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‘Creating a learning society’: Professor Joseph E. Stiglitz awarded honorary professorship from HEC Paris

19 January 2015

Professor Joseph E. Stiglitz, recipient of the 2001 Nobel Prize in Economics, winner of the John Bates Clark Medal and Officer in the French Legion of Honor, has been awarded the title of HEC Professor Honoris Causa at a special ceremony held at HEC Paris.

Stiglitz, a former senior vice president and chief economist of the World Bank, chairman of the Council of Economic Advisers and founder of the Initiative for Policy Dialogue, was honored for his work investigating the circumstances in which markets operate inefficiently, and the role of government intervention in improving the performance of markets.

After graduating from Amherst College and MIT, Stiglitz taught at Yale, Stanford, MIT and Oxford. He is now University Professor at Columbia University, and joins a group of honorary HEC professors including fellow Nobel laureates Robert C. Merton (Economics 1997), Robert F. Engle (Economics 2003) and Muhammad Yunus (Peace 2006), Fields Medalist Cédric Villani and former Minister of Justice Robert Badinter, among others.

Before being presented with the award, Prof Stiglitz addressed students and faculty on the topic of ‘Creating a learning society: a new approach to growth, development, and social progress.’ He noted: "In order to generate new growth for their economies, developed countries will need to focus on education. They will need to move away from traditional schooling, and shift the focus to ‘learning to learn’ and continuing education." He further expanded on the role of technology: "Changes in technology—such as MOOCs—are currently allowing changes in learning of unforeseen magnitude."

The ceremony was hosted by Bernard Ramanantsoa, Dean of HEC Paris, Pierre Dussauge, Dean of Faculty and Research, and Tomasz Michalski, Associate Professor in Economics and Decision Science.

About HEC Paris

Specializing in management education and research, HEC Paris offers a complete and unique range of educational programs for the leaders of tomorrow: Masters programs, MBAs, PhDs, Executive MBAs, TRIUM Global Executive MBAs, and open-enrolment and custom executive education programs.
Founded in 1881 by the Paris Chamber of Commerce and Industry, HEC is itself a founding member of ParisTech and Université Paris Saclay. It boasts a permanent faculty of 110 professors, more than 4,000 students and over 8,500 managers and executives in training each year.

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