Avinash Dixit

Last updated

Avinash Dixit
Avinash Dixit.JPG
Born (1944-08-06) 6 August 1944 (age 79)
NationalityAmerican
Academic career
Institution Princeton University
Lingnan University (Hong Kong)
Nuffield College, Oxford
University of Warwick
Field Economics
Alma mater St. Xavier's College, Mumbai (B.Sc.)
University of Mumbai
University of Cambridge (B.A.)
MIT (Ph.D.)
Doctoral
advisor
Robert Solow [1]
Doctoral
students
Vijay Kelkar
Robert Helsley
Dani Rodrik [2]
Awards Padma Vibhushan
John von Neumann Award (2001)
Information at IDEAS / RePEc

Avinash Kamalakar Dixit (born 6 August 1944) is an Indian-American economist. [3] He is the John J. F. Sherrerd '52 University Professor of Economics Emeritus at Princeton University, [4] and has been Distinguished Adjunct Professor of Economics at Lingnan University (Hong Kong), senior research fellow at Nuffield College, Oxford and Sanjaya Lall Senior Visiting Research Fellow at Green Templeton College, Oxford.He was the brilliant economist

Contents

Education

Dixit received a B.Sc. from University of Mumbai (St. Xavier's College) in 1963 in Mathematics and Physics, a B.A. from Cambridge University in 1965 in Mathematics (Corpus Christi College, First Class), and a Ph.D. in 1968 from the Massachusetts Institute of Technology in Economics. [5] [6]

Career

The President, Shri Pranab Mukherjee presenting the Padma Vibhushan Award to Shri Avinash Kamalakar Dixit, at a Civil Investiture Ceremony, at Rashtrapati Bhavan, in New Delhi on March 28, 2016 The President, Shri Pranab Mukherjee presenting the Padma Vibhushan Award to Shri Avinash Kamalakar Dixit, at a Civil Investiture Ceremony, at Rashtrapati Bhavan, in New Delhi on March 28, 2016.jpg
The President, Shri Pranab Mukherjee presenting the Padma Vibhushan Award to Shri Avinash Kamalakar Dixit, at a Civil Investiture Ceremony, at Rashtrapati Bhavan, in New Delhi on March 28, 2016

Dixit is the John J. F. Sherrerd '52 University Professor of Economics at Princeton University since July 1989, and Emeritus since 2010. He was also Distinguished Adjunct Professor of Economics at Lingnan University (Hong Kong), senior research fellow at Nuffield College, Oxford and Sanjaya Lall senior visiting research fellow at Green Templeton College, Oxford. He previously taught at Massachusetts Institute of Technology, at the University of California, Berkeley, at Balliol College, Oxford and at the University of Warwick. In 1994 Dixit received the first-ever CES Fellow Award from the Center for Economic Studies at the University of Munich in Germany. In January 2016, India conferred the Padma Vibhushan - the second highest of India's civilian honors to Dr. Dixit.

Dixit has also held visiting scholar positions at the International Monetary Fund and the Russell Sage Foundation. He was President of the Econometric Society in 2001, and was Vice-President (2002) and President (2008) of the American Economic Association. He was elected to the American Academy of Arts and Sciences in 1992, the National Academy of Sciences in 2005, and the American Philosophical Society in 2010. [7] He has also been on the Social Sciences jury for the Infosys Prize from 2011. [8]

With Robert Pindyck he is author of "Investment Under Uncertainty" (Princeton University Press, 1994; ISBN   0691034109), the first textbook exclusively about the real options approach to investments, and described as "a born-classic" [9] in view of its importance to the theory.

Selected publications

Related Research Articles

<span class="mw-page-title-main">Jagdish Bhagwati</span> Indian-born naturalized American economist

Jagdish Natwarlal Bhagwati is an Indian-born naturalized American economist and one of the most influential trade theorists of his generation. He is a University Professor of economics and law at Columbia University and a Senior Fellow in International Economics at the Council on Foreign Relations. He has made significant contributions to international trade theory and economic development.

<span class="mw-page-title-main">Alan Blinder</span> American economist (born 1945)

Alan Stuart Blinder is an American economics professor at Princeton University and is listed among the most influential economists in the world according to IDEAS/RePEc. He is a leading macro-economist, politically liberal, and a champion of Keynesian economics and policies.

<span class="mw-page-title-main">Dani Rodrik</span> Turkish economist

Dani Rodrik is a Turkish economist and Ford Foundation Professor of International Political Economy at the John F. Kennedy School of Government at Harvard University. He was formerly the Albert O. Hirschman Professor of the Social Sciences at the Institute for Advanced Study in Princeton, New Jersey. He has published widely in the areas of international economics, economic development, and political economy. The question of what constitutes good economic policy and why some governments are more successful than others at adopting it is at the center of his research. His works include Economics Rules: The Rights and Wrongs of the Dismal Science and The Globalization Paradox: Democracy and the Future of the World Economy. He is also joint editor-in-chief of the academic journal Global Policy.

William Moore "Terence" Gorman was an Irish economist and academic. He was predominantly a theorist and is most famous for his work on aggregation and separability of goods, and in this context he developed his famous Gorman polar form. Gorman's career saw him teach at University of Birmingham, Oxford, and the London School of Economics. He was honoured with the Presidency of the Econometric Society in 1972. His work was often highly technical and theoretical in nature, which made him incomprehensible to many of his contemporaries, but his keen eye for applications has given his work a lasting influence on modern economics.

