| London School of Economics
All Souls College, Oxford
|University of Oxford
| Rohini Pande
| Amartya Sen
James M. Buchanan
|Citizen-candidate model, Political Agency Models, Economics of State Capacity
| Yrjö Jahnsson Award (2005)
John von Neumann Award (2010)
BBVA Foundation Frontiers of Knowledge Award (2022)
|Information at IDEAS / RePEc
Sir Timothy John Besley,(born 14 September 1960) 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).
He is also a commissioner on the National Infrastructure Commission, a Quondam Fellow of All Souls College, Oxford, and the director of the Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) at the LSE. In 2018, he served as president of the Econometric Society, and from 2006 to 2009 he was an external member of the Bank of England's Monetary Policy Committee. He won the 2005 Yrjö Jahnsson Award and the 2022 BBVA Foundation Frontiers of Knowledge Award.
Born in Lincolnshire,Sir Tim Besley attended Aylesbury Grammar School and then studied at Oxford University, where he gained a BA in Philosophy, Politics, and Economics (PPE) with First Class Honours from Keble College, winning the George Webb Medley Prize for best exam performance in his cohort for his second and third years. He continued his graduate studies at Oxford, receiving an MPhil in economics with Distinction and the George Webb Medley Prize for the best MPhil performance in his cohort, followed by a DPhil in Economics upon election as an Examination Fellow of All Souls College in 1984.
Besley's first position was as an assistant professor in the economics department and Woodrow Wilson School of Public and International Affairs at Princeton University, before returning to the UK in 1995 as professor of economics at LSE. He has served as the director of the Suntory-Toyota International Centres for Economics and Related Disciplines (STICERD), and as a member of the Steering Group for the International Growth Centre. He served on the Bank of England's Monetary Policy Committee from September 2006 to August 2009.
Besley is a research fellow of the Centre for Economic Policy Research, and a former member of the Institutions, Organizations and Growth Programme of the Canadian Institute for Advanced Research (CIFAR). He is a past research fellow of the Institute for Fiscal Studies and was a member of the Mirrlees Review committee. He is also a co-chair of the LSE Growth Commission and a member of the National Infrastructure Commission.
On the international level, Besley has served as a consultant to the World Bank and to the European Bank for Reconstruction and Development. In June 2021, he was appointed to the World Bank–International Monetary Fund High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, co-chaired by Mari Pangestu, Ceyla Pazarbasioglu, and Nicholas Stern.
Besley's research is focused on aspects of economic policy formation in developed and emerging market economies. He is one of the leading economists in restoring the study of political economy to prominence in mainstream economics.
A selected bibliography includes:
Sir Tim Besley is a Fellow of the British Academy, a fellow of the Econometric Society, and a foreign honorary member of the American Economic Association and the American Academy of Arts and Sciences. He was a co-editor of American Economic Review – the first person to serve in this position not based at a US university. He is the 2010 president of the European Economic Association. From 2014 to 2017, he served as president of the International Economic Association. In 2018, he began serving as president of the Econometric Society. In 2005, he won the Yrjö Jahnsson Award for European economics and was awarded the 2010 John von Neumann Award by the Rajk László College for Advanced Studies at Corvinus University of Budapest.Besley was appointed a Commander of the Order of the British Empire (CBE) in the 2010 Birthday Honours for services to Social Science, and a Knight Bachelor in the 2018 New Year Honours for services to Economics and Public Policy. For 2022 he was awarded the BBVA Foundation Frontiers of Knowledge Award.
Besley married political economist Gillian Paull in 1993; the couple has two sons. He lives in Barnes, Richmond upon Thames in London. He is a fan of Fulham Football Club.
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 to 1988. He was also professor at Osaka University and member of the British Academy. In 1976 he won the Order of Culture.
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.
Sir Richard William Blundell CBE FBA is a British economist and econometrician.
The Institute for International Economic Studies (IIES) is a Swedish research institute at Stockholm University, founded in the early 1960s. The main objective is to produce outstanding research for publication in leading international journals. The faculty at IIES consists of 18 full time researchers and publishes on around 4 papers in the top five economics journals each year.
Nobuhiro Kiyotaki FBA is a Japanese economist and the Harold H. Helms '20 Professor of Economics and Banking at Princeton University. He is especially known for proposing several models that provide deeper microeconomic foundations for macroeconomics, some of which play a prominent role in New Keynesian macroeconomics.
