David Michael Garrood Newbery,

CBE The Most Excellent Order of the British Empire is a British order of chivalry, rewarding valuable service in a wide range of useful activities. It comprises five classes of awards across both civil and military divisions, the most senior two o ...

, FBA (born 1 June 1943), is a British economist who has been Professor of Applied Economics at the

University of Cambridge The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

since 1988.Faculty page at University of Cambridge
/ref> He specialises in the field of

energy economics Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy ...

, and he writes on the regulation of electricity markets. His interests also include

climate change mitigation Climate change mitigation (or decarbonisation) is action to limit the greenhouse gases in the atmosphere that cause climate change. Climate change mitigation actions include energy conservation, conserving energy and Fossil fuel phase-out, repl ...

and environmental policy,

privatisation Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

, and risk.

Early life

Newbery was born on 1 June 1943 at Fulmer Chase,

Fulmer Fulmer is a village and civil parish in south Buckinghamshire, England. The village has, along most of its northern border, a narrow green buffer from Gerrards Cross and its heavily wooded adjoining neighbouring villages of Iver Heath and We ...

Buckinghamshire Buckinghamshire (, abbreviated ''Bucks'') is a Ceremonial counties of England, ceremonial county in South East England and one of the home counties. It is bordered by Northamptonshire to the north, Bedfordshire to the north-east, Hertfordshir ...

. He studied at

Portsmouth Grammar School The Portsmouth Grammar School (PGS) is a co-educational Private schools in the United Kingdom, private day school in Portsmouth, England, located in the historic part of Portsmouth. It was founded in 1732 as a Single-sex education, boys' school ...

from 1954 till 1961, where he won Best Science Candidate in Cambridge GCE A&S Level. He read Mathematics and Economics at

Trinity College, Cambridge Trinity College is a Colleges of the University of Cambridge, constituent college of the University of Cambridge. Founded in 1546 by King Henry VIII, Trinity is one of the largest Cambridge colleges, with the largest financial endowment of any ...

, obtaining a B.A. in 1964, M.A. (Cantab.) in 1968 and a Ph.D. degree in 1976.title= David Michael Garrood Newbery
/ref>

Career

In 1965 he was pre-elected to a Churchill Teaching Fellowship. In 1966 he gained the position of University Assistant Lecturer at the Faculty of Economics. He was the Director of the Department of Applied Economics from 1988 until 2003. He also served as a Professor II at Tromso University, Norway from 2011 until 2013. In 1981 Newbery co-authored a book (''The Theory of Commodity Price Stabilization: A Study in the Economics of Risk'') and several articles with the Nobel-laureate

Joseph Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, political activist, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2 ...

. Besides his role as Professor of Applied Economics at Cambridge, he serves as Vice-Chairman of Cambridge Economic Policy Associates, Director of the Cambridge Electricity Policy Research Group and an occasional consultant to the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

. He was a member of the

Competition Commission The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under t ...

in 1996–2002, and chairman of the Dutch electricity market surveillance committee. He was elected a Fellow of the

British Academy The British Academy for the Promotion of Historical, Philosophical and Philological Studies is the United Kingdom's national academy for the humanities and the social sciences. It was established in 1902 and received its royal charter in the sa ...

in 1991. He is a member of the Academic Panel of DEFRA. Since 1966 he has been a fellow of Churchill College, and was President of its Senior Combination Room (SCR) in from 2010 to 2019.Churchill College SCR
/ref>

Honours

*Newbery was appointed

Commander of the Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding valuable service in a wide range of useful activities. It comprises five classes of awards across both civil and military divisions, the most senior two o ...

(CBE) in the 2012 Birthday Honours for services to economics. * He was awarded an Honorary Doctorate by the

Paris Dauphine University Paris Dauphine University - PSL () is a Grande École and public institution of higher education and research based in Paris, France, Collegiate university, constituent college of PSL University. As of 2022, Dauphine has 9,400 students in 8 fields ...

in 2022 * He was elected Fellow of Econometric Society in 1989. * He was awarded Frisch Medal of the Econometric Society in 1990. * He was awarded Harry Johnson Prize by Canadian Economics Association in 1993. * He received the IAEE 2002 Outstanding Contributions to the Profession of Energy Economics Award. * He was awarded an Honorary Degree at the

University of Antwerp The University of Antwerp () is a major Belgian university located in the city of Antwerp. The official abbreviation is ''UAntwerp''. The University of Antwerp has about 20,000 students, which makes it the third-largest university in Flanders. ...

in 2004. * He was president of International Association of Energy Economics in 2013.

Selected bibliography

Books

* * * * * *

Journal articles

* * * * * Newbery, D.M. and J.E. Stiglitz (1982) ‘The Choice of Techniques and the Optimality of Market Equilibrium with Rational Expectations’, Journal of Political Economy, 90(2), April, 223-46. doi: https://www.jstor.org/stable/1830291?seq=2#references_tab_contents. JSTOR 1830291.

References

{{DEFAULTSORT:Newbery, David 1943 births 21st-century British economists 20th-century British economists Alumni of Trinity College, Cambridge Academics of the University of Cambridge Commanders of the Order of the British Empire Fellows of the British Academy Fellows of Churchill College, Cambridge Fellows of the Econometric Society Living people