Joseph E. Stiglitz and George A. Akerlof Shared Nobel Prize in Economics with Michael Spence - 2001
Joseph Stiglitz has been affiliated with the NBER since 1978 and is a member of the Programs in Public Economics and Economic Fluctuations and Growth. George Akerlof was elected to the NBER's Board of Directors in 1996, representing the University of California, Berkeley. He had earlier been an NBER Research Associate.
NBER Research Associate Stiglitz of Columbia University, NBER Director George A. Akerlof of the University of California, Berkeley, and former NBER researcher Michael Spence of Stanford University won the 2001 Nobel Prize in Economics. All three were awarded the prize for their pioneering work on the shortcomings and imperfections of market systems, also known as the economics of information.