First China Economics Prize Awarded to
Chenggang Xu and Yingyi Qian
Chenggang Xu, Coase Institute Board and faculty member, has been awarded the first China Economics Prize, jointly with Yingyi Qian (also Coase faculty). This major new prize was created by the Contemporary Economics Foundation in Beijing to recognize Chinese scholars who have made outstanding contributions in the field of economics.
The inaugural prize honors Xu’s and Qian’s research on government and enterprise incentive mechanisms for the transition economy of China. The two scholars will also share a monetary award of 2 million yuan. Chenggang Xu is currently at the Cheung Kong Graduate School of Business and Yingyi Qian is at Tsinghua University, both in Beijing.
In Memoriam: Kenneth Arrow, 1921-2017
Kenneth Arrow passed away on February 21, 2017 in Stanford, California. We have lost a brilliant economist, a generous member of our board, and a cherished friend.
Elinor Ostrom: An Intellectual Biography by Vlad Tarko has just been published by Rowman & LIttlefield International. A Nobel laureate in economics and a leader in new institutional economics and public choice, Elinor Ostrom served on the board and faculty of the Ronald Coase Institute. See details and an overview of the book.
One of the founders of modern economics, he received the Nobel prize in economics – the youngest recipient ever of this prize - for his pioneering contributions to general economic equilibruum theory and welfare theory. His interests were broad and deep. His dissertation Social Choice and Individual Values presented his impossibility theorem: that no system of voting can perfectly reflect the public’s will if three or more alternatives are being considered.
Kenneth Arrow served on the board of the Coase Institute from 2005 until his death and participated in many activities of the Institute. He was deeply interested in the progress of young scholars around the world.
He will be profoundly missed.
Arrow's talks at 2015 Washington conference:
|Future directions of research in the Coasean tradition|
The Elgar Companion to Ronald Coase, edited by Claude Menard and Elodie Bertrand, has recently been published by Elgar Press. The volume includes essays by 30 authors assessing the impact of Ronald Coase's work and the inspiration researchers and policy makers find in his contributions. See details.
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