Nancy Stokey

Nancy Laura Stokey ( born 1950 ) is an American economist and university lecturer.

Career, teaching and research

Stokey studied at the University of Pennsylvania, which she left in 1972 with the degree of Bachelor of Arts in Economics. She then moved as a Ph.D. student at Harvard University. In 1978 she obtained the title of Doctor in her father Kenneth Arrow.

As an Assistant Professor Stokey went public in 1978 at Northwestern University. In 1982 she was promoted to associate professor before she was appointed a year later full professor. In 1987 she became head of the university 's Kellogg School of Management and took over a year later, parallel to Harold L. Stuart Chair. In 1990 she accepted a position at the University of Chicago. In 1997 she took over the Frederick Henry Prince - chair, which she held until 2004. Then it was Distinguished Service Professor.

The emphasis in Stokeys work is on economic growth and development, particularly in the field of econometrics. Together with Paul Milgrom she developed in the early 1980s, the foundations of the so-called no -trade theorem. This means that if there are in a market full information and only information -related trading motives, no trade takes place, since no one enters into offsetting items.

Stokey is a member of the National Academy of Sciences and was the 1996/97 Vice- President of the American Economic Association. She was involved in the basic work of the Copenhagen Consensus and belonged in both 2004 and 2008 for expert advice. In 2005 she received an honorary doctorate from Northwestern University. 2003 to 2007 she was one of the editors of the Journal of Political Economy, previously it was between 1996 and 2000 Co - editor of the journal Econometrica of the Econometric Society.