25 de febr. 2017

Kenneth J. Arrow the "Albert Einstein of economics"


In October 29th of 1990, Kenneth J. Arrow was invited to give the opening lecture ("Exellence and Equality in Education") in the Economics Faculty at the Pompeu Fabra University founded the same year by the Government of Catalonia. He came to Barcelona with with wife Selma Schweitzer. 

A group of Ph.D students organized a route in Barcelona with them. First we went to visit La Pedrera and then we went to have lunch in Els 4 Gats.

For us, a group of 23 years old, recently graduated economists were a great pleasure and an honour to stay with them.

Kenneth J. Arrow is considered one of the most important economists in economic theory .

Ramon Marimon first dean of the Economics Faculty in 1990 has said about him: "Ken Arrow also pioneered endogenous growth theory by showing how far countries can go by the simple process of ‘learning by doing,’ but now I realize he was referring to his own life…he really did an incredible lot!

As Andreu Mas-Colell said "The surprising thing about him is that he only got one Nobel Prize".

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