János Kornai, Allie S. Freed Professor of Economics Emeritus in the Department of Economics, was awarded the Leontief Medal, given annually to several Russian economists and one international economist for contributions to the field of economics.

Kornai traveled to St. Petersburg, Russia, to receive the Leontief Medal, named after Nobel laureate Wassily Leontief, the creator of input-output analysis. At the Feb. 13 ceremony, Kornai was praised for his book “Economics of Shortage” (1980), which “opened the eyes of Russian economists.”