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The MIT Department of Economics is a department of the
Massachusetts Institute of Technology The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the ...
in
Cambridge Cambridge ( ) is a College town, university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cam ...
,
Massachusetts Massachusetts (Massachusett: ''Muhsachuweesut Massachusett_writing_systems.html" ;"title="nowiki/> məhswatʃəwiːsət.html" ;"title="Massachusett writing systems">məhswatʃəwiːsət">Massachusett writing systems">məhswatʃəwiːsət'' En ...
. Undergraduate studies in economics were introduced in the 19th century by institute president
Francis Amasa Walker Francis Amasa Walker (July 2, 1840 – January 5, 1897) was an American economist, statistician, journalist, educator, academic administrator, and an officer in the Union Army. Walker was born into a prominent Boston family, the son of the econo ...
, while the department's Ph.D. program was introduced in 1941. The
American Economics Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...
estimates that MIT and these peers produce half of all tenure track professors at U.S. research universities. By 2020, the department has the second highest number of Ph.D. alumni who received the
Nobel Prize in Economics The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...
in the world (12) only behind Harvard Economics (13) and ahead of UChicago Economics (9). Nine out of 18 Clark medalists since 1999 received Ph.D. degrees from the department.


History

In the 1890s, economists including
Francis Amasa Walker Francis Amasa Walker (July 2, 1840 – January 5, 1897) was an American economist, statistician, journalist, educator, academic administrator, and an officer in the Union Army. Walker was born into a prominent Boston family, the son of the econo ...
and
Davis Rich Dewey Davis Rich Dewey (April 7, 1858December 13, 1942) was an American economist and statistician. He was born at Burlington, Vermont. Like his well-known younger brother, John Dewey, he was educated at the University of Vermont and Johns Hopkins Unive ...
taught courses in economics to the undergraduate students. It was known as the Department of Economics and Social Sciences. In 1937, the department established a graduate program, while in 1941, it established a Ph.D. program. In the 1950s and the 1960s, the department expanded its graduate program. In these years, the program became more quantitatively oriented and emphasized technical training. Approximately 25 students enrolled each year. In the 1970s, the first Black American graduate students joined the program as part of a desegregation program.


Prominent faculty

*
Paul Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he " ...
(1940–2009),
Nobel Prize The Nobel Prizes ( ; sv, Nobelpriset ; no, Nobelprisen ) are five separate prizes that, according to Alfred Nobel's will of 1895, are awarded to "those who, during the preceding year, have conferred the greatest benefit to humankind." Alfr ...
, 1970 *
Franco Modigliani Franco Modigliani (18 June 1918 – 25 September 2003) was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon Un ...
(1962–2003), Nobel Prize, 1985 * John Williamson (1967–1980), originator of the ' Washington Consensus' *
Robert Solow Robert Merton Solow, GCIH (; born August 23, 1924) is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the ...
, (1960-1979) Nobel Prize, 1987 * Stanley Fischer, (1977–1988), Vice-Chairman of the US Federal Reserve, Governor of Bank of Israel * Robert F. Engle, (1969-1977), Nobel Prize, 2003 *
Daniel McFadden Daniel Little McFadden (born July 29, 1937) 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 analyzi ...
, (1977-1991), Nobel Prize 2000 *
George P. Shultz George Pratt Shultz (; December 13, 1920February 6, 2021) was an American economist, businessman, diplomat and statesman. He served in various positions under two different Republican presidents and is one of the only two persons to have held fou ...
, (1948-1957), Former Secretary of State, Secretary of Treasury, Secretary of Labour * Myron S. Scholes (1968-1973), Nobel prize in 1997 for the Black-Scholes equation *
Rudi Dornbusch Rüdiger Dornbusch (June 8, 1942 – July 25, 2002) was a German economist who worked in the United States for most of his career. Early life and education Dornbusch was born in Krefeld in present-day North Rhine-Westphalia. After completing his ...
(1975-2002), known for the
Overshooting Model The overshooting model, or the exchange rate overshoot hypothesis, first developed by economist Rudi Dornbusch, is a theoretical explanation for high levels of exchange rate volatility. The key features of the model include the assumptions that go ...
*
Francesco Giavazzi Francesco Giavazzi (born 11 August 1949 in Bergamo) is an Italian economist who is Professor of Economics at Bocconi University, and a regular visiting professor at MIT. Biography Giavazzi graduated in electrical engineering from the Politecnico ...
(1989–Present)


