To take any and all measures necessary for a healthy economy.Harry S. Truman
The 2017 Truman Medal for Economic Policy will be 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.”
Join us for an award presentation followed by acceptance remarks by Dr. Shiller on Monday, Oct. 23, at the Plaza Branch of the Kansas City Public Library. Dr. Shiller will discuss the role of narrative in economic policy. There will be a reception at 6 p.m. followed by a program at 6:30. This event is free but RSVPs are requested.
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
Truman Medal Organizing Partners
Truman Library Institute
Economic Club of Kansas City
Henry W. Block School of Management
Missouri Council on Economic Education
The Economic Club of Kansas City
Country Club Bank