Feldstein has received honorary doctorates from several universities and is an Honorary Fellow of Nuffield College, Oxford. In 1977, he was awarded the AEA's John Bates Clark Medal, a prize given every two years to an economist under the age of 40 who is judged to have made the greatest contribution to economic science.
Feldstein is internationally recognized for his contributions to economic thought. For the past quarter century, he has been an authoritative voice in the intellectual defense of free markets. A central insight of Feldstein's scholarship is that individuals respond in predictable ways to economic incentives. That lesson has stimulated his innovative research on tax policy, Social Security, health economics, and international finance. It also informs his current inquiries into the economics of terrorism and national security.
An influential teacher, Feldstein has inspired a generation of young economists who have themselves shaped and defined government policy supportive of economic growth and prosperity. He is the author of more than 300 research articles in professional journals and the business press. Feldstein is also a regular contributor to The Wall Street Journal