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October 11, 2013 01:00 AM

Eight academics named as leading contenders for economics prize

Barry B. Burr
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    Eight academics, including a former chairman of President Barack Obama's Council of Economic Advisers, were named as leading contenders for the 2013 Nobel Memorial Prize in Economic Sciences, according to a prediction from Thomson Reuters.

    They include:

    Alan B. Krueger, Bendheim professor of economics and public affairs, Princeton University, who was chairman of Council of Economic Advisers from 2011 until earlier this year; Joshua D. Angrist, Ford professor of economics, Massachusetts Institute of Technology; David E. Card, Class of 1950 professor of economics, University of California, Berkeley. The three are named front-runners for their research work in empirical microeconomics.

    Others contenders are:

    • Sam Peltzman, Ralph and Dorothy Keller distinguished service professor emeritus of economics, Booth School of Business, University of Chicago;
    • Richard A. Posner, judge, U.S. 7th Circuit Court of Appeals, Chicago, and senior lecturer, University of Chicago Law School. Both he and Mr. Peltzman are named for their work in economic theories of regulation;
    • Sir David F. Henry, professor of economics, University of Oxford;

    • M. Hashem Pesaran, John Elliott distinguished chair in economics, professor of economics and director of the Center for Applied Financial Economics, University of Southern California;
    • Peter C.B. Phillips, Sterling professor of economics and statistics, Yale University. The three are named for their work in econometric time series.

    The prize, formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is awarded by the Royal Swedish Academy of Sciences. The winner is scheduled to be announced Oct. 14.

    Thomson Reuters has picked seven individuals who won or shared Nobel prizes in economics since the company began its annual predictions in 2002, David Pendlebury, Thomson Reuters citation analyst, who oversees the forecasting, said in an interview.

    The eight newly named contenders join 37 other academics Thomson Reuters has named between 2002 and last year who have yet to win and it still considers top contenders for the prize, Mr. Pendlebury said. Two other academics it named as front-runners have died without winning.

    Criteria for naming contenders include the frequency of citations in research papers to an individual's work, Mr. Pendlebury said.

    The four newly named contenders join 37 other academics Thomson Reuters has named between 2002 and last year who have yet to win and it still considers top contenders for the prize, Mr. Pendlebury said. Two other academics it named as frontrunners have died without winning.

    Criteria for naming contenders include the frequency of citations in research papers to an individual's work, Mr. Pendlebury said.

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