Robert A. Mundell, a Nobel Laureate and former Professor of Economics at the University of Chicago, died April 4, 2021 in Siena, Italy. Mundell was a Canadian economist and most recently Professor of Economics at Columbia University in New York.  

Mundell’s research focused largely on the economic theory of international economics and he was known as the “father of the theory of optimum currency areas.” His theories contributed to the adoption of the euro as the currency of the European Union. In 1999, Mundell received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas" (Robert A. Mundell - Facts). 

Mundell received his Ph.D. from MIT and taught at Stanford University, as well as The Johns Hopkins University SAIS Bologna Center. He was a postdoctoral fellow at the University of Chicago in 1956 and a Professor of Economics at the University from 1966 to 1971. His disagreements with Milton Friedman on several policy issues are notable. Mundell was also the Editor of the Journal of Political Economy while at the University. In 1974, Mundell joined the faculty at Columbia University.

To learn more about Robert A. Mundell’s research, publications, and contributions, visit his personal website


Robert A. Mundell – Facts. Nobel Media AB 2021. Mon. 12 Apr 2021. <>.

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