The world’s economists were challenged to answer the question of how to manage the orderly exit of one or more member states from the European Monetary Union by a new Economics Prize worth £250,000 (€286,000) launched on 19th October, 2011.
The prize is targeted at top academic economists from around the world by Policy Exchange, the London-based think-tank. Neil O’Brien, Director of Policy Exchange, said:-
“The Wolfson Economics Prize is an exciting and important academic project. The Prize will help answer some of the many important - yet unanswered - questions from over a decade ago when the EMU was first set up. While there’s been a lot of speculation about countries leaving the euro, there has been too little detailed research on the many complex questions this would raise.”
It is funded by Lord Wolfson of Aspley Guise, who is sponsoring the prize
Lord Wolfson said:
“The stakes are enormous. The future of the world economy will, in large part, be governed by what happens over the next few years in Europe. I, along with most European businessmen, hope that the Eurozone will stabilise, but in the event it does not Europe must not sleepwalk into a policy vacuum. This prize aims to incentivise the world’s brightest economic minds to help fill that policy void: their endeavours may well prevent Europe from descending into a financial chaos that would destroy savings, jobs, and social cohesion".
The deadline for submissions will be January 31st, 2012. Entrants will be judged by a panel of leading academic economists.
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Comment Yetu: Si tunasubiri kwa hamu kama Wachumi wetu wa Kiafrika watajitokeza kuisevu Europe !!! Maprofesa wa kibongo nao watakuwepo katika shindano hili ??
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