John Bates Clark Medal

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The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." [1]


According to The Chronicle of Higher Education , it "is widely regarded as one of the field's most prestigious awards... second only to the Nobel Memorial Prize in Economic Sciences." [2] Many of the recipients went on to receive the Nobel Prizes in their later careers, including the inaugural recipient Paul Samuelson. The award was made biennially until 2007, but from 2009 is now awarded every year because of the growth of the field. [3] The award is named after the American economist John Bates Clark (1847–1938). Although the Clark medal is billed as a prize for American economists, it is sufficient that the candidates work in the US at the time of the award; US nationality is not necessary to be considered. [1]

Past recipients

YearMedalists [1] Institution (at time of receipt)Alma mater (PhD)Nationality Nobel Prize
1947 Paul Samuelson Massachusetts Institute of Technology Harvard University United States 1970
1949 Kenneth E. Boulding University of Michigan University of Oxford United States
1951 Milton Friedman University of Chicago Columbia University United States1976
1955 James Tobin Yale University Harvard UniversityUnited States1981
1957 Kenneth Arrow Stanford University Columbia UniversityUnited States1972
1959 Lawrence Klein University of Pennsylvania Massachusetts Institute of TechnologyUnited States1980
1961 Robert Solow Massachusetts Institute of TechnologyHarvard UniversityUnited States1987
1963 Hendrik S. Houthakker Harvard University University of Amsterdam Netherlands
1965 Zvi Griliches Harvard UniversityUniversity of Chicago Israel
1967 Gary Becker University of ChicagoUniversity of ChicagoUnited States1992
1969 Marc Nerlove Yale University Johns Hopkins University United States
1971 Dale W. Jorgenson Harvard UniversityHarvard UniversityUnited States
1973 Franklin M. Fisher Massachusetts Institute of TechnologyHarvard UniversityUnited States
1975 Daniel McFadden University of California, Berkeley University of Minnesota United States2000
1977 Martin Feldstein Harvard UniversityUniversity of OxfordUnited States
1979 Joseph Stiglitz Princeton University Massachusetts Institute of TechnologyUnited States2001
1981 Michael Spence Harvard UniversityHarvard UniversityUnited States2001
1983 James Heckman University of ChicagoPrinceton UniversityUnited States2000
1985 Jerry A. Hausman Massachusetts Institute of TechnologyUniversity of OxfordUnited States
1987 Sanford J. Grossman Princeton UniversityUniversity of ChicagoUnited States
1989 David M. Kreps Stanford UniversityStanford UniversityUnited States
1991 Paul Krugman Massachusetts Institute of TechnologyMassachusetts Institute of TechnologyUnited States2008
1993 Lawrence Summers World Bank Harvard UniversityUnited States
1995 David Card University of California, BerkeleyPrinceton University Canada 2021
1997 Kevin M. Murphy University of ChicagoUniversity of ChicagoUnited States
1999 Andrei Shleifer Harvard UniversityMassachusetts Institute of TechnologyUnited States
2001 Matthew Rabin University of California, BerkeleyMassachusetts Institute of TechnologyUnited States
2003 Steven Levitt University of ChicagoMassachusetts Institute of TechnologyUnited States
2005 Daron Acemoglu Massachusetts Institute of Technology London School of Economics Turkey, United States
2007 Susan Athey Stanford UniversityStanford UniversityUnited States
2009 Emmanuel Saez University of California, BerkeleyMassachusetts Institute of Technology France
2010 Esther Duflo Massachusetts Institute of TechnologyMassachusetts Institute of TechnologyFrance2019
2011 Jonathan Levin Stanford UniversityMassachusetts Institute of TechnologyUnited States
2012 Amy Finkelstein Massachusetts Institute of TechnologyMassachusetts Institute of TechnologyUnited States
2013 Raj Chetty Harvard UniversityHarvard UniversityUnited States
2014 Matthew Gentzkow University of ChicagoHarvard UniversityUnited States
2015 Roland G. Fryer Jr. Harvard University Pennsylvania State University United States
2016 Yuliy Sannikov Princeton UniversityStanford University Ukraine
2017 Dave Donaldson [4] Stanford University [5] London School of EconomicsCanada
2018 Parag Pathak [6] Massachusetts Institute of TechnologyHarvard UniversityUnited States [7]
2019 Emi Nakamura [8] University of California, BerkeleyHarvard UniversityUnited States and Canada
2020 Melissa Dell [9] Harvard UniversityMassachusetts Institute of TechnologyUnited States
2021 Isaiah Andrews [10] Harvard UniversityMassachusetts Institute of TechnologyUnited States

See also

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  3. Rampell, Catherine (4 January 2009). "Prize Deflation". Economix. The New York Times. Retrieved 20 April 2018.
  4. "A trade economist wins the John Bates Clark medal".
  5. "Professor Dave Donaldson awarded the 2017 John Bates Clark Medal – Economics".
  6. "Parag Pathak, Clark Medalist 2018". American Economic Association. Retrieved 20 April 2018.
  7. "Parag Pathak, 2003". P.D. Soros Fellowship for New Americans. Retrieved 20 April 2018.
  8. "Emi Nakamura, Clark Medalist 2019". American Economic Association.
  9. "Melissa Dell, Clark Medalist 2020". American Economic Association.
  10. "Isaiah Andrews, Clark Medalist 2021". American Economic Association.