Hoover Institution Senior Fellows Edward P. Lazear and Paul M. Romer have been elected fellows of the prestigious American Academy of Arts and Sciences, a citation that recognizes their distinguished contributions to their profession and is the result of an extensive selection process undertaken by members of the academy.
Lazear and Romer will be welcomed to the Academy at an induction ceremony and dinner in October.
The Academy honors leading intellectuals from the United States and abroad in every field and profession. It was founded by John Adams, James Bowdoin and George Washington. The membership now totals 3,500 fellows and 600 foreign honorary members.
Lazear, who has been a Hoover fellow since 1985, specializes in the field of labor economics. He also is the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford University's Graduate School of Business, where he has taught since 1992. He taught previously at the University of Chicago's Graduate School of Business, where he was the Brown Professor of Urban and Labor Economics. Lazear is the current and founding editor of the Journal of Labor Economics, an elected fellow of the Econometric Society, and a research associate of the National Bureau of Economic Research (NBER). His research is currently supported by the National Science Foundation. Lazear is the past president of the Society of Labor Economists.
Romer is the Dean Witter Senior Fellow at Hoover. He also is the STANCO 25 Professor of Economics in the Graduate School of Business at Stanford University. An expert in economic growth theory, he is currently researching the determinants of long-run economic growth, and science and technology policy. Romer was professor of economics at the University of California at Berkeley from 1990 to 1995. Like Lazear, he also is a research associate at NBER, and an elected fellow of the Econometric Society.
Lazear and Romer join 26 Hoover Institution fellows who are members of the Academy of Arts and Sciences. They are Robert Barro, Gary Becker, David Brady, Bruce Bueno de Mesquita, Sidney Drell, Peter Duus, Heinz Eulau, John Ferejohn, Morris Fiorina, Robert Hall, Alex Inkeles, Keith Krehbiel, Anne Krueger, Seymour Martin Lipset, John McCarthy, Terry Moe, Douglass North, William Perry, Condoleezza Rice, Sherwin Rosen, John Shoven, Thomas Sargent, George Shultz, John Taylor, Edward Teller, and Barry Weingast.