Nobel winner Eugene Fama to receive American Enterprise Institute’s Irving Kristol Award

 American Enterprise Institute (AEI) president Arthur C. Brooks announced that the recipient of the 2014 Irving Kristol Award is Dr. Eugene F. Fama, a winner of the 2013 Nobel Prize in Economic Sciences.  The annual Kristol Award is AEI’s highest honor and is given to individuals selected by AEI's Council of Academic Advisers who have made exceptional intellectual and practical contributions to improve government policy, social welfare, or political understanding.  The award will be given at the 2014 AEI Annual Dinner to be held on May 6, 2014, in Washington DC, where Dr. Fama will deliver remarks entitled “Freedom is not a Random Walk.” 

Dr. Fama — widely recognized as the “father of modern finance” — 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.  He is also a member of AEI’s Council of Academic Advisers, and received the 2013 Nobel Prize in Economics, along with Robert J. Shiller and Lars Peter Hansen, for his research on what determines the price of an asset, whether a stock, bond, or house.

“Gene is a unique and outstanding economist,” said Arthur Brooks. “We are delighted that he received recognition from the Nobel Committee for his research, which has provided us all greater understanding into how financial markets and prices work.  Our nation and world need more scholars like Gene.”

“I want to thank AEI for this honor,” said Dr. Fama. “AEI is a special place, where quality research promotes economic freedom and human opportunity.  To receive the Kristol Award, to join its fellowship of scholars, is a singular honor, and I am grateful.”  

The Irving Kristol Award was established in 2002 in honor of AEI senior fellow Irving Kristol, replacing the Institute's Francis Boyer Award, which had been awarded annually for the previous twenty-five years.  Previous recipients of AEI’s highest honor include Arthur F. Burns, Richard Cheney, Christopher DeMuth, Martin Feldstein, Gerald Ford, Alan Greenspan, Leon Kass, Henry Kissinger, Charles Krauthammer, David Petraeus, Ronald Reagan, Paul Ryan, Antonin Scalia, Clarence Thomas, and George Will. 

For additional information regarding the Irving Kristol Award or other media inquiries please contact AEI Media Services at [email protected] or 202-862-5829.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Arthur C.
Brooks

What's new on AEI

Making Ryan's tax plan smarter
image The teacher evaluation confronts the future
image How to reform the US immigration system
image Inversion hysteria
AEI on Facebook
Events Calendar
  • 01
    MON
  • 02
    TUE
  • 03
    WED
  • 04
    THU
  • 05
    FRI
Wednesday, September 03, 2014 | 9:00 a.m. – 10:30 a.m.
From anarchy to Augustus: Lessons on dealing with disorder, from Rome’s first emperor

We invite you to join us for two panel discussions on how Augustus created order from chaos 2,000 years ago, and what makes for durable domestic and international political systems in the 21st century.

Wednesday, September 03, 2014 | 12:00 p.m. – 1:30 p.m.
Multiple choice: Expanding opportunity through innovation in K–12 education

Please join us for a book launch event and panel discussion about how a marketplace of education options can help today's students succeed in tomorrow's economy. Attendees will receive a complimentary copy of the featured book.

Thursday, September 04, 2014 | 12:00 p.m. – 1:30 p.m.
How conservatives can save the safety net

Please join us for a luncheon event in which our panel will discuss what conservatives can learn from how liberals talk and think about the safety net and where free-market economics, federalism, and social responsibility intersect to lift people out of poverty.

No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.