Princeton University - Department of Economics

The latest Markus' Academy webinar with Markus Brunnermeier features Assistant Professor of Economics Fedor Sandomirskiy and Pietro Ortoleva for a mini-series.

Covering AI for economic theorists and mathematicians from episode one, "AI and Theory as a Fixed Point," to episode four, "Prompting, Agent Adversaries, and Swarms," this is a must-watch series for anyone interested in economic theory.

Fifth episode coming soon! Watch the first four episodes on Substack: https://bit.ly/4fI3u7r

Discussing the AI Revolution, Eric Schmidt ’76, KBE, Former CEO and Chairman of Google, and Chair and CEO of Relativity Space, delivered a powerful address during his packed Reunions Talk.

Moderated by Alan Blinder ’67, the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs, Schmidt discussed AI from his beginnings in the field to the frontier of the revolution today.

Watch the recording: https://bit.ly/3RnIHNj

Congratulations to Princeton Associate Professor of Economics Ernest Liu on receiving the 2025 SCOR-PSE Junior Research Prize! Liu and his co-author, David Yang of Harvard, were recognized for their paper, International Power, which investigates how trade networks serve as a source of national power.

Read more about their insights and the award here: https://economics.princeton.edu/news/ernest-liu-awarded-scor-pse-junior-research-prize/

Princeton Economics pre-doctoral researchers recently joined peers from leading institutions for the 2nd annual Pre-Doctoral Economics Conference, hosted by Yale University.

In 2025, Princeton's Economics Department extended invitations to pre-doctoral research assistants from domestic and international institutions to share their individual research at its annual (and previously internal) conference, reflecting its commitment to fostering collaboration and supporting the professional development of early-career researchers.

This year, Juan Gaspar Arias Navatta and Dylan Black presented their research alongside fellows from around the world, while several other Princeton pre-doctoral research assistants also attended the conference (pictured).

Read more about the conference and Princeton’s participation here:
https://bit.ly/3TsBr35

Congratulations to Princeton University Associate Professor of Economics Ernest Liu on receiving the 2025 Jensen Prize from the Journal of Financial Economics!

Liu and his co-authors, Song Ma and Laura Veldkamp, were awarded first place for their paper titled “Data Sales and Data Dilution,” which explores market power in data markets. Learn more here: https://bit.ly/4fAsKwe

Looking for your next summer read?

From the history of the U.S. dollar to wealth inequality, taxation, trade and economic power in America, these five books offer engaging perspectives on some of today’s most important economic questions. Even better, the authors, including Princeton’s own Owen Zidar and Brendan Greeley, will visit Princeton this fall to discuss their work.

Explore the reading list here: https://bit.ly/4b9qN7o

A recent Economist article highlighted Princeton Professor Owen Zidar’s new book, "The Everywhere Millionaire," which explores the overlooked world of America’s wealthy private business owners and their outsized impact on the economy. Drawing on tax and business data, the book sheds light on entrepreneurs behind many successful firms.

American capitalism is run by millionaires, not billionaires They hide in plain sight—and wield enormous power

This spring, Princeton’s Julis-Rabinowitz Center for Public Policy & Finance and the Griswold Center for Economic Policy Studies co-hosted a symposium in Washington, D.C., bringing together faculty, alumni, and students to explore the intersection of development finance and industrial policy.

Through a series of discussions, participants explored how governments, institutions and private capital can be mobilized to promote sustainable economic transformation.

Read more: https://bit.ly/4xOjATS

Princeton’s Industrial Relations Section recently hosted "Right Place, Right Time: A Panel on the History and Impact of Women in Economics," featuring Prof. Cecilia Rouse and Assistant Prof. Pauline Carry. Moderated by Labor Economics Librarian Charissa Jefferson, the discussion explored the difficulties of translating research into policy and the enduring impact of women in economics, a topic which is often overlooked.

Read more about the panel and its connection to the legacy of labor economist Helen Baker here: https://bit.ly/4u9iBLX

Congratulations to Zachary Bleemer, assistant professor of economics, and Karthik Sastry, assistant professor of economics and public affairs, recipients of 2026 Princeton University preceptorships.

Read more: https://bit.ly/49CL9Fy