John Bates Clark Medal

AAA

DEFINITION of 'John Bates Clark Medal'

An award issued to an American economist under the age of 40 who has made important contributions to the field of economics. The Clark Medal is one of the most prestigious awards in the field, and many John Bates Clark Medal winners have gone on to win the Nobel prize in economics.


Unlike the Nobel prize, however, the medal is never awarded to more than one economist in the same year.

INVESTOPEDIA EXPLAINS 'John Bates Clark Medal'

The John Bates Clark Medal is considered one of the two most prestigious awards that an economist can earn, along with the Nobel Memorial Prize in Economic Sciences. Many winners of the medal go on to also become Noble Memorial Prize winners: from 1947 to 2010, 12 of the 32 winners of the John Bates Clark Medal also won the Nobel Memorial Prize.


Previous winners include Paul Samuelson, Milton Friedman, James Tobin, Kenneth Arrow, Robert Solow, Joseph Stiglitz, Paul Krugman, Zvi Griliches, Gary Becker, Daniel McFadden, A. Michael Spence and James Heckman. John Bates Clark was an American neoclassical economist who passed away March 21, 1938.




RELATED TERMS
  1. Nakahara Prize

    An award issued to a Japanese economist under the age of 45 who ...
  2. Alfred Nobel

    The man after whom the Nobel Prize is named. Nobel, born in 1833 ...
  3. Economist

    An expert who studies the relationship between a society's resources ...
  4. Economics

    A social science that studies how individuals, governments, firms ...
  5. Dismal Science

    A term coined by Scottish writer, essayist and historian Thomas ...
  6. Tianjin, China

    A definition of Tianjin, China.
Related Articles
  1. Economics

    The Economics Of Labor Mobility

  2. Austrian School of Economics, von Hayek
    Economics

    The Austrian School Of Economics

  3. thinkstock|istock
    Economics

    Understanding Supply-Side Economics

  4. thinkstock|digital vision
    Economics

    Monetarism: Printing Money To Curb Inflation

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center