Educational career
Upon completion of his PhD in economics at Yale University in 1972, Joskow began his career at MIT July 1, 1972 in the Economics Department. While teaching here, he received numerous awards [5] - including honors from the Public Research Institution (1993), University of Florida, Best Paper Award (1993) International Association for Energy Economics, Edward A. Hewlett Award for the Advancement of Slavic Studies (1995), and the Distinguished Service Award, MIT School of Humanities and Social Sciences (1998). From 1994-1998, Joskow served as the head of the MIT Department of Economics. [5]
Among his many fellowships, Paul Joskow served in international organizations of his specialties in environmental and industrial economics. These include the Scientific Advisory Board of the Institut d'Economie Industrielle and the Fondation Jean-Jacques Laffont in Toulouse, France, and as a chair of the National Academies Board on Science, Technology and Economic Policy (STEP). Recently, Joskow has joined the Secretary of Energy Advisory Board (SEAB). [6]
He served as President of the Yale University Council from 1993 - 2006. Professor Joskow is a past-President of the International Society for New Institutional Economics, a Distinguished Fellow of the Industrial Organization Society, a distinguished Fellow of the American Economic Association, a Fellow of the Econometric Society, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, and a member of the Council on Foreign Relations. [5]
Personal life and education
Joskow was born in Brooklyn and raised in Queens. His father, Jules Joskow, was also an economist; Jules received his PhD in Economics from Columbia University, and co-founded NERA Economic Consulting. [7] He graduated from Francis Lewis High School, as part of the school's second graduating class. [8] Joskow received a BA from Cornell University in 1968, an MA in Philosophy and Economics in 1970 from Yale University, and a PhD in Economics from Yale University in 1972. Joskow was also a recipient of an Honorary Doctorate from the University of Paris – Dauphine in 2007.
In 1978 Joskow married Barbara Chasen, and the couple currently reside in both Boston and New York City. They have one daughter, Suzanne Zoe Joskow, born in 1983. She graduated from Yale College in 2005 and now works in Hollywood, California.
His nephew is the blogger Matthew Yglesias. [9]
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.
Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. Energy services can be defined as functions that generate and provide energy to the “desired end services or states”. The efficiency of energy services is dependent on the engineered technology used to produce and supply energy. The goal is to minimise energy input required to produce the energy service, such as lighting (lumens), heating (temperature) and fuel. The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level.
Oliver Eaton Williamson was an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom.
Hirsh Zvi Griliches was a Lithuanian-born 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. In 2023 he had 126 publication listed in Web of Science and a Hirsch index of 49, which places him into 2% of most productive economics professors in the USA.
Timothy Jerome Kehoe is an American economist and professor at the University of Minnesota. His area of specialty is macroeconomics and international economics.
Jean Tirole is a French economist who is currently a professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and psychology. In particular, he focuses on the regulation of economic activity in a way that does not hinder innovation while maintaining fair rules.
The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts.
Bengt Robert Holmström is a Finnish economist who is currently Paul A. Samuelson Professor of Economics (Emeritus) at the Massachusetts Institute of Technology. Together with Oliver Hart, he received the Central Bank of Sweden Nobel Memorial Prize in Economic Sciences in 2016.
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”.
Elhanan Helpman is an Israeli economist who is currently the Galen L. Stone Professor of International Trade at Harvard University. He is also a Professor Emeritus at the Eitan Berglas School of Economics at Tel Aviv University. Helpman is among the thirty most cited economists in the world according to IDEAS/RePEc.
Guido Enrico Tabellini is an Italian economist, rector of Bocconi University from November 2008 until July 2012.
