Dr. Edmund PhelpsEdmund Phelps, Nobel prize in Economics in 2006, warned during his admission as honorary academician of the Royal European Academy of Doctors-Barcelona 1914 (RAED), held on May 19 in Barcelona, ​​on the risks of a Europe “without ideas, initiative and aged” in a global and dynamic market “where it loses ground by leaps and bounds”. “Europe today is sick -said the new academician-, and the United States that Trump promotes are going along the same lines, we need to be curious again, to experiment and risk in a market where others don’t stop. Betting on Innovation”.

Phelps was received on behalf of the RAED by the full academician María José Esteban. The event was sponsored by the Cajasol Foundation and its president and also RAED academician, Antonio Pulido, co-chaired the session with the president of the Royal Academy, Alfredo Rocafort.

Doctor from Yale University, Phelps was awarded the Nobel Prize for his analysis of international trade offs in macroeconomic policies. He is currently a professor at Columbia University, where he runs the Center on capitalism and society.