Richard Nathaniel Rosett (February 29,1928 –April 4,2009) was an American economist and university administrator who served as the dean of the University of Chicago Booth School of Business from 1974 to 1982,Arts and Sciences at Washington University in St. Louis from 1984 to 1987,as well as chairman of the National Bureau of Economic Research.
Rosett was born on February 29,1928. He received his B.A. from Columbia University in 1953,and a PhD from Yale University in 1957. [1] [2]
He joined the University of Rochester's economics department in its founding year, [3] eventually becoming departmental chair from 1966 to 1974,during which he mentored future Nobel Prize winner Richard Thaler. Rosett had begun buying and collecting wine since the 1950s,and Thaler studied his wine buying habits and incorporated them into his award-winning research in Behavioral economics. [4] [5]
From 1974 to 1982,he served as the dean of the University of Chicago Booth School of Business. [6] [7] During his tenure,the school saw enrollment rise 50 percent,faculty increased by one-third,and enrollment doubled. The quality of enrolling students also increased greatly. [2] He was appointed Dean of Arts and Sciences at Washington University in St. Louis in 1984 and served in that position until 1987,when he stepped down and remained a professor of economics at the university until 1990.
From 1977,he has been a member of the executive committee of the National Bureau of Economic Research,eventually becoming chairman of NBER. [2] [8]
In 1990,he became Dean of the College of Business at Rochester Institute of Technology (now named Saunders College of Business) and served until 1996. [9] During his tenure,the school was named one of the top 50 undergraduate business programs by the U.S. News &World Report. As dean of the business college,he also helped found the U.S. Business School in Prague,an MBA program aimed at transforming the Czech economy from socialist to free market. [9] [10]
In 2006,Rosett received an honorary degree from Keuka College,where he was also a member of the college's board of trustees. [11] [12]
Rosett died on April 4,2009. [1]
Robert Cox Merton is an American economist,Nobel Memorial Prize in Economic Sciences laureate,and professor at the MIT Sloan School of Management,known for his pioneering contributions to continuous-time finance,especially the first continuous-time option pricing model,the Black–Scholes–Merton model. In 1997 Merton together with Myron Scholes were awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for the method to determine the value of derivatives.
Robert Emerson Lucas Jr. was an American economist at the University of Chicago. Widely regarded as the central figure in the development of the new classical approach to macroeconomics,he received the Nobel Prize in Economics in 1995 "for having developed and applied the hypothesis of rational expectations,and thereby having transformed macroeconomic analysis and deepened our understanding of economic policy". He was characterized by N. Gregory Mankiw as "the most influential macroeconomist of the last quarter of the 20th century". In 2020,he ranked as the 10th most cited economist in the world.
Andrew Michael Spence is a Canadian-American economist and Nobel laureate.
The University of Chicago Booth School of Business,also known as Chicago Booth,is the graduate business school of the University of Chicago,a private research university in Chicago,Illinois. Founded in 1898,Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 Nobel laureates in the Economic Sciences,more than any other business school in the world. The school has the third-largest endowment of any business school.
Richard H. Thaler is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015,Thaler was president of the American Economic Association.
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.
Robert William Fogel was an American economic historian and scientist,and winner of the 1993 Nobel Memorial Prize in Economic Sciences. As of his death,he was the Charles R. Walgreen Distinguished Service Professor of American Institutions and director of the Center for Population Economics (CPE) at the University of Chicago's Booth School of Business. He is best known as an advocate of new economic history (cliometrics) –the use of quantitative methods in history.
Robert Ward Vishny is an American economist and is the Myron S. Scholes Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the Eric J. Gleacher Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.
Michael Cole "Mike" Jensen is an American economist who works in the area of financial economics. Between 2000 and 2009 he worked for the Monitor Company Group,a strategy-consulting firm which became "Monitor Deloitte" in 2013. He holds the position of Jesse Isidor Straus Professor of Business Administration,Emeritus,at Harvard University.
Hugo Freund Sonnenschein was an American economist and educational administrator. He served as president of the University of Chicago from 1993 to 2000.
The University of Chicago Harris School of Public Policy is the public policy school of the University of Chicago in Chicago,Illinois,United States. It is located on the University of Chicago's main campus in Hyde Park. The school's namesake is businessman Irving B. Harris,who made a donation that established the Harris School in 1986. In addition to policy studies and policy analysis,the school requires its students to pursue training in economics and statistics through preliminary examinations and course requirements. Harris Public Policy offers joint degrees with the Booth School of Business,Law School,School of Social Service Administration,and the Graduate Division of the Social Sciences.
John August List is an American economist known for establishing field experiments as a tool in empirical economic analysis. He works at the University of Chicago,where he serves as Kenneth C. Griffin Distinguished Service Professor;from 2012 until 2018,he served as Chairman of the Department of Economics. Since 2016,he has served as Visiting Robert F. Hartsook Chair in Fundraising at Indiana University Lilly Family School of Philanthropy. List is noted for his pioneering contributions to field experiments in economics,with Nobel prize winning economist George Akerlof and noted law professor Cass Sunstein writing that "List has done more than anyone else to advance the methods and practice of field experiments." Nobel prize winning economist Gary Becker quipped that "John List's work in field experiments is revolutionary."
Mark Zupan is the President of Alfred University in Alfred,New York.
Joel Dean (1906–1979) was an American economist best known for his contributions to corporate finance theory in general,and particularly to the area of capital budgeting. He is regarded as one of the founders of business economics. His work on pricing remains influential in marketing.
Gary Bernard Gorton is an American economist who currently serves as the Frederick Frank Class of 1954 Professor of Finance at Yale School of Management. He is known for his theory on the role of repurchase agreements on the 2008 financial crisis.
Douglas Warren Diamond is an American economist. He is currently the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business,where he has taught since 1979. Diamond specializes in the study of financial intermediaries,financial crises,and liquidity. He is a former president of the American Finance Association (2003) and the Western Finance Association (2001-02).
Philip Hallen Dybvig is an American economist. He is the Boatmen's Bancshares Professor of Banking and Finance at the Olin Business School of Washington University in St. Louis.
Misbehaving:The Making of Behavioral Economics is a book by Richard Thaler,economist and professor at the University of Chicago's Booth School of Business. He won the Nobel Prize for Economics in 2017.
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."
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