The 2017 Yrjö Jahnsson Award Committee
has decided to award twodeserving economists with this prize
for 2017. Professor Ran Spiegler (School of Economics, Tel Aviv University and Department of Economics,
University College London) is awarded the prize for his important contributions to economic theory
and bounded rationality. His investigation of new behavioral models has
important implications for our understanