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Nicholas Stern receives the Schumpeter Award 2015 for Innovative Achievements

Lord SternProfessor Lord Nicholas Stern, IG Patel Chair of Economics and Government at LSE and President of the British Academy, today (13 March) received the Joseph A. Schumpeter Award 2015.

The Schumpeter Award is funded by the Helmut Zilk Fund for International Relations of Vienna and is awarded by the Schumpeter Society for innovative achievements in the field of business, economics, or economic policy.

Lord Stern said: "I am extremely honoured to receive the Joseph A. Schumpeter Award. I have been greatly influenced by Schumpeter’s work throughout my career, from when I first studied economics as a student, up to my current time at LSE. Schumpeter himself spent a year at LSE between 1906 and 1907 after completing his studies in law and economics at the University of Vienna. So I hope this award further strengthens the connection between LSE and Vienna."

On presenting the award Andreas Mailath-Pokorny, Vienna‘s Executive City Councillor for Cultural Affairs and Science, said: "This year's award winner, Nicholas Stern, is a renowned economist, and one can say that he has acted also as a researcher on our future. His far-sighted analysis on climate change and the economic consequences of related impacts combine various scientific disciplines to understand the important issue of how humans will live together in the future. His economic analysis always takes environmental and social factors into consideration: that is why he is a very exciting researcher, who creates fascination through his treatment of complexity."

The award was presented to Lord Stern in Vienna at a ceremony held in the Austrian National Bank.