Samuel Bowles

Samuel Bowles

What was the nature of their innovation and how did it contribute to humankind? Samuel Bowles has undertaken groundbreaking work in microeconomics for close to five decades. His work on the structure of labor and capital markets and the organization of work has led to the theory of “contested exchange,” demonstrating how markets naturally create persistent inequalities of wealth and power. Sam has contributed significantly to our understanding of the evolution of institutions, behavior, and preferences; the causes and consequences of inequality; the moral motivations of our choices; and why we are in fact ‘a cooperative species’. He combines empirical and theoretical work in economics and many related disciplines, along with sophisticated mathematical tools, to address questions of broad social and political importance. Already a recipient of the Leontief Prize for Advancing the Frontiers of Economic Thought, it would be appropriate to now honor him with a ‘Not the Nobel Award’.

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Samuel Bowles

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