Nancy Stokey is the Frederick Henry Prince Distinguished Service Professor of Economics at the University of Chicago. She earned her BA in economics from the University of Pennsylvania in 1972 and her PhD from Harvard University in 1978, her thesis advisor being Nobel Prize in Economics laureate Kenneth Arrow.
Professor Stokey has published significant research in the areas of economic growth and development, as well as papers on economic history ("A Quantitative Model of the British Industrial Revolution: 1780-1850," 2001) and econometrics ("Dynamic Programming with Homogeneous Functions," 1998, co-authored with Fernando Alvarez).
She is the co-developer, with Paul Milgrom, of the no-trade theorem, a counter-intuitive development of the premises of financial economics. She co-authored with Robert Lucas, Jr. and Edward Prescott a book on Recursive Methods in Economic Dynamics that is widely used by research economists and graduate students.
Professor Stokey is a member of the National Academy of Sciences and was a vice-president of the American Economic Association between 1996-1997.
She has held editorial positions with top journals as Econometrica, The Journal of Economic Growth, Games and Economic Behavior and The Journal of Economic Theory.
Professor Stokey was a member of the Expert Panel for Copenhagen Consensus 2004 and Copenhagen Consensus 2008.
The Copenhagen Consensus Center has commissioned research papers from specialist climate economists, outlining the costs and benefits of each way to respond to global warming.
To help promote discussion about the best response to global warming, the Copenhagen Consensus Center has assembled an Expert Panel of stellar economists to consider the research presented here.
The five world-class economists – including three recipients of the Nobel Prize – are specialists in analyzing costs and benefits. They will meet in September to consider the research presented here, engage with the authors, and will then form conclusions about which solutions to climate change are the most promising.
