Hoover Senior Fellow Kenneth L. Judd Elected to the American Academy of Arts and Sciences

Tuesday, May 13, 2003

Judd, the Paul H. Bauer Senior Fellow at the Hoover Institution, is an expert in the economics of taxation, imperfect competition, and mathematical economics. His current research focuses on tax policy and antitrust issues, as well as developing computational methods for economic modeling.

The Academy of Arts and Sciences honors distinguished scientists, scholars, and leaders in public affairs, business, administration, and the arts. It was founded during the American Revolution by John Adams, James Bowdoin, John Hancock, and other leaders who contributed prominently to the establishment of the new nation, its government, and its Constitution.

As expressed in its charter of 1780, the academy's purpose is "to cultivate every art and science which may tend to advance the interest, honor, dignity, and happiness of a free, independent, and virtuous people."

The academy has counted among its members the finest minds of each generation, including George Washington and Benjamin Franklin in the eighteenth century; Thomas Jefferson, Ralph Waldo Emerson, and Alexander Graham Bell in the nineteenth; and Albert Einstein, Woodrow Wilson, Charles Steinmetz, and Samuel Eliot Morison in the twentieth.

In electing Judd, the academy noted that "his book on computational economics defines a new field that makes dynamic economic theory operational. He also helped develop the application of dynamic models in public finance as well as wrote some early and influential papers on patents, price dispersion, and entry deterrence."

Judd is the author of Numerical Methods in Economics (MIT Press, 1998) and has contributed chapters to collected volumes including "The Impact of Tax Reform in Modern Dynamic Economies" in Transition Costs of Fundamental Tax Reform (Washington, D.C.: AEI Press, 2001). His articles have been published in many journals including Econometrica, Journal of Political Economy, and Journal of Economic Theory.

Judd is a coeditor of the Journal of Economic Dynamics and Control and an associate editor of Computational Economics. He was coeditor of the RAND Journal of Economics from 1988 to 1995 and associate editor of the Journal of Public Economics from 1988 to 1997 and the Journal of Economic Dynamics and Control from 1997 to 2001.

A fellow of the Econometric Society, Judd served as a member of the Economics Panel of the National Science Foundation from 1986 to 1988. Before joining the Hoover Institution as a senior fellow in 1988, Judd was a visiting professor of business economics at the University of Chicago and a national fellow at the Hoover Institution from 1986 to 1987.

The Hoover Institution, founded at Stanford University in 1919 by Herbert Hoover, who went on to become the 31st president of the United States, is an interdisciplinary research center for advanced study on domestic public policy and international affairs, with an internationally renowned archives.