MIT Department of Economics

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

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

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 Carhart 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

External links

[MIT Department of Economics website]

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