Awarded the 2nd Frontiers of Knowledge Award in Economics, Finance, and Management, economist Andreu Mas-Colell reflects in this interview on the role of microeconomic theory and mathematics in understanding how markets function. Mas-Colell explains how his contributions to general equilibrium, game theory, and allocation analysis have helped structure conceptual tools that are now fundamental to modern economic research. He also emphasizes the importance of integrating mathematical rigor, economic intuition, and conceptual clarity to advance the design of models that allow for a better understanding of the interaction between agents, price formation, and efficiency dynamics in different markets.
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this second edition to Andreu Mas-Colell and Hugo Sonnenschein, for extending the re
Awarded the 2nd Frontiers of Knowledge Award in Economics, Finance, and Management, economist Andreu Mas-Colell reflects in this interview on the role of microeconomic theory and mathematics in understanding how markets function. Mas-Colell explains how his contributions to general equilibrium, game theory, and allocation analysis have helped structure conceptual tools that are now fundamental to modern economic research. He also emphasizes the importance of integrating mathematical rigor, economic intuition, and conceptual clarity to advance the design of models that allow for a better understanding of the interaction between agents, price formation, and efficiency dynamics in different markets.
The BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management category goes in this second edition to Andreu Mas-Colell and Hugo Sonnenschein, for extending the reach and applicability of general equilibrium analysis and for establishing the modern theory of aggregate demand.
00:00 Introduction
00:05 What does this award mean to you?
01:17 What does this award mean in terms of recognizing economics as a scientific discipline?
03:12 The jury highlights your contribution to general equilibrium theory. What do you consider to be the contribution of this theory to economics as a whole?
