Monday, July 16, 2018

Robert Shiller prize from Kiel Institute

Robert Shiller has just received the Global Economy Prize at the Kiel Institute for the World Economy in Kiel, Germany, on June 17, 2018.

The award, presented by the Kiel Institute for the World Economy, the city of Kiel, and the Schleswig-Holstein Chamber of Commerce, “is meant to honor those who have proposed creative, pathbreaking initiatives to deal with globalization and who dare envision a more wholesome future by addressing the global problems of our time.”

The institute said that Shiller “is known for challenging and refuting the conventional view in economics of rational investors and efficient markets that are self-correcting and always return to equilibrium.”