ON APRIL 24th the American Economic Association (AEA) announced that it would award this year's John Bates Clark Medal to Roland Fryer (pictured) of Harvard University. The professional body for academic economists gives out the prize each year to the "American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge". This year's prize was given to Mr Fryer, a 37-year-old, for his innovative work on economics, education and racial inequality. As the AEA notes on its website:
His innovative and creative research contributions have deepened our understanding of the sources, magnitude, and persistence of U.S. racial inequality. He has made substantial progress in evaluating the policies that work and do not work to improve the educational outcomes and economic opportunities of children from disadvantaged backgrounds. His theoretical and empirical work on the “acting white” hypothesis of peer effects provides new insights into the difficulties of...Continue reading
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