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Tim Besley

From Wikipedia, the free encyclopedia
British academic economist
For the Australian engineer, businessman and public servant, seeTim Besley (public servant).
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Tim Besley
Tim Besley in 2022
Born (1960-09-14)14 September 1960 (age 64)
Academic career
FieldPolitical economics
InstitutionLondon School of Economics
Princeton University
All Souls College, Oxford
Alma materUniversity of Oxford
Doctoral
advisor
W.M. Gorman
Doctoral
students
Rohini Pande
Dave Donaldson
Imran Rasul
InfluencesAmartya Sen
James Mirrlees
James M. Buchanan
ContributionsCitizen-candidate model, Political Agency Models, Economics of State Capacity
AwardsYrjö Jahnsson Award (2005)
John von Neumann Award (2010)
BBVA Foundation Frontiers of Knowledge Award (2022)
Information atIDEAS / RePEc

Sir Timothy John Besley,CBE, FBA (born 14 September 1960) is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at theLondon School of Economics (LSE).

He is also a commissioner on theNational Infrastructure Commission, a Quondam Fellow ofAll Souls College, Oxford, and the director of the Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) at the LSE. In 2018, he served as president of theEconometric Society, and from 2006 to 2009 he was an external member of the Bank of England'sMonetary Policy Committee. He won the 2005Yrjö Jahnsson Award and the 2022BBVA Foundation Frontiers of Knowledge Award.

Early life and education

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Born inLincolnshire,[1] Sir Tim Besley attendedAylesbury Grammar School and then studied atOxford University, where he gained a BA inPhilosophy, Politics, and Economics (PPE) with First Class Honours fromKeble College, winning the George Webb Medley Prize for best exam performance in his cohort for his second and third years. He continued his graduate studies at Oxford, receiving an MPhil in economics with Distinction and the George Webb Medley Prize for the best MPhil performance in his cohort, followed by a DPhil in Economics upon election as an Examination Fellow ofAll Souls College in 1984.

Career

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Besley's first position was as an assistant professor in the economics department andWoodrow Wilson School of Public and International Affairs atPrinceton University, before returning to the UK in 1995 as professor of economics atLSE. He has served as the director of the Suntory-Toyota International Centres for Economics and Related Disciplines (STICERD), and as a member of the Steering Group for theInternational Growth Centre. He served on theBank of England'sMonetary Policy Committee from September 2006 to August 2009.

Other activities

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Besley is a research fellow of theCentre for Economic Policy Research, and a former member of the Institutions, Organizations and Growth Programme of theCanadian Institute for Advanced Research (CIFAR). He is a past research fellow of theInstitute for Fiscal Studies and was a member of the Mirrlees Review committee. He is also a co-chair of theLSE Growth Commission and a member of theNational Infrastructure Commission.

On the international level, Besley has served as a consultant to theWorld Bank and to theEuropean Bank for Reconstruction and Development. In June 2021, he was appointed to theWorld BankInternational Monetary Fund High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, co-chaired byMari Pangestu,Ceyla Pazarbasioglu, andNicholas Stern.[2]

Research

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Besley's research is focused on aspects of economic policy formation in developed and emerging market economies. He is one of the leading economists in restoring the study of political economy to prominence in mainstream economics.

A selected bibliography includes:

  • "Principled Agents: The Political Economy of Good Government", Oxford University Press, 2006.
  • "Pillars of Prosperity: The Political Economics of Development Clusters", Princeton University Press, 2011 (withTorsten Persson).
  • "Incumbent Behavior: Vote Seeking, Tax Setting and Yardstick Competition" (withAnne Case). American Economic Review, 85 (1), 25–45, 1995.
  • "Property Rights and Investment Incentives: Theory and Evidence from Ghana", Journal of Political Economy, 103(5), 903–937, 1995.
  • "An Economic Model of Representative Democracy" (withStephen Coate), Quarterly Journal of Economics, 112(1), 85–114, 1997.
  • "The Political Economy of Government Responsiveness: Theory and Evidence from India", (withRobin Burgess), Quarterly Journal of Economics, 117(4), 1415–1452, 2002.
  • "Competition and Incentives with Motivated Agents", (withMaitreesh Ghatak), American Economic Review, 95(3), 616–636, 2005.
  • "The Origins of State Capacity: Property Rights, Taxation and Politics", (withTorsten Persson) American Economic Review, 99(4), 1218–44, 2009.
  • "The Logic of Political Violence", (withTorsten Persson) Quarterly Journal of Economics, 126 (3), 1411–1446, 2011.
  • "State Capacity, Reciprocity and the Social Contract", Econometrica, 88(4) 1307–1335, 2020.
  • "The Political Economics of Green Transitions", (withTorsten Persson) Quarterly Journal of Economics, 138 (3), 1863-1906, 2023.

Honours and awards

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Sir Tim Besley is aFellow of the British Academy, a fellow of theEconometric Society, and a foreign honorary member of theAmerican Economic Association and theAmerican Academy of Arts and Sciences. He was a co-editor ofAmerican Economic Review – the first person to serve in this position not based at a US university. He is the 2010 president of theEuropean Economic Association. From 2014 to 2017, he served as president of theInternational Economic Association. In 2018, he began serving as president of theEconometric Society. In 2005, he won theYrjö Jahnsson Award forEuropean economics and was awarded the 2010John von Neumann Award by the Rajk László College for Advanced Studies at Corvinus University of Budapest.[3] Besley was appointed aCommander of the Order of the British Empire (CBE) in the2010 Birthday Honours for services to Social Science, and aKnight Bachelor in the2018 New Year Honours for services to Economics and Public Policy.[4][5] For 2022 he was awarded theBBVA Foundation Frontiers of Knowledge Award.[6]

Personal life

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This section of abiography of a living persondoes notinclude anyreferences or sources. Please help by addingreliable sources. Contentious material about living people that is unsourced or poorly sourcedmust be removed immediately.
Find sources: "Tim Besley" – news ·newspapers ·books ·scholar ·JSTOR
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Besley married political economist Gillian Paull in 1993; the couple has two sons. He lives in Barnes, Richmond upon Thames in London. He is a fan ofFulham Football Club.

Works

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References

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  1. ^"Index entry".FreeBMD. ONS. Retrieved30 December 2017.
  2. ^World Bank, IMF Launch High-Level Advisory Group on Sustainable and Inclusive Recovery and GrowthInternational Monetary Fund, press release of 15 June 2021.
  3. ^Sanchari (17 February 2010)."EOPP Blog: Tim Besley receives the John von Neumann Award 2010".
  4. ^"No. 59446".The London Gazette (Supplement). 12 June 2010. p. 7.
  5. ^"No. 62150".The London Gazette (Supplement). 30 December 2017. p. N2.
  6. ^BBVA Foundation Frontiers of Knowledge Award 2022
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