Nobel Laureates

Among the department's past and current faculty and alumni are several recipients of the
Nobel Prize in Economics The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...
: *
Joshua Angrist Joshua David Angrist (born September 18, 1960) is an Israeli-American economist and Ford Professor of Economics at the Massachusetts Institute of Technology. Angrist, together with Guido Imbens, was awarded the Nobel Memorial Prize in Economics ...
, 2021 *
Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...
(Ph.D., 1999) and
Abhijit Banerjee Abhijit Vinayak Banerjee (; born 21 February 1961) 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 Priz ...
, 2019 *
William Nordhaus William Dawbney Nordhaus (born May 31, 1941) is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memoria ...
, 2018 *
Bengt Holmstrom Bengt may refer to: People In arts, entertainment and media Actors * Bengt Djurberg (1898–1941), Swedish actor and singer * Bengt Ekerot (1920–1971), Swedish actor and director * Bengt Eklund (1925–1998), Swedish actor * Bengt Logardt (1914 ...
, 2016 *
Jean Tirole Jean Tirole (born 9 August 1953) is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. In 2014 he was awarded the Nobel Memor ...
, 2014 *
Robert J. Shiller Robert James Shiller (born March 29, 1946) is an American economist, academic, and author. As of 2019, he serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for ...
, 2013 * Peter A. Diamond, 2010 *
Oliver E. Williamson Oliver Eaton Williamson (September 27, 1932 – May 21, 2020) was an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostro ...
, 2009 *
Paul Krugman Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was ...
(Ph.D., 1977), 2008 * Eric Maskin, 2007 *
Edmund Phelps Edmund Strother Phelps (born July 26, 1933) is an American economist and the recipient of the 2006 Nobel Memorial Prize in Economic Sciences. Early in his career, he became known for his research at Yale's Cowles Foundation in the first half of ...
, 2006 * Robert J. Aumann, 2005 * Robert F. Engle, 2003 *
George Akerlof George Arthur Akerlof (born June 17, 1940) is an American economist and a university professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley. ...
(Ph.D., 1966) and Joseph Stiglitz (Ph.D., 1967), 2001 *
Daniel McFadden Daniel Little McFadden (born July 29, 1937) 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 analyzi ...
, 2000 *
Robert Mundell Robert Alexander Mundell (October 24, 1932 – April 4, 2021) was a Canadian economist. He was a professor of economics at Columbia University and the Chinese University of Hong Kong. He received the Nobel Memorial Prize in Economic Sciences i ...
(Ph.D., 1956), 1999 *
Amartya Sen Amartya Kumar Sen (; born 3 November 1933) is an Indian economist and philosopher, who since 1972 has taught and worked in the United Kingdom and the United States. Sen has made contributions to welfare economics, social choice theory, econom ...
, 1998 *
Robert C. Merton Robert Cox Merton (born July 31, 1944) 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, especia ...
(Ph.D, 1970), 1997 *
Robert Solow Robert Merton Solow, GCIH (; born August 23, 1924) is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the ...
, 1987 *
Franco Modigliani Franco Modigliani (18 June 1918 – 25 September 2003) was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon Un ...
, 1985 *
Lawrence Klein Lawrence Robert Klein (September 14, 1920 – October 20, 2013) was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at the University of Penn ...
(Ph.D., 1944), 1980 *
Paul Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he " ...
, 1970


