Awards offered through the Society
To implement its objectives, Omicron Delta Epsilon sponsors the John R. Commons Award and two international competitive awards, the Irving Fisher and the Frank Taussig Awards for ODE members, graduate, and undergraduate students, respectively. Also, each year there is recognition for acting leadership roles in local chapters.
The John R. Commons Award, established in memory of one of the founders of Omicron Delta Epsilon, is awarded biennially to an outstanding economist in recognition of his achievements and for his service both to the economics profession and to Omicron Delta Epsilon. Previous recipients of this award have been: Professor Evsey D. Domar of the Massachusetts Institute of Technology, 1965; Professor Arthur Smithies of Harvard University, 1967; Professor Gerhard Tintner of the University of Southern California, 1969; Professor Milton Friedman of the University of Chicago, 1971, Professor Kenneth J. Arrow of Harvard University, 1973; Professor Robert Solow of the Massachusetts Institute of Technology, 1975; Professor William S. Baumol of Princeton and New York Universities, 1977; Professor Abram Bergson of Harvard University, 1979; Professor Arnold Zellner of the University of Chicago, 1981; Professor Dale Jorgenson of Harvard University, 1983; Professor Kenneth E. Boulding of the University of Colorado, 1985; Professor Gary Becker of the University of Chicago, 1987; Professor Martin Feldstein of the National Bureau of Economics Research, 1989;Professor Douglass C. North, Washington University,1991;Professor Robert Eisner, Northwestern University, 1993; Professor Jagdish Bhagwatii, Columbia University, 1995; Professor Walter Adams, Trinity University(Texas) and Michigan State University, 1997; Professor Paul A. Samuelson, Massachusetts Institute if Technology, 1999; and Professor Victor R. Fuchs, Stanford, University, 2001, Professor Victor R. Fuchs of Stanford University, 2001; and Professor Irma Adelman of the University of California, Berkley, 2003. The next award will be awarded in 2005.
The Irving Fisher Article Award is bestowed upon the best article submitted by a graduate student or a recent recipient of a doctorate in economics.
Who is Eligible - Members of Omicron Delta Epsilon who are graduate students or have received their Ph.D. or terminal M.A. not more than two years prior to entering the competition.
Eligible Entries - Articles may be on any topic in economics. They must be based on work initiated prior to receipt of Ph.D. Entries of up to 5,000 words are preferred, but up to 10,000 words are acceptable.
Nature of Award - The Irving Fisher Award consists of a cash prize of $500, and publication in The American Economist (at the option of the winner).
Procedure for Participation - Submit three copies of your entry to the Selection Committee via Dr. Self for this chapter.
Deadline - An announcement is sent out to each chapter each year specifying the deadlines for submission.
Selection Process - One or more entries judged to be of superior quality in department competitions will be forwarded to the International Editorial Board. All entries judged to be of superior quality by this Board will be entered in the final competition and will be judged by the Final Selection Board.
Award Announcement - The announcement of the award is made approximately May 1 of each year.
The Frank W. Taussig Article Award is a competitive award bestowed upon the undergraduate or recent graduate in economics submitting the best article in any year. (Economics refers to both theoretical and applied economics, and students writing papers in agricultural economics or other areas of applied economics are eligible for the award as long as there is an Omicron Delta Epsilon chapter on their campus and they are members thereof.)
Who is Eligible - Anyone satisfying one of the following 3 criteria: (1) Any undergraduate student in a school with an Omicron Delta Epsilon chapter; (2) Any student who received his bachelor's degree from such a school not more than two years prior to entering the competition, and (3) Any member of Omicron Delta Epsilon who received his bachelor's degree from any school not more than two years prior to entering the competitions.
Eligible Entries - Articles may be on any topic in economics. Entries of up to 5,000 words are preferred, but up to 10,000 words are acceptable.
Nature of Award - The Frank W. Taussig Award consists of a cash prize of $500 and publication in The American Economist. In addition, the chapter submitting the winning entry receives $200.
Procedure for Participation - Submit three copies of your entry to the Selection Committee via Dr. Self for this chapter.
Deadline - TBD
Selection Process - One or more entries judged to be of superior quality in department competitions will be forwarded to the International Editorial Board. All entries judged to be of superior quality by this Board will be entered in the final competition and will be judged by the Final Selection Board.
Award Announcement - The announcement of the award is made approximately December 15th each year.
The Outstanding Student Award provides recognition to students who assume active leadership roles in their ODE chapters. Five winners are chosen who receive 10K ODE Keys, runner-ups receive an engraved rosewood pen. Nominations are made by faculty advisors each Spring.