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Columbia University Faculty – Nobel Memorial Prize in Economic Sciences Laureates


Edward Phelps at the Nobel Ceremony

Copyright © The Nobel Foundation 2006 Photo: Hans Mehlin


Edmund S. Phelps

McVickar Professor of Political Economy, Columbia University
Appointment with Columbia University: Professor of Economics, 1971-present
Prize Motivation: “for his analysis of intertemporal tradeoffs in macroeconomic policy”
Contribution: Deepened our understanding of the relation between short-run and long-run effects of macroeconomic policy.
Prize Year: 2006
Prize Lecture
CLIO Bibliography
Website

 


Joseph Stiglitz at the Nobel Ceremony

Copyright © The Nobel Foundation 2001 Photo: Hans Mehlin

Joseph E. Stiglitz (George A. Akerlof, A. Michael Spence)

University Professor, Columbia University
Appointment with Columbia University: Professor of Economics, 2001-present
Contribution: Showed that asymmetric information can provide the key to understanding many observed market phenomena, including unemployment and credit rationing.
Prize Motivation: “for their analyses of markets with asymmetric information.”
Prize Year: 2001
Prize Lecture
CLIO Bibliography

 

 


James J. Heckman receiving his Prize from His Majesty the King at the Stockholm Concert Hall 2000.

Copyright © The Nobel Foundation 2000 Photo: Hans Mehlin

James J. Heckman

Appointment with Columbia University: Professor of Economics, 1970 – 1974
Prize Motivation: “for his development of theory and methods for analyzing selective samples”
Contribution: Developed methods for handling selective samples in a statistically satisfactory way. He also showed how similar methods can be used to evaluate the effect of public labor market programs and educational programs, and to estimate the effect of length of unemployment on the probability of getting a job.
Prize Year: 2000
Prize Lecture
CLIO Bibliography
Foundation

 


Robert A. Mundell after receiving his Prize from His Majesty the King. Copyright © The Nobel Foundation 1999

Photo: Hans Mehlin

Robert A. Mundell

Appointment with Columbia University: Professor of Economics, 1974-present
Prize Motivation: “for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas”
Contribution: Analysed international macroeconomic policy and demonstrated the importance of the exchange rate regime, and how barriers to migration and capital movements stimulate commodity trade.
Prize Year: 1999
Prize Lecture
CLIO Bibliography
Website

 


William Vickrey

Photo: Record Photo by Joe Pineiro.

William Vickrey (James A. Mirrlees)

Appointment with Columbia University: Professor of Economics, 1958 – 1982
Prize Motivation: “for their fundamental contributions to the economic theory of incentives under asymmetric information”
Contrbution: Developed methods of analyzing the problems of incomplete, or asymmetrical, information. Specialized in auction theory.
Prize Year: 1996
Prize Lecture
CLIO Bibliography
Papers: http://www.columbia.edu/cu/lweb/eresources/archives/rbml/Vickrey/

 


Gary Becker working at a chalkboard

Photo: Courtesy of Joe Sterbenc/Becker Friedman Institute

Gary Becker

Appointment with Columbia University: Professor of Economics, 1957 –1969.
Prize Motivation: “for having extended the domain of microeconomic analysis to a wide range of human behavior and interaction, including nonmarket behavior”
Contribution: Extended the domain of economic theory to aspects of human behavior which had previously been dealt with by other social science disciplines such as sociology, demography and criminology.
Prize Year: 1992
Prize Lecture
CLIO Bibliography
Becker Friedman Institute


Franco Modigliani

Photo: Massachusetts Institute of Technology.

Franco Modigliani

Appointment with Columbia University: Instructor, 1942
Prize Motivation: “for his pioneering analyses of saving and financial markets”
Contribution: Developed sub models of private consumption and the financial sector, studied the consequences for household saving of changes in demography and economic growth, and laid the foundation for the field “corporate finance”.
Prize Year: 1985
Prize Lecture
CLIO Bibliography


George Stigler (right) with students

Photo: Special Collections Research Center, The University of Chicago Library.

George J. Stigler

Appointment with Columbia University: Professor of Economics, 1947 – 1958.
Prize Motivation: “for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation”
Contribution: Fundamental contributions to the study of market processes and the analysis of the structure of industries.
Prize Year: 1982
Prize Lecture
CLIO Bibliography

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1022 International Affairs Building (IAB)

Mail Code 3308

420 West 118th Street

New York, NY 10027

Ph: (212) 854-3680
Fax: (212) 854-0749
Business Hours:
Mon–Fri, 9:00 a.m.–5:00 p.m.