![]() The University of Chicago Magazine April 1997 | ![]() Heavy hitter: Kevin Murphy, PhD'86, the George Pratt Shultz professor in the Graduate School of Business, was awarded the 1997 John Bates Clark Medal of the American Economic Association, given once every two years to the most outstanding American economist under age 40. Many U.S. economists regard the award as equivalent to a Nobel Prize. Murphy, 39, (photographed above at a GSB reception in his honor) was cited for his research on the causes of growing income inequality between U.S. white- and blue-collar workers.Continuing presence: Chicago philanthropist William B. Graham, SB'32, JD'36, and his wife, Catherine, have made a $10-million gift to the University. In their honor, the Center for Continuing Studies has been renamed the William B. and Catherine V. Graham School of General Studies. The retired chair of Baxter International, Graham is a life trustee of Chicago; Mrs. Graham is a member of the U of C's Women's Board and an active supporter of Chicago's Center on Modern France. The University's continuing-studies program attracts over 10,000 students yearly. |
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