Nancy Laura Stokey (born 1950) is the Frederick Henry Prince Distinguished Service Professor of
EconomicsEconomics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
at the
University of ChicagoThe University of Chicago is a private, coeducational research university in Chicago, Illinois, USA. It was founded by oil magnate and benefactor John D...
. She has earned her BA in economics from the
University of PennsylvaniaThe University of Pennsylvania is a private research university located in Philadelphia, Pennsylvania, USA. Penn is the fourth-oldest institution of higher education in the United States, and is one of several institutions that claims to have been the first university in America...
in 1972 and her PhD from
Harvard UniversityHarvard University is a private university located in Cambridge, Massachusetts and a member of the Ivy League. Founded in 1636 by the colonial Massachusetts legislature, Harvard is the oldest institution of higher learning in the United States and currently comprises ten separate academic units...
in 1978, her thesis advisor being Nobel Prize in Economics laureate
Kenneth ArrowKenneth Joseph Arrow is an American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to receive this award, at 51....
.
Stokey has published significant research in the areas of economic growth and development, as well as papers on economic history ("A Quantitative Model of the British
Industrial RevolutionThe Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture, manufacturing, mining, and transport had a profound effect on the socioeconomic and cultural conditions in the United Kingdom. The changes subsequently spread throughout Europe, North...
: 1780-1850," 2001) and econometrics ("Dynamic Programming with Homogeneous Functions," 1998, co-authored with
Fernando AlvarezFernando Enrique Alvarez is a macroeconomist. He is a professor of economics at the University of Chicago. He received his Ph.D. from the University of Minnesota in 1994....
).
Nancy Laura Stokey (born 1950) is the Frederick Henry Prince Distinguished Service Professor of
EconomicsEconomics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
at the
University of ChicagoThe University of Chicago is a private, coeducational research university in Chicago, Illinois, USA. It was founded by oil magnate and benefactor John D...
. She has earned her BA in economics from the
University of PennsylvaniaThe University of Pennsylvania is a private research university located in Philadelphia, Pennsylvania, USA. Penn is the fourth-oldest institution of higher education in the United States, and is one of several institutions that claims to have been the first university in America...
in 1972 and her PhD from
Harvard UniversityHarvard University is a private university located in Cambridge, Massachusetts and a member of the Ivy League. Founded in 1636 by the colonial Massachusetts legislature, Harvard is the oldest institution of higher learning in the United States and currently comprises ten separate academic units...
in 1978, her thesis advisor being Nobel Prize in Economics laureate
Kenneth ArrowKenneth Joseph Arrow is an American economist and joint winner of the Nobel Memorial Prize in Economics with John Hicks in 1972. To date, he is the youngest person to receive this award, at 51....
.
Stokey has published significant research in the areas of economic growth and development, as well as papers on economic history ("A Quantitative Model of the British
Industrial RevolutionThe Industrial Revolution was a period from the 18th to the 19th century where major changes in agriculture, manufacturing, mining, and transport had a profound effect on the socioeconomic and cultural conditions in the United Kingdom. The changes subsequently spread throughout Europe, North...
: 1780-1850," 2001) and econometrics ("Dynamic Programming with Homogeneous Functions," 1998, co-authored with
Fernando AlvarezFernando Enrique Alvarez is a macroeconomist. He is a professor of economics at the University of Chicago. He received his Ph.D. from the University of Minnesota in 1994....
). She is the co-developer, with
Paul MilgromPaul Robert Milgrom is an American economist. He is currently the Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University, a position he has held since 1987. Dr. Milgrom is an expert in game theory, specifically auction theory and pricing strategies...
, of the
no-trade theoremIn financial economics, the no-trade theorem states that if markets are in a state of efficient equilibrium, if there are no noise traders or other non-rational interferences with prices, and if the structure by which traders or potential traders acquire information is itself common knowledge, then...
, a counter-intuitive development of the premises of
financial economicsFinancial economics is the branch of economics concerned with "the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment" ....
. She co-authored with
Robert Lucas, Jr.Robert Emerson Lucas, Jr. is an American economist at the University of Chicago. He received the Nobel Memorial Prize in Economic Sciences in 1995 and is consistently indexed among the top 10 economists in the Research Papers in Economics rankings. He is married to economist Nancy Stokey.He...
and Edward Prescott a book on
Recursive Methods in Economic Dynamics that is widely used by research economists and graduate students.
Stokey is a member of the
National Academy of SciencesThe National Academy of Sciences is a corporation in the United States whose members serve pro bono as "advisers to the nation on science, engineering, and medicine."The group holds a congressional charter under Title 36 of the United States Code....
and was a vice-president of the
American Economic AssociationThe American Economic Association, or AEA, is a learned society in the field of economics. It publishes one of the most prestigious academic journals in economics: the American Economic Review. The AEA was established in 1885 by religious and social reformer Richard T...
between 1996-1997. She was also a member of the expert panel convened to produce a
Copenhagen ConsensusCopenhagen Consensus is a project that seeks to establish priorities for advancing global welfare using methodologies based on the theory of welfare economics. It was conceived and organized by Bjørn Lomborg, the author of The Skeptical Environmentalist and the then director of the Danish...
on some of the leading scientific/developmental problems of the 21st century. She has held editorial positions with top journals as
EconometricaEconometrica is an academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell...
,
The Journal of Economic Growth, Games and Economic Behavior and
The Journal of Economic Theory.
She is married to Nobel Prize in Economics laureate
Robert Lucas, Jr.Robert Emerson Lucas, Jr. is an American economist at the University of Chicago. He received the Nobel Memorial Prize in Economic Sciences in 1995 and is consistently indexed among the top 10 economists in the Research Papers in Economics rankings. He is married to economist Nancy Stokey.He...
.
External links
- Nancy Stokey's homepage at the University of Chicago website