Professor Richard Caves passed away on November 22, 2019. Professor Caves' primary fields of interest were competition policy and regulation, international competition and multi-national enterprise, economics and the arts. Recent research topics included turnover of business units in national and international markets, competition within industries to install "sunk" investments, economic organization of "creative" activities.
George F. Baker Professor of Economics In Memoriam
Martin Feldstein, George F. Baker Professor of Economics, passed away on Tuesday, June 11. He was a faculty member in the Department of Economics for 52 years, 1967 to 2019. Marty's teaching and research focused on issues of taxation, social insurance and fiscal policy. He also wrote widely on other aspects of U.S. and foreign economic policy and on the economics of national security. He published more than 300 research papers. He received the Clark medal of the American Economic Association and later served as President of the Association. He served as Chairman of the Council of Economic Advisers for President Ronald Reagan. He was president and CEO of the National Bureau of Economic Research from 1977 to 2008. He taught the introductory economics course for 18 years and continues to teach graduate and undergraduate courses.
Martin L. Weitzman was a Research Professor of Economics at Harvard University until his untimely passing on August 27, 2019. Previously he was on the faculties of MIT and Yale. He has been elected as a fellow of the Econometric Society and the American Academy of Arts and Sciences. He has published widely in many leading economic journals and written three books. Weitzman's interests in economics are broad and he has served as consultant for several well-known organizations. His current research is focused on environmental economics, including climate change, the economics of catastrophes, cost-benefit analysis, long-run discounting, green accounting, biodiversity, and comparison of alternative instruments for controlling pollution.... Read more about Martin Weitzman