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Crescat scientia; Vita Excolatur

John Bates Clark Medalists

American Economic Association

Since 1947, the American Economic Association has biannually given the John Bates Clark Medal to the economist under 40 who has made the most important contributions to economics. Among economists, the Clark Medal is generally regarded as being as important as the Nobel Memorial Prize in Economic Science.

Steven Levitt

Steven Levitt

Alvin H. Baum Professor of Economics, 2002–present; Professor, 1999–2002; Associate Professor, 1998–99; Assistant Professor, 1997–98.

John Bates Clark Medal, 2003


Andrei Shleife

Andrei Shleifer

Professor of Finance and Business Economics, Graduate School of Business, 1989–90; Assistant Professor, 1987–89.

John Bates Clark Medal, 1999


Kevin M. Murphy

Kevin M. Murphy

Ph.D., Economics, 1986.
George J. Stigler Professor of Economics, Department of Economics and Graduate School of Business, 2002–present; Professor of Business Economics and Industrial Relations, 1989–93; Associate Professor, 1988–89; Assistant Professor, 1986–88; Lecturer, Graduate School of Business, 1983–86; Teaching Associate, Department of Economics, 1982–83.

John Bates Clark Medal, 1997


David Card

David Card

Assistant Professor of Business Economics, Graduate School of Business, 1982–1983.

John Bates Clark Medal, 1995


Sanford J. Grossman

A.B. (Honors), Economics, 1973; M.A., 1974; Ph.D., 1975.
Professor, Department of Economics, 1981–85.

John Bates Clark Medal, 1987


James J. Heckman

James J. Heckman

Henry Schultz Distinguished Service Professor in Economics and Public Policy, 1995–present; Henry Schultz Professor in the Harris School of Public Policy, 1990–95, and in Economics, 1985–95; Professor in the Department of Economics, 1977–85; Associate Professor, 1973–77.

John Bates Clark Medal, 1983


Daniel McFadden

Daniel McFadden

Visiting Associate Professor, Department of Economics, 1966–67.

John Bates Clark Medal, 1975


Franklin M. Fisher

Franklin M. Fisher

Assistant Professor, Department of Economics, 1959–60.

John Bates Clark Medal, 1973


Dale W. Jorgenson

Dale W. Jorgenson

Ford Foundation Research Professor, Department of Economics, 1962–63.

John Bates Clark Medal, 1971


Marc Leon Nerlove

Marc Leon Nerlove

A.B. (Honors), Mathematics, 1952.

John Bates Clark Medal, 1969


Gary S. Becker

Gary S. Becker

A.M., Economics, 1953; Ph.D., 1955.
University Professor in the Departments of Economics and Sociology and Graduate School of Business, 1970–present.

John Bates Clark Medal, 1967


Zvi Griliches

Zvi Griliches (1930–1999)

A.M., Economics, 1955; Ph.D., 1957
Professor, Department of Economics, 1964–69; Associate Professor, 1960–64; Assistant Professor, 1956–59.

John Bates Clark Medal, 1965


Lawrence R. Klein

Lawrence R. Klein

Researcher, Department of Economics, 1942–43.

John Bates Clark Medal, 1959


Kenneth J. Arrow

Kenneth J. Arrow

LL.D., 1967
Assistant Professor, Department of Economics, 1948–49; Research Associate and Instructor, 1947–48

John Bates Clark Medal, 1957


Milton Friedman

Milton Friedman (1912–2006)

A.M., 1933
Paul Snowden Distinguished Service Professor Emeritus, 1982–2006; Paul Snowden Distinguished Service Professor, Department of Economics, 1962–82; Professor, 1948–62; Associate Professor, 1946–48; Research Assistant in the Social Science Research Committee, 1934–35

John Bates Clark Medal, 1951


Kenneth E. Boulding

Kenneth E. Boulding (1910–1993)

Research Associate, circa 1934–1936.

John Bates Clark Medal, 1949


Paul A. Samuelson

Paul A. Samuelson

A.B., 1935; LL.D., 1961.

John Bates Clark Medal, 1947