William Bentley MacLeod (born 1954) is a

Canadian-American Canadian Americans () are Citizenship of the United States, American citizens or in some uses residents whose ancestry is wholly or partly Canadians, Canadian, or citizens of either country who hold dual citizenship. Today, many Canadian American ...

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

. He is Lecturer with Rank of Professor and Research Scholar at

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 ...

, and the Sami Mnaymneh Professor of Economics and Professor of International and Public Affairs Emeritus at

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 ...

. He is a specialist in the fields of

labor economics Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms. Because these labourers exist as pa ...

and

health economics Health economics is a branch of economics concerned with issues related to Health care efficiency, efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in dete ...

, and

law and economics Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law. The field emerged in the United States during the early 1960s, primarily from the work of scholars from the Chicago school of econ ...

Education

MacLeod received a

B.A. A Bachelor of Arts (abbreviated B.A., BA, A.B. or AB; from the Latin ', ', or ') is the holder of a bachelor's degree awarded for an undergraduate program in the liberal arts, or, in some cases, other disciplines. A Bachelor of Arts degree ...

with distinction in

Mathematics Mathematics is a field of study that discovers and organizes methods, Mathematical theory, theories and theorems that are developed and Mathematical proof, proved for the needs of empirical sciences and mathematics itself. There are many ar ...

from Queen's University in 1975 and an

M.Sc. A Master of Science (; abbreviated MS, M.S., MSc, M.Sc., SM, S.M., ScM or Sc.M.) is a master's degree. In contrast to the Master of Arts degree, the Master of Science degree is typically granted for studies in sciences, engineering and medicine ...

in Mathematics from Queen's University in 1979. He completed his economics doctorate at the

University of British Columbia The University of British Columbia (UBC) is a Public university, public research university with campuses near University of British Columbia Vancouver, Vancouver and University of British Columbia Okanagan, Kelowna, in British Columbia, Canada ...

in 1984.

Academic career

He began his teaching career at Queen's University, then he taught at Université de Montréal, Boston College, University of Southern California, California Institute of Technology and Princeton University, before coming to Columbia University. He has also held one year visiting positions at

Center for Operations Research and Econometrics The Center for Operations Research and Econometrics (CORE) is an interdisciplinary research institute of the University of Louvain (UCLouvain) located in Louvain-la-Neuve, Belgium. Since 2010, it is part of the Louvain Institute of Data Analysis ...

(Belgium), Instituto de Análisis Económico (Barcelona)
Princeton University
the

Russell Sage Foundation The Russell Sage Foundation is an American non-profit organisation established by Margaret Olivia Slocum Sage, Margaret Olivia Sage in 1907 for “the improvement of social and living conditions in the United States.” It was named after her re ...

and the

Institute for Advanced Study The Institute for Advanced Study (IAS) is an independent center for theoretical research and intellectual inquiry located in Princeton, New Jersey. It has served as the academic home of internationally preeminent scholars, including Albert Ein ...

. He was elected fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians o ...

in 2005, and fellow of the Society of Labor Economists in 2012. He is also the recipient of the 2002 H. Gregg Lewis prize awarded by the Society of Labor Economists for his article "Worker Cooperation and the Ratchet" with H. Lorne Carmichael. He is a Past President of the Society of Institutional and Organizational Economics in 2017–18, and the American Law and Economics Association in 2021.

Notable publications

* "Advanced microeconomics for contract, institutional, and organizational economics",

MIT Press The MIT Press is the university press of the Massachusetts Institute of Technology (MIT), a private research university in Cambridge, Massachusetts. The MIT Press publishes a number of academic journals and has been a pioneer in the Open Ac ...

* "Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment" by MacLeod and James M. Malcomson, Malcomson *MacLeod, W. Bentley, and James M. Malcomson. "Investments, Holdup, and the Form of Market Contracts." ''The American Economic Review'' 83, no. 4 (1993): 811–37, https://www.jstor.org/stable/2117580 *MacLeod, W. Bentley. "Reputations, Relationships, and Contract Enforcement." ''Journal of Economic Literature'' 45, no. 3 (2007): 595–628
www.jstor.org/stable/27646841
* "First Do No Harm? Tort Reform and Birth Outcomes" mentioned in

Tort Reform Tort reform consists of changes in the civil justice system in common law countries that aim to reduce the ability of plaintiffs to bring tort litigation (particularly actions for negligence) or to reduce damages they can receive. Such changes ...

. * "Optimal Contracting with Subjective Evaluation," American Economic Review: Vol. 93 No. 1 (March 2003). * "Performance Pay and Wage Inequality", Quarterly Journal of Economics, 2009, Vol. 124, Issue 1 (joint with T. Lemieux and D. Parent) * "Administrative Corruption and Taxation", by Frank Flatters and W. Bentley Macleod. Reprinted in "The Economics Of Corruption And Illegal Markets".

Personal life

MacLeod is married to

Janet Currie Janet Currie is a Canadian-American economist and the Henry Putnam Professor of Economics and Public Affairs at Princeton University's School of Public and International Affairs, where she is Co-Director of the Center for Health and Wellbeing. S ...

, an economist at

. They have two children.

References

External links

* Home Pag

* Google Schola

{{DEFAULTSORT:MacLeod, W. Bentley 1954 births Canadian economists Columbia University faculty Labor economists Living people University of British Columbia alumni Fellows of the Econometric Society