Current Faculty


Professors

*
Alberto Abadie Alberto Abadie (born April 3, 1968) is professor of the department of economics at MIT and Associate Director of the Institute for Data, Systems, and Society (IDSS) also at MIT. He was born in the Basque Country, Spain. He received his PhD in ...
* Daron Acemoglu * George-Marios Angeletos *
Joshua Angrist Joshua David Angrist (born September 18, 1960) is an Israeli-American economist and Ford Professor of Economics at the Massachusetts Institute of Technology. Angrist, together with Guido Imbens, was awarded the Nobel Memorial Prize in Economics ...
*
David Autor David H. Autor (born 1967) is an American economist, public policy scholar, and professor of economics at the Massachusetts Institute of Technology (MIT), where he also acts as co-director of the School Effectiveness and Inequality Initiative. A ...
*
Abhijit Banerjee Abhijit Vinayak Banerjee (; born 21 February 1961) 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 Priz ...
* Ricardo J. Caballero * Victor Chernozhukov * Arnaud Costinot *
Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...
* Glenn Ellison ast Department Head*
Amy Finkelstein Amy Nadya Finkelstein (born November 2, 1973) is a professor of economics at the Massachusetts Institute of Technology (MIT), the co-director and research associate of the Public Economics Program at the National Bureau of Economic Research, and ...
* Drew Fudenberg * Robert S. Gibbons * Jonathan Gruber * Jeffrey Harris *
Bengt R. Holmström Bengt may refer to: People In arts, entertainment and media Actors * Bengt Djurberg (1898–1941), Swedish actor and singer * Bengt Ekerot (1920–1971), Swedish actor and director * Bengt Eklund (1925–1998), Swedish actor * Bengt Logardt (1914 ...
ast Department Head* Whitney K. Newey * Benjamin Olken *
Parag Pathak Parag A. Pathak (born c. 1980) is Professor of Economics at the Massachusetts Institute of Technology and is affiliated with the National Bureau of Economic Research where he co-founded and directs the working group on Mechanism design, market d ...
*
James M. Poterba James Michael "Jim" Poterba, FBA (born July 13, 1958) is an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer. Early years Poterba was born in N ...
ast Department Head*
Drazen Prelec Drazen Prelec (born 1955 in Yugoslavia) is a professor of management science and economics in the MIT Sloan School of Management, and holds appointments in the Department of Economics and in the Department of Brain and Cognitive Sciences at MIT as ...
*
Nancy Rose Nancy Rose is an American economist, currently the Charles P. Kindleberger Professor and Head of the Department of Economics at Massachusetts Institute of Technology. From 2014 to 2017, Rose served as the deputy assistant attorney general for ec ...
urrent Department Head* Robert M. Townsend * John Van Reenen *
Iván Werning Iván Werning (born June 20, 1974) is an Argentine economist. He is a professor at the MIT Department of Economics. A native of Argentina, Werning earned his B.A. from Universidad de San Andrés and his M.A. from Universidad Torcuato di Tella, ...
*
Michael Whinston Michael D. Whinston is an American economist and currently the Sloan Fellows Professor at Massachusetts Institute of Technology. Previously he was the Robert E. and Emily H. King Professor at Northwestern University and is also a Fellow to the Ame ...
*Alexander Wolitzky * Muhamet Yildiz


Associate Professors

* Anna Mikusheva


Assistant Professors

* Nikhil Agarwal * Isiah Andrews * David Atkin * Frank Schilbach


Senior Lecturer

* Sara Fisher Ellison


Professors Emeriti

* Morris Adelman * Sidney Alexander * Robert L. Bishop ormer Department Head, former Dean School of Humanities, Arts, and Social Sciences*
Olivier Blanchard Olivier Jean Blanchard (; born December 27, 1948) is a French economist and professor who is a senior fellow at the Peterson Institute for International Economics. He was the chief economist at the International Monetary Fund from September 1, 2 ...
* Richard S. Eckaus ast Department Head* Peter A. Diamond ast Department Head* Stanley Fischer ast Department Head*
Paul Joskow Paul may refer to: *Paul (given name), a given name (includes a list of people with that name) * Paul (surname), a list of people People Christianity *Paul the Apostle (AD c.5–c.64/65), also known as Saul of Tarsus or Saint Paul, early Chri ...
ast Department Head* Michael Piore * Jerome Rothenberg * Richard L. Schmalensee * Abraham J. Seigel *
Robert Solow Robert Merton Solow, GCIH (; born August 23, 1924) is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the ...
*
Peter Temin Peter Temin (; born 17 December 1937) is an economist and economic historian, currently Gray Professor Emeritus of Economics, MIT and former head of the Economics Department. Education Temin graduated from Swarthmore College in 1959 before earnin ...
ast Department Head* William Wheaton


Affiliated Faculty

*
Mathias Dewatripont Mathias François Dewatripont (born 27 December 1959) is a Belgian economist and professor at the Université libre de Bruxelles (ULB) and visiting professor at the Massachusetts Institute of Technology (MIT). He studied economics at the ULB, ...
* Ernst Fehr *
Jean Tirole Jean Tirole (born 9 August 1953) is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. In 2014 he was awarded the Nobel Memor ...


