NEWS
ICU Visiting Professor Katsuhito Iwai Honored as Person of Cultural Merit
Update: October 28, 2016
This year's Order of Cultural Merit recipients and Persons of Cultural Merit were announced on October 28 (Fri.), and ICU Visiting Professor Katsuhito Iwai was selected for the distinction of Bunkakorosha (Person of Cultural Merit).
Professor Iwai was appointed by ICU as a Visiting Professor in April 2010, and teaches classes in his specialized fields of economics, business and law, including Capitalism and Society, Business and Society in Japan, and Intermediate Macroeconomics.
He has a distinguished record of achievement in the field of economics, having contributed to the development of disequilibrium dynamics and Schumpeterian dynamics, formulated the theory of money, and advanced original theories of firms, corporations and fiduciary relationships, beyond the parameters of conventional thinking in economics and other social sciences. He has also written essays and books on capitalism, civil society, literature and arts.
He won the 1982 Grand Prix in the Nikkei Prize for Excellent Books in Economic Science for his book Disequilibrium Dynamics: A Theoretical Analysis of Inflation and Unemployment, the 1993 Suntory Academic Award for his book Ontology of Money (Kahei Ron), and the 2003 Kobayashi Hideo Award for his book Kaisha wa korekara do naru no ka (What will become of the corporation?). In 2007 he was awarded the Government of Japan Purple Ribbon Medal for academic distinction, and in 2015 he was selected as a member of the Japan Academy.
Comment by Professor Iwai
I am utterly amazed, and grateful for the generosity of Japanese society, which has seen fit to bestow such an honor on me who has engaged in research outside the mainstream of economics scholarship. This distinction has inspired me to once again squarely consider what I can achieve in the time remaining to me.