachers on students' performance. Offered tenure at the age of 28, Chetty became one of the youngest tenured faculty in the history of Harvard's economics department. He is a recipient of the John Bates Clark Medal and a 2012 MacArthur Fellow. Currently, he is also an advisory editor of the Journal of Public Economics. In 2020, he was awarded the Infosys Prize in Economics, the highest monetary award recognizing achievements in science and research, in India.
The Summer Palace Dialogue (SPD) is an economic forum which brings together economists from both China and the United States to discuss economic cooperation between the two largest economies in the world. SPD is co-hosted by Chinese Economists 50 Forum and the Columbia Global Centers East Asia, and was formerly co-hosted by the Brookings Institution. It was founded in 2009 by former Vice Chairman of the Joint Chiefs of Staff and current Chairman of AEA Investors Admiral Bill Owens and Vice Minister Liu He of the Chinese Central Leading Group on Financial and Economic Affairs. The forum extends for two days. Participants spend the first day in private discussions and then convene a half-day public session to summarize their observations, analyses, and conclusions with the press and a broader audience. The Summer Palace Dialogue is scheduled annually in mid-September in Beijing, right before the Summer World Economic Forum in Dalian. The third annual Summer Palace Dialogue was held on September 12–13, 2011.
William A. "Sandy" Darity Jr. is an American economist and social sciences researcher. Darity's research spans economic history, development economics, economic psychology, and the history of economic thought, but most of his research is devoted to group-based inequality, especially with respect to race and ethnicity. His 2005 paper in the Journal of Economics and Finance established Darity as the 'founder of stratification economics.' His varied research interests have also included the trans-Atlantic slave trade, African American reparations and the economics of black reparations, and social and economic policies that affect inequities by race and ethnicity. For the latter, he has been described as "perhaps the country’s leading scholar on the economics of racial inequality."
Masahiko Aoki was a Japanese economist, Tomoye and Henri Takahashi Professor Emeritus of Japanese Studies in the Economics Department, and Senior Fellow of the Stanford Institute for Economic Policy Research and Freeman Spogli Institute for International Studies at Stanford University. Aoki was known for his work in comparative institutional analysis, corporate governance, the theory of the firm, and comparative East Asian development.
William Richard Allen was an American economist, professor and author. He was known for his authorship of economic literature alongside frequent co-author Armen Alchian.
Lisa M. Lynch is an American economist working as Maurice B. Hexter Professor of Social and Economic Policy at Brandeis University’s Heller School for Social Policy and Management and Director of the Institute for Economic and Racial Equity. She was previously Provost and Interim President of Brandeis University and Dean of the Heller School, a faculty member at Massachusetts Institute of Technology, Ohio State University, and University of Bristol, and a co-editor of the Journal of Labor Economics. She is a past chief economist of the United States Department of Labor, chair of the board of directors of the Federal Reserve Bank of Boston, and president of the Labor and Employment Relations Association.
