- Milton Friedman
Milton Friedman (July 31 1912 - November 16 2006) was an American Nobel Laureate economist and public intellectual. An advocate of laissez-faire capitalism, Friedman made major contributions to the fields of macroeconomics, microeconomics, economic history and statistics. In 1976, he was awarded the Nobel Prize in Economics for his achievements in the fields of consumption analysis, … - Amartya Sen
Amartya Kumar Sen CH (Hon) ("Ômorto Kumar Shen") (born 3 November 1933), is an Indian economist, philosopher, and a winner of the Bank of Sweden Prize in Economic Sciences (Nobel Prize for Economics) in 1998, for his work on famine, human development theory, welfare economics, the underlying mechanisms of poverty, and political liberalism. From 1998 to 2004 he was Master of Trinity College at Cambridge University, … - Joseph E. Stiglitz
Economist Joseph Stiglitz argues that the U.S. government should address the mortgage crisis by providing aid directly to homeowners, rather than to the financial institutions holding their mortgages. - Gary Becker
Gary Stanley Becker (born December 2, 1930) is an economist and a Nobel laureate. Born in Pottsville, Pennsylvania, Becker earned a B.A. at Princeton University in 1951 and a Ph.D. at the University of Chicago in 1955. He taught at Columbia University from 1957 to 1968, and then returned to Chicago, where he holds joint appointments with the department of economics and sociology and the graduate school of business. - George Akerlof
George Akerlof was born on June 17, 1940, in New Haven, Connecticut. Akerlof received his Bachelor's degree from Yale in 1962, and his Ph.D. in economics from MIT in 1966. It was during these years that Akerlof began conducting his extensive research in Keynesian macroeconomics. After graduating, Akerlof became an assistant professor at the University of California, Berkeley. - Paul Samuelson
Paul Anthony Samuelson (born May 15, 1915, in Gary, Indiana) is an American neoclassical economist known for his contributions to many fields of economics, beginning with his general statement of the comparative statics method in his 1947 book "Foundations of Economic Analysis". Samuelson was awarded the John Bates Clark Medal in 1947 and was sole recipient of the Nobel Prize in Economics in 1970, the second year of the Prize. - James Tobin
James Tobin (March 5, 1918 - March 11, 2002) was an American economist. Tobin advocated and developed the ideas of Keynesian economics. He believed that governments should intervene in the economy in order to stabilise output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. Furthermore, he proposed an econometric model for censored endogenous variables, … - Daniel Kahneman
Daniel Kahneman (born March 5, 1934 in Tel Aviv), is an Israeli-American psychologist and Nobel laureate, notable for his pioneering work on behavioral finance and hedonic psychology. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors using heuristics and in developing prospect theory. Kahneman spent his childhood years in Paris, France and moved to Israel in 1946. He received his B.Sc. - Robert Solow
Robert Merton Solow (born August 23, 1924) is an American economist particularly known for his work on the theory of economic growth. He was awarded the John Bates Clark Medal (in 1961) and the 1987 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. - Kenneth Arrow
Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is a Nobel Prize-winning economist whose work has been primarily in economic theory and operations, focusing on areas including social choice theory, risk bearing, medical economics, general equilibrium analysis, inventory theory, and the economics of information and innovation. - Herbert Simon
Herbert Alexander Simon (June 15, 1916 - February 9, 2001) was an American political scientist whose research ranged across the fields of cognitive psychology, computer science, public administration, economics, management, and philosophy of science and a professor, most notably, at Carnegie Mellon University. With almost a thousand, often very highly cited publications, he is one of the most influential social scientists of the 20th century. - Michael Spence
Michael Spence (born November 7, 1943) is an American-born, Canadian-raised economist and recipient of the 2001 Nobel Memorial Prize in Economics, along with George A. Akerlof and Joseph E. Stiglitz, for their work on the dynamics of information flows and market development. He conducted this research while at Stanford University. In the current technological environment - with ever more abundant information flows about market development, prices, profit margins, … - James Heckman
James Heckman (born April 19, 1944) is an economist at the University of Chicago. He shared the Nobel Memorial Prize in Economics in 2000 with Daniel McFadden for his pioneering work in econometrics and microeconomics. After graduating form Colorado College, he attended the University of Chicago for a single year before going to Princeton University where he received his Ph.D. in economics in 1971. Dr. - Robert Alexander Mundell
