Lord Nicholas Stern, IG Patel Professor of Economics and Government at LSE was made a Companion of Honour in a ceremony at Buckingham Palace on Thursday 16 November.
A prestigious award granted to only 65 people at a time, the Order of the Companions of Honour is for conspicuous service of national importance and recognises an individual’s major contribution to the arts, science, medicine, or government over their lifetime. Professor Lord Stern was given the title in recognition of his contributions to economics, international relations and tackling climate change.
Only three other academic economists have ever been made a Companion of Honour – Friedrich Hayek, Lionel Robbins and most recently Amartya Sen - all former professors at LSE.
Commenting at the time the award was announced, Professor Lord Stern said he was, “delighted and deeply honoured.”
Dame Minouche Shafik, Director of LSE, said: “Many congratulations to Nick on this outstanding achievement. The fact he is only the fourth academic economist to ever be made a Companion of Honour speaks to the high esteem in which he is held, and the enormous impact he has had throughout his career. He has contributed on so many fronts ranging from cutting edge research to the front-lines of policy making, to teaching generations of students (including me) who are in his debt.”
In addition to the IG Patel Professorship, Professor Lord Stern is Chair of the Grantham Research Institute at LSE and served as the President of the British Academy from 2013 to 2017. Among the many distinguished roles in his career, Professor Stern was previously Chief Economist at the World Bank and headed the landmark Stern Review on the Economics of Climate Change, which was published in 2006.
He was knighted for services to economics in 2004 and made a cross-bench life peer as Baron Stern of Brentford in 2007.