An Overview of the Top Awards and Honors for Economists

An Overview of the Top Awards and Honors for Economists Not surprisingly, the most prestigious award that a living economist can get is the Nobel Prize in Economics, awarded by the Royal Swedish Academy of Sciences. The Nobel Prize is, in a lot of ways, a lifetime achievement award, despite the fact that its often awarded to economists well before they retire. Since 2001, the prize itself has been 10 million Swedish kronor, which is equivalent to between $1 million and $2 million, depending on the exchange rate. The Nobel Prize can be split among multiple individuals, and prizes in economics have been shared by up to three people in a given year. (When a prize is shared, it is generally the case that the winners fields of study share a common theme.) Winners of the Nobel Prize are called Nobel Laureates, since in ancient Greece laurel wreaths were used as a sign of victory and honor. Technically speaking, the Nobel Prize in Economics is not a true Nobel Prize. The Nobel Prizes were established in 1895 by Alfred Nobel (upon his death) in the categories of physics, chemistry, literature, medicine and peace. The economics prize is actually named the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel and was established and endowed by Sveriges Riksbank, Swedens central bank, in 1968 on the banks 300th anniversary. This distinction is mostly irrelevant from a practical perspective, since the prize amounts and the nomination and selection processes are the same for the Economics prize as for the original Nobel Prizes. The first Nobel Prize in Economics was awarded in 1969 to the Dutch and Norwegian economists Jan Tinbergen and Ragnar Frisch. Many economists have been awarded since then. Only one woman, Elinor Ostrom in 2009, has won a Nobel Prize in Economics. The most prestigious prize awarded specifically to an American economist (or a least an economist working in the United States at the time) is the John Bates Clark Medal. The John Bates Clark Medal is awarded by the American Economic Association to whom it considers to be the most accomplished and/or promising economist under the age of forty. The first John Bates Clark Medal was awarded in 1947 to Paul Samuelson, and, whereas the medal used to be awarded every other year, it has been awarded in April of every year since 2009. Because of the age restriction and the prestigious nature of the award, its only natural that many economists who win the John Bates Clark Medal later go on to win the Nobel Prize in Economics. In fact, about 40 percent of John Bates Clark Medal winners have gone on to win the Nobel Prize, despite the fact that the first Nobel Prize in Economics wasnt awarded until 1969. (Paul Samuelson, the first John Bates Clark Medal recipient, won just the second Nobel Prize in Economics, awarded in 1970.) One other award that carries a lot of weight in the economics world is the MacArthur Fellowship, better known as a genius grant. This award is granted by the John D. and Catherine T. MacArthur Foundation, which announces generally between 20 and 30 recipients each year. 850 winners have been chosen between June 1981 and September 2011, and each winner receives a no-strings-attached fellowship of $500,000, paid out quarterly over a five-year period. The MacArthur Fellowship is unique in a number of ways. First, the nominating committee seeks out people in a wide variety of fields rather than focusing on a particular area of study or expertise. Second, the fellowship is awarded to individuals who exhibit a capacity to do creative and meaningful work and is thus an investment in future results rather than simply a reward for past achievement. Third, the nominating process is very secretive and winners are unaware that they are even under consideration until they receive a phone call telling them that theyve won. According to the foundation, over a dozen economists (or economics-related social scientists) have won MacArthur Fellowships, beginning with Michael Woodford in the inaugural year. Interestingly, six MacArthur Fellows (as of 2015) - Esther Duflo, Kevin Murphy, Matthew Rabin, Emmanuel Saez, Raj Chetty, and Roland Fryer- have also won the John Bates Clark Medal. Despite there being significant overlap among the recipients of these three awards, no economist has achieved the triple crown of economics yet.

