#892 Overall Influence

Richard Thaler

American economist

About

Why is this person notable and influential?

Richard Thaler is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He earned a B.A. from Case Western Reserve University, and an M.A. and Ph.D. from the University of Rochester.

Thaler has taught economics for the University of Rochester, Stanford University, the SC Johnson College of Business at Cornell University and, since 1995, the University of Chicago’s Booth School of Business.

Thaler is an expert in behavioral economics and has published a number of books on the topic, including Quasi-rational Economics, Misbehaving: The Making of Behavioral Economics, and Nudge: Improving Decisions About Health, Wealth, and Happiness.

He is a proponent of libertarian paternalism, which suggests that humans shouldn’t be forced to do the right thing, but instead should be “nudged” in the right direction. This approach helps to steer people toward making better decisions without removing the right to choose.

In 2017, Thaler was awarded the Nobel Memorial Prize in Economics for his work on limited rationality, lack of self-control, and how innately human traits affect their ability to make reasonable decisions…eventually impacting market outcomes. In short, his premise was that economics are driven by humans, and thus, the psychology of human decision-making is important to consider in the study of economics.

Academic Website

Professional Website

Featured in Top Influential Economists Today

From Wikipedia

Richard H. Thaler is an American economist and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2015, Thaler was president of the American Economic Association.

Source: Wikipedia

Published Works

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Schools

What schools is this person affiliated with?

Case Western Reserve University

University in Ohio, United States

University of Rochester

Private, nonsectarian, research university in Rochester, New York, United States

University of Chicago

Private research university in Chicago, Illinois, United States

Massachusetts Institute of Technology

Research university in Cambridge, Massachusetts, United States

Cornell University

Private university in Ithaca

Santa Clara University

Private non-profit Jesuit university located in Santa Clara, California

Notable Works

What contributions to academia has this person made?

Influence Rankings by Discipline

How’s this person influential?
#51 World Rank
Economics
#4057 World Rank
Sociology
#5589 World Rank
Psychology
#5709 World Rank
Political Science
#6557 World Rank
Education
#8266 World Rank
Anthropology
#9918 World Rank
Philosophy
#11292 World Rank
Mathematics
#11831 World Rank
Computer Science
#19751 World Rank
History
#26926 World Rank
Law
#27386 World Rank
Business
#34476 World Rank
Communications
#37060 World Rank
Earth Sciences
#53357 World Rank
Literature
#61715 World Rank
Engineering
#75384 World Rank
Physics
#112098 World Rank
Biology
#141421 World Rank
Medical
#234489 World Rank
Chemistry