Institute for New Economic Thinking grantee James K. Galbraith will be awarded the 2014 Leontief Prize for Advancing the Frontiers of Economic Thought by the Global Development and Environment Institute (GDAE) at Tufts University for his contributions to the study of poverty, inequality, and well-being.
“For too long many economists have viewed rising inequality as an inevitable consequence of economic development,” GDAE Co-director Neva Goodwin said. “But recent economic upheavals call for a new approach to understanding the causes and consequences of inequality. James Galbraith has shown that inequality isn’t an outcome driven by factors outside of our control, but instead is often a direct result of the policy choices we make.”
The ceremony and lectures by the awardees will take place in the spring of 2014 on Tufts University’s Medford campus. Angus Deaton from Princeton University will be the award’s other recipient for 2014.
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