CEPR Research Fellow Philippe Aghion is awarded the Erasmus Medal of the Academia Europaea

Thursday, February 10, 2022

The Erasmus Medal of the Academia Europaea, is awarded to a European scholar who has maintained, over a sustained period of time, an outstanding level of international scholarship as recognised by peers. It is perhaps the highest recognition for purely scholarly achievements that the Academy can bestow. The Medal is awarded at the Annual Conference of the Academy and on that occasion the recipient will give the Annual Erasmus Lecture. An announcement from the committee stated: 

"Throughout his professional life, Professor Philippe Aghion has been affiliated with top academic institutions in Europe and the United States in business and economics. His current appointments include the Collège de France, the London School of Economics, and the INSEAD Business School; he is also an Invited Professor at the Paris School of Economics. He was a Professor at Harvard University, the University College London, Official Fellow at Nuffield College, Oxford, and Assistant Professor at the Massachusetts Institute of Technology. Graduated from the École Normale Supérieure de Cachan, he has a Diplôme d'études approfondies in Mathematical Economics from University of Paris 1 Pantheon-Sorbonne, and a Ph.D. from Harvard University.

He is a truly global giant in his academic field with a strong European basis and worldwide recognition due to an enormous amount of publications in top scientific journals, through widely recognized books and many influential societal policy debates. As one of the world's leading theorists, in his publications he collaborates intensively with the best empirical researchers to deal with pressing challenges of high policy relevance to obtain the strong attention not only from the academic community but also among policymakers and in the wider public.

His major ground-breaking research relates to the economics of growth and contract theory, where he developed with Peter Howitt, Rachel Griffith and others the Schumpeterian Growth paradigm by reviving Schumpeter with sound theoretical considerations and by providing testable implications. Famous books with P. Howitt include Endogenous Growth Theory (MIT Press, 1998) and The Economics of Growth (MIT Press, 2009), and with Rachel Griffith Competition and Growth (MIT Press, 2006). His research is updated in The Power of Creative Destruction (Harvard University Press, 2021; together with Céline Antonin and Simon Bunel) where he discusses strategies to tame capitalism to ensure future innovations and wellbeing. Based on his outstanding reputation, Philippe Aghion has already received a number of awards including the Yrjo Jahnsson Award of the best European economist under age 45 (2001), the John Von Neumann Award (2009), and the BBVA “Frontier of Knowledge Award” (2020 with Peter Howitt).

The committee feel justifiably pleased to award the Academia Europaea Erasmus Medal to Professor Aghion, who continues to demonstrate the very best achievements in scholarship and excellence in his field."

Philippe Aghion is a Research Fellow in CEPR's Development Economics (DE), Macroeconomics and Growth (MG) and Organizational Economics (OE) programmes. He is a Professor at the College de France and at the London School of Economics, and a fellow of the Econometric Society and of the American Academy of Arts and Sciences. In 2001, he received the Yrjo Jahnsson Award for the best European economist under the age of 45, and in 2009 he received the John Von Neumann Award. 

Philippe's CEPR Discussion Papers can be found here, including:

He has also written for VoxEU, including:

Read the full statement from Academy of Europe here