Nobel Laureates Eric Maskin and Edmund Phelps will discuss their views on the institutional and economic conditions required to not only support an economic recovery within the United States, but to ensure lasting growth on sound principles of innovation and dynamism. How will such dynamism be achieved? How do institutions need to behave differently in order to allow new economies to emerge?
Matthew Bishop is the U.S. business editor and New York bureau chief of The Economist. His new book, The Road from Ruin: How to Renew Capitalism and Put America Back on Top, with Michael Green, was published by Crown in February 2010. Philanthrocapitalism, his previous book (also with Mr. Green) was on the global revolution under way in philanthropy. Mr. Bishop is also the author of Essential Economics, The Economist's official layperson's guide to economics.
Dr. Eric Maskin
Eric Maskin received the 2007 Nobel Memorial Prize in Economics (with L. Hurwicz and R. Myerson) for laying the foundations of mechanism design theory. He has also made contributions to game theory, contract theory, social choice theory, political economy, and other areas of economics.
He received his A.B. and Ph.D. from Harvard and was a postdoctoral fellow at Cambridge University. He was a faculty member at MIT from 1977-1984, Harvard from 1985-2000, and the Institute for Advanced Study from 2000-2011. He rejoined the Harvard faculty in 2012.
He is a member of the National Academy of Sciences, and a fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, the European Economic Association, the Royal Spanish Academy of Economics and Finance, and the Society for the Advancement of Economic Theory. He is an honorary fellow of St John’s College, Cambridge and Jesus College, Cambridge. He is an honorary professor of four universities and the recipient of six honorary doctorates. Among other prizes, he has received the Kempe Award in environmental economics, the EFR-Business Week Award, the Harvard Centennial Medal, and the Cristobal Gabarron Foundation International Award in Economics.
He has served as editor of the Quarterly Journal of Economics, Economics Letters, and the Economic Theory Series (World Scientific Publishing) and as associate or advisory editor of several other journals. He is a past president of the Econometric Society and the current president of the Game Theory Society. He is the director of the Jerusalem School in Economic Theory.
Dr. Edmund Phelps
Professor Edmund Phelps, born in 1933 in Evanston, grew up in Hastings on-Hudson. He earned his B.A. from Amherst (1955) and his Ph.D. from Yale (1959). He is McVickar Professor of Political Economy at Columbia University, Director of Columbia’s Center on Capitalism and Society, and winner of the 2006 Nobel Prize in Economics.
Professor Phelps’s work can be seen as a program to put “people as we know them” back into economic models – accounting for the incompleteness of their information and studying the effects of their expectations on the market. He applies this perspective in studying unemployment and inclusion, economic growth, business swings and dynamism.
He holds many honorary doctorates and professorships. Professor Phelps is a Fellow of the National Academy of Science and a Distinguished Fellow of the American Economic Association, and in 2001 a Festschrift conference was held in his honor. In 2008 he was named Chevalier de la Légion d’Honneur and awarded the Premio Pico della Mirandola and the Kiel Global Economy Prize. The same year the UBA Law School established the Catedra Phelps. In 2010 he was appointed President-Dean of New Huadu Business School at Minjiang University in Fuzhou and awarded an honorary doctorate degree by the Université libre de Bruxelles. In 2011, Professor Phelps received the Louise Blouin Creative Leadership Award and was named a Full Foreign Member of the Russian Academy of Sciences.