The Stanford Institute for Economic Policy Research (SIEPR) is honoring Harvard Professor MARTIN S. FELDSTEIN for his contributions to economics.
Feldstein, who will receive the second SIEPR Prize for Contributions to Economic Policy at an event this fall, is also president emeritus of the National Bureau of Economic Research and a former chairman of the Council of Economic Advisers.
The SIEPR Prize for Contributions to Economic Policy is awarded every other year and carries a $100,000 award. The first recipient, in 2010, was PAUL VOLKER, former chairman of the Federal Reserve System.
Initial funding for the award came from GEORGE P. SHULTZ, former U.S. secretary of treasury, labor and state, and a distinguished fellow at the Hoover Institution. Shultz also played an important role in the creation of SIEPR and serves on the prize selection committee.
The prize recognizes those who have made outstanding lifetime contributions to improving the design and conduct of economic policy in the United States or abroad.
“I think Marty is a perfect choice for this prize,” said JOHN SHOVEN, director of SIEPR. “He led the profession in analyzing Social Security, he was one of the first economists to focus on health policy, and he was ahead of the curve in thinking about how changing demographics are impacting the economy.”
Shoven also praised Feldstein for his ideas on how to improve the functioning of the economy and said Feldstein “warned early on of the economic costs of large budget deficits.”
Feldstein, a graduate of Harvard College and Oxford University, began teaching at Harvard in 1967.
Read the full announcement.
BY MICHELLE MOSMAN
