Robert W. Fogel

DEFINITION of 'Robert W. Fogel'

An American economic historian and scientist who won the 1993 Nobel Prize in Economics, along with Douglass North, for his methods of explaining economic and institutional change. Robert William Fogel is considered a pioneer of cliometrics, a branch of economic history. In the 1960s, he became known for his research on the impact of railroads on economic growth in the United States. In the 1970s, he made controversial arguments about the economic viability of slavery. Fogel has also conducted research on the economics of life expectancy and aging.

BREAKING DOWN 'Robert W. Fogel'

Fogel was born in New York City in 1926 and earned his Ph.D. from Johns Hopkins in 1964. He trained under George Stigler, Carter Goodrich and Simon Kuznets. Fogel has spent most of his career as a professor at the University of Chicago but has also taught at Harvard, Johns Hopkins, the University of Rochester and Cambridge.

RELATED TERMS
  1. Douglass C. North

    An American economist and winner of the 1993 Nobel Memorial Prize ...
  2. Cliometrics

    A method of analyzing history through the application of quantitative ...
  3. Simon Kuznets

    A Russian-American economist and statistician who won the 1971 ...
  4. Vernon L. Smith

    An American economist who won the Nobel Prize in Economics in ...
  5. Merton Miller

    A prominent Chicago school economist. Miller was born in 1923 ...
  6. Thomas C. Schelling

    An American economist who won the 2005 Nobel Memorial Prize in ...
Related Articles
  1. Markets

    Nobel Winners Are Economic Prizes

    Before you try to profit from their theories, you should learn about the creators themselves.
  2. Markets

    How Influential Economists Changed Our History

    Find out how these five groundbreaking thinkers laid our financial foundations.
  3. Investing

    5 Nobel Prize-Winning Economic Theories You Should Know About

    Here are 5 prize-winning economic theories that you’ll want to be familiar with.
  4. Markets

    Economic Growth

    Economic growth happens when the market value of the goods and services in an economy increase in one time period as compared to a prior time period.
  5. Financial Advisor

    A Day In The Life Of An Economist

    We've interviewed three economists with very different job descriptions to give you an idea of the many possibilities this career choice offers.
  6. Markets

    Is Infinite Economic Growth on a Finite Planet Possible?

    While the finite nature of Earth's resources limits the direction of economic growth, it does not mean that infinite economic growth is impossible.
  7. Markets

    The Difference Between Finance And Economics

    Learn the differences between these closely related disciplines and how they inform and influence each other.
  8. The Dangerous Idea Keeping You From Outsized Gains

    There's a dangerous idea in the world of finance that's been floating around for years. The man who coined this idea won a Nobel Prize for his work, but even he has stated that there are "threats" ...
  9. Markets

    Simon Johnson on the Next Global Recession

    Simon Johnson is forecasting a "rollercoaster ride" for the world's economy.
  10. Financial Advisor

    Growth Investing: Famous Growth Investors (PRGFX)

    Find out who were the most famous growth investors of their time, and learn about the investment strategies that made them successful.
RELATED FAQS
  1. What impact does economics have on government policy?

    Learn about the impact of economic conditions on government policy and understand how governments engineer economic conditions ... Read Answer >>
  2. Is industrialization good for the economy?

    Find out why industrialization can be considered the most important economic transition in history, dramatically increasing ... Read Answer >>
  3. What are some of the limitations and drawbacks of economics as a field?

    Find out why the field of economics is full of controversy. Policy decisions, political campaigns and personal finances are ... Read Answer >>
  4. What schools did Warren Buffett attend on his way to getting his science and economics ...

    Learn how Warren Buffett became so successful through his attendance at multiple prestigious schools and his real-world experiences. Read Answer >>
  5. What is the homo economicus?

    Homo economicus or "economic man" is the characterization of man in some economic theories as a rational person who pursues ... Read Answer >>
  6. How did Warren Buffett get started in business?

    Warren Buffett may have been born with business in his blood. He started saving while other children were at the playground, ... Read Answer >>
Hot Definitions
  1. Poison Pill

    A strategy used by corporations to discourage hostile takeovers. With a poison pill, the target company attempts to make ...
  2. Glass-Steagall Act

    An act the U.S. Congress passed in 1933 as the Banking Act, which prohibited commercial banks from participating in the investment ...
  3. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  4. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  5. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  6. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
Trading Center