Former Faculty

* Susan Athey (Ph.D., Stanford)
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." The award is named after the ...
, 2007 * E. Cary Brown (Ph.D., Harvard) Professor of Economics, Emeritus *
Evsey Domar Evsey David Domar (russian: Евсей Давидович Домашевицкий, ''Domashevitsky''; April 16, 1914 – April 1, 1997) was a Russian American economist, famous as developer of the Harrod–Domar model. Life Evsey Domar was bor ...
(Ph.D., Harvard) *
Rudi Dornbusch Rüdiger Dornbusch (June 8, 1942 – July 25, 2002) was a German economist who worked in the United States for most of his career. Early life and education Dornbusch was born in Krefeld in present-day North Rhine-Westphalia. After completing his ...
(Ph.D.,
Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...
) Ford International Professor, International Economics * Robert F. Engle (Ph.D.,
Cornell Cornell University is a private statutory land-grant research university based in Ithaca, New York. It is a member of the Ivy League. Founded in 1865 by Ezra Cornell and Andrew Dickson White, Cornell was founded with the intention to teach a ...
) * Stanley Fischer (Ph.D.,
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
) * Charles P. Kindleberger (Ph.D., Columbia) Ford International Professor of Economics, Emeritus *
Edwin Kuh Edwin Kuh (April 13, 1925 – June 9, 1986) was an American economist. He was a faculty member at the MIT Sloan School of Management for over 30 years, and was widely known for his work with econometric models to forecast production, savings, inv ...
(Ph.D., Harvard) *
Paul Krugman Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was ...
(Ph.D.,
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
)
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." The award is named after the ...
, 1991 * Eric Maskin (Ph.D., Harvard) *
Daniel McFadden Daniel Little McFadden (born July 29, 1937) 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 analyzi ...
(Ph.D.,
Minnesota Minnesota () is a state in the upper midwestern region of the United States. It is the 12th largest U.S. state in area and the 22nd most populous, with over 5.75 million residents. Minnesota is home to western prairies, now given over to ...
) *
Franco Modigliani Franco Modigliani (18 June 1918 – 25 September 2003) was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics. He was a professor at University of Illinois at Urbana–Champaign, Carnegie Mellon Un ...
(D.Jur., Rome and D.Soc.Sci., New School of Research) Institute Professor Emeritus; Professor of Finance & Economics *
George P. Shultz George Pratt Shultz (; December 13, 1920February 6, 2021) was an American economist, businessman, diplomat and statesman. He served in various positions under two different Republican presidents and is one of the only two persons to have held fou ...
(Ph.D.,
MIT The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the m ...
) *
Hal Varian Hal Ronald Varian (born March 18, 1947 in Wooster, Ohio) is Chief Economist at Google and holds the title of emeritus professor at the University of California, Berkeley where he was founding dean of the School of Information. Varian is an eco ...
(Ph.D.,
Berkeley Berkeley most often refers to: *Berkeley, California, a city in the United States **University of California, Berkeley, a public university in Berkeley, California * George Berkeley (1685–1753), Anglo-Irish philosopher Berkeley may also refer ...
)


