Truman Medal for Economic Policy

Truman Medal For Economic Policy

To take any and all measures necessary for a healthy economy.

Harry S. Truman

The 2017 Truman Medal for Economic Policy was awarded to economist Dr. Robert J. Shiller in recognition of his work analyzing U.S. residential real estate prices and as a developer of financial and behavioral economic policy and practice.

The Truman Medal for Economic Policy provides a forum to recognize exceptional economic policy contributions. The award’s name reflects the role President Harry S. Truman played in the creation of the Council of Economic Advisers.

2017 honoree Dr. Shiller is the Sterling Professor of Economics at Yale University and a fellow at the Yale School of Management’s International Center for Finance. He was awarded the Nobel Prize in Economic Science in 2013 along with Eugene Fama and Lars Hansen for their empirical analysis of asset prices. Dr. Shiller is one of the creators of the Case-Shiller indices, a standard for measuring the U.S. residential real estate prices.

Dr. Shiller has written or co-authored on a range of subjects, including financial markets, macroeconomics, real estate, statistical methods and more.

The Truman Medal for Economic Policy was created in 2005 to recognize extraordinary achievement in the formation and conduct of economic policy. The Medal is given biennially at an awards ceremony in Kansas City, Missouri. The Truman Medal for Economic Policy reflects on the creation of the Council of Economic Advisers (CEA) under President Harry S. Truman. The CEA was established by the Employment Act of 1946, which President Truman signed on February 20, 1946. The act committed the government, as Truman described it, “to take any and all measures necessary for a healthy economy.”

Truman Medal Recipients

2005      Alan Greenspan
2007      George P. Shultz
2009      Paul A. Volcker
2011      Allan H. Meltzer
2013      Alice M. Rivlin
2015      John B. Taylor
2017      Robert J. Shiller

Truman Medal Organizing Partners

Truman Library Institute
Economic Club of Kansas City
Henry W. Bloch School of Management
Missouri Council on Economic Education

2017 Platinum Sponsors

Americo Financial Life and Annuity Company
The Economic Club of Kansas City

2017 Gold Sponsor

Commerce Bank

2017 Silver Sponsors

Country Club Bank
J.E. Dunn Construction Company