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University News
Contact: Barbara Rea - (314) 935-5297 barbara_rea@aismail.wustl.edu Douglass C. North receives Eliot Society's "Search" award [St. Louis, MO., 4-15-02] Douglass C. North, Nobel Laureate and Spencer T. Olin Professor in Arts & Sciences at Washington University, was awarded the William Greenleaf Eliot Society "Search" Award at the society's annual dinner held on April 9 at the Ritz-Carlton Hotel, Clayton. The award is presented each year to an outstanding citizen of the Washington University community. Eliot Society President Mary Ann Van Lokeren presented North with a silver replica of "The Search," a sculpture designed by Heikki Seppa, professor emeritus in the school of art, and now part of the university's permanent art collection. "It is an honor to bestow upon Douglass North this important symbol of being the best that Washington University has to offer. Among distinguished economists, he stands out as a pioneer in shaping modern-day theories that have an empirical impact on society," explained Chancellor Mark S. Wrighton. "His extraordinary contributions are enduring and have advanced our understanding of economics and the development of emerging countries." The publication of North's books and articles reflect his research emphases covering property rights, transaction costs, economic organization in history, a theory of the state, the free rider problem, ideology, growth of government, economic and social change, and a theory of institutional change. His first book was The Economic Growth of the United States from 1790 to 1860, followed by Institutional Change and American Economic Growth (with Lance Davis); The Rise of the Western World: A New Economic History (with Robert Thomas); Structure and Change in Economic History; and Institutions, Institutional Change and Economic Performance. After 32 years at the University of Washington - Seattle, North joined the Washington University faculty in 1983. He was initially appointed the Luce Professor of Law and Liberty, and also served as director of the Center in Political Economy for several years. Together with Robert W. Fogel, North received the Nobel Prize in economics in 1993 for "turning the theoretical and statistical tools of modern economics on the historical past: on subjects ranging from slavery and railroads to ocean shipping and property rights," according to David Warsh of the Boston Globe. In addition to the Nobel Prize, North's most distinguished honors include his election to the American Academy of Arts and Sciences in 1987 and his election as a fellow of the British Academy in 1996. The William Greenleaf Eliot Society, named after Washington University's co-founder, was founded in 1959. Its 3,800 members are alumni, parents and friends who provide unrestricted support to the university. Editor's note: Douglass North lives in Clayton, MO, 63015. Photo available upon request. |
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