This visiting program allows PHD students in economics at other institutions to experience and learn to apply price theory in the Chicago tradition. The goal of the program is to expose students to price theory in the Chicago tradition, which emphasizes the application of simple economic principles to important real-world problems.
Established in 2006 with the support of the Searle Freedom Trust, the program is geared toward students who are in their third or fourth year of study.
The idea for the Scholars Program grew out of Jesse Shapiro’s experiences at UChicago. As a Harvard graduate student, he had the opportunity to visit several times, work on his research with leading price theory faculty, and take the Becker-Murphy price theory class. His exposure to the Chicago environment and to price theory class in particular gave him a new perspective on economics that he took back with him to Harvard.
Shapiro returned to the center as a Becker Fellow and, realizing that Chicago offered a unique perspective on economics, he encouraged faculty to offer more students from other institutions the same opportunity to explore price theory and the unique Chicago approach.
This program is geared towards PhD students in economics who are in their third or fourth year of study, but PhD students at all levels may be considered.
Candidates are nominated for the Price Theory Scholars Program, generally by those under whom they have studied. Applications are not accepted directly from the candidates themselves.
A letter of nomination should include an assessment of the candidate’s work and promise and the contact information of the candidate. Nominations should be sent to Tova Levin.