John Halstead Hardman Moore CBE FBA FRSE is an economic theorist. He was appointed George Watson's and Daniel Stewart's Chair of Political Economy at the University of Edinburgh School of Economics in 2000. In 2018 he was appointed the David Hume University Professor at the University of Edinburgh. Previously, in 1983, he was appointed to the London School of Economics, where in 1990 he became Professor of Economic Theory, a position he still holds.
Guido Enrico Tabellini is an Italian economist, rector of Bocconi University from November 2008 until July 2012.
Jordi Galí is a Spanish macroeconomist who is regarded as one of the main figures in New Keynesian macroeconomics today. He is currently the director of the Centre de Recerca en Economia Internacional at Universitat Pompeu Fabra and a Research Professor at the Barcelona Graduate School of Economics. After obtaining his doctorate from MIT in 1989 under the supervision of Olivier Blanchard, he held faculty positions at Columbia University and New York University before moving to Barcelona.
Torsten Persson is a Swedish economist who is the Swedish Research Council Distinguished Professor at the Institute for International Economic Studies, Stockholm University and Centennial Professor of Economics at the London School of Economics, and has held visiting positions at leading universities as Harvard, Princeton and Berkeley.
Maitreesh Ghatak is an Indian economist who is the professor of economics at the London School of Economics. He is an applied microeconomic theorist with research interests in economic development, public economics, and the economics of organisations.
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.
Seppo Mikko Sakari Honkapohja is a Finnish economist. He is a board member of the Bank of Finland and former Professor of International Macroeconomics of the University of Cambridge.
The Yrjö Jahnsson Foundation is a charitable foundation whose aims are to promote Finnish research in economics and medicine and to maintain and support educational and research facilities in Finland. It was established in 1954 by the wife of Yrjö Jahnsson, Hilma Jahnsson. It supports the award of the Yrjö Jahnsson Award and Yrjö Jahnsson Lecture series. These lectures have been delivered by noteworthy economists since 1963. 10 of the Yrjö Jahnsson Lecture series scholars have gone on to win the Nobel prize in economics, making it a top predictor for future recipients.
Robin Burgess, is a Professor of Economics, Co-founder and Director of the International Growth Centre, as well as Co-Founder and Director of the Economics of Energy and the Environment (EEE) program at the London School of Economics and Political Science.
Hélène Rey is a French economist who serves as Professor at London Business School (LBS). Her work focuses on international trade, financial imbalances, financial crises and the international monetary system.
Oriana Bandiera, FBA is an Italian economist and academic, specialising in development economics. She has been Professor of Economics at the London School of Economics since 2009. She is currently the Sir Anthony Atkinson Professor of Economics at the London School of Economics, and co-editor of Econometrica. Her area of study primarily concerns organizations and labor markets, and their relationship with the process of economic development.
María Silvana Tenreyro is a British-Argentine economist who is professor of Economics at the London School of Economics and an external member of the Bank of England's Monetary Policy Committee since July 2017. She served as the president of the European Economic Association for 2021.
Michèle Tertilt is a German professor of economics at the University of Mannheim. Before, Tertilt was an assistant professor at Stanford University. She also spent a year at the University of Pennsylvania and one year as a research fellow at the Hoover Institution. She is currently a director of the Review of Economic Studies and associate editor of the Journal of Development Economics. In 2017 she received the Yrjö Jahnsson Award – a biennial award by the European Economic Association and the Yrjö Jahnsson Foundation to a European economist no older than 45 years, who has made a contribution in theoretical and applied research that is significant to economics in Europe. In September 2013 she was awarded the Gossen Prize – an annual award by the Verein für Socialpolitik which recognizes the best published economist under 45 working in the German-speaking area. Tertilt is the first woman to win this prestigious German prize in economics. In 2019, she was awarded the Gottfried Wilhelm Leibniz Prize by the Deutsche Forschungsgemeinschaft. Her main focus is around development and intra-family interactions. She has also worked on consumer credit and bankruptcies.
Imran Rasul is a professor of economics at the University College London, managing editor of the Journal of the European Economic Association, and co-director of the Centre for the Microeconomic Analysis of Public Policy at the Institute for Fiscal Studies. His research interests include labour, development and public economics and he is considered to be one of the leaders within social norms and capital economics.
The Department of Economics is an academic department of the University of Oxford within the Social Sciences Division. Relatively recently founded in 1999, the department is located in the Norman Foster-designed Manor Road Building.