Omicron Delta Epsilon

International Honor Society in Economics



Omicron Delta Epsilon, one of the world’s largest academic honor societies with 578 chapters. It was created through the merger of two honor societies, Omicron Delta Gamma and Omicron Chi Epsilon.

Omicron Delta Gamma (The Order of Artus) was founded in 1915 by John R. Commons, University of Wisconsin and Frank Taussig, Harvard University.

Omicron Chi Epsilon was founded in 1955 by Alan A. Brown while he was a student at the City College of New York.

Omicron Delta Epsilon has over 600 chapters located in the United States, Canada, Australia, the United Kingdom, Mexico, Puerto Rico, South Africa, Egypt, and France.


The objectives of Omicron Delta Epsilon are:

  • the recognition of scholastic attainment and the honoring of outstanding achievements in economics;
  • the establishment of closer ties between students and faculty in economics within colleges and universities, and among colleges and universities.
  • the publication of its official journal, The American Economist; and
  • the sponsoring of panels at professional meetings as well as the Irving Fisher and Frank W. Taussig competitions.


Chapter activities vary widely, ranging from invited speakers, group discussions, dinners, meetings, and field trips to special projects such as review sessions and tutoring for students in economics.


  • The Irving Fisher Graduate Article Award pays $500 and provides an opportunity for publication in The American Economist
  • The Frank W. Taussig Undergraduate Article Award pays $500 to the winner and $200 to the winner’s ODE chapter, with the opportunity to publish in The American Economist
  • The Outstanding Student Awards provide recognition to students who assume active leadership roles in their ODE chapters
  • Grants of up to $2000 are available to ODE chapters to develop innovative programs that promote a closer relationship between and among students and faculty in economics
  • Biennially, Omicron Delta Epsilon grants the John R. Commons Award to an outstanding economist in recognition of his or her achievements and service both to the economics profession and to Omicron Delta Epsilon

Admission Requirements

The minimum requirements for admission for undergraduates:

  • current TES member
  • completion of 12 semester hours of economics courses; and
  • attainment of at least a “B” average in economics courses and an overall “B” average in all classes
  • Students do not have to be economics majors, but must have a genuine interest in economics in addition to meeting the above requirements
  • The minimum requirements may be raised by local chapters

Graduate students in Economics are judged solely on their graduate work. They must have:

  • completed one semester of full time work, with
  • attainment of a “B” or better average

No one shall be denied membership because of sex, race, color, creed, or national origin.

A life-membership fee is paid by each prospective member of Omicron Delta Epsilon upon election to the Society. In return, the member receives a membership card, scroll and a year’s subscription (two issues) to The American Economist. The purchase of the official key or pin by the initiates is optional but highly encouraged.