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Fellows of the Econometric Society

  • Kevin M. MurphyIn 2023, Google's expert witness Kevin M. Murphy said Apple gets 36% of its Safari default-search revenue.
  • Alvin HansenEconomist Alvin Hansen doubted Keynes at first, then embraced him. By December 1938 he was a full convert.
  • Emi NakamuraEmi Nakamura found that many recorded price changes were just temporary sales.
  • Robert Lucas Jr.Robert Lucas's divorce deal gave his ex-wife half of any Nobel Prize awarded before October 31, 1995.
  • Amy FinkelsteinOregon held a Medicaid lottery in 2008, and economist Amy Finkelstein turned it into an experiment.
  • Joseph StiglitzJoseph Stiglitz explained why wages stay high in recessions even when workers are desperate for jobs.
  • George AkerlofGeorge Akerlof showed why good used cars can vanish from a market.
  • Friedrich HayekThree days before the 1929 Wall Street crash, Friedrich Hayek wrote that no sudden collapse was expected.
  • John von NeumannJohn von Neumann's father asked Theodore von Kármán to talk his son out of mathematics.
  • Milton FriedmanMilton Friedman argued the Federal Reserve let the money supply shrink by one-third between 1929 and 1933.
  • Esther DufloEsther Duflo was 46 when she became the youngest Nobel economics winner ever. She shared it in 2019.
  • Paul KrugmanPaul Krugman turned to economics because psychohistory was fiction. Asimov's novels inspired him.
  • Paul SamuelsonPaul Samuelson said he was born as an economist at age sixteen. It happened in a 1932 Chicago lecture on Malthus.
  • James TobinJames Tobin proposed a tax on currency trading to throw sand in the wheels of speculation.
  • Janet YellenJanet Yellen is the only person to have led the Fed, the White House economic advisers and the Treasury.
  • Angus DeatonIn 2024, Nobel economist Angus Deaton said he had changed his mind on much of mainstream economics.
  • John Forbes Nash Jr.John Forbes Nash Jr., an American mathematician, once mailed letters to embassies in Washington, D.C., announcing that he was founding a government. He signed them John Nash, Emperor of Antarctica, a title he believed he was in line to…
  • Larry SummersLarry Summers, born Lawrence Henry Summers, was 28 years old in 1983 when Harvard gave him tenure, making him one of the youngest tenured professors in the university's history. Soon afterward, doctors diagnosed him with late-stage…
  • Herbert A. SimonHerbert Simon argued that people don't pick the best option, they settle for good enough. He called it satisficing.
  • Daniel KahnemanDaniel Kahneman won the 2002 economics Nobel without ever taking an economics course.
  • John HicksEconomist John Hicks called his own famous diagram a classroom gadget. He made the IS-LM model in 1937.
  • Joseph SchumpeterJoseph Schumpeter did not coin "creative destruction", the phrase he made famous. He borrowed it from Werner Sombart.
  • Oskar MorgensternOskar Morgenstern was born on the 24th of January 1902 in Görlitz, a town in the Prussian Province of Silesia. According to a rumor, his mother was a daughter of Emperor Frederick III. Whatever the truth of that story, the child grew up…
  • Oliver Hart (economist)Economist Oliver Hart was called as a government expert witness in two tax cases.
  • Amartya SenAmartya Sen carries a name that was chosen for him by a Nobel laureate. Rabindranath Tagore, the first Asian to win a Nobel Prize, gave the newborn the name অমর্ত্য. The boy was born on the 3rd of November 1933 in Santiniketan, Bengal,…
  • Franco ModiglianiEconomist Franco Modigliani won a student prize from Mussolini himself. Later he fled Italy and won a Nobel Prize.
  • Gary BeckerEconomist Gary Becker argued that criminals are not irrational. He said they weigh the risks and rewards of a crime.
  • Olivier BlanchardOlivier Blanchard became the IMF's chief economist two weeks before Lehman Brothers collapsed.
  • Amos TverskyAmos Tversky ran toward a live explosive to save a frozen soldier. The shrapnel stayed in his body for life.
  • Susan AtheyA summer job preparing computer sales bids set Susan Athey on the path to economics.
  • James HeckmanAre people who join a program different from those who don't? James Heckman won a Nobel Prize for fixing that problem.
  • Richard ThalerEconomist Richard Thaler played himself in the 2015 film The Big Short.
  • John Maynard KeynesAt Bretton Woods in 1944, Keynes proposed a world currency called the bancor, and the United States rejected it.
  • Lawrence KleinLawrence Klein's model correctly predicted a postwar boom when many expected a depression.
  • Claudia GoldinIn October 2023, the economist Claudia Goldin received the Nobel Memorial Prize in Economic Sciences "for having advanced our understanding of women's labor market outcomes". Only two women had won the award before her. None had ever won…
  • Melissa DellMelissa Dell compared Peruvian communities on either side of an old forced-labor boundary. Gaps lasted centuries.
  • Robert J. ShillerRobert J. Shiller called the stock market a bubble in his 2000 book Irrational Exuberance. He shared a Nobel in 2013.
  • Joel MokyrEconomist Joel Mokyr won half of the 2025 Nobel Memorial Prize in Economic Sciences. He argues ideas drive growth.
  • William BaumolEconomist William Baumol explained why string quartets keep getting pricier.

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