Free Essays on Kennewick Man

Kennewick Man Who owns America’s history? On the morning of July 28, 1996, two men enjoying the annual hydroplane races held on the Columbian River in Washington State unearthed a skull and a nearly complete skeleton 10 feet off the rivers shore line. (1) The anthropologist, DR James Chatters who first studied the remains has dubbed the skeleton â€Å"Kennewick Man†. The Native Americans refer to him as â€Å"The Ancient One†. The remains are that of a man who lived between 9,200-9,600 years ago. (2) This amazing discovery is now at the center of a national controversy over the interpretation of the Native American Graves Protection and Reparation Act, also known as NAGRPA. NAGPRA applies when human remains and funerary objects are recovered from federal or Indian land. It states that ownership or control of Native American human remains or objects shall be given to lineal descendents of the Native American or Indian tribe on whose land such objects or remains were discovered or Indian tribe which has the closest cultural affiliation and states a claim for such remains or objects to the study of the remains. (3) A coalition of five Native American tribes claim Kennewick Man as an ancestor and have requested that his bones be returned for proper burial under NAGRPA. (4) In response to this claim several prominent scientists have sued for the right to study the bones. They argue that the skeleton is too old to be affiliated to any one people and that â€Å"Repatriation will deprive scholars of any opportunity or right to study this treasure†, â€Å"Study of the skeleton would be of a major benefit to the United States†(5) Vice chairman Jerry Menick, of the tribal council of the Yakama Indian Nation responded by stating, â€Å"Let the anthropologists study their own bones†. (6). This set in motion what has become a showdown between the quest for scientific knowledge and respect for the religious beliefs of the M... Free Essays on Kennewick Man Free Essays on Kennewick Man Kennewick Man Who owns America’s history? On the morning of July 28, 1996, two men enjoying the annual hydroplane races held on the Columbian River in Washington State unearthed a skull and a nearly complete skeleton 10 feet off the rivers shore line. (1) The anthropologist, DR James Chatters who first studied the remains has dubbed the skeleton â€Å"Kennewick Man†. The Native Americans refer to him as â€Å"The Ancient One†. The remains are that of a man who lived between 9,200-9,600 years ago. (2) This amazing discovery is now at the center of a national controversy over the interpretation of the Native American Graves Protection and Reparation Act, also known as NAGRPA. NAGPRA applies when human remains and funerary objects are recovered from federal or Indian land. It states that ownership or control of Native American human remains or objects shall be given to lineal descendents of the Native American or Indian tribe on whose land such objects or remains were discovered or Indian tribe which has the closest cultural affiliation and states a claim for such remains or objects to the study of the remains. (3) A coalition of five Native American tribes claim Kennewick Man as an ancestor and have requested that his bones be returned for proper burial under NAGRPA. (4) In response to this claim several prominent scientists have sued for the right to study the bones. They argue that the skeleton is too old to be affiliated to any one people and that â€Å"Repatriation will deprive scholars of any opportunity or right to study this treasure†, â€Å"Study of the skeleton would be of a major benefit to the United States†(5) Vice chairman Jerry Menick, of the tribal council of the Yakama Indian Nation responded by stating, â€Å"Let the anthropologists study their own bones†. (6). This set in motion what has become a showdown between the quest for scientific knowledge and respect for the religious beliefs of the M...

QS-9000 Research Paper Example | Topics and Well Written Essays - 2500 words

QS-9000 - Research Paper Example The current trends in the supply chain management have shifted from the traditional enterprise boundaries to incorporate different companies in the supply network. Indeed, the three biggest automotive makers in the world, the General Motors, the Chrysler and the Ford came together to develop a supply network that would ensure customer satisfaction and process control in the automobile industry referred to as the QS-9000. This paper looks at the provisions of the QS-9000 and the benefits of automobile suppliers adopting the standards. In order to answer find out this, this paper will look at the history and the development of the QS 9000. It will look at the steps required for an organization to be certified as QS 9000 compliant. The various requirements of the organizations under QS 9000 will be discussed in detail while finally the paper will look at the benefits of organizations that are compliant with the standards. According to Hoyle (1996), quality system requirements 9000 (QS 9 000) refers to an international quality management system standards for the automotive industry. They were originally developed by and meant for the â€Å"Big Three† automobile giant companies in the American motor world which are  Daimler Chrysler Corporation, Ford Motor Company, and General Motors Corporation. The QS 9000 was in line with the 1994 ISO-9001 Standards whixch embraced customer satisfaction and process control. According to the QS 9000, all suppliers in the automotive world are required to be quality sensitive and adhere to high quality production materials, quality production of motor spare parts, heat treatment and professionalism, in plating and painting of the automobiles (Chrysler Corporation, et al., 2009). The QS 9000 is divided into three sections that include all the twenty ISO 9001 elements, including a number of automotive requirements. Secondly, the systems requirements, which are defined by the â€Å"Big Three† automobile companies, meant for their own use referred to as â€Å"Additional requirements† and lastly, the customer specific requirements r-that which are unique to every individual manufacturer of cars or trucks (Kanholm, 1995). Kanholm, (1995) outlines a number of activities that are carried out by the QS 9000 include Quality Systems Assessment which is involved in making sure that products are safe and efficiently serves the purpose for which they were intended. Advanced Product Quality Planning and Control Plan is referred to as a framework that involves procedures and techniques that are used to develop goods and products in a particular industry, especially in the automotive industry. It is the process for development of system products for General Motors, Chrysler and Ford and including their suppliers (Kanholm, 1995). Production Part Approval Process is used for establishing confidence in component suppliers and the process they follow in production by making sure that the supplier properly und erstands all specification requirements and customer design records. It ensures that the process possesses the capability to make production that meets the requirements by the customers (Borror, 2009). Potential Failure Mode and Effects Analysis on its part involve reviewing any possible components, assemblies and subsystems to identify failure modes, their causes and effects. Measurement Systems

