‘Baby Nobel’ or Won John Bates Clark Medal for Delhi-born US economist Raj Chetty
33 year old Delhi-born Raj Chetty, a professor in the Department of Economy at the Harvard University whose ground-breaking work was quoted by US President Barack Obama in his 2012’s State of the Union Address, has won the esteemed John Bates Clark medal, oftentimes keyed as the ‘Baby Nobel’.
- Chetty is the first person of Indian-origin to win this award.
Chetty is a outstandingly productive economist whose offerings incorporate substantiation using a diversity of methodological perspectives to throw new light on crucial public policy questions.
John Bates Clark medal “Baby Nobel”
- Awarded to an American economist under the age of 40 who is adjudged to have made a “significant contribution to economic thought and knowledge”.
Widely regarded as one of the field’s most prestigious awards, second only to the Nobel in economic science.
- Was awarded biennially from 1947-2009
- From 2010 onwards it has been awarded annually.
- Amongst the previous winners of this prestigious award include Paul Krugman, Paul Samuelson, Milton Friedman, Joseph Stiglitz – all Nobel laureates.
Why John Bates Clark Medal is also referred to as “Baby Nobel”?
- John Bates Clark Medal is called “Baby Nobel”, as every third winner one of this award has gone on to bag the Nobel award.