When was the John Bates Clark Medal established?
The American Economic Association established the John Bates Clark Medal in 1947. This decision honored economist John Bates Clark, who lived from 1847 to 1938.
Questions about John Bates Clark Medal
Short answers, pulled from the story.
Who received the first John Bates Clark Medal and where did he work?
Paul Samuelson received the inaugural medal that same year while working at Massachusetts Institute of Technology. His alma mater was Harvard University.
How often is the John Bates Clark Medal awarded now compared to before 2007?
Biennial distribution defined the award until 2007. The frequency shifted to annual distribution starting in 2009 because of the growth of the field.
What nationality requirements exist for candidates applying for the John Bates Clark Medal?
Candidates must work in the US at the time of the award but US nationality is not necessary to be considered. The age restriction remains under forty years old.
Which economists won both the John Bates Clark Medal and a Nobel Prize according to the text?
Many recipients went on to receive the Nobel Prizes in their later careers including Paul Samuelson who won the medal in 1947 and a Nobel Prize in 1970. Daron Acemoglu received it in 2005 and won a Nobel Prize in 2024.