Emergency Operations Plan in an Emergency Situation in the Campus Essay

Emergency Operations Plan in an Emergency Situation in the Campus - Essay Example Therefore, there requires an emergency plan that will respond to all the necessary issues that arise at the time of an emergency situation. Weber State University has developed a similar plan to address emergency situations effectively. The Emergency Operations Plan (EOP) aims to address the potential hazards that can give rise to an emergency situation in the campus and to provide a comprehensive implementation plan to cater to these issues. The EOPs scope is wide as it covers the natural disasters, technological hazards and extraordinary situations like criminal events. Therefore, earthquake, mudslide, flood, tornado, weather extremes and fire breakout in the wildland are all possible emergency situations in which EOP will be effective. Likewise, transportation accidents, utility failure, incidents with hazardous materials or chemicals and structural fire are covered under EOP as technological hazards. Similarly, civil disturbances, sabotage between student and staff member, bomb threat and criminal or violent behavior are covered under the extraordinary emergency situations. The Weber State University EOPs will cover the potential emergency situations, provide an effective plan for implementation, develop institutional responsibilities and highlight the mechanism for monitoring and control in emergency situations. The EOPs will be adhered by all the employees and the students of the University, alike. In order to activate the EOPs, the University has assumed several situations and circumstances that will make it easier for all the stakeholders to effectively implement and execute the plan in their best interests.  

Response Mc Graw-Hill Essay Example for Free

Response Mc Graw-Hill Essay With respect to the topic about the role of perception in a conflict, I am going to relate this to my personal conflict with a neighbor in the community that I live. I experience this conflict when our neighbor reprimanded my brother in a humiliating twice in different times for the reason that the latter used to play his radio component in high volume. Considering the distance of our houses, my mother believed that there was really no disturbance that was created by my brother. However, the said neighbor is still angry with us and tried to spread the issue around the neighborhood. That made my family more angry against our neighbor and we even showed disgust with him. As such, there are two things that are important for the same, and these include communication behaviors and the perceptions of these behaviors ( Hocker and Wilmot, 2001, p. 26). In addition to that, the way a conflict is characterized metaphorically creates a certain perception of what can happen, what will happen, what should happen and with what kind of feeling actions might take place (17). For instance, my perception with the conflict that I was involved was that, the constant show of utter disrespect my neighbor has shown me by wearing an angry face everytime I am around means that he disliked my presence. It may happen that I will do the same to my neighbor as a counter-reaction or maybe I will create a bad impression on him in my mind. I can detect that there are so many factors affecting my perceptions. The fact that I am also a guy, I hated my neighbor so much and his family background and cultural display are another factors of the conflict. Actually, my neighbor is a foreigner, particularly a Chinese. We have different cultural orientations and perceptions. He hates noise around him and knowing my brother who loves listening to loud music, they would really end up enemies by conflicting needs and likes. I am really affected to this conflict because it is a matter that affects my whole family. Reference Hocker, J. and Wilmot, W. (2001). Interpersonal Conflict. USA: Mc Graw-Hill.

Percussion :: essays research papers

Drums are among the oldest musical instruments. The best known of percussion instruments, they are found throughout the world and in a great variety of shapes and sizes. A drum normally consists of a skin or other membrane, called a head, which is stretched over an enclosed space or over one or both ends of a hollow vessel. Exceptions include the African slit drum, made from a hollowed-out tree trunk, and the Caribbean steel drum, made from a metal barrel. Drums are usually played by the hands or by one or two sticks. In some non-Western cultures drums have a symbolic function and are often used in religious ceremonies. They are sometimes used in sending signals. The talking drums of Africa can imitate the inflections and pitch variations of a spoken language and are used for communicating over great distances. Many drums used in Western societies are of African, Arabic, or Turkish origin. The kettledrum was introduced into Europe during the Crusades. The European tabor, derived from an African instrument and sometimes called a tambour, was a small drum played with the right hand, while the left hand fingered a 3-hole flute. Across its center, the tabor often held a snare, which produced a strong vibration and sustained the sound between beats. The modern symphony orchestra employs a variety of drums. Kettledrums are the most common; the bass drum, tenor drum, and snare drum, or side drum, are also sometimes used, along with tambourines and bongo drums on occasion. Among these, only the kettledrums produce sounds of definite pitch, which is adjustable. The tenor drum is a large deep drum with two heads that is played with wooden sticks. The larger bass drum, also with two heads, stands upright on its side and is struck with felt-padded sticks. Bongo drums are small single-headed drums struck with the hands and usually played in sets of two or three.

