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		Abhijit Banerjee awarded 2014 Benhard Harms Prize Professor Abhijit Banerjee was awarded the Bernhard Harms Prize by the Kiel-based Institute for the World Economy (IfW). The Bernhard Harms Prize, named after the founder of the Institute, is awarded by the IfW every two years to a personality for outstanding achievements in the field of global macroeconomic research or for making an outstanding contribution through his or her activities in daily business practice for the promotion of world economic relations.

		Featured Research: Making the case for Keynes Professor Emeritus Peter Temin's new book explains how John Maynard Keynes' ideas relate to today's global economy.

		Featured Research: Workplace diversity can help the bottom line Sara Ellison, a senior lecturer in MIT's Department of Economics, and Wallace P. Mullin, an economist at George Washington University, recently published a study which found that gender diversity in the workplace helps firms be more productive, but it may also reduce satisfaction among employees.

		Nancy Rose named Deputy Assistant Attorney General for Economic Analysis (Department of Justice) Charles P. Kindleberger Professor of Applied Economics, Nancy Rose, an expert on firm behavior and the economics of regulated industries, has been named by the U.S. Department of Justice (DOJ) as deputy assistant attorney general for economic analysis. She will take a leave of absence from the Institute in order to take the position.

		Q&A: David Autor on inequality among the "99 percent" Today's wealth gap does not just exist between the richest 1 percent of the population and everyone else; there have been growing inequalities among the less-wealthy 99 percent of people, too. In an article published today in Science, MIT economist David Autor contends that much of our present inequality stems from disparities in education. This has evolved in two directions: From 1980 to 2012, inflation-adjusted, full-time earnings of college-educated males increased anywhere from 20 percent to 56 percent, depending on whether they also acquired graduate degrees. Conversely, real earnings of high school graduates fell 11 percent, and earnings of high school dropouts fell 22 percent.

		Morris Adelman, MIT economics faculty member for more than six decades, dies at 96 Morris Adelman, an MIT economics faculty member for more than six decades, passed away on May 8 at the age of 96.

		Daron Acemoglu elected to the National Academy of Sciences Professor Daron Acemoglu, has been named to the prestigious National Academy of Sciences, an honor recognizing distinguished and continuing achievements in original research. Other new members include Institute colleagues, Professor Emery Brown (Medical Engineering and Computational Neuroscience), Professor Alan Grossman (Biology) and Professor Timothy Grove (Earth and Planetary Sciences). Including these four, 77 MIT faculty members now hold NAS membership. The four MIT professors were among 84 members and 21 foreign associates from 15 countries elected to the NAS this year. NAS membership is one of the highest honors afforded to scientists and engineers.

		Featured Research: How a health care plan quickly lowered infant mortality A study conducted by Professors Robert Townsend and Jon Gruber and Harvard Professor Nathaniel Hendren (Ph.D. '12)finds that a policy change in Thailand's health care system has quickly led to significantly lower infant mortality rates among less-wealthy citizens. The researchers found that Thailand's "30 Baht" program, which increased access to hospitals, led to a 13 percent drop in infant mortality in about a year. That change seems largely attributable to fewer infant deaths in rural areas, where previously the poor might never have entered hospitals to seek care.

		Featured Research: Thomas Piketty presents, defends work on inequality The eighth speaker at the Macroeconomics Seminar this semester, Piketty presented his work and faced an array of questions about his assumptions and conclusions. Piketty�s book, the unexpected bestseller "Capital in the 21st Century," contends that if the rate of return on accumulated capital significantly exceeds overall growth rates, it will lead to a greater concentration of wealth in the hands of those who already have significant assets.

		Abhijit Banerjee and Esther Duflo Awarded 2014 Albert O. Hirschman Prize The 2014 Albert O. Hirschman Prize recognizes the Abdul Latif Jameel Poverty Action Lab (J-PAL) at MIT and Abhijit Banerjee and Esther Duflo for their commitment to the idea of producing new social scientific knowledge and so expanding frontiers of discovery while also confronting deep practical and ethical issues. Professors Banerjee and Duflo are receiving the Hirschman Prize not only for creating and building J-PAL but also for their own significant contributions to both research and practice.

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