Warwick Economics strongly represented in Royal Economic Society Founding Fellows List

Professor Roger Farmer, Emeritus Professor Michael Waterson and former Dean of Warwick in London Professor Abhinay Muthoo are among the 58 Founding Fellows announced by the Royal Economic Society this week.

The Fellowship is a new initiative from the Royal Economic Society and recognises economists who have made a significant contribution to the discipline and to society beyond academia, in the judgement of an expert panel. The new Fellows are entitled to use FREcon as a postnomial.

Warwick Economics works closely with RES on several initiatives, including the hosting of their flagship event - RES annual conference at Warwick in 2019. Many of our academics, alumni and current students of the Department engage in the work of RES networks like UK Women in Economics Network, Diversity & Inclusion Network and Discover Economics campaign.

Roger Farmer is Professor of Economics at the University of Warwick, Emeritus Distinguished Professor of Economics at UCLA and a Visiting Scholar at the University of Virginia. His research examines the connection between market psychology and macroeconomics, and the implications for fiscal policy. He said:

“I am honoured to be nominated as a Founding Fellow of the Royal Economic Society and I look forward to contributing to the success of the organization in the years to come.”

Mike Waterson is Emeritus Professor of Economics at Warwick and was Head of Department of Economics at Warwick between 1999 and 2002. He retired from academia in 2020 but maintains close links with the Department through his involvement with the CAGE research centre. Mike commented:

“I am very pleased to be included in the group of founding fellows of the RES. I have always believed that economics should be applied for the good of society and I have been engaged, over the years, in many diverse policy activities alongside my academic career, particularly in the competition sphere.”

Abhinay Muthoo was Professor of Economics at the University of Warwick until 2022 and Head of the Department of Economics between 2008 and 2016. During his time as Head of Department, CAGE Research Centre was established and the Department affirmed its reputation for research quality in the Research Excellence Framework 2014.

Head of Department Professor Jeremy Smith said:

“Many congratulations to Roger, Mike and Abhinay. It is an indication of the standing of the Department that the RES awards fellowships to 3 individuals who are closely tied to the Department. We look forward to building upon our existing relationship with the RES.”

RES President Prof Sir Chris Pissarides, who chaired the judging panel, said:

“The panel was impressed by the depth and breadth of the applications it considered, with representation from academia, the public and private sectors and those working in schools. Through their applications our new Fellows demonstrated the impact they have made not just in their roles, but to the wider economics profession. We congratulate them and look forward to working with them to advance the RES vision: that economics be understood, advanced and applied for the good of society and the world around us.”