The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians.
It was founded on December 29, 1930, at the Statler Hotel in Cleveland, Ohio. It's first president was Irving Fisher.
As of 2014, there are about 700 Elected Fellows of the Econometric Society, making it one of the most prevalent research affiliations. [ failed verification ] New fellows are elected each year by the current fellows.
The sixteen founding members were Ragnar Frisch, Charles F. Roos, Joseph A. Schumpeter, Harold Hotelling, Henry Schultz, Karl Menger, Edwin B. Wilson, Frederick C. Mills, William F. Ogburn, J. Harvey Rogers, Malcolm C. Rorty, Carl Snyder, Walter A. Shewhart, Øystein Ore, Ingvar Wedervang and Norbert Wiener. The first president was Irving Fisher.
The Econometric Society sponsors the Economics academic journal Econometrica and publishes the journals Theoretical Economics and Quantitative Economics .
The Econometric Society is led by a President, who serves a one-year term. Election as a Fellow of the Econometric Society is considered by much of the economics profession to be an honor.
The Econometric Society sponsors several annual awards, in which the honored member delivers a lecture:
Ragnar Anton Kittil Frisch was a Norwegian economist and the co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969. He is known for being one of the founders of the discipline of econometrics, and for coining the widely used term pair macroeconomics/microeconomics in 1933.
Irving Fisher was an American economist, statistician, inventor, eugenicist and progressive social campaigner. He was one of the earliest American neoclassical economists, though his later work on debt deflation has been embraced by the post-Keynesian school. Joseph Schumpeter described him as "the greatest economist the United States has ever produced", an assessment later repeated by James Tobin and Milton Friedman.
Econometrica is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics. It is published by Wiley-Blackwell on behalf of the Econometric Society. The current editor-in-chief is Guido Imbens.
Ariel Rubinstein is an Israeli economist who works in economic theory, game theory and bounded rationality.
Sir Angus Stewart Deaton is a British-American economist and academic. Deaton is currently a Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Princeton School of Public and International Affairs and the Economics Department at Princeton University. His research focuses primarily on poverty, inequality, health, wellbeing, and economic development.
Hirsh Zvi Griliches was an economist at Harvard University. The works by Zvi Griliches mostly concerned the economics of technological change, including empirical studies of diffusion of innovations and the role of R & D, patents, and education.
Kenneth Jan Singleton is an American economist. He is a leading figure in empirical financial economics, and a faculty member at Stanford University.
Lars Peter Hansen is an American economist. He is the David Rockefeller Distinguished Service Professor of economics at the University of Chicago and a 2013 recipient of the Nobel Memorial Prize in Economics.
Sir Richard William Blundell CBE FBA is a British economist and econometrician.
Konstantinos "Costas" Meghir is a Greek-British economist. He studied at the University of Manchester where he graduated with a Ph.D. in 1985, following an MA in economics in 1980 and a BA in Economics and Econometrics in 1979. In 1997 he was awarded the Bodosakis foundation prize and in 2000 he was awarded the “Ragnar Frisch Medal” for his article “Estimating Labour Supply Responses using Tax Reforms”.
Henry Schultz was an American economist, statistician, and one of the founders of econometrics. Paul Samuelson named Schultz as one of the several "American saints in economics" born after 1860.
Griffith Conrad Evans was a mathematician working for much of his career at the University of California, Berkeley. He is largely credited with elevating Berkeley's mathematics department to a top-tier research department, having recruited many notable mathematicians in the 1930s and 1940s.
Stephen Edward Morris is an economic theorist and game theorist especially known for his research in the field of global games. Since July 2019, he has been Professor of Economics at the Massachusetts Institute of Technology. Prior to that he taught at Princeton, Yale, and the University of Pennsylvania. He was the editor of Econometrica for the period 2007–2011, and in 2019 served as president of the Econometric Society.
Hervé Moulin is a French mathematician who is the Donald J. Robertson Chair of Economics at the Adam Smith Business School at the University of Glasgow. He is known for his research contributions in mathematical economics, in particular in the fields of mechanism design, social choice, game theory and fair division. He has written five books and over 100 peer-reviewed articles.
John Philip Rust is an American economist and econometrician. John Rust received his PhD from MIT in 1983 and taught at the University of Wisconsin, Yale University and University of Maryland before joining Georgetown University in 2012. John Rust was awarded Frisch Medal in 1992 and became the fellow of Econometric Society in 1993.
Charles Frederick Roos was an American economist who made contributions to mathematical economics. He was one of the founders of the Econometric Society together with American economist Irving Fisher and Norwegian economist Ragnar Frisch in 1930. He served as Secretary-Treasurer during the first year of the Society and was elected as President in 1948. He was director of research of the Cowles Commission from September 1934 to January 1937.
Susanne M. Schennach is an economist and professor at Brown University. She is an econometrician whose work focuses on measurement error.
Vincent P. Crawford is an American economist. He is a Senior Research Fellow at the University of Oxford, following his tenure as Drummond Professor of Political Economy from 2010 to 2020. He is also Research Professor at the University of California, San Diego.
Robert Hugh Porter is an American economist and William R. Kenan, Jr. Professor of economics at Northwestern University. His research focuses on industrial organisation and auctions.