{"id":3550,"date":"2013-10-22T09:19:46","date_gmt":"2013-10-22T13:19:46","guid":{"rendered":"http:\/\/www.kzoo.edu\/news\/?p=3550"},"modified":"2022-03-24T11:29:10","modified_gmt":"2022-03-24T15:29:10","slug":"alumnus-wins-nobel-prize","status":"publish","type":"post","link":"https:\/\/www.kzoo.edu\/news\/alumnus-wins-nobel-prize\/","title":{"rendered":"Alumnus Wins Nobel Prize"},"content":{"rendered":"

\"2013<\/a>Robert Shiller<\/a>, who became famous for calling the housing and Internet stock bubbles, was one of three Americans to win the 2013 Nobel Prize in economics. Today, he\u2019s a professor at Yale. In 1963, he was a freshman at Kalamazoo College (see photo at left). He stayed at K through fall of his sophomore year before transferring to the University of Michigan. A true liberal arts learner, he took classes during his five K quarters from Don Flesche<\/strong> (political science), Jean Calloway<\/strong> (mathematics) and Conrad Hilberry<\/strong> (English). Five quarters? How does a student accumulate five quarters by the end of fall of sophomore year? That\u2019s a little known fact of the early K-Plan<\/em>. One could opt to complete one\u2019s undergraduate studies and graduate in three years. Very few students elected that option and it dropped from disuse. “My experience at K was great,” wrote Shiller recently, “and helped set me on my path. I remember that it was my admiration of Bruce Timmons, an economics major at K, that got me into economics. It wasn\u2019t so much my experience taking economics at K, I only got a B+ in intro econ, as I recall, which I thought, momentarily, might mean that I just did not have talent in economics.” Regarding his transfer to University of Michigan: “The reason I did so is a little complicated to explain,” wrote Shiller. “My foreign language was Russian, and so I did not have any place to go for my junior year abroad, and all my classmates would be gone, so I thought I might just switch to U of M. Another reason was that I signed in to the K three-year program, originally to graduate in 1966, but began to think I wanted to experience more years as an undergrad, and I thought joining a big college newspaper staff (the Michigan Daily<\/em>) would be great fun. More fun than staying behind when my whole class went abroad. So, that is what I did.” At K, Shiller was a member of the Delmega Society, a student organization that attracted mostly math and science majors and serious students. Another K connection was provided by Professor of Economics Hannah McKinney<\/strong>. Shiller and another professor team taught McKinney\u2019s macroeconomics class during her first year of graduate school. Congratulations on the Nobel Prize, Professor Shiller. We\u2019re proud of your K roots.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert Shiller, who became famous for calling the housing and Internet stock bubbles, was one of three Americans to win the 2013 Nobel Prize in economics. Today, he\u2019s a professor at Yale. In 1963, he was a freshman at Kalamazoo College (see photo at left). He stayed at K through fall of his sophomore year […]<\/p>\n","protected":false},"author":7,"featured_media":3551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[232],"tags":[31,30,56],"post_formats":[],"class_list":["post-3550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alumni","tag-alumni","tag-awards","tag-economics"],"yoast_head":"\r\nAlumnus Wins Nobel Prize - News and Events<\/title>\r\n<meta name=\"description\" content=\"Robert Shiller, who became famous for calling the housing and Internet stock bubbles, was one of three Americans to win the 2013 Nobel Prize in economics.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.kzoo.edu\/news\/alumnus-wins-nobel-prize\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" 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aria-label=\"archive of category Alumni\" href=\"https:\/\/www.kzoo.edu\/news\/category\/alumni\/\" rel=\"category tag\">Alumni<\/a>","tags_info":"<a href=\"https:\/\/www.kzoo.edu\/news\/tag\/alumni\/\" rel=\"tag\">alumni<\/a>, <a href=\"https:\/\/www.kzoo.edu\/news\/tag\/awards\/\" rel=\"tag\">awards<\/a>, <a href=\"https:\/\/www.kzoo.edu\/news\/tag\/economics\/\" rel=\"tag\">economics<\/a>","social_share_info":"<a data-share=\"facebook\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.kzoo.edu\/news\/alumnus-wins-nobel-prize\/\" class=\"pl-facebook-share