John Bates Clark Medal
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, perhaps second only to the Nobel Memorial Prize in Economic Sciences."[2] The award was made biennially until 2007, but is being awarded every year from 2009 because many deserving went unawarded.[3] The committee cited economists such as Edward Glaeser and John A. List in campaigning that the award should be annual. Named after the American economist John Bates Clark (1847–1938), it is considered one of the two most prestigious awards in the field of economics, along with the Nobel Prize. Following an average wait of 22 years, approximately 40% of past Medal winners have gone on to win the Nobel, presented annually since 1969 at the Nobel Prize Award Ceremony in Stockholm. Moreover, 11 of the first 17 awardees (approximately 65%) went on to win the Nobel.
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. Indeed, past winners such as Daron Acemoglu, Emmanuel Saez, and Esther Duflo were born in Turkey, Spain, and France, respectively.
Past recipients
Twelve Clark Medal winners have gone on to win the Nobel Prize.
Year | Medalists[4] | Institution at Time of Award | Nationality |
---|---|---|---|
1947 | Paul A. Samuelson | Massachusetts Institute of Technology | United States |
1949 | Kenneth E. Boulding | University of Michigan | United Kingdom |
1951 | Milton Friedman | University of Chicago | United States |
1953 | No award | ||
1955 | James Tobin | Yale University | United States |
1957 | Kenneth J. Arrow | Stanford University | United States |
1959 | Lawrence R. Klein | University of Pennsylvania | United States |
1961 | Robert M. Solow | Massachusetts Institute of Technology | United States |
1963 | Hendrik S. Houthakker | Harvard University | Netherlands |
1965 | Zvi Griliches | University of Chicago | Israel |
1967 | Gary S. Becker | University of Chicago | United States |
1969 | Marc Leon Nerlove | Yale University | United States |
1971 | Dale W. Jorgenson | Harvard University | United States |
1973 | Franklin M. Fisher | Massachusetts Institute of Technology | United States |
1975 | Daniel McFadden | University of California, Berkeley | United States |
1977 | Martin S. Feldstein | Harvard University | United States |
1979 | Joseph E. Stiglitz | Oxford University | United States |
1981 | A. Michael Spence | Harvard University | United States |
1983 | James J. Heckman | University of Chicago | United States |
1985 | Jerry A. Hausman | Massachusetts Institute of Technology | United States |
1987 | Sanford J. Grossman | Princeton University | United States |
1989 | David M. Kreps | Stanford University | United States |
1991 | Paul R. Krugman | Massachusetts Institute of Technology | United States |
1993 | Lawrence H. Summers | World Bank | United States |
1995 | David Card | Princeton University | Canada |
1997 | Kevin M. Murphy | University of Chicago | United States |
1999 | Andrei Shleifer | Harvard University | United States |
2001 | Matthew Rabin | University of California, Berkeley | United States |
2003 | Steven Levitt | University of Chicago | United States |
2005 | Daron Acemoğlu | Massachusetts Institute of Technology | Turkey, United States |
2007 | Susan C. Athey | Massachusetts Institute of Technology | United States |
2009 | Emmanuel Saez | University of California, Berkeley | France |
2010 | Esther Duflo | Massachusetts Institute of Technology | France |
2011 | Jonathan Levin | Stanford University | United States |
2012 | Amy Finkelstein | Massachusetts Institute of Technology | United States |
2013 | Raj Chetty | Harvard University | United States |
2014 | Matthew Gentzkow | University of Chicago | United States |
2015 | Roland G. Fryer, Jr. | Harvard University | United States |
2016 | Yuliy Sannikov | Princeton University | United States |
See also
References
- ^ John Bates Clark Medal
- ^ The Chronicle of Higher Education, April 24, 2009.
- ^ New York Times January 4, 2009
- ^ http://www.aeaweb.org/honors_awards/clark_medal.php