The John Bates Clark Medal was awarded biennially from 1947-2009 to an American economist under the age of forty who was judged to have made the most significant contribution to economic thought and knowledge. From 2010 forward, the Clark Medal has been awarded annually.
MIT has a distinguished history of Clark medalists that has become particularly outstanding in the past decade. Four of the last nine winners have been graduates of the MIT Ph.D. program. These winners, and their current affiliations, are Emmanuel Saez (Berkeley), Esther Duflo (MIT), Jon Levin (Stanford), and Amy Finkelstein (MIT). Other recent Clark Medalists with MIT PhDs include Andrei Shleifer (Harvard), Matthew Rabin (Berkeley), and Steven Levitt (Chicago). Over its entire history, MIT graduates account for the largest share of Clark Medal recipients among all Ph.D. programs. The table below illustrates MIT's success, compared with that of other top economics programs, in educating future Clark medalists.
Clark Medal Winners from Top 10 US Departments*
*List of top-10 departments obtained from US News & World Report rankings.