The Foundation for Teaching Economics(FTE) is an organization founded in 1975 that promotes economics education by hosting workshops for high school students and teachers, and by providing educational resources to teachers.
The Foundation for Teaching Economics(FTE) is an organization founded in 1975 that promotes economics education by hosting workshops for high school students and teachers, and by providing educational resources to teachers.
The organization was established in 1975 by Jaquelin H. Hume, the co-founder of Basic American Foods. [1] [2] [3] The foundation promotes the teaching of economics in elementary and high schools in the United States. [1] and describes its mission as promoting "excellence in economic education by helping teachers of economics become more effective educators". [4]
As of 2009, Jaquelin H. Hume's two sons William J. Hume and George H. Hume served on the Board of Trustees. [5] The other trustees were Orley Ashenfelter, a professor of economics at Princeton University; Arthur J. Hedge, an investor; Caroline Hoxby, a professor of economics at Stanford University; Jay Jacobs, an investor; Edward A. Landry, an attorney; John Manfredi, an investor; Douglass North, the 1993 winner of the Nobel Memorial Prize in Economic Sciences; Vernon L. Smith, the 2002 winner of the Nobel Memorial Prize in Economic Sciences; and Christopher A. Wright, an investor. [5]
Gary Stanley Becker was an American economist who received the 1992 Nobel Memorial Prize in Economic Sciences. He was a professor of economics and sociology at the University of Chicago, and was a leader of the third generation of the Chicago school of economics.
An economist is a professional and practitioner in the social science discipline of economics.
Daniel Little McFadden is an American econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman. McFadden's share of the prize was "for his development of theory and methods for analyzing discrete choice". He is the Presidential Professor of Health Economics at the University of Southern California and Professor of the Graduate School at University of California, Berkeley.
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.
Theodore William Schultz was an American Agricultural economist and chairman of the University of Chicago Department of Economics. Schultz rose to national prominence after winning the 1979 Nobel Memorial Prize in Economic Sciences.
Omicron Delta Epsilon is an international honor society in the field of economics, formed from the merger of Omicron Delta Gamma and Omicron Chi Epsilon, in 1963. Its board of trustees includes well-known economists such as Robert Lucas, Paul Romer, and Robert Solow. ODE is a member of the Association of College Honor Societies; the ACHS indicates that ODE inducts approximately 4,000 collegiate members each year and has more than 100,000 living lifetime members. There are approximately 700 active ODE chapters worldwide. New members consist of undergraduate and graduate students, as well as college and university faculty; the academic achievement required to obtain membership for students can be raised by individual chapters, as well as the ability to run for office or wear honors cords during graduation. It publishes an academic journal entitled The American Economist twice each year.
David Edward Card is a Canadian-American labour economist and the Class of 1950 Professor of Economics at the University of California, Berkeley, where he has been since 1997. He was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences "for his empirical contributions to labour economics", with Joshua Angrist and Guido Imbens jointly awarded the other half.
Jean Tirole is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and psychology. Especially he focused on regulation of economics where he wants that it will not hinder the inovation and it will keeps a fair rules.
David E. Bloom is an American author, professor, economist, and demographer. He is a Professor of Economics and Demography at the Harvard School of Public Health, and director of the Program on the Global Demography of Aging. He is widely considered as one of the greatest multidisciplinary social science researchers of the world.
Michael Robert Kremer is an American development economist who is University Professor in Economics And Public Policy at the University of Chicago. He is the founding director of the Development Innovation Lab at the Becker Friedman Institute for Economics. Kremer served as the Gates Professor of Developing Societies at Harvard University until 2020. In 2019, he was jointly awarded the Nobel Memorial Prize in Economics, together with Esther Duflo and Abhijit Banerjee, "for their experimental approach to alleviating global poverty."
Eric Stark Maskin is an American economist and mathematician. He was jointly awarded the 2007 Nobel Memorial Prize in Economic Sciences with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory". He is the Adams University Professor and Professor of Economics and Mathematics at Harvard University.
Abhijit Vinayak Banerjee is an Indian-American economist who is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty". He and Esther Duflo, who are married, are the sixth married couple to jointly win a Nobel Prize.
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is an economics award administered by the Nobel Foundation.
William J. Hume, known as Jerry Hume, is an American businessman and conservative philanthropist.
Jaquelin Holliday "Jack" Hume (1905–1991) was an American businessman and conservative philanthropist. He co-founded Basic American Foods, the world's largest producer of dried onion and garlic, and later dried potatoes, for instant mashed potatoes and boxed potato casseroles. He was a major donor to President Ronald Reagan, and a patron of the arts.
George H. Hume is an American heir, businessman and philanthropist. He serves as president and chief executive officer of Basic American Foods, the world's largest producer of dried onion, garlic and potato products. He served as president of the San Francisco Opera Association from 2006 to 2013, and currently serves as its vice chairman.
The Jaquelin Hume Foundation is a 501(c)(3) organization "support[ing] free-market solutions to education reform," and funds many right-wing and libertarian organizations. Established in 1962 and headquartered in San Francisco, California. Businessman Jaquelin Hume began financing various free-market policies and started focusing its money more specifically in education reform "including charter schools, vouchers, standards and curricula,". It has granted donations to the Center for Education Reform, the State Policy Network, the Institute for Justice, the Alliance for School Choice, and the Association of American Educators.
The 2021 Nobel Memorial Prize in Economic Sciences was divided one half awarded to the American-Canadian David Card "for his empirical contributions to labour economics", the other half jointly to Israeli-American Joshua Angrist and Dutch-American Guido W. Imbens "for their methodological contributions to the analysis of causal relationships." The Nobel Committee stated their reason behind the decision, saying:
"This year's Laureates – David Card, Joshua Angrist and Guido Imbens – have shown that natural experiments can be used to answer central questions for society, such as how minimum wages and immigration affect the labour market. They have also clarified exactly which conclusions about cause and effect can be drawn using this research approach. Together, they have revolutionised empirical research in the economic sciences."
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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