Congratulations are in order to New School for Social Research Economics professor Duncan Foley, who was recently awarded the 2017 Guggenheim Prize in Economics.
According to Research Matters, Professor Foley’s award comes in response to “his numerous papers on topics as diverse as the economics of climate change, financialization and the information economy, and the labor theory of value. His most recent book, Adam’s Fallacy, (Harvard) presses back against a fundamental assumption at the heart of orthodox economics: that the “economic sphere […] in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome,” can be separated from the rest of social life”