Awarded every three years, Chicago Booth’s Eugene Fama Prize for Outstanding Contributions to Doctoral Education recognizes authors of exceptional PhD-level textbooks in economics and finance.

The second Fama Prize has been awarded to Joshua Angrist (Massachusetts Institute of Technology) and Jörn-Steffen (Steve) Pischke (London School of Economics) for their book Mostly Harmless Econometrics: An Empiricist’s Companion, published by Princeton University Press in 2009. Angrist and Pischke met as graduate students while attending Princeton Unversity in the Industrial Relations Section. Angrist and Pischke will share the $250,000 prize.

Pictured here (left to right): Eugene F. Fama, MBA ’63, PhD ’64, Joshua Angrist, and Jörn-Steffen Pischke.