Known as one of the primary architects of the Black-Scholes model, Myron S. Scholes applied his love of economic research to developing a fundamental tool of valuation that would become the standard in financial markets around the world. Together with fellow pioneers Fischer Black and Robert C....

It is unclear whether the hierarchy in the economics profession is the result of the agglomeration of excellence or of nepotism. I construct the professor-student network for laureates of and candidates for the Nobel Prize in Economics. I study the effect of proximity to previous Nobelists on...