W. Kip Viscusi Joins Inaugural Group of Fellows of the Society for Benefit-Cost Analysis

The Society Fellows Program recognizes people who have made substantial contributions to the theory or practice for benefit-cost analysis. This program enhances the ability of SBCA to recognize outstanding achievements in the field of benefit-cost analysis. Awardees must have demonstrated a significant contribution to the theory and/or practice of benefit-cost analysis. While not essential, participation in SBCA, SBCA-sponsored events, and publication in the Journal of Benefit-Cost Analysis will be considered to be important aspects of an individual’s contribution.

W. Kip Viscusi Awarded Prestigious Earl Sutherland Prize by Vanderbilt University

Vanderbilt’s most prestigious faculty honor for accomplishments in research, scholarship or creative expression was awarded to W. Kip Viscusi during the Fall Faculty Assembly on August 22nd.

Viscusi, University Distinguished Professor of Law, Economics and Management, was awarded the Earl Sutherland Prize for Achievement in Research during the ceremony at the Student Life Center.

“As the author behind more than 360 articles and over two dozen books, Kip is one of the most prominent and prolific economists in the world,” Interim Chancellor Susan R. Wente said. “His watershed research on the statistical valuation of life has changed how scholars and government regulators approach benefits. His work is an example of how innovations in social science can radically inform policy and public affairs, therefore changing human lives for the better.”

W. Kip Viscusi (center), University Distinguished Professor of Law, Economics and Management, was awarded the Earl Sutherland Prize for Achievement in Research by Interim Chancellor and Provost Susan R. Wente (left) and Faculty Senate Chair John McLean (right) during the 2019 Fall Faculty Assembly.

Viscusi, the co-founder and co-director of Vanderbilt’s Ph.D. Program in Law and Economics, is widely regarded as one of the world’s leading authorities on benefit-cost analysis. His research focuses on a wide range of individual and societal responses to risk and uncertainty, including risky behaviors, government regulation and tort liability.

Viscusi’s latest book, Pricing Lives: Guideposts for a Safer Society, shows how innovations in social science can radically inform policy and public affairs, thereby changing human lives for the better.

The Sutherland Prize includes a cash award of $10,000 and an engraved julep cup. In addition, Viscusi’s name will be engraved alongside past Sutherland Prize winners on a silver bowl that he will keep for one year.