Daniel McFadden, Clark Medalist 1975

Citation on the Occasion of the Presentation of the Medal

Daniel McFadden has been one of the most complete economists of his generation. He works in several different styles. He has written theoretical essays, worked on the development of new econometric tools, and undertaken large scale empirical inquiries. His investigations have ranged across production relations, decision making under uncertainty, development planning, welfare economics, and most recently urban transportation. There has been a certain uniform spirit behind all of his work-that the task of economists is to explain real economic phenomena. His work in pure and econometric theory has been conditioned by his appreciation of empirical reality. We honor him both for his seriousness about subject matter, and for the care and rigor which characterize all of his work.