The Economy as an Interactive Information System

Mar 22, 2012
Kenneth Arrow, Barcelona GSE Lecture

"The Economy as an Interactive Information System"

The XXIII Barcelona GSE Lecture, "The Economy as an Interactive Information System," was presented by Prof. Kenneth J. Arrow (Stanford University) on March 22, 2012 at Banc Sabadell Auditorium in Barcelona. In his lecture, Prof. Arrow offered observations on the role of information in the creation of economic theories, models and forecasts.

A Nobel laureate in Economics (1972), Prof. Arrow was in Barcelona to participate in the biennial meeting of the Barcelona GSE Scientific Council.

Watch Q&A with Kenneth Arrow

Lecture recap and highlights

About our speaker

Kenneth J. Arrow (PhD, Columbia University) is Professor of Economics (Emeritus) at Stanford University. He shared the Nobel Memorial Prize in Economics with John Hicks in 1972. He is a Fellow of the American Academy of Arts and Sciences and a recipient of the National Medal of Science. He is a member of the Barcelona GSE Scientific Council.

His most significant works are his contributions to social choice theory, notably "Arrow's impossibility theorem," and his work on general equilibrium analysis. He has also provided foundational work in many other areas of economics, including endogenous growth theory and the economics of information.