Mix Racial and Cultural Groups Are Growing in the United States Essay

Mixed Racial and Cultural Groups is increased by a marginal number in the United States. The growth of these multiracial groups started to surface through migration of different ethnics and raised most of their families in the United States even through marriage. These are some of the issues that have been raised by individual people of having an entity separation of mixed race and cultural or to considered them as Americans without a hyphen. Thinking about this issue myself, and thinking of my two children who married to a different ethnic rather than Samoans. These questions come to mind about this issue: How, Why, and what the three words that needs a big explanation about this matter. According to multiracial Americans, Americans whose identity as two or more races identifies with just one group culturally and socially. From statistics that I got from online, stated that about 2. 9% of the population in the year 2010 are self-identified as multiracial. The identity or the classification of the people’s identification is generally according to the culture they were raised in. Social segregation in many areas of the country is forming interracial unions or cultural group. The diversity of social conditions through migrations brought new groups of people to the United States. Through these migrations, mixed races started to rise when interracial marriage were born and started to increase in the United States. The movement of multiracial identity by more than one ethnicity has taken place and strong. Statistics from the year 2010 census in the United States shows that the largest multiracial groups were white and black which is 1. 8 million. The other 1. 7 millions are white and some other race, white and Asian is 1. 6, white and American Indian and Alaskan Native is 1. 4 million. I have learned that the largest growing group in multiracial is white and black which is about 134%. That is more than 1 million people. MIX RACIAL AND CULTURAL GROUP According to Susan Saulny of the New York Times, title Race Remixed, said that â€Å"sea of change is how we think about race, ethnicity and its place in society†. I believe that a challenge to trend towards multiracial from a sociological perspective is a leap that we should take. The understanding of racial and ethnic categories of their boundaries can be a problem to other multiracial groups. I think that ancestry is the biggest influence in identities through a number of generations through migrations. I also believe that each multi mix or racial group should be treated the same regardless of their identity. If they are legally citizens of the United States, they have the right to be treated equally. I believe that they have contributed to the wellbeing and welfare of the United States through their services in employment within the government, military or private companies. Regardless of the race and ethnicity, they should be treated and considered Americans. President Obama is good example of what I mean about treating them the same no matter what color of their skin or where they are from. I know that some of these mix race entities are trying to separate themselves with-in the United States but when they travel to other countries of the world, they considered be call Americans. As a citizen of New Zealand, I am proud to call myself to be an American and I respect the land that my children were born. What can the United States or these multiracial groups gain from wanting to be separated from their identity. Through my search online, I came across Mrs. Karissa Sulliva’s draft and she said that ancestry influences identities. She said that socialization is the crucible of racial and ethnic identity formation. Farley in 2002, construct racial and ethnic classifications which was adopted by the government for each race or reconsidered themselves to either refuse to identify their own race and ethnic category. MIX RACIAL AND CULTURAL GROUP. I believe that mix racial and cultural groups are increasing daily by the number throughout the United States. However, research shows that children with an original multiracial identity grow up to be happier than those of single-race identity. Some of the statistics shows that another addition to the growth of mix race is through adoption of children from countries outside of the United States. According to Fact’s for Families 2010, parents are coping with these pressures in having open communications with the families about their culture and race. Encouragement and support in every multicultural group for families to be familiar with their language, traditions and customs within their families. They have to support and try to establish a good relationship by creating a network for their children, parents, family member, relatives and the community. In conclusion, the separation and classifications between mix racial and multicultural groups is not an easy task or thing to do. Two of my children are married to different ethnic. My oldest daughter is married to an African American and my son is married to a girl who is beautiful and white but has about four or five mix blood in her. I believe in democracy and the United States is nowhere in having a separation of any mix race and cultural group who are living in the United States. God Bless America, God bless the people of the United States. References: Perez, Anthony Daniel, Hirschman, Charles. The Changing Racial and Ethnic. http://www. ncbi. nlm. nih. gov/pmc/articles/PMC2882688/ The American Academy of Child and Adolescent Psychiatry (March-2011). Facts for Families, no. 71 Multiracial Children. http://www. aacap. org/galleries/FactsForFamilies/71_multiracial_children. pdf Dr. Nicole Martinez and Mrs. Karissa Sullivan. May 6, 2013 .docx.