Notable alumni

* Lawrence R. Klein (Ph.D., 1944)
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." The award is named after the ...
ist, 1959; president of the
Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...
, 1960; president of the American Economic Association, 1977; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 1980 *
Margaret Garritsen de Vries Margaret Garritsen de Vries (1922-2009) was an economist and historian known for her work for the International Monetary Fund. Education deVries received her B.A. from the University of Michigan and her Ph.D. from the Massachusetts Institute o ...
(Ph.D., 1946) Carolyn Shaw Bell Award Recipient, 2002 *
George P. Shultz George Pratt Shultz (; December 13, 1920February 6, 2021) was an American economist, businessman, diplomat and statesman. He served in various positions under two different Republican presidents and is one of the only two persons to have held fou ...
(Ph.D., 1949) Distinguished Fellow of the American Economic Association, 2004 * Ronald W. Jones (Ph.D., 1956) Distinguished Fellow of the American Economic Association, 2009 *
William Nordhaus William Dawbney Nordhaus (born May 31, 1941) is an American economist, a Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change, and one of the 2 recipients of the 2018 Nobel Memoria ...
(Ph.D., 1967), Council of Economic Advisers 1977 - 1979 *
Mario Draghi Mario Draghi (; born 3 September 1947) is an Italian economist, academic, banker and civil servant who served as prime minister of Italy from February 2021 to October 2022. Prior to his appointment as prime minister, he served as President of ...
(Ph.D., 1976) Governor of the Banca d'Italia, chairman of the
Financial Stability Forum The Financial Stability Forum (FSF) was a group consisting of major national financial authorities such as finance ministries, central bankers, and international financial bodies. It was first convened in April 1999 in Washington. At the 2009 G20 ...
, president of the
European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...
* Robert A. Mundell (Ph.D., 1956) Distinguished Fellow of the American Economic Association, 1996; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 1999 * Peter A. Diamond (Ph.D., 1963) president of the
Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...
, 1991; president of the American Economic Association, 2003; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2010 * Riccardo Faini, (PhD), former head of the Economic and Financial Analysis Service of the Italian Ministry of Treasury * George A. Akerlof (Ph.D., 1966) Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2001; president of the American Economic Association, 2006 *
Joseph E. Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the ...
(Ph.D., 1966)
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." The award is named after the ...
ist, 1979; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2001 * Jagdish N. Bhagwati (Ph.D., 1967) Distinguished Fellow of the American Economic Association, 2003 * Robert E. Hall (Ph.D., 1967) president of the American Economic Association, 2010 * William D. Nordhaus (Ph.D., 1967) Member of the Council of Economic Advisers, 1977–1979; Distinguished Fellow of the American Economic Association, 2004; president of the American Economic Association, 2014; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2018 * Avinash K. Dixit (Ph.D., 1968) president of the
Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...
, 2001; president of the American Economic Association, 2008 * Robert J. Gordon (Ph.D., 1967) Distinguished Fellow of the American Economic Association, 2014 * Michael Rothschild, (Ph.D., 1968) Distinguished Fellow of the American Economic Association, 2005 * Stanley Fischer (Ph.D., 1969) Vice-Chairman of the US Federal Reserve, Governor of the Bank of Israel; Distinguished Fellow of the American Economic Association, 2013 *
Robert C. Merton Robert Cox Merton (born July 31, 1944) 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, especia ...
(Ph.D., 1970) president of the
American Finance Association The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the '' Journal of Finance'', was first published in 1946. ...
, 1986; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 1997 *
Tommaso Padoa-Schioppa Tommaso Padoa-Schioppa, OMRI (; 23 July 1940 – 18 December 2010) was an Italian banker and economist who served as Italy's Minister of Economy and Finance from 2006 to 2008. He previously served as a member of the Executive Board of the Europ ...
, (M.Sc. 1970),
European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...
executive board 1998-2005, former Italian minister of economy and finance * Jeremy J. Siegel (Ph.D., 1971) financial markets guru *
Martin Neil Baily Martin Neil Baily (born March 29, 1949) is an economist at the Brookings Institution and formerly at the Peterson Institute. He is best known for his work on productivity and competitiveness and for his tenure as a cabinet member during the Clint ...
(Ph.D., 1972) Chairman of the Council of Economic Advisers, 1999–2001 *
Alan S. Blinder Alan Stuart Blinder (, born October 14, 1945) is an American economics professor at Princeton University and is listed among the most influential economists in the world according to IDEAS/RePEc. He is a leading macroeconomist, politically liber ...
(Ph.D., 1971) Distinguished Fellow of the American Economic Association, 2011 *
Robert J. Shiller Robert James Shiller (born March 29, 1946) is an American economist, academic, and author. As of 2019, he serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for ...
(Ph.D., 1972) Fellow of the
American Finance Association The American Finance Association (AFA) is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939. Its main publication, the '' Journal of Finance'', was first published in 1946. ...