Professor Mundell has lectured widely in North and South America, Europe, Africa, Australia and Asia. He has been an adviser to a number of international agencies and organizations including the United Nations, the IMF, the World Bank, the Government of Canada, several governments in Latin America and Europe, the Federal Reserve Board and the US Treasury. - Edmund Phelps
Edmund Strother Phelps (born July 26, 1933 in Evanston, Illinois) is an American professor of economics at Columbia University, who was awarded the 2006 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, commonly known as the "Nobel Prize in Economics". He is renowned for his work on economic growth at Yale's Cowles Foundation in the 1960s, in particular the idea of the Golden Rule savings rate, … - Thomas Schelling
Thomas Crombie Schelling (born 14 April 1921) is an American economist and professor of foreign affairs, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland College Park. - Vernon L. Smith
Professor Vernon L. Smith pioneered the field of experimental economics nearly 50 years ago. He was awarded the Nobel Prize for Economics in 2002 for his contributions to the economic sciences. Before 1956, when Dr. Smith completed his first experiment, economic theory assumed markets are efficient only with a large number of buyers and sellers. Experimental methods were the first to test such theories. - Ronald Coase
Ronald Harry Coase (b. December 29, 1910) is a British economist and the Clifton R. Musser Professor Emeritus of Economics at the University of Chicago Law School. He graduated from the London School of Economics in 1931. Coase earned his doctorate from the University of London in 1951. He emigrated to the United States that same year and started work at the University of Buffalo. In 1958 he moved to the University of Virginia. - James M. Buchanan
James M. Buchanan , Nobel Prize winner in Economic Science, 1986, is currently Advisory General Director of the Center for Study of Public Choice, Distinguished Professor Emeritus of Economics, Board of Visitors, President, and Faculty George Mason University. - Harry Markowitz
Harry Max Markowitz (born August 24, 1927) is an influential economist at the Rady School of Management at the University of California, San Diego. Formerly at the RAND Corporation, Markowitz won the Nobel Prize in 1990 while a professor of finance at Baruch College of the City University of New York. He is best known for his pioneering work in modern portfolio theory, studying the effects of asset risk, … - Friedrich A. Hayek
At the London School of Economics, Hayek was instrumental in furthering its then-novel "continental" bent and he was highly influential on his junior colleagues (such as John Hicks ) and students (which included Abba Lerner and Nicholas Kaldor ). However, following the appearance of the General Theory by John Maynard Keynes in 1936, Abba Lerner and Nicholas Kaldor , like the rest of the economics profession, were drawn away from Hayek's orbit. - Franco Modigliani
Franco Modigliani (June 18, 1918 - September 25, 2003) was an Italian-American economist at the MIT Sloan School of Management and MIT Department of Economics, and winner of the Nobel Memorial Prize in Economics in 1985. Born in Italy, he left Italy for the US in 1939 because of his Jewish background and antifascist views. In 1944 he obtained his Ph.D. from the New School for Social Research working under Jacob Marschak. - Myron Scholes
Myron S. Scholes, born in Timmins, Ontario, Canada, on July 1, 1941, is one of the authors of the famous Black-Scholes equation. In 1997 he was awarded the Nobel Memorial Prize in Economics for "a new method to determine the value of derivatives". The model provides the fundamental conceptual framework for valuing options, such as calls or puts, and is referred to as the Black-Scholes model, which has become the standard in financial markets globally. - Daniel McFadden
Daniel L. McFadden (born July 29, 1937) is an econometrician who won (jointly with James Heckman) the 2000 Nobel Prize in Economics "for his development of theory and methods for analyzing discrete choice". He is currently the E. Morris Cox Professor of Economics at the University of California, Berkeley. McFadden was born in Raleigh, North Carolina. He attended the University of Minnesota, where he received a B.S. in Physics at age 19, … - Reinhard Selten
Reinhard Selten is a German economist. Selten was born in Breslau (Wrocław) in Lower Silesia, now in Poland. For his work in game theory, Selten won the 1994 Nobel Memorial Prize in Economics (shared with John Harsanyi and John Nash). He is also well known for his work in bounded rationality, and can be considered as one of the founding fathers of experimental economics. He developed an example of a game called Selten's Horse because of its extensive form representation. - Merton Miller
Merton Howard Miller (May 16, 1923 - June 3, 2000) won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1990, along with Harry Markowitz and William Sharpe. He was born in Boston, Massachusetts. He worked during World War II as an economist in the division of tax research of the Treasury Department, and received a Ph.D. in economics from Johns Hopkins University, 1952. - George Stigler
