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Kevin M. Murphy

From Wikipedia, the free encyclopedia
American economist
For other people named Kevin Murphy, seeKevin Murphy (disambiguation).

Kevin M. Murphy
Born1958 (age 66–67)
Academic background
EducationUniversity of California, Los Angeles (BA)
University of Chicago (PhD)
Doctoral advisorSherwin Rosen
InfluencesArmen Alchian
Gary Becker
Academic work
DisciplineSocial economics
School or traditionChicago School of Economics
InstitutionsUniversity of Chicago
Doctoral studentsLuis Garicano
AwardsJohn Bates Clark Medal (1997)
MacArthur Fellows Program (2005)
John von Neumann Award (2008)
Website

Kevin Miles Murphy (born 1958) is theGeorge J. Stigler Distinguished Service Professor of Economics at theUniversity of Chicago Booth School of Business and a Senior Fellow at theHoover Institution.[1]

Life and career

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Murphy has a B.A. (economics,Phi Beta Kappa), from theUniversity of California, Los Angeles, 1981; and PhD,University of Chicago, 1986 (thesis:Specialization and Human Capital).

In 1997 Murphy was awarded the prestigiousJohn Bates Clark Medal by theAmerican Economic Association, given once every two years to the most outstanding American economist under the age of forty, and widely considered to be the second most prestigious prize in economics (after theNobel Prize in Economics). Murphy was cited for his study of the causes of growing income inequality between white-collar andblue-collar workers in the United States and his research linking the growth in income inequality to growth in the demand for skilled labor. His other research has covered such topics as economic growth, income inequality, valuing medical research,rational addiction, and unemployment.

Murphy has authored over 50 published articles on a variety of topics including a cost–benefit analysis of the war in Iraq.[2]

On September 20, 2005, he was named as one of the 2005 recipients of theMacArthur Fellowship, often referred to as the "genius grant."

On November 13, 2023, Murphy, while serving as an expert witness for Google during a trial, disclosed that Apple gets 36% of the revenue Google generates from being the default browser on the Safari browser.[3]

Major works

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  • Measuring the Gains from Medical Research: An Economic Approach (edited volume with Robert H. Topel) University of Chicago Press, 2003.
  • Social Economics: Market Behavior in a Social Environment (with Gary S. Becker). Cambridge, MA : Harvard University Press (The Belknap Press), 2000.

References

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  1. ^Profile at Hoover Institution
  2. ^Chicago GSB Magazine: Winter 2007Archived July 6, 2007, at theWayback Machine
  3. ^Bloomberg: Apple Gets 36% of Google Revenue in Search Deal, Expert Says

External links

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