The late Michael Smith of UBC is famous as a British Columbian who has won a Nobel Prize--but he's not the sole recipient.

Born in Kingston, Ontario in 1932, Robert Mundell attended high school in Maple Ridge, B.C., graduating in the class of '49. He was awarded the Nobel Prize in economics in 1999 while residing in New York City. Mundell earned his B.A. from the University of British Columbia in 1953 and a Ph.D from the Massachusetts Institute of Technology in 1956. At age 29, he became the chief international economist for the International Monetary Fund. He received the Nobel Prize for his work about exchange rates and international trade, anticipating globalization. His ideas have been credited as one of the sources for the creation of the common European currency, the Euro. Mundell remains a Canadian citizen and credits his upbringing in smalltown Ontario and British Columbia for some of his early insights. In Maple Ridge, he saw how vulnerable a regional economy was to international developments. "Coming from a small country, open to trade, gave me a perspective on the international economy that people who live in large economies don't have," he told MacLean's Magazine. Mundell teaches economics at Columbia University in New York.


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Inflation and Gold in the History of the International Monetary System. World Gold Council. 1999 (forthcoming).

The Euro and the World Economy. Ohlin Lectures (September 16-17, 1998). 1999

[Alan Twigg / BCBW 2003] "Economics" "Nobel"