Fellows

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 a 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
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
Richard C. Green (d)
Tepper School of Business, Carnegie Mellon University
2007
Myron J. Gordon (d)
Faculty of Management, University of Toronto
2000
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
Walter E. Hoadley (d)
Bank of America
2000
Bengt Holmström
Massachusetts Institute of Technology
2013
Michael C. Jensen
Harvard Business School
2000
Edward J. Kane
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
Robert E. Lucas, Jr.
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
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
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
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
Robert Stambaugh
The Wharton School, University of Pennsylvania
2014
Jeremy Stein
Harvard University
2009
Hans R. Stoll
Owen Graduate School of Management, Vanderbilt University
2000
René Stulz
Ohio State University
2005
Richard Thaler
University of Chicago
2009
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”