The University of Chicago Booth School of Business awarded Pittsburgher Joshua D. Angrist from the Massachusetts Institute of Technology (currently on sabbatical at Columbia University), and Jörn-Steffen (Steve) Pischke from the London School of Economics, for their book, “Mostly Harmless Econometrics: An Empiricist’s Companion,” published by Princeton University Press in 2009. Angrist and Pischke will share the $250,000 prize, which is awarded for Outstanding Contributions to Doctoral Education and recognizes authors of exceptional doctorate-level textbooks in economics and finance.
Angrist was educated at the Wightman School, Linden Elementary School and Pittsburgh Allderdice before leaving for college at Oberlin. He went to the Hebrew Institute and grew up in Congregation Dor Hadash where he had his bar mitzvah. His doctorate in economics is from Princeton University. Angrist served in the Israeli Defense Forces, spent 10 years on the faculty at Hebrew University in Jerusalem and is married to Mira, a sabra. He has published widely on many subjects, including charter schools, transportation, labor economics and natural experiments.
The Fama Prize, created to honor Nobel laureate Eugene F. Fama, is awarded every three years and is intended to encourage the development and diffusion of innovative approaches to doctoral education and the publication and wide distribution of exceptional educational materials. Fama is among the most cited American academics and has maintained an active teaching role at Booth.