Awards and Appointments
Image by Beth Rooney
Topel Is New Head of Stigler Center
Robert Topel, Isidore Brown and Gladys J. Brown Professor in Urban and Labor Economics, began a three-year term as director of the George J. Stigler Center for the Study of the Economy and the State on September 1.
Topel said, “George was my colleague, mentor and, most of all, my friend. He was a great economist. It is an honor to direct a center named for ‘Adam Smith’s best friend.’”
Topel’s research interests include industrial organization, health economics, labor markets, and compensation and organizations. He has published six books and more than 60 articles. Topel is a research associate with the National Bureau of Economic Research and a member of the ERN Labor Journals Advisory Board.
The Stigler Center, a university-wide center administered by the GSB, last year supported Topel’s work with Kevin Murphy, George J. Stigler Distinguished Service Professor of Economics, on the value of health and longevity.
Dean Edward Snyder said, “I am confident that Bob’s term will support and strengthen the work of the center throughout the university.”—P.H.
Fama Wins First Financial Economics Award
Morgan Stanley and the American Finance Association granted the inaugural Morgan Stanley–AFA Award for Excellence in Finance to Eugene Fama, MBA ’63, PhD ’64, Robert R. McCormick Distinguished Service Professor of Finance. Fama was chosen last fall “for a long career full of breakthroughs that have advanced our understanding of financial markets, and his early fundamental work on efficient markets,” according to AFA president and selection committee chair Richard Green.
The award comes with a $200,000 cash grant to an eligible institution to be used in support of research in the financial field of the recipient’s choosing. Fama selected Chicago Booth.
Highest Honor to Becker
President Bush awarded the 2007 Presidential Medal of Freedom to Gary Becker, University Professor of Economics and of Sociology, in November. Becker was one of eight people to receive the medal, the nation’s highest civilian honor. (See “The Human Capitalist.”)
Batts “Most Influential” in Corporate Governance
Adjunct professor of strategic management Warren Batts was included on Directorship magazine’s inaugural list of 100 individuals influencing corporate governance in America’s boardrooms. Batts was among directors, professors, regulators, politicians, and advisors whose actions have pushed corporate reform to the forefront of business.
As the former director and chairman of the National Association of Manufacturers, one of the largest business lobbying groups, Batts has the “ear of CEOs and directors at the largest companies,” the magazine said.
2007 Teaching Awards
Last spring, students recognized the teaching efforts of several faculty members.
In the Full-Time MBA Program, students gave the Emory Williams Teaching Award to James Schrager, clinical professor of entrepreneurship, for demonstrating excellence in the classroom, and the Phoenix Award to Tanya Menon, associate professor of behavioral science, for enriching student life through involvement in extracurricular and community activities.
The Hillel J. Einhorn Excellence in Teaching Awards recognize faculty who teach in the Executive MBA program. For the second year, Federico Bandi, associate professor of econometrics and statistics, and Lars Stole, Eli B. and Harriet B. Williams Professor of Economics, received the award for teaching in Europe and Asia, respectively. Kevin Rock, clinical professor f finance, received the award for teaching in North America.
The Faculty Excellence Award, given by students in the Evening MBA Program and Weekend MBA Program, was awarded to Haresh Sapra, associate professor of accounting.—P.H.