page_title: MIT Sloan School of Management
section_title: Faculty
hierarchical_section_title: MIT Sloan School of Management / Faculty
caption_attribution_description: English: Ford/MIT Nobel Laureate Lecture Series on September 18, 2000 in Kresge Auditorium at the Massachusetts Institute of Technology, Cambridge, Massachusetts, USA. Shown are (from left to right) Franco Modigliani, Paul Samuelson, and Robert Solow.
context_page_description: The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts, United States.
  MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world.
  MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.
context_section_description: Deans
  Erwin Schell, 1930–1951
  Edward Pennell Brooks, 1951–1959
  Howard W. Johnson, 1959–1966
  William F. Pounds, 1966–1980
  Abraham Siegel, 1980–1987
  Lester Thurow, 1987–1993
  Glen L. Urban, 1993–1998
  Richard L. Schmalensee, 1998–2007
  David Schmittlein, 2007–present
  Notable current and former faculty
  Dan Ariely, author, Predictably Irrational
  Richard Beckhard, pioneer in organizational studies
  Warren Bennis, pioneer in leadership studies
  Fischer Black, co-inventor, Black–Scholes model
  Lael Brainard, Under Secretary, US Treasury
  Erik Brynjolfsson, director, MIT Center for Digital Business
  Randolph Cohen, leading expert on financial economics
  Paul Cootner, co-inventor, random walk hypothesis
  John C. Cox, co-inventor, binomial options pricing model
  Donald W. Davis, former CEO, Stanley Black & Decker
  John J. Donovan, founder, Cambridge Technology Partners
  Rudi Dornbusch, inventor, overshooting model
  Stanley Fischer, 8th Governor, Bank of Israel
  Jay Wright Forrester, founder, system dynamics
  Michael Hammer, inventor, business process reengineering
  John R. Hauser, co-founder, marketing science
  Jerry A. Hausman, 1985 John Bates Clark Medal recipient
  Bengt R. Holmström, 2016 Nobel laureate in economics
  Thomas Kochan, leading expert on industrial relations
  Simon Johnson, former Chief Economist, IMF
  S. P. Kothari, editor, Journal of Accounting and Economics
  John Little, co-founder, marketing science
  Andrew Lo, inventor, adaptive market hypothesis
  Peter Lorange, former president, IMD
  Stuart Madnick, inventor, Little Man Computer model
  Thomas W. Malone, co-founder, We Are Smarter Than Me
  Andrew McAfee, co-director, MIT Initiative on the Digital Economy
  Robert C. Merton, 1997 Nobel laureate in economics
  Douglas McGregor, inventor, Theory X and Theory Y
  Franco Modigliani, 1985 Nobel laureate in economics
  Kenneth Morse, co-founder, 3Com
  Stewart Myers, inventor, real options valuation
  Athanasios Orphanides, 5th Governor, Central Bank of Cyprus
  Wanda Orlikowski, leading expert on structuration theory
  Stephen Ross, inventor, arbitrage pricing theory
  Paul Samuelson, first American Nobel laureate in economics
  Edgar Schein, coiner of the term corporate culture
  Myron S. Scholes, 1997 Nobel laureate in economics
  Peter Senge, author, The Fifth Discipline
  George P. Shultz, 60th United States Secretary of State
  Robert Solow, 1987 Nobel laureate in economics
  John Sterman, leading expert on system dynamics
  Richard Thaler, inventor, endowment effect
  Eric von Hippel, leading expert on user innovation
  Jack Welch, former CEO, General Electric
  Birger Wernerfelt, leading expert on organizational studies
caption: Nobel Laureates Franco Modigliani, Paul Samuelson and Robert Solow in 2000
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