RSF Affiliates Awarded Nobel Memorial Prize in Economic Science

Since 1987, eight scholars affiliated with the Russell Sage Foundation have won the Nobel Memorial Prize in Economic Science. Established in 1968, the Nobel Prize in Economics annually recognizes outstanding contributions to the study of economics and is considered the most prestigious award in the field. RSF affiliates have been awarded the Nobel Prize for their contributions to a number of areas, including behavioral economics, economic growth, and game theory analysis.

Robert Solow, 1987 

Robert Solow is the Russell Sage Foundation’s Robert K. Merton Scholar and Institute Professor Emeritus at M.I.T. He was a visiting scholar at the foundation from 1999–2000 and became the Merton Scholar in 2001. Known in particular for his work on theories of economic growth, Solow is the recipient of the John Bates Clark Medal (1961), the National Medal of Science (1999), and the Presidential Medal of Freedom (2014), in addition to the Nobel Prize.

George Akerlof, 2001

George Akerlof is a member of the foundation's Behavioral Economics Roundtable and an incoming Margaret Olivia Sage scholar. He is the Daniel E. Koshland, Sr. Distinguished Professor Emeritus of Economics at the University of California, Berkeley, and University Professor at Georgetown University’s McCourt School of Public Policy. He is the co-author of several books, including Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) and Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being (2010).

Daniel Kahneman, 2002

Daniel Kahneman is a member of the foundation's Behavioral Economics Roundtable, the co-editor of the RSF book Well-Being (2003), and the recipient of multiple RSF grants. He is professor emeritus of psychology and public affairs at Princeton University's Woodrow Wilson School, author of the bestselling book Thinking, Fast and Slow (2011), and the recipient of the Presidential Medal of Freedom (2013) and the American Psychological Association's Award for Outstanding Lifetime Contributions to Psychology (2007).

Thomas Schelling, 2005

Thomas Schelling (1921–2016) was a member of the foundation's Behavioral Economics Roundtable and a contributor to the RSF books Choice Over Time (1992) and Evolution and the Capacity for Commitment (2001). He was professor of foreign policy, national security, nuclear strategy, and arms control at the School of Public Policy at University of Maryland, College Park. Prior to that he was professor of economics and Lucius N. Littauer Professor of Political Economy at Harvard University's Kennedy School.

Edmund Phelps, 2006

Edmund Phelps is a former RSF visiting scholar (1993-1994), the editor of the RSF book Altruism, Morality, and Economic Theory (1975), and the recipient of multiple grants from RSF. He is McVickar Professor of Political Economy at Columbia University and the director of Columbia's Center on Capitalism and Society. He has been named a Distinguished Fellow of the American Economic Association (2002), Chevalier of France's Legion of Honor (2008), and is the recipient of the Global Economy Prize of Kiel Institute for the World Economy (2008).

Robert Shiller2013

Robert Shiller is a member of the foundation's Behavioral Economics Roundtable, a contributor to the RSF book Advances in Behavioral Finance (1993), and the recipient of multiple grants from RSF. He is Sterling Professor of Economics at Yale University and a fellow at the Yale School of Management's International Center for Finance, and has served as vice president of the American Economic Association (2005) and president of the Eastern Economic Association (2006–2007). He is author of multiple books, including the New York Times bestseller Irrational Exuberance (2000).

Jean Tirole, 2014

Jean Tirole is a member of the foundation's Behavioral Economics Roundtable and the founder of the Summer Institute on Economics and Psychology at the University of Toulouse, which was cosponsored by RSF. He is chairman of the board of the Jean-Jacques Laffont Foundation at the Toulouse School of Economics, and scientific director of the Industrial Economics Institute (IDEI) at Toulouse 1 University Capitole in France.

Richard Thaler, 2017

Richard Thaler is a former RSF trustee, a member of the foundation’s Behavioral Economics Roundtable, and an incoming Margaret Olivia Sage scholar. He is the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the co-author of Nudge: Improving Decisions About Health, Wealth, and Happiness (2008), the author of the RSF book Quasi Rational Economics (1994), and the editor of the RSF volume Advances in Behavioral Finance (1993).

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