Marc Nerlove, Clark Medalist 1969
Citation on the Occasion of the Presentation of the Medal
The John Bates Clark medal of the American Economic Association is awarded biennially "to that American economist under the age of forty who is adjudged to have made a significant comtribution to economic thought and knowledge." For 1969 the medal is awarded to Marc Nerlove, whose life has been distinguished since childhood by the precocity of his achievements, including a baccalaureate with honors from the University of Chicago, at 18, a doctorate at 23 from Johns Hopkins, and professorships at Stanford, Yale, and now Chicago. In the highest traditions of economics as an empirical, quantitative, and cumulative science, his contributions have been creative and innovative both in method and in substance. His results are landmarks in the study of supply, demand, and production. His methods of estimating response lags and of analyzing time series have found general and fruitful application. With awe and gratitude for his record to date and with high expectations of his achievements when he grows up, I have great personal pleasure in presenting, on the Association's behalf, the Clark medal to Marc Nerlove.