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Robert Solow wins Presidential Medal of Freedom
Robert Solow wins Presidential Medal of Freedom
Institute Professor Robert Solow is among 19 new winners of the Presidential Medal of Freedom, the nation's highest civilian honor. "Robert Solow is one of the most widely respected economists of the past 60 years," the White House said of the MIT economist, who received the Nobel Prize in economics in 1987. "His research in the 1950s, 1960s, and 1970s transformed the field, laying the groundwork for much of modern economics. He continues to influence policymakers, demonstrating how smart investments, especially in new technology, can build broad-based prosperity, and he continues to actively participate in contemporary debates about inequality and economic growth."
Featured Research: How to conduct cause-and-effect studies on complex social questions
Featured Research: How to conduct cause-and-effect studies on complex social questions
If you would like to produce good quantitative social-science research, try remembering these two words: "ceteris paribus." That's Latin for "other things being equal." And it's a key principle when designing studies: Find two groups of people who, other things being equal, are distinguished by one key feature. Josh Angrist, the Ford Professor of Economics, has long been one of the leading advocates of research that uses "ceteris paribus" principles. Prof. Angrist and co-author Jorn-Steffen Pischke (London School of Economics), have written a book on the subject for a general audience, "Mastering 'Metrics: The Path from Cause to Effect," published this month.
Esther Duflo awarded Infosys Social Sciences Prize
Esther Duflo awarded Infosys Social Sciences Prize
The Infosys Prize 2014 in Social Sciences was awarded to Professor Esther Duflo in recognition of her pioneering and prodigious contributions to development economics, with important implications for policies pertaining to the delivery of services to the poor.
James Poterba awarded Daniel M. Holland Medal
James Poterba awarded Daniel M. Holland Medal
Mitsui Professor of Economics, James Poterba, is the first MIT faculty member to receive the Daniel M. Holland Medal from the National Tax Association in honor of his outstanding contributions to the study and practice of public finance.
David Autor elected Fellow of Econometric Society
David Autor elected Fellow of Econometric Society
Professor David Autor has been elected a Fellow of the Econometric Society for his highly regarded contributions to Economics. The Econometric Society is an international society for the advancement of economic theory in its relation to statistics and mathematics.
Jean Tirole awarded Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Jean Tirole awarded Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2014 was awarded to Jean Tirole (Ph.D. '81 and Annual Visiting Professor of Economics at MIT) "for his analysis of market power and regulation".
3 Questions: Jonathan Gruber on the cost of smoking
3 Questions: Jonathan Gruber on the cost of smoking
Ford Professor, Jonathan Gruber, weighs in on a proposed cost-benefit analysis of smoking.
Featured Research: Workplace diversity can help the bottom line
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.
Abhijit Banerjee awarded 2014 Benhard Harms Prize
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
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.
Nancy Rose named Deputy Assistant Attorney General for Economic Analysis (Department of Justice)
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"
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.
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