George Joseph Stigler (January 17, 1911 - December 1, 1991) was a U.S. economist. He won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman. Stephen Stigler is his son. While at Chicago, he was greatly influenced by Frank Knight, his dissertation supervisor. Milton Friedman, a friend for over sixty years, … - Robert Fogel
Robert William Fogel (born July 1, 1926) is an American economic historian and scientist, and winner (with Douglass North) of the 1993 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. He is best known as a leading advocate of cliometrics, a name for the use of quantitative methods in history. Fogel was born in New York City, the son of Russian-Jewish immigrants, where he attended the prestigious Stuyvesant High School. - James Mirrlees
Professor Sir James Mirrlees, FBA (born 5 July 1936, Minnigaff, Wigtownshire Scotland) is a Scottish economist and winner of the 1996 Nobel Prize for Economics. He was knighted in 1998. He was educated at the University of Edinburgh and Trinity College, Cambridge, where he was a very active student debater. He taught at both Oxford (1969-1995) and Cambridge (1963- and 1995-). - Lawrence Klein
Lawrence Robert Klein (born September 14, 1920) is an American economist. Klein was born in Omaha, Nebraska. For his work in creating computer models to forecast economic trends in the field of econometrics at the Wharton School of the University of Pennsylvania, he was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1980. - Jan Tinbergen
Jan Tinbergen (The Hague, April 12, 1903 - June 9, 1994 The Hague), Dutch economist, was awarded the first Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1969, which he shared with Ragnar Frisch for having developed and applied dynamic models for the analysis of economic processes. Timbergen was a founding trustee of Economists for Peace and Security - Douglass North
Douglass Cecil North (born November 5, 1920) is co-recipient (with Robert William Fogel of the 1993 Nobel Prize in Economics. In the words of the Nobel Committee, North and Fogel were awarded the prize "for having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change." He was Professor of Economics at the University of Washington from 1950 - 1983. - Clive Granger
Sir Clive William John Granger (born September 4, 1934) is a Welsh-born economist, and Professor Emeritus at the University of California at San Diego, USA. Along with Robert Engle of New York University he shared the 2003 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. - John Forbes Nash Jr.
John Forbes Nash, Jr. (born June 13 1928) is an American mathematician who works in game theory, differential geometry, and partial differential equations. He shared the 1994 Bank of Sweden Prize in Economic Sciences (also called the Nobel Prize in Economics) with two other game theorists, Reinhard Selten and John Harsanyi. He is best known in popular culture as the subject of the Hollywood movie, "A Beautiful Mind", … - Gunnar Myrdal
Gunnar Myrdal (December 6, 1898 - May 17, 1987) was a Swedish economist and politician. He was born in Gustafs, Dalarna, and died in Danderyd, close to Stockholm. He graduated from Stockholm University Law School in 1923 and received a doctorate degree in Economics in 1927. He married Alva Myrdal in 1924, and they had three children including Jan Myrdal and Sissela Bok. - Robert Aumann
Yisrael Robert John Aumann (born June 8, 1930) is an Israeli mathematician and a member of the United States National Academy of Sciences. He works at the Center for the Study of Rationality in the Hebrew University of Jerusalem in Israel. Aumann was awarded the 2005 Nobel Memorial Prize in Economics for "having enhanced our understanding of conflict and cooperation through game-theory analysis". He shared the prize with Thomas Schelling. - Robert C. Merton
Robert C. Merton (born July 31, 1944), is a leading scholar in the field of finance and was one of three men who, in the early 1970s, developed the mathematics of financial options. Merton was the first to publish a paper expanding our mathematical understanding of the options pricing model and coined the term "Black-Scholes" options pricing model, by enhancing work that was published by Fischer Black and Myron S. Scholes. - Edward C. Prescott
Edward C. Prescott (born 26 December, 1940) is an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles". - Simon Kuznets
Simon Smith Kuznets (April 30, 1901 - July 8, 1985) was an American economist at Wharton School of the University of Pennsylvania who won the 1971 Nobel Prize in Economics "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development". - Finn E. Kydland
Finn Erling Kydland (born 1943) is a Norwegian economist. He is currently a professor of Economics at the University of California, Santa Barbara. He previously taught at the Tepper School of Business of Carnegie Mellon University. Kydland was a co-recipient of the 2004 Nobel Memorial Prize in Economics (shared with Edward C. Prescott), "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".
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