Congratulations to Nobel laureate and AEI adviser Eugene F. Fama

Reuters

University of Chicago professor Eugene F. Fama listens to remarks at a news conference after it was announced he won the 2013 Nobel Prize in Economics in Chicago, October 14, 2013. Fama is sharing the prize with American scientist Robert Shiller and Lars Hansen.

American Enterprise Institute (AEI) President Arthur Brooks has issued the following statement:

"We are proud and honored to congratulate Eugene F. Fama on winning — along with Robert J. Shiller and Lars Peter Hansen — the 2013 Nobel Prize in Economic Sciences for his research on what determines the price of an asset, whether a stock, bond or house."

Fama is a member of AEI's Council of Academic Advisers and as such, advises AEI's president on the institute's research agenda, appointments, and publications. In addition, each year the council selects the recipient of the Irving Kristol Award, AEI's highest honor.

Said Yale Law School Professor George L. Priest, who chairs AEI's Council of Academic Advisers: "Gene Fama is a unique and outstanding economist. No one could be more deserving of this award."
 
Widely recognized as the "father of modern finance," Fama is the Robert R. McCormick Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. His decades-long research demonstrates that price movements are extremely difficult to predict in the short run, a finding that fueled the rise of stock index funds.

AEI trustee Cliff Asness, a former doctoral student of Fama's at the University of Chicago, summarized the thoughts of the AEI community: "With Gene we know there's still more to come."

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About the Author

 

Arthur C.
Brooks
  • Arthur C. Brooks is president of the American Enterprise Institute (AEI). He is also the Beth and Ravenel Curry Scholar in Free Enterprise at AEI.

    Immediately before joining AEI, Brooks was the Louis A. Bantle Professor of Business and Government at Syracuse University, where he taught economics and social entrepreneurship.

    Brooks is the author of 10 books and hundreds of articles on topics including the role of government, fairness, economic opportunity, happiness, and the morality of free enterprise. His latest book, “The Road to Freedom: How to Win the Fight for Free Enterprise” (2012) was a New York Times bestseller. Among his earlier books are “Gross National Happiness” (2008), “Social Entrepreneurship” (2008), and “Who Really Cares” (2006). Before pursuing his work in public policy, Brooks spent 12 years as a classical musician in the United States and Spain.

    Brooks is a frequent guest on national television and radio talk shows and has been published widely in publications including The New York Times, The Wall Street Journal, and The Washington Post.

    Brooks has a Ph.D. and an M.Phil. in policy analysis from RAND Graduate School. He also holds an M.A. in economics from Florida Atlantic University and a B.A. in economics from Thomas Edison State College.


    Follow Arthur Brooks on Twitter.

  • Assistant Info

    Name: Danielle Duncan
    Phone: 202.419.5213
    Email: danielle.duncan@aei.org

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