Nancy Stokey

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Nancy Laura Stokey (* 1950 ) is an American economist and university professor .

Career, research and teaching

Stokey studied at the University of Pennsylvania , which she left in 1972 with a Bachelor of Arts degree in economics. She then switched to a Ph.D. Student at Harvard University . In 1978 she obtained the title with her PhD supervisor Kenneth Arrow .

As an assistant professor , Stokey went to Northwestern University in 1978 . In 1982 she was promoted to associate professor before she was appointed full professor a year later. In 1987 she took over the management of the University of Kellogg School of Management and one year later took over the Harold L. Stuart Chair . In 1990 she accepted a call from the University of Chicago . In 1997 she took over the Frederick Henry Prince Chair there , which she held until 2004. She then became a Distinguished Service Professor .

The main focus of Stokey's work is on economic growth and development, particularly econometrics . Together with Paul Milgrom , she worked out the basics of the so-called no-trade theorem in the early 1980s . This means that if there is complete information and only information-based trading motives on a market, no trading takes place because no one takes opposing positions.

Stokey has been a member of the American Academy of Arts and Sciences since 1993 and of the National Academy of Sciences since 2004 and was Vice President of the American Economic Association in 1996/97 . She was involved in the basic work of the Copenhagen Consensus and was a member of the Expert Council in both 2004 and 2008. In 2005 she received an honorary doctorate from Northwestern University. From 2003 to 2007 she was one of the editors of the Journal of Political Economy , previously she was co-editor of the Econometrica magazine of the Econometric Society between 1996 and 2000 .

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