Robert Mundell, the McVicker Professor of Political Economy at Columbia University, was recognized by the Royal Swedish Academy of Sciences with the 1999 Nobel Memorial Prize in Economics. Congratulations are certainly due, for he has had a long and distinguished career. Mundell received his doctorate from the Massachusetts Institute of Technology in 1956. Since then he has held numerous faculty appointments including positions at the University of British Columbia, Stanford University, the University of Chicago, the University of Waterloo and, from 1974, Columbia University. In addition, he has served on the staff of, or as an advisor to, numerous international organizations and governments, including the International Monetary Fund, the United Nations, the World Bank, the Federal Reserve Board, the US Treasury and the Canadian government.