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From 1994 until late 1999, Mr. Stern was Chief Economist at European Bank for Reconstruction and Development where he was also Special Counselor to the President.

Before 1994 his career was mostly in academic life. He was appointed to a Chair (subsequently the Sir John Hicks Chair in Economics) at the London School of Economics (LSE) in 1986, and returned to the LSE as School Professor at the beginning of 2000. He was Chairman of the Suntory-Toyota Centre for Economics and Related Disciplines at the LSE from 1987 to 1993. He has taught and researched at many places, including Oxford and Warwick universities, the Massachusetts Institute of Technology, the Ecole Polytechnique in Paris, the Indian Statistical Institutes in Bangalore and Delhi, and the People's University of China in Beijing.

His research and publications have focused on economic development and growth, economic theory, tax reform, public policy and the role of the state, economies in transition, and crime and criminal statistics. For more than 25 years he has been studying the economy and society of Palanpur, a village in northern India, where he lived for eight months in 1974-75. His work in Palanpur has been published in "Economic Development in Palanpur Over Five Decades (co-edited with Peter Lanjouw). His most recent book is “A Strategy for Development”.

Mr. Stern received his B.A. degree from Cambridge and his doctorate from Oxford. He was elected to a Fellowship of the Econometric Society in 1978 (and is currently a Member of Council), to a Fellowship of the British Academy in July 1993, and to a Foreign Honorary Membership of the American Academy of Arts and Sciences in 1998. He has also served extensively as an economic advisor to businesses, governments, and international institutions.

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