Alexander Henderson Award
Encyclopedia
The Alexander Henderson Award is presented to the student at the Tepper School of Business
at Carnegie Mellon University
who displays the best work in the field of economic theory. A large proportion of the winners of the award has later made contributions to economics that have changed the practice of the field. Since its inception, four recipients have already been awarded the Nobel Memorial Prize in Economics: Oliver E. Williamson
, Dale T. Mortensen
, Edward C. Prescott
and Finn E. Kydland
. Among the deceased award winners are John Muth
, known as "the father of the rational expectations revolution"; Albert Ando
, among the very pioneers of overlapping-generations models
; and Jan Mossin
who derived the Capital Asset Pricing Model
.
Tepper School of Business
The Tepper School of Business is a private business school located on Carnegie Mellon University’s campus in Pittsburgh, Pennsylvania, USA.The school consistently ranks highly among the top business schools in the U.S., as well as in a wide range of specializations, such as finance,...
at Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
who displays the best work in the field of economic theory. A large proportion of the winners of the award has later made contributions to economics that have changed the practice of the field. Since its inception, four recipients have already been awarded the Nobel Memorial Prize in Economics: Oliver E. Williamson
Oliver E. Williamson
Oliver Eaton Williamson is an American economist, professor at the University of California, Berkeley and recipient of the Nobel Memorial Prize in Economic Sciences....
, Dale T. Mortensen
Dale T. Mortensen
Dale Thomas Mortensen is an American economist. He received his B.A. in economics from Willamette University and his Ph.D. in Economics from Carnegie Mellon University. He is a member of the Beta Theta Pi fraternity...
, Edward C. Prescott
Edward C. Prescott
Edward 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"...
and Finn E. Kydland
Finn E. Kydland
Finn Erling Kydland is a Norwegian economist. He is currently the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P...
. Among the deceased award winners are John Muth
John Muth
-Legacy:It has hard to point to one substantial area of economic research into dynamic problems which has not changed as a result of the publication of Muth's works at GSIA. Almost paradoxically, the only viable alternative to Muth's hypothesis is the research agenda put forward by Herb Simon and...
, known as "the father of the rational expectations revolution"; Albert Ando
Albert Ando
Albert K. Ando was a Japanese-born economist.He came to the United States after World War II. He received his B.S. in economics from the University of Seattle in 1951, his M.A. in economics from St. Louis University in 1953, and an M.S. in economics in 1956 and a Ph.D...
, among the very pioneers of overlapping-generations models
Intertemporal consumption
Economic theories of intertemporal consumption seek to explain people's preferences in relation to consumption and saving over the course of their life...
; and Jan Mossin
Jan Mossin
Jan Mossin was a Norwegian economist. Born in Oslo, he graduated with a siv.øk. degree from the Norwegian School of Economics in 1959...
who derived the Capital Asset Pricing Model
Capital asset pricing model
In finance, the capital asset pricing model is used to determine a theoretically appropriate required rate of return of an asset, if that asset is to be added to an already well-diversified portfolio, given that asset's non-diversifiable risk...
.
A few notable recipients
- 1954 – John MuthJohn Muth-Legacy:It has hard to point to one substantial area of economic research into dynamic problems which has not changed as a result of the publication of Muth's works at GSIA. Almost paradoxically, the only viable alternative to Muth's hypothesis is the research agenda put forward by Herb Simon and...
- 1955 – Albert AndoAlbert AndoAlbert K. Ando was a Japanese-born economist.He came to the United States after World War II. He received his B.S. in economics from the University of Seattle in 1951, his M.A. in economics from St. Louis University in 1953, and an M.S. in economics in 1956 and a Ph.D...
- 1956 – Kalman J. CohenKalman J. CohenKalman J. Cohen was an American economist and among the pioneers of studying market microstructure. Cohen was the Distinguished Bank Research Professor at Duke University's Fuqua School of Business. He served at Duke since 1974. Prior to joining the Duke faculty, he was a tenured professor at...
- 1962 – Oliver E. WilliamsonOliver E. WilliamsonOliver Eaton Williamson is an American economist, professor at the University of California, Berkeley and recipient of the Nobel Memorial Prize in Economic Sciences....
- 1965 – Dale T. MortensenDale T. MortensenDale Thomas Mortensen is an American economist. He received his B.A. in economics from Willamette University and his Ph.D. in Economics from Carnegie Mellon University. He is a member of the Beta Theta Pi fraternity...
- 1967 – 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"...
- 1968 – Jan MossinJan MossinJan Mossin was a Norwegian economist. Born in Oslo, he graduated with a siv.øk. degree from the Norwegian School of Economics in 1959...
- 1973 – Finn E. KydlandFinn E. KydlandFinn Erling Kydland is a Norwegian economist. He is currently the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P...
- 1974 – Costas AzariadisCostas AzariadisConstantine Christos "Costas" Azariadis, is a macroeconomist who was born February 17, 1943 in Athens, Greece. He has worked on diverse topics, such as labor markets, business cycles, and economic growth and development...
- 1978 – Edward J. GreenEdward J. GreenEdward J. Green is an American economist best known for his contributions to the theory of dynamic contracts. Green received his Ph.D. from Carnegie Mellon University in 1977. His dissertation won him the Alexander Henderson Award for excellence in economics...
- 1981 – V. V. ChariV. V. ChariVaradarajan Venkatachari Chari is an Indian-American economist and professor of economics at the University of Minnesota.-Biography:Chari received a Bachelor of Technology in Chemical Engineering from the Indian Institute of Technology, Bombay in 1974, and was a production engineer at Union Carbide...
- 1983 – Ravi JagannathanRavi JagannathanRavi Jagannathan is an American economist. He is currently a chaired professor at the Kellogg School of Management at Northwestern University. With the exception of the period 1989-1997 when he was a professor at the University of Minnesota, Jagannathan has been at Kellogg since graduate...
- 1991 – Wouter den HaanWouter den HaanWouter J. den Haan is a professor of economics at the London School of Economics, research fellow and programmae director of the CEPR, and editor of the Economic Journal...