Kathryn Graddy is a professor of economics and the dean of

Brandeis International Business School Brandeis International Business School is part of Brandeis University, located in Waltham, Massachusetts. Brandeis International Business School offers graduate and undergraduate degree programs in business, finance and economics, with over 3,000 ...

Brandeis University Brandeis University () is a Private university, private research university in Waltham, Massachusetts, United States. It is located within the Greater Boston area. Founded in 1948 as a nonsectarian, non-sectarian, coeducational university, Bra ...

. She is the Fred and Rita Richman Distinguished Professor in Economics at Brandeis University. Her research interests include the economics of art,

culture Culture ( ) is a concept that encompasses the social behavior, institutions, and Social norm, norms found in human societies, as well as the knowledge, beliefs, arts, laws, Social norm, customs, capabilities, Attitude (psychology), attitudes ...

, and

industrial organization In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets. Industrial organization adds real-world complications to the per ...

Career

Graddy received a BS in mathematics and a BA in Russian language from

Tulane University The Tulane University of Louisiana (commonly referred to as Tulane University) is a private research university in New Orleans, Louisiana, United States. Founded as the Medical College of Louisiana in 1834 by a cohort of medical doctors, it b ...

, an MBA from

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

, and a PhD in economics from

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

. Prior to her position at the

University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

, she was appointed as an assistant professor of economics at the

London Business School London Business School (LBS) is a business school and a constituent college of the federal University of London. LBS was founded in 1964 and awards post-graduate degrees (Master's degree, Master's degrees in management and finance, Master of B ...

. Afterwards, she was a

research fellow A research fellow is an academic research position at a university or a similar research institution, usually for academic staff or faculty members. A research fellow may act either as an independent investigator or under the supervision of a p ...

at Jesus College and then at Exeter College. After leaving Oxford, Graddy joined

in 2007. She chaired the university's department of economics from 2011 to 2014 and directed the PhD program at

(IBS) from 2015 to 2016. In 2013, she was made the Fred and Rita Richman Distinguished Professor in Economics. She was named senior associate dean of IBS in 2016, a position she held until she became dean in 2018.

Research

Graddy's research interests include the economics of art,

, and

. She has been widely quoted in the media as an expert on art auctions and investment in art. Graddy spent a month

shadow A shadow is a dark area on a surface where light from a light source is blocked by an object. In contrast, shade occupies the three-dimensional volume behind an object with light in front of it. The cross-section of a shadow is a two-dimensio ...

ing a trader at the

Fulton Fish Market The Fulton Fish Market is a fish market in Hunts Point, a section of the New York City borough of the Bronx. It was originally a wing of the Fulton Market, established in 1822 to sell a variety of foodstuffs and produce. In November 2005, the ...

to analyze competition within fish markets, and published the results in 2006 study finding that traders appeared to charge different prices to different ethnic groups and that

perfect competition In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In Economic model, theoret ...

at the market was not apparent. In a 2017 paper co-authored with Princeton University economist Carl Lieberman, the two economists concluded that "artists, in the year following the death of a friend or relative, are on average less creative than at other times of their lives." The results were based on an analysis of thirty-three French

Impressionist Impressionism was a 19th-century art movement characterized by visible brush strokes, open Composition (visual arts), composition, emphasis on accurate depiction of light in its changing qualities (often accentuating the effects of the passage ...

painters and fifteen American artists born between 1910 and 1920. The results, which were featured in the popular press, followed an earlier

working paper A working paper or work paper may be: *A working paper or technical paper. This encompasses literature that has not been peer reviewed or published in an academic journal. Working papers may be disseminated for the purpose of receiving feedback ...

by Graddy that found that visual artists' creative output suffered during periods of

bereavement Grief is the response to the loss of something deemed important, particularly to the death of a person to whom or animal to which a bond or affection was formed. Although conventionally focused on the emotional response to loss, grief also ha ...

Selected publications

* * * * *

References

External links

Faculty website

on the

website * {{DEFAULTSORT:Graddy, Kathryn Living people Cultural economists Women economists Brandeis University faculty Fellows of Exeter College, Oxford Fellows of Jesus College, Oxford Academics of London Business School Princeton University alumni Columbia Business School alumni Tulane University alumni Year of birth missing (living people)