Erwin Plein Nemmers Prize in Economics
Encyclopedia
The Erwin Plein Nemmers Prize in Economics is awarded biennially from Northwestern University
. It was initially endowed along with a companion prize, the Frederic Esser Nemmers Prize in Mathematics
. Both are part a $14 million donation from the Nemmers brothers, who envisioned creating an award that would be as prestigious as the Nobel prize. Five of the award recipients (Aumann, Diamond, McFadden Prescott, and Sargent) have subsequently been awarded the Nobel Prize for Economics. The award is given to recognize "work of lasting significance" in the respective disciplines. In particular, the prizes recognize "major contributions to new knowledge or the development of significant new modes of analysis."
Currently, the award carries a $150,000 stipend, believed to be the largest monetary prize for economics in the U.S., and the scholar spends 10 weeks in residence at Northwestern University.
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
. It was initially endowed along with a companion prize, the Frederic Esser Nemmers Prize in Mathematics
Nemmers Prize in Mathematics
The Frederic Esser Nemmers Prize in Mathematics is awarded biennially from Northwestern University. It was initially endowed along with a companion prize, the Erwin Plein Nemmers Prize in Economics, as part of a $14 million donation from the Nemmers brothers. They envisioned creating an award that...
. Both are part a $14 million donation from the Nemmers brothers, who envisioned creating an award that would be as prestigious as the Nobel prize. Five of the award recipients (Aumann, Diamond, McFadden Prescott, and Sargent) have subsequently been awarded the Nobel Prize for Economics. The award is given to recognize "work of lasting significance" in the respective disciplines. In particular, the prizes recognize "major contributions to new knowledge or the development of significant new modes of analysis."
Currently, the award carries a $150,000 stipend, believed to be the largest monetary prize for economics in the U.S., and the scholar spends 10 weeks in residence at Northwestern University.
Awardees
- 2010: Elhanan HelpmanElhanan HelpmanElhanan Helpman is an Israeli-American economist who works in the field of international trade, political economy and economic growth.-Biography:...
- 2008: Paul R. MilgromPaul MilgromPaul Robert Milgrom is an American economist. He is the Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University, a position he has held since 1987. Dr. Milgrom is an expert in game theory, specifically auction theory and pricing strategies...
- 2006: Lars Peter HansenLars Peter HansenLars Peter Hansen is an economist at the University of Chicago.- Biography :After graduating from Utah State University and the University of Minnesota Lars Peter Hansen (b. October 26, 1952 in Champaign, Illinois) is an economist at the University of Chicago.- Biography :After graduating from...
- 2004: Ariel RubinsteinAriel RubinsteinAriel Rubinstein is an Israeli economist who works in game theory. He was educated at the Hebrew University of Jerusalem, 1972–1979, in both mathematics and economics...
- 2002: Edward C. PrescottEdward C. PrescottEdward Christian Prescott is an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"...
- 2000: Daniel L. McFaddenDaniel McFaddenDaniel Little McFadden is an econometrician who shared the 2000 Nobel Memorial Prize in Economic Sciences with James Heckman ; McFadden's share of the prize was "for his development of theory and methods for analyzing discrete choice". He was the E. Morris Cox Professor of Economics at the...
- 1998: Robert J. AumannRobert AumannRobert John Aumann is an Israeli-American mathematician and a member of the United States National Academy of Sciences. He is a professor at the Center for the Study of Rationality in the Hebrew University of Jerusalem in Israel...
- 1996: Thomas J. SargentThomas J. SargentThomas John "Tom" Sargent is an American Nobel Memorial Prize in Economic Sciences winning economist, specializing in the fields of macroeconomics, monetary economics and time series econometrics...
- 1994: Peter A. DiamondPeter A. DiamondPeter Arthur Diamond is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. He was awarded the Nobel Memorial Prize in Economic Sciences in 2010, along with Dale T. Mortensen...