CALIFORNIA BRIEFING / WESTWOOD
- Share via
UCLA economics professor Arnold C. Harberger was awarded a $250,000 prize from the Lynde and Harry Bradley Foundation in recognition of his work in aiding market reforms in Latin America and other parts of the developing world, officials said Wednesday.
Harberger, 84, has taught at UCLA since 1984. He will receive the award at a Washington ceremony in June.
The conservative Milwaukee-based foundation says it is devoted to strengthening American democracy and free enterprise. The late Bradley brothers were successful businessmen in electric components and motors.
Harberger, who is also affiliated with the University of Chicago, has worked with the United States Agency for International Development from its inception in 1961. He has helped train economic leaders around the world and has served as the agency’s chief economic advisor since 2006. In a telephone interview Wednesday, he said he plans to visit Ghana in June for the agency.
Asked whether he plans to spend his award on any indulgences, the professor said: “Oh my goodness, I don’t think I’m going to buy any special things. In these perilous times, it helps to restore the portfolio.”
-- Larry Gordon
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
