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David Michael Garrood Newbery, CBE, FBA (born 1 June 1943),[2] is a Professor of Applied Economics at the University of Cambridge. He got this position in 1988.[3] He specializes in the field of energy economics, and he writes on the regulation of electricity markets. His interests also include climate change mitigation and environmental policy, privatisation, and risk.[4]

David Newbery
Born (1943-06-01) 1 June 1943 (age 76)[1]
Alma materUniversity of Cambridge
Rufus Pollock
Information at IDEAS / RePEc


Early lifeEdit

Newbery was born on 1 June 1943 at Fulmer Chase, Fulmer, Buckinghamshire, England. He studied at Portsmouth Grammar School from 1954 till 1961, where he won Best Science Candidate in Cambridge GCE A&S Level. He then proceeded to study Mathematics and Economics at Trinity College, Cambridge, obtaining a B.A. in 1964, M.A. (Cantab.) in 1968 and a Ph.D. degree in 1976.[5]


In 1965 he was pre-elected to Churchill Teaching Fellowship. In 1966 he got a position of University Assistant Lecturer at Faculty of Economics. Later he was a Director of Department of Applied Economics from 1988 till 2003. He also served as a Professor II at Tromso University, Norway from 2011 till 2013.

In 1981 Newbery co-authored a book and several articles with Nobel-laureate Joseph Stiglitz. The name of the book was "The Theory of Commodity Price Stabilization: A Study in the Economics of Risk"

Besides his role as Professor of Applied Economics at Cambridge, he serves as Vice-Chairman of Cambridge Economic Policy Associates,[6] Director of the Cambridge Electricity Policy Research Group[7] and an occasional consultant to the World Bank.[8] In 1988–2003 he was Director of the Department of Applied economics. He was a member of the Competition Commission in 1996–2002, and chairman of the Dutch electricity market surveillance committee. He was elected a Fellow of the British Academy[3] in 1991. He is a member of the Academic Panel of DEFRA.[3] Since 1966 he has been a fellow of Churchill College, and succeeded Archie Howie as President of its Senior Combination Room (SCR) in October 2010.[9]


  • Newbery was appointed Commander of the Order of the British Empire (CBE) in the 2012 Birthday Honours for services to economics.[10]
  • He was elected Fellow of Econometric Society in 1989.
  • He was awarded Frisch Medal of the Econometric Society in 1990.
  • He was awarded Harry Johnson Prize by Canadian Economics Association in 1993.
  • He received the IAEE 2002 Outstanding Contributions to the Profession of Energy Economics Award.
  • He got an Honorary Degree at the University of Antwerp in 2004.[11]
  • He was president of International Association of Energy Economics in 2013.

Selected bibliographyEdit


  • Newbery, David M.G.; Stiglitz, Joseph E. (1981). The theory of commodity price stabilization: a study in the economics of risk. Oxford Oxford New York: Clarendon Press Oxford University Press. ISBN 9780198284178.
  • Newbery, David M.G.; Stern, Nicholas (1987). The Theory of taxation for developing countries. New York: Published for the World Bank by Oxford University Press. ISBN 9780195205411.
  • Newbery, David M.G. (1995). Tax and benefit reform in Central and Eastern Europe. London: Centre for Economic Policy Research. ISBN 9781898128199.
  • Newbery, David M. (1999). Privatization, restructuring, and regulation of network utilities. The Walras-Pareto Lectures. Cambridge, Massachusetts: MIT Press.
  • Newbery, David M. (2003). The distributional impact of the proposed tax reform on Greek households.
  • Newbery, David M.G.; Székely, István P. (2008). Hungary: an economy in transition. Cambridge: Cambridge University Press. ISBN 9780521057547.

Journal articlesEdit


  1. ^ "Prof David Newbery, CBE, FBA". Debrett's. Retrieved 12 December 2012.[permanent dead link]
  2. ^ "Newbery, David M. G." Library of Congress. Retrieved 26 October 2014. data sheet (b. 6-1-1943)
  3. ^ a b c Faculty page at University of Cambridge
  4. ^ Blaug, Mark; Vane, Howard R. (2003). Who's Who in Economics. Edward Elgar Publishing. p. 601. ISBN 978-1840649925.
  5. ^ David Michael Garrood Newbery[permanent dead link]
  6. ^ CEPA
  7. ^ "Electricity Policy Research Group profile". Archived from the original on 7 January 2009. Retrieved 3 April 2009. Cite uses deprecated parameter |dead-url= (help)
  8. ^ Profile at EE Institute
  9. ^ Churchill College SCR
  10. ^ "No. 60173". The London Gazette (Supplement). 16 June 2012. p. 8.
  11. ^ David Michael Garrood Newbery[permanent dead link]