Marc Leon Nerlove was an American agricultural economist and econometrician and a distinguished university professor emeritus in agricultural and resource economics at the University of Maryland. He was awarded the John Bates Clark Medal from the American Economic Association (AEA) in 1969 and held appointments at eight different universities from 1958–2016. The Clark Medal is awarded to an economist under the age of 40 who “is judged to have made the most significant contribution to economic thought and knowledge”, and when the AEA appointed him as a distinguished fellow in 2012, they cited his development of widely used econometric methods across a range of subjects, including supply and demand, time series analysis, production functions, panel analysis, and family demography.
Sergiu Hart is an Israeli mathematician and economist. He is the Chairperson of the Humanities Division of the Israel Academy of Sciences and Humanities, and the past President of the Game Theory Society (2008–2010). He is emeritus professor of mathematics and emeritus professor of economics, and member of the Center for the Study of Rationality, at the Hebrew University of Jerusalem in Israel.
Kenneth E. Train is an adjunct professor of Economics at the University of California, Berkeley, United States. He is also Vice President of NERA Economic Consulting, Inc. in San Francisco, California. He received a Bachelors in Economics at Harvard and PhD from UC Berkeley. He specializes in econometrics and regulation, with applications in energy, environmental studies, telecommunications and transportation.
Adrian Rodney Pagan is an Australian economist and Professor of Economics in the School of Economics at the University of Sydney. From 1995 to 2000, he was a member of the board of the Reserve Bank of Australia.
John Michael Van Reenen OBE is the Ronald Coase School Professor at the London School of Economics. He is also Director of the Programme On Innovation and Diffusion (POID) at the Centre for Economic Performance. He was appointed an Officer of the Order of the British Empire (OBE) and received the Yrjö Jahnsson Award. He was appointed as Chair of the Council of Economic Advisors to the UK Chancellor of the Exchequer, Rachel Reeves, on July 5 2024.
Toulouse School of Economics is a school of economics, affiliated with Toulouse 1 Capitole University, a constituent college of the Federal University of Toulouse Midi-Pyrénées. It is located in the city of Toulouse, France.
Bernard Marinus Siegfried van Praag is a Dutch economist, and distinguished university professor at the University of Amsterdam, noted for researching the measurement of welfare, as well-being and happiness.
William Breit (1933–2011) was an American economist, mystery novelist, and professional comedian. Breit was born in New Orleans. He received his undergraduate and master's degrees from the University of Texas and his Ph.D. from Michigan State University in 1961. He was an Assistant and associate professor of economics at Louisiana State University (1961–1965) On the recommendation of Milton Friedman he was interviewed and hired at the University of Virginia where he was Associate Professor and Professor of Economics (1965–1983). He returned to his San Antonio as the E.M. Stevens Distinguished Professor of Economics at Trinity University in 1983 and retired as the Vernon F. Taylor Distinguished Professor Emeritus in 2002. He is considered an expert in the history of economic thought and anti-trust economics. He established the Nobel Laureate Lecture Series at Trinity University and is most notable as a mystery novelist where their murder mysteries are solved by applying basic economic principles.
Rohini Pande is an economist who is currently the Henry J. Heinz II Professor of Economics and Director of the Economic Growth Center at Yale University. She was previously the Rafik Hariri Professor of International Political Economy and Mohammed Kamal Professor of Public Policy at Harvard Kennedy School. Pande was the Co-Director of Center for International Development at Harvard University's Evidence for Policy Design research program (EPoD) and serves on the board of directors of the Abdul Latif Jameel Poverty Action Lab, MIT. She also serves on the board of the Bureau for Research and Economic Analysis of Development (BREAD), the Committee on the Status of Women in the Economic Profession (CSWEP) and as a co-editor of the American Economic Association's (AEA) journal American Economic Review: Insights. She is a Faculty Research Associate at NBER, CEPR and the IFPRI. Her research focuses on the economic analysis of the politics and consequences of different forms of redistribution, principally in developing countries. Her outstanding and empirical findings in fields of governance and accountability, women’s empowerment, role of credit in poverty, the economic aspects of the environment and the potential of policy design in these areas, won her the Infosys Prize 2022 in Social Sciences.