, 2006; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2013 *
Lawrence Summers Lawrence Henry Summers (born November 30, 1954) is an American economist who served as the 71st United States secretary of the treasury from 1999 to 2001 and as director of the National Economic Council from 2009 to 2010. He also served as pres ...
(
B.S. A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University ...
, 1975)
Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...
, 1999–2001 *
Mario Draghi Mario Draghi (; born 3 September 1947) is an Italian economist, academic, banker and civil servant who served as prime minister of Italy from February 2021 to October 2022. Prior to his appointment as prime minister, he served as President of ...
(Ph.D., 1976) president of the
European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...
2011-, Governor of the Banca d'Italia, Chairman of the
Financial Stability Forum The Financial Stability Forum (FSF) was a group consisting of major national financial authorities such as finance ministries, central bankers, and international financial bodies. It was first convened in April 1999 in Washington. At the 2009 G20 ...
* Paul R. Krugman (Ph.D., 1977) Member of the Council of Economic Advisers, 1982–1983;
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." The award is named after the ...
ist, 1991; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2008 *
Lucas Papademos Lucas Demetrios Papademos ( el, Λουκάς Παπαδήμος; born 11 October 1947) is a Greek economist and academic who served as 12th Prime Minister of Greece from November 2011 to May 2012, leading a national unity government in the wake o ...
(Ph.D., 1977) vice president of the
European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centr ...
, 2002- * Ben S. Bernanke (Ph.D., 1979)
Chairman of the Federal Reserve The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chair shall preside at the meetings of the Boa ...
, 2006-2014 *
Kenneth S. Rogoff Kenneth Saul Rogoff (born March 22, 1953) is an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and professor of economics at Harvard University. Early life Rogoff grew up in Rochester, New York. ...
(Ph.D., 1980) IMF chief economist *
Jean Tirole Jean Tirole (born 9 August 1953) is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. In 2014 he was awarded the Nobel Memor ...
(Ph.D., 1981) president of the
Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...
, 1998; president of the
European Economic Association The European Economic Association (EEA) is a professional academic body which links European economists. It was founded in the mid-1980s. Its first annual congress was in 1986 in Vienna and its first president was Jacques Drèze. The current pres ...
, 2001; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2014 *
N. Gregory Mankiw Nicholas Gregory Mankiw (; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. Mankiw is best known in academia for his work on New Keynesian economics. Mankiw h ...
(Ph.D., 1984) Chairman of the Council of Economic Advisers, 2003–2005 * Andrei Shleifer (Ph.D., 1986)
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." The award is named after the ...
ist, 1999 * Matthew Rabin (Ph.D., 1989)
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." The award is named after the ...
ist, 2001 *
Andrew Samwick Andrew Alan Samwick is an American economist, who served as Chief Economist on the staff of the United States President's Council of Economic Advisors from July 2003 to July 2004. Samwick is currently Professor of Economics at Dartmouth College (s ...
(Ph.D., 1993) Member of the Council of Economic Advisers, 2003–2004 * Judith Chevalier (Ph.D., 1993) Elaine Bennett Research Prize recipient, 1998 * Steven D. Levitt (Ph.D., 1994)
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." The award is named after the ...
ist, 2003; co-author of ''
Freakonomics ''Freakonomics: A Rogue Economist Explores the Hidden Side of Everything'' is the debut non-fiction book by University of Chicago economist Steven Levitt and ''New York Times'' journalist Stephen J. Dubner. Published on April 12, 2005, by Will ...
'' *
Emmanuel Saez Emmanuel Saez (born November 26, 1972) is a French, naturalized American economist who is Professor of Economics at the University of California, Berkeley. His work, done with Thomas Piketty and Gabriel Zucman, includes tracking the incomes of t ...
(Ph.D., 1999)
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." The award is named after the ...
ist, 2009 *
Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...
(Ph.D. 1999),
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." The award is named after the ...
ist, 2010; Elaine Bennett Research Prize recipient, 2002; Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, 2019; co-author ''
Poor Economics ''Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty'' (2011) is a non-fiction book by Abhijit V. Banerjee and Esther Duflo, both professors of Economics at Massachusetts Institute of Technology (MIT) and Nobel Memorial Priz ...
'' * Jonathan Levin (Ph.D., 1999)
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." The award is named after the ...
ist, 2011 *
Amy Finkelstein Amy Nadya Finkelstein (born November 2, 1973) is a professor of economics at the Massachusetts Institute of Technology (MIT), the co-director and research associate of the Public Economics Program at the National Bureau of Economic Research, and ...
(Ph.D., 2001)
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." The award is named after the ...
ist, 2012; Elaine Bennett Research Prize recipient, 2008


References


External links


MIT Department of Economics website
{{DEFAULTSORT:MIT Department Of Economics Massachusetts Institute of Technology Economics schools