social-share-default pl-social-share\" target=\"_blank\"><i class=\"fab fa-facebook-f\" aria-hidden=\"true\"><\/i><\/a><a data-share=\"twitter\" href=\"https:\/\/twitter.com\/share?url=https:\/\/www.kzoo.edu\/news\/alumnus-wins-nobel-prize\/\" class=\"pl-twiiter-share social-share-default pl-social-share\" target=\"_blank\"><i class=\"fab fa-twitter\" aria-hidden=\"true\"><\/i><\/a><a data-share=\"linkedin\" href=\"https:\/\/www.linkedin.com\/shareArticle?url=https:\/\/www.kzoo.edu\/news\/alumnus-wins-nobel-prize\/\" class=\"pl-linkedin-share social-share-default pl-social-share\" target=\"_blank\"><i class=\"fab fa-linkedin-in\" aria-hidden=\"true\"><\/i><\/a>","wordExcerpt_info":"<p><a href=\"http:\/\/www.kzoo.edu\/news\/files\/2013\/10\/obert-Shiller-1963.jpg\"><img loading=\"lazy\" class=\"alignleft wp-image-3551 size-full\" src=\"\/\/www.kzoo.edu\/news\/files\/2013\/10\/obert-Shiller-1963.jpg\" alt=\"2013 Nobel Prize winner Robert Shiller in 1963\" width=\"250\" height=\"380\" \/><\/a><a href=\"http:\/\/www.nytimes.com\/2013\/10\/20\/business\/robert-shiller-a-skeptic-and-a-nobel-winner.html?_r=0\">Robert Shiller<\/a>, who became famous for calling the housing and Internet stock bubbles, was one of three Americans to win the 2013 Nobel Prize in economics. Today, he\u2019s a professor at Yale. In 1963, he was a freshman at Kalamazoo College (see photo at left). He stayed at K through fall of his sophomore year before transferring to the University of Michigan. A true liberal arts learner, he took classes during his five K quarters from <strong>Don Flesche<\/strong> (political science), <strong>Jean Calloway<\/strong> (mathematics) and <strong>Conrad Hilberry<\/strong> (English). Five quarters? How does a student accumulate five quarters by the end of fall of sophomore year? That\u2019s a little known fact of the early <em>K-Plan<\/em>. One could opt to complete one\u2019s undergraduate studies and graduate in three years. Very few students elected that option and it dropped from disuse. “My experience at K was great,” wrote Shiller recently, “and helped set me on my path. I remember that it was my admiration of Bruce Timmons, an economics major at K, that got me into economics. It wasn\u2019t so much my experience taking economics at K, I only got a B+ in intro econ, as I recall, which I thought, momentarily, might mean that I just did not have talent in economics.” Regarding his transfer to University of Michigan: “The reason I did so is a little complicated to explain,” wrote Shiller. “My foreign language was Russian, and so I did not have any place to go for my junior year abroad, and all my classmates would be gone, so I thought I might just switch to U of M. Another reason was that I signed in to the K three-year program, originally to graduate in 1966, but began to think I wanted to experience more years as an undergrad, and I thought joining a big college newspaper staff (the <em>Michigan Daily<\/em>) would be great fun. More fun than staying behind when my whole class went abroad. So, that is what I did.” At K, Shiller was a member of the Delmega Society, a student organization that attracted mostly math and science majors and serious students. Another K connection was provided by Professor of Economics <strong>Hannah McKinney<\/strong>. Shiller and another professor team taught McKinney\u2019s macroeconomics class during her first year of graduate school. Congratulations on the Nobel Prize, Professor Shiller. We\u2019re proud of your K roots.<\/p>\n","comment_info":"No Comments","_links":{"self":[{"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/posts\/3550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/comments?post=3550"}],"version-history":[{"count":7,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/posts\/3550\/revisions"}],"predecessor-version":[{"id":9731,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/posts\/3550\/revisions\/9731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/media\/3551"}],"wp:attachment":[{"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/media?parent=3550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/categories?post=3550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/tags?post=3550"},{"taxonomy":"post_format","embeddable":true,"href":"https:\/\/www.kzoo.edu\/news\/wp-json\/wp\/v2\/post_formats?post=3550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}