MIT Department of Economics

From Wikipedia, the free encyclopedia

The MIT Department of Economics is a department of the Massachusetts Institute of Technology in Cambridge, Massachusetts.

Undergraduate studies in economics were introduced in the 19th century by institute president Francis Amasa Walker. The department's Ph.D. program was introduced in 1941.

[edit] Prominent faculty

• Paul Samuelson (1940 - ), Nobel Prize, 1970
• Franco Modigliani (1962 - 2003), Nobel Prize, 1985
• John Williamson (1967 - 1980), originator of the 'Washington Consensus'
• Robert Solow, Nobel Prize, 1987
• Stanley Fischer, (1977 - 1999), governor, Bank of Israel
• Robert F. Engle
• Daniel McFadden
• George P. Shultz
• Myron S. Scholes
• Rudi Dornbusch

[edit] Alumni

• Lawrence Klein (Ph.D., 1944), Nobel Prize, 1980
• Robert Mundell (Ph.D., 1956), Nobel Prize, 1999
• George Akerlof (Ph.D., 1966), Nobel Prize 2001
• Joseph E. Stiglitz (Ph.D., 1967), Nobel Prize, 2001
• William Nordhaus (Ph.D., 1967), Council of Economic Advisers 1977 - 1979
• Robert C. Merton (Ph.D, 1970), Nobel Prize, 1997
• Tommaso Padoa-Schioppa, (Ph.D. 1970), European Central Bank Executive Board 1998-2005
• Martin Neil Baily (Ph.D., 1972), Council of Economic Advisers Chairman 1999 - 2001
• Lawrence Summers (B.S., 1975) Secretary of the Treasury, 1999 - 2001
• Lucas Papademos, (Ph.D. 1977), European Central Bank Vice President 2002 -
• Ben Bernanke, (Ph.D., 1979) Chairman of the Federal Reserve, 2006 -
• N. Gregory Mankiw (Ph.D., 1984), Council of Economic Advisers Chairman 2003 - 2005
• Andrew Samwick (Ph.D. 1993), Council of Economic Advisers Chief Economist 2003 - 2004
• Steven Levitt (Ph.D. 1994), John Bates Clark Medal, 2003; author Freakonomics
• Kristin Forbes (Ph.D., 1998), Council of Economic Advisers 2003 - 2005

[edit] External links

• MIT Department of Economics website