John Broome is a British philosopher and economist. He is emeritus White's Professor of Moral Philosophy at the University of Oxford and emeritus Fellow of Corpus Christi College, Oxford.

Barry J. Nalebuff is an American businessman, business theorist, and writer. He is a Milton Steinbach Professor of Management at Yale School of Management and author who specializes in business strategy and game theory. His published books include Thinking Strategically and The Art of Strategy. Nalebuff's class on negotiation has over 67,000 active learners through Coursera and has the second-highest net promoter score on the platform. He has a semi-regular column in Forbes with Ian Ayres called "Why Not?"

<span class="mw-page-title-main">Kaushik Basu</span> Indian economist and academic (born 1952)

Kaushik Basu is an Indian economist who was Chief Economist of the World Bank from 2012 to 2016 and Chief Economic Adviser to the Government of India from 2009 to 2012. He is the C. Marks Professor of International Studies and Professor of Economics at Cornell University, and academic advisory board member of upcoming Plaksha University. He began a three-year term as President of the International Economic Association in June 2017. From 2009 to 2012, during the United Progressive Alliance's second term, Basu served as the Chief Economic Adviser to the Government of India. Basu is winner of the Humboldt Research Award 2021.

<span class="mw-page-title-main">Robert Tollison</span> American economist

Robert D. Tollison was an American economist who specialized in public choice theory.

A strategic move in game theory is an action taken by a player outside the defined actions of the game in order to gain a strategic advantage and increase one's payoff. Strategic moves can either be unconditional moves or response rules. The key characteristics of a strategic move are that it involves a commitment from the player, meaning the player can only restrict their own choices and that the commitment has to be credible, meaning that once employed it must be in the interest of the player to follow through with the move. Credible moves should also be observable to the other players.

Recursive economics is a branch of modern economics based on a paradigm of individuals making a series of two-period optimization decisions over time.

<span class="mw-page-title-main">Pranab Bardhan</span> Indian economist

Pranab Bardhan is an Indian economist who has taught and worked in the United States since 1979. He is Professor Emeritus of Economics at the University of California, Berkeley.

Sanjaya Lall was a development economist and Professor of Economics at the University of Oxford. Lall's research interests included the impact of foreign direct investment in developing countries, the economics of multi-national corporations, and the development of technological capability and industrial competitiveness in developing countries. One of the world's pre-eminent development economists, Lall was also one of the founding editors of the journal Oxford Development Studies and a senior economist at the World Bank.

<span class="mw-page-title-main">Robert Wade (scholar)</span> New Zealand development scholar (born 1944)

Robert Hunter Wade is a political economist and development scholar. He has been Professor of Global Political Economy at the Department of International Development, London School of Economics since 1999.

Kevin Douglas Hoover is Professor of Economics and Philosophy at Duke University. He has previously held positions at the Federal Reserve Bank of San Francisco, University of Oxford, and the University of California, Davis, where he served eight years as chair of the Economics Department. Hoover is most noted for his work in the philosophy and methodology of economics with issues surrounding the modelling of causation. He has been the president of the History of Economics Society and chaired the International Network for Economic Method. He is the editor of the journal History of Political Economy and was (1996-2005) the editor of the Journal of Economic Methodology.

Robert Stephen Pindyck is an American economist, Bank of Tokyo-Mitsubishi Professor of Economics and Finance at Sloan School of Management at Massachusetts Institute of Technology. He is also a research associate with the National Bureau of Economic Research and a Fellow of the Econometric Society. He has also been a Visiting Professor at Tel-Aviv University, Harvard University, and Columbia University.

<i>Thinking Strategically</i>

Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life is a non-fiction book by Indian-American economist Avinash Dixit and Barry Nalebuff, a professor of economics and management at Yale School of Management. The text was initially published by W. W. Norton & Company on February 1, 1991.

Christopher John Emile Bliss, FBA is a British economist who was the Nuffield Professor of International Economics at the University of Oxford between 1992 and 2007.

Vincent P. Crawford is an American economist. He is a senior research fellow at the University of Oxford, following his tenure as Drummond Professor of Political Economy from 2010 to 2020. He is also research professor at the University of California, San Diego.

References

  1. Development planning in a dual economy.
  2. "Dani Rodrik on Premature Deindustrialization and Why the World is Second Best, at Best (Ep. 4 - Live at Mason) (A Conversation with Dani Rodrik)". Medium.com. 1 October 2015. Retrieved 21 December 2018.
  3. Jeremy Clift (December 2010). "Fun & Games". Finance & Development. People in Economics. 47 (4).
  4. "Avinash K. Dixit, Home Page". Department of Economics, Princeton University. Retrieved 19 August 2013.
  5. "Avinash Kamalakar Dixit | Dean of the Faculty". dof.princeton.edu. Archived from the original on 23 October 2020. Retrieved 21 October 2020.
  6. "Avinash Dixit | John J. F. Sherrerd '52 University Professor of Economics Emeritus, Princeton University". blogs.worldbank.org. 3 February 2015. Retrieved 21 October 2020.
  7. "APS Member History". search.amphilsoc.org. Retrieved 14 April 2021.
  8. "Infosys Prize - Jury 2020". www.infosys-science-foundation.com. Retrieved 9 December 2020.
  9. Real Options Selected Bibliography: the Dixit & Pindyck Book, accessed 14 June 2023 [ better source needed ]
Academic offices
Preceded by President of the American Economic Association
2008– 2009
Succeeded by