BOSTON — Robert C. Merton, Harvard's John and Natty McArthur University Professor based at Harvard Business School and winner of the 1997 Alfred Nobel Memorial Prize in the Economic Sciences, has been selected as the recipient of the Robert A. Muh Award. The honor is given annually by the Massachusetts Institute of Technology's School of Humanities, Arts, and Social Sciences to an MIT graduate who has made significant contributions to these fields.
Merton will receive the award at a dinner ceremony in March and deliver a lecture to an audience that will include MIT faculty, staff, and students.
At HBS, Merton currently teaches the second-year elective Functional and Strategic Finance, a course organized around the design and management of global financial institutions, markets, and the financial system.
Merton earned a bachelor's degree in engineering mathematics from Columbia University, a master's degree in engineering mathematics from the California Institute of Technology, and a doctorate in economics from the Massachusetts Institute of Technology. He then served on the finance faculty of the MIT Sloan School of Management until 1988, when he moved to Harvard Business School. He is past president of the American Finance Association and a member of the National Academy of Sciences.
Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 80 open enrollment Executive Education programs and more than 60 custom programs. For more than a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business and entrepreneurship around the globe.