Director, Center on Capitalism and Society, Columbia University, and Dean, New Huadu Business School, China and Switzerland. Work can be seen as a programme to put people back into economic models despite their incomplete information and imperfect knowledge. Applies this perspective to unemployment, business swings, inclusion and economic dynamism. New book, Mass Flourishing, credits the growth of productivity and human flourishing that sprouted up in the West over the 19th century to indigenous innovation in the business sector sparked by new social values. Honours include: China's Friendship Award (2014); International Federation of Finance Museums' Lifetime Contribution Award (2015); Nobel Laureate in Economics (2006).