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, perhaps second only to the Nobel Memorial Prize in Economic Sciences." The award was made biennially until 2007, but is being awarded every year from 2009 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. Named after the American economist John Bates Clark (1847–1938), it is considered one of the two most prestigious awards in the field of economics, along with the Nobel Prize. Following an average wait of 22 years, approximately 40% 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	Nationality
1947	Paul A. Samuelson	Massachusetts Institute of Technology	United States
1949	Kenneth E. Boulding	University of Michigan	United Kingdom
1951	Milton Friedman	University of Chicago	United States
1953	No award
1955	James Tobin	Yale University	United States
1957	Kenneth J. Arrow	Stanford University	United States
1959	Lawrence R. Klein	University of Pennsylvania	United States
1961	Robert M. Solow	Massachusetts Institute of Technology	United States
1963	Hendrik S. Houthakker	Harvard University	Netherlands
1965	Zvi Griliches	University of Chicago	Israel
1967	Gary S. Becker	University of Chicago	United States
1969	Marc Leon Nerlove	Yale University	United States
1971	Dale W. Jorgenson	Harvard University	United States
1973	Franklin M. Fisher	Massachusetts Institute of Technology	United States
1975	Daniel McFadden	University of California, Berkeley	United States
1977	Martin S. Feldstein	Harvard University	United States
1979	Joseph E. Stiglitz	Oxford University	United States
1981	A. Michael Spence	Harvard University	United States
1983	James J. Heckman	University of Chicago	United States
1985	Jerry A. Hausman	Massachusetts Institute of Technology	United States
1987	Sanford J. Grossman	Princeton University	United States
1989	David M. Kreps	Stanford University	United States
1991	Paul R. Krugman	Massachusetts Institute of Technology	United States
1993	Lawrence H. Summers	World Bank	United States
1995	David Card	Princeton University	Canada
1997	Kevin M. Murphy	University of Chicago	United States
1999	Andrei Shleifer	Harvard University	United States
2001	Matthew Rabin	University of California, Berkeley	United States
2003	Steven Levitt	University of Chicago	United States
2005	Daron Acemoğlu	Massachusetts Institute of Technology	Turkey, United States
2007	Susan C. Athey	Massachusetts Institute of Technology	United States
2009	Emmanuel Saez	University of California, Berkeley	France
2010	Esther Duflo	Massachusetts Institute of Technology	France
2011	Jonathan Levin	Stanford University	United States
2012	Amy Finkelstein	Massachusetts Institute of Technology	United States
2013	Raj Chetty	Harvard University	United States
2014	Matthew Gentzkow	University of Chicago	United States
2015	Roland G. Fryer, Jr.	Harvard University	United States

See also

• List of prizes, medals, and awards
• Yrjö Jahnsson Award
• Nakahara Prize
• Gossen Prize
• Fields Medal

External links

• John Bates Clark Medal at American Economic Association website