John Bates Clark Medal

The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge". According to The Chronicle of Higher Education, it "is widely regarded as one of the field’s most prestigious awards...second only to the Nobel Memorial Prize in Economic Sciences." The award was made biennially until 2007, but from 2009 is now awarded every year because many deserving went unawarded. The committee cited economists such as Edward Glaeser and John A. List in campaigning that the award should be annual. The award is named after the American economist John Bates Clark (1847–1938). Following an average wait of 22 years, approximately 30% of past Medal winners have gone on to win the Nobel, presented annually since 1969 at the Nobel Prize Award Ceremony in Stockholm. Moreover, 11 of the first 17 awardees (approximately 65%) went on to win the Nobel.

Although the Clark medal is billed as a prize for "American" economists, it is sufficient that the candidates work in the US at the time of the award; US nationality is not necessary to be considered. Indeed, past winners such as Daron Acemoglu, Emmanuel Saez, and Esther Duflo were born in Turkey, Spain, and France, respectively.

Past recipients

Twelve Clark Medal winners have gone on to win the Nobel Prize.

Year	Medalists	Institution (at time of receipt)	Alma mater	Nationality
1947	Paul A. Samuelson	Massachusetts Institute of Technology	Harvard University	United States
1949	Kenneth E. Boulding	University of Michigan	University of Oxford	United States
1951	Milton Friedman	University of Chicago	Columbia University	United States
1955	James Tobin	Yale University	Harvard University	United States
1957	Kenneth J. Arrow	Stanford University	Columbia University	United States
1959	Lawrence R. Klein	University of Pennsylvania	Massachusetts Institute of Technology	United States
1961	Robert M. Solow	Massachusetts Institute of Technology	Harvard University	United States
1963	Hendrik S. Houthakker	Harvard University	University of Amsterdam	Netherlands
1965	Zvi Griliches	Harvard University	University of Chicago	Israel
1967	Gary S. Becker	University of Chicago	University of Chicago	United States
1969	Marc Leon Nerlove	Yale University	Johns Hopkins University	United States
1971	Dale W. Jorgenson	Harvard University	Harvard University	United States
1973	Franklin M. Fisher	Massachusetts Institute of Technology	Harvard University	United States
1975	Daniel McFadden	University of California, Berkeley	University of Minnesota	United States
1977	Martin S. Feldstein	Harvard University	University of Oxford	United States
1979	Joseph E. Stiglitz	Princeton University	Massachusetts Institute of Technology	United States
1981	A. Michael Spence	Harvard University	Harvard University	United States
1983	James J. Heckman	University of Chicago	Princeton University	United States
1985	Jerry A. Hausman	Massachusetts Institute of Technology	University of Oxford	United States
1987	Sanford J. Grossman	Princeton University	University of Chicago	United States
1989	David M. Kreps	Stanford University	Stanford University	United States
1991	Paul R. Krugman	Massachusetts Institute of Technology	Massachusetts Institute of Technology	United States
1993	Lawrence H. Summers	World Bank	Harvard University	United States
1995	David Card	Princeton University	Princeton University	Canada
1997	Kevin M. Murphy	University of Chicago	University of Chicago	United States
1999	Andrei Shleifer	Harvard University	Massachusetts Institute of Technology	United States
2001	Matthew Rabin	Harvard University	Massachusetts Institute of Technology	United States
2003	Steven Levitt	University of Chicago	Massachusetts Institute of Technology	United States
2005	Daron Acemoglu	Massachusetts Institute of Technology	London School of Economics	Turkey, United States
2007	Susan C. Athey	Stanford University	Stanford University	United States
2009	Emmanuel Saez	University of California, Berkeley	Massachusetts Institute of Technology	France
2010	Esther Duflo	Massachusetts Institute of Technology	Massachusetts Institute of Technology	France
2011	Jonathan Levin	Stanford University	Massachusetts Institute of Technology	United States
2012	Amy Finkelstein	Massachusetts Institute of Technology	Massachusetts Institute of Technology	United States
2013	Raj Chetty	Stanford University	Harvard University	United States
2014	Matthew Gentzkow	Stanford University	Harvard University	United States
2015	Roland G. Fryer, Jr.	Harvard University	Pennsylvania State University	United States
2016	Yuliy Sannikov	Stanford University	Stanford University	Ukraine
2017	Dave Donaldson	Massachusetts Institute of Technology	London School of Economics	Canada

See also

• List of science and technology awards
• Yrjö Jahnsson Award
• Nakahara Prize
• Gossen Prize
• Fields Medal
• Bernácer Prize
• Elaine Bennett Research Prize

External links

• John Bates Clark Medal at American Economic Association website