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New appointment
Tim Besley receives the inaugural Sir William Arthur Lewis Professorship in Development Economics

Professor Tim Besley is to become the inaugural Sir William Arthur Lewis Professor of Development Economics at the London School of Economics and Political Science (LSE).

The William Arthur Lewis Chair, created by LSE to mark the centenary of the Nobel Prize winner’s birth, was formally announced at LSE’s Sir Arthur Lewis Centenary Event on "Understanding Economic Development"  on Monday 22 June.

Professor Stuart Corbridge, Deputy Director and Provost of LSE, said: “LSE is proud today to be honouring two pioneering economists, one born 100 years ago this year, the other still providing expertise to policymakers today. William Arthur Lewis was a leader in the field of development economics and LSE is delighted to honour him with the creation of the named professorship. With his expertise in the same field, and long history with the School, Professor Timothy Besley is the perfect recipient of this inaugural professorship.”

Professor Tim Besley said: “I am delighted to be named as the first Sir William Arthur Lewis Professor of Development Economics. I shall do my best to carry forward his legacy at the school by engaging with the issues brought to the fore in his pioneering research on economic development.”

Professor Tim Besley has been at the LSE for 20 years and a School Professor of Economics and Political Science since 2012. An external member of the Bank of England Monetary Policy Committee from September 2006 to August 2009, he is a Fellow of the Econometric Society, the British Academy, and the European Economic Association, as well as a foreign honorary member of the American Economic Association and of the American Academy of Arts and Sciences. Professor Besley was also named 2005 winner of the Yrjö Jahnsson Award of the European Economics Association, which is granted every other year to an economist aged under 45 who has made a significant contribution to economics in Europe.

Sir Arthur Lewis (1915-1991) was awarded the Nobel Prize for Economics in 1979 for “pioneering research into economic development research with particular consideration of the problems of developing countries. A student at LSE from 1934-37 and a member of staff from 1938-48, making him the UK’s first black professor, he also served in the Civil Service during the war, first as a Principal in the Board of Trade and then in the Colonial Office. Read more about the Nobel Prize winner, “one of our best teachers”, at LSE History


News Posted: 23 June 2015      [Back to the Top]

New appointment
Nicholas Stern elected Member of the American Philosophical Society

Nicholas Stern has been elected a Member of the American Philosophical Society (APS) in April 2015. His membership has been announced at the same time as Thomas Piketty's, the only other international academic to recieve the honour in he Social Sciences category. 

The APS promotes useful knowledge in the sciences and humanities through excellence in scholarly research, professional meetings, support of young scholars, publications, library resources, a museum and community outreach.


News Posted: 30 April 2015      [Back to the Top]

British Institute of Energy Economics Award
Professor Lord Nicholas Stern awarded the BIEE 10 Year Prize for Outstanding Contribution to British Energy Economics

The British Institute of Energy Economics has awarded a prize for outstanding contribution to British Energy Economics over the last ten years, marking both its thirtieth anniversary and its tenth academic conference, both happening in 2014.

A Prize Committee of energy economists, chaired by Professor Yelena Kalyuzhnova, received nominations in May. The committee was unanimous in recommending that Professor Lord Stern of Brentford should receive the prize. His 2006 Review of the Economics of Climate Change has been the most influential single piece of energy economics published over the last decade, and had important implications for government policy and company strategies. The report is also firmly grounded in the academic literature and has provoked further research into the questions it addresses. Since the publication of his report, Lord Stern has been a very active advocate of the necessity to take action on climate change.

Receiving the award Lord Stern, who is Chair of the Grantham Research Institute on Climate Change and the Environment at LSE, said “It’s a tremendous honour to be given this award by the British Institute of Energy Economics. The Institute has played a leading role in public discussion of issues around energy and the economics of energy for a very long time. Indeed I think it has defined in many ways what a serious discussion on those issues should be”.

For further information and for a video of the acceptance speech of Professor Lord Nicholas Stern please visit the British Institute of Energy Economics website.


News Posted: 23 September 2014      [Back to the Top]

The Economics Times
India has more than its fair share of super-rich and it isn't a good thing

Professor Maitreesh Ghatak, EOPP director, and Professor Debraj Ray from NYU published their analysis on the question of wealth in India. The country, poorer than the world average, has %3 of the world's multimillionaires and %17 of the world's population. The authors try to answer the "real question" of "whether the country has more than its expected share of multimillionaries" by looking at data on wealth distribution in the world. To read this article click here.




News Posted: 04 September 2014      [Back to the Top]