A UNIVERSITY of Warwick graduate has been named as the recipient for the 2016 Nobel Prize in Economics.
Professor Oliver Hart, a graduate – and honorary graduate – of the university earned the prestigious accolade for his work on Contract Theory.
As the current Andrew E. Furer Professor of Economics at Harvard University his research focuses on the various contractual relationships which allow society to function – from employment contracts to credit contracts.
Professor Hart gained a BA in Mathematics at King’s College, Cambridge in 1969, an MA in Economics at Warwick in 1972, before studying for a PhD in Economics at Princeton University in 1974.
He then became a fellow of Churchill College, Cambridge and a Professor at the London School of Economics.
In 1984, he returned to the US, where he taught at the Massachusetts Institute of Technology and, since 1993, at Harvard University.
In 2012, Professor Hart received an Honorary Doctorate from the University of Warwick, and is an Honorary Professor in Warwick’s Department of Economics.
The Nobel Prize in Economics, is an annual award which recognises outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.