Donald B. Wallace '24, instructor and tutor in the Department of Economics, has been awarded the David A. Wells Prize in Economics, it was announced yesterday by Harold B. Burbank, David A. Wells professor of Political Economy.

The prize, a cash award of $500, is given annually to a student or recent graduate of Harvard for the best thesis embodying the results of original investigation in economics. The subject of Mr. Wallace's thesis was "Market Control in the Aluminum Industry."

Graduated from Harvard in 1924, Mr. Wallace obtained his M.A. in 1928. In 1931 he was awarded his Ph.D. and the following year he studied in Germany under a Social Science Research Fellowship.