I am trying to compile a list of winners of the Nobel memorial prize in economics whose thesis advisor also won the prize.

So far I have

Eric Maskin (advisor) / Jean Tirole (student)

Are there other pairs?


This seemed like a fun exercise, so using just the info on Wikipedia, I was able to compile this:

Nobel Advisors and Students

Honourable mentions, who I classify as economists who have at least two students who have won the Nobel include:

  1. Wilson (Roth and Holmstrom)
  2. Lovell (Prescott and Mortensen)
  3. Tucker (Nash and Shapley)
  4. Cassel (Myrdal and Ohlin)

Another interesting fact worth mentioning is that, while Krugman’s advisor, Dornbusch, did not win the Nobel, Dornbusch’s supervisor, Mundell, did. A similar comment applies so Lovell, who was Leontief's student, and had two students who won the Prize.

More interesting observations: predictably, for the vast majority of these pairs, the advisor won the prize before the student. Exceptions are Leontief and Samuelson; Fama and Scholes; and Hurwicz and McFadden.

Other triplets:

  1. Miller-Fama-Scholes
  2. Leontief-Samuelson-Merton
  3. Leontief-Solow-Akerlof/Diamond/Stiglitz
  4. Leontief-Schelling-Spence

We even have a quadruplet: Kuznets-Friedman-Markowitz-Sharpe.

  • $\begingroup$ Looks like this list is due for an update, with another advisor-student pair, Wilson and Milgrom, being awarded this year's Nobel. $\endgroup$ – Herr K. Oct 12 '20 at 21:40
  • 1
    $\begingroup$ @HerrK. Thanks for the heads-up. I'll try to find time to update this soon. $\endgroup$ – Theoretical Economist Oct 16 '20 at 18:02

In his Family Tree of Trade Economists Alan Deardoff indicates some links between teachers, students and academic siblings. I guess that "teacher" includes "advisor", but probably more.

Update on three new advisor-student pairs (October 2020)

By the way, there is a triplet:

Update on a new quadruplet (October 2020):

  • 1
    $\begingroup$ Holmstrom is also a student of Wilson's. $\endgroup$ – Herr K. Oct 20 '20 at 9:05
  • $\begingroup$ @HerrK. that's quite true. Thanks! $\endgroup$ – emeryville Oct 20 '20 at 9:37

Nobel Prize Advisor/Student Pair

Another pair is

  • Chris Sims (Nobel Memorial Prize in Economics in 2011)

    • Shared with Thomas Sargent
    • "for their empirical research on cause and effect in the macroeconomy"

  • Lars Hansen (Nobel Memorial Prize in Economics 2013)

    • Shared with Eugene Fama and Robert J. Shiller
    • "for their empirical analysis of asset prices"

Additional Note

Both Thomas Sargent and Chris Sims were at Minnesota when Lars Hansen was working on his PhD there. They both worked closely with Lars and contributed to his development.



Harry Markowitz was effectively the advisor of William F. Sharpe and they shared the Nobel over portfolio theory.


Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.