Austan Goolsbee: Matthew Gentzkow

Matthew Gentzkow: Gentzkow, 38, was honored for his contribution to understanding of the economic forces driving the creation of media products, the changing nature and role of media in the digital environment, and the effect of media on education and civic engagement, the AEA said on its website yesterday, according to Bloomberg. Gentzkow is a path-breaking scholar, said Austan Goolsbee , who was the chairman of President Barack Obama s Council of Economic Advisers from 2010 to 2011 and Matthew Gentzkow, a University of Chicago professor, won the American Economic Associations John Bates Clark young economist award for his work explaining the role of economics in the news media. Started in 1947 as a biennial prize, the medal is now being awarded annually to the American economist under 40 who is judged to have made the most significant contribution to economic thought and knowledge, according to the association. Recipients of the medal have about a one-in-three chance of eventually winning the Nobel Prize in economics, according to data compiled by . (news.financializer.com). As reported in the news.