Famous 21st Century Economists

One of the few personalities known for his disdain of self-promotion, Thomas Sowell is an important American social theorist and economist. Over the years, he has played a prominent role working as a faculty member of many prestigious universities, such as the University of California, Los Angeles (UCLA) and Cornell University. 

The 13th Prime Minister of India, Manmohan Singh became the first Sikh in office when he took office in 2004. A prominent economist and academic, he held several key posts in the Government of India in the 1970s and 1980s. Known for his humility, he  has been described by the media as "one of the world's most revered leaders."

Apart from being the MD of Thiel Capital, mathematician and economist Eric Weinstein is also a researcher at Oxford. The Harvard alumnus had quit academia for 20 years before he returned again. He coined the term “intellectual dark web” and works on topics such as gauge theory, risk management, and immigration.

Ben Bernanke is an American economist who served two terms as the chair of the Board of Governors of the Federal Reserve System from 2006 to 2014, during which he supervised the Federal Reserve's response to the global financial crisis (GFC). For his efforts during GFC, Ben Bernanke was named Time Person of the Year in 2009.

Lawrence Kudlow began his career as staff economist at the Federal Reserve Bank of New York and then served as financial analyst at Wall Street, before joining the Ronald Reagan administration. Later he became an economic media commentator with National Review, and hosted several shows on CNBC. During the Trump administration, he served as Director of the National Economic Council.

Apart from being the president of Harvard, Lawrence Summers has also been the U.S. secretary of the treasury, the World Bank’s chief economist, and the NEC director. The MIT alumnus became one of the youngest tenured faculty members at Harvard. He also writes regularly for The Washington Post.

French economist and professor Thomas Piketty is best known for his book Capital in the Twenty-first Century, which became a New York Times bestseller. He has taught at prestigious institutes such as LSE and MIT. He proposed taxing the rich to prevent high incomes and not merely to increase government revenue.

After his 13-year stint with Goldman Sachs, Mark Carney served as the governor of the Bank of Canada and the Bank of England. He was also part of the Canadian finance department. He is an ice-hockey lover and played the sport actively during the school and university days.

Born to a scientist father, Yulia Navalnaya grew up to be an acclaimed economist. She met her husband, lawyer and Russian opposition leader Alexei Navalny, while vacationing in Turkey. She has since been beside him through a number of tumultuous events, including his alleged poisoning by Russian officials.

Urjit Patel is an Indian economist. From 2016 to 2018, he served as the Governor of the Reserve Bank of India. In 2018, he resigned stating personal reasons. He also became the fifth governor to have resigned before the completion of his term. Urjit Patel is the recipient of Yale University’s Wilbur Cross Medal. 

Esther Duflo is a French–American economist. She is credited with co-founding the Abdul Latif Jameel Poverty Action Lab, a global research center that works towards reducing poverty worldwide. In 2019, she shared the Nobel Memorial Prize in Economic Sciences with Michael Kremer and Abhijit Banerjee for their efforts to reduce poverty.

Born to economics professor parents, Abhijit Banerjee grew up in India before he moved to the U.S. to study at Harvard. He later taught at Harvard and Princeton and is now associated with MIT. His studies on the ways of reducing world poverty won him a Nobel Prize.

Yale and Stanford alumnus Arthur Laffer is now one of the greatest economists of the U.S. Best known for his Laffer curve and his theory of taxes that explained how low tax rates could eventually provide higher revenues, he has been crucial to the American tax system.

Best remembered for creating a new writing system that allows Mandarin to be written in Roman alphabets, Chinese economist Zhou Youguang started working on the project in 1955, reaching his goal after three years of labor. Known as Father of Pinyin, he has also authored forty books, most notable among them being The Historical Evolution of Chinese Languages and Scripts.

Dan Ariely is an Israeli-American professor and author. He is the founder of the research institution, The Center for Advanced Hindsight, and the co-founder of several companies. Currently, he is also the James B. Duke Professor of psychology and behavioral economics at Duke University. He is the author of the three New York Times bestsellers as well. 

Bulgarian environmental economist Kristalina Georgieva, the MD of IMF, believes developed nations should help low-income countries to prevent the Great Divergence. Her career boasts of a stint at the World Bank Group. She made it to the 2020 Time 100 and was named the European of the Year in 2010.

Economist Janet Yellen has had an illustrious career as an academic and researcher, and has taught at Harvard University and other reputed institutes. After chairing the Federal Reserve for 4 years, she is now the United States Secretary of the Treasury. She is married to Nobel-winning economist George Akerlof.

Born to Egyptian parents in New York, Mohamed A. El-Erian grew up in the U.S., Egypt, and France, with his diplomat father. Educated at Cambridge and Oxford, he later served as the CEO of PIMCO. Apart from being a Bloomberg columnist, he has also written bestsellers such as When Markets Collide.

British-American economist and Nobel laureate Angus Deaton revolutionized applied economics with his work on consumption, savings, poverty, and development. Apart from teaching at Princeton, he has penned multiple award-winning papers and given rise to concepts such as the Deaton Paradox. He was also the first to receive the Frisch Medal.

Economist Carlos Salinas de Gortari boasts of a PhD from Harvard. The former Mexican president is known for opening up his country to foreign investments. Riddled with controversies and corruption scandals, he stepped down and went into exile later. He is considered one of the most-hated Mexican leaders ever.

Renowned economist and award-winning BBC journalist Evan Davis is best known for presenting shows such as Dragons' Den, Newsnight, and Today. The Oxford and Harvard alumnus has also been BBC's economics editor and has co-authored books such as Public Spending. He is openly gay and is married to a French architect.

Award-winning economist and University College London professor Mariana Mazzucato was born to a physicist father in Italy. She has also held academic posts at institutes such as the University of Sussex. She is best known for her research on economic innovation and has penned books such as The Entrepreneurial State.

Nobel Prize-winning Canadian-American economist Myron Scholes is best known for co-establishing the Black-Scholes options pricing model. He was associated with MIT Sloan and the University of Chicago Booth School of Business before moving to Stanford. He has served on the economic boards of companies such as Stamos Partners, too.

Robert Aumann is an Israeli-American mathematician. He is a professor at the Center for the Study of Rationality in the Hebrew University of Jerusalem in Israel and a member of the United States National Academy of Sciences. A founding member of the Stony Brook Center for Game Theory, he received the Nobel Memorial Prize in Economic Sciences in 2005.