In January 2000, the Board of Directors of The American Finance Association instituted a Society of Fellows of the Association. The purpose of the society is to recognize those members who have made a distinguished contribution to the field of finance.
Since Fellows are selected by the membership for their contributions to the field of finance, and since this is also the principal criterion for election as president, all living past presidents and all future presidents of the association are designated as Fellows. The list below contains all living past presidents and the Fellows selected since that date.
Each year, the Nominating Committee, chaired by the current president, solicits names from the membership and nominates a slate of no more than five candidates from which current Fellows elect one new Fellow. Polling of the current Fellows is carried out by the immediate past-president prior to the next annual meeting.
AFA Fellows:
| Name | Year Selected |
|---|---|
|
Franklin Allen The Wharton School, University of Pennsylvania | 2001 |
|
Kenneth Arrow (d) Stanford University | 2003 |
|
Ben S. Bernanke Brookings Institution | 2015 |
|
Patrick Bolton Columbia University | 2016 |
|
Douglas T. Breeden Duke University | 2010 |
|
Michael J. Brennan The Anderson School at UCLA | 2000 |
| Markus Brunnermeier Princeton University | 2024 |
|
John Y. Campbell Harvard University | 2006 |
|
John H. Cochrane University of Chicago | 2011 |
|
George M. Constantinides University of Chicago | 2002 |
|
John C. Cox Massachusetts Institute of Technology | 2008 |
|
Peter DeMarzo Stanford University | 2019 |
|
Douglas W. Diamond University of Chicago | 2004 |
|
Darrell Duffie Stanford University | 2010 |
|
Edwin J. Elton Stern School of Business, New York University | 2000 |
|
Robert F. Engle Stern School of Business, New York University | 2005 |
|
Eugene F. Fama Graduate School of Business, University of Chicago | 2001 |
| Kenneth R. French Tuck School, Dartmouth College | 2008 |
| Myron J. Gordon (d) Faculty of Management, University of Toronto | 2000 |
| John Graham Fuqua School of Business, Duke University | 2022 |
|
Richard C. Green (d) Tepper School of Business, Carnegie Mellon University | 2007 |
|
Sanford J. Grossman Quantitative Financial Strategies, Inc. | 2000 |
|
Martin J. Gruber Stern School of Business, New York University | 2000 |
|
Lars Peter Hansen Department of Economics, University of Chicago | 2007 |
|
Milton Harris University of Chicago | 2011 |
|
Oliver Hart Harvard University | 2016 |
|
Campbell Harvey Duke University | 2017 |
| David Hirshleifer University of California, Irvine | 2020 |
|
Walter E. Hoadley (d) Bank of America | 2000 |
|
Bengt Holmström Massachusetts Institute of Technology | 2013 |
| Jonathan E. Ingersoll Jr. Yale University | 2020 |
| Ravi Jagannathan Northwestern University | 2024 |
| Michael C. Jensen (d) Harvard Business School | 2000 |
| Edward J. Kane (d) W.E. Carroll School of Management, Boston College | 2000 |
|
Albert S. “Pete” Kyle Robert H. Smith School of Business, University of Maryland | 2014 |
|
Hayne E. Leland Haas School of Business, University of California Berkeley | 2000 |
|
Robert H. Litzenberger Goldman, Sachs & Co. | 2000 |
| Andrew W. Lo Massachusetts Institute of Technology | 2023 |
| Robert E. Lucas, Jr. (d) University of Chicago | 2004 |
|
Sherman J. Maisel (d) Haas School of Business, University of California, Berkeley | 2000 |
|
Burton G. Malkiel Department of Economics, Princeton University | 2000 |
| Harry Markowitz (d) Harry Markowitz Company | 2000 |
|
Robert C. Merton Harvard Business School | 2000 |
|
Franco Modigliani (d) Sloan School of Management, MIT | 2000 |
|
Stewart C. Myers Sloan School of Management, MIT | 2000 |
|
Maureen O’Hara Cornell University | 2003 |
| James Poterba Massachusetts Institute of Technology | 2021 |
|
Raghuram Rajan University of Chicago | 2012 |
|
Lawrence S. Ritter (d) Stern School of Business, New York University | 2000 |
|
Richard Roll The Anderson School at UCLA | 2000 |
|
Stephen A. Ross (d) Sloan School of Management, MIT | 2000 |
| Mark E. Rubinstein (d) Haas School of Business, University of California Berkeley | 2000 |
|
Paul A. Samuelson (d) Massachusetts Institute of Technology | 2002 |
|
David S. Scharfstein Harvard University | 2018 |
|
José A. Scheinkman Columbia University | 2017 |
|
Myron S. Scholes Stanford University | 2000 |
|
Eduardo S. Schwartz The Anderson School at UCLA | 2000 |
|
G. William Schwert Simon Business School, University of Rochester | 2019 |
|
William F. Sharpe Graduate School of Business, Stanford University | 2000 |
|
Robert Shiller Yale University | 2006 |
|
Andrei Shleifer Harvard University | 2012 |
| Kenneth Singleton Stanford University | 2021 |
|
Robert Stambaugh The Wharton School, University of Pennsylvania | 2014 |
| Laura Starks University of Texas at Austin | 2023 |
|
Jeremy Stein Harvard University | 2009 |
| Hans R. Stoll (d) Owen Graduate School of Management, Vanderbilt University | 2000 |
|
René Stulz Ohio State University | 2005 |
|
Richard Thaler University of Chicago | 2009 |
| Jean Tirole Toulouse School of Economics | 2022 |
|
Sheridan Titman University of Texas at Austin | 2013 |
|
James C. Van Horne Graduate School of Business, Stanford University | 2000 |
|
Robert W. Vishny University of Chicago | 2018 |
|
J. Fred Weston (d) The Anderson School at UCLA | 2000 |
|
Luigi Zingales University of Chicago | 2015 |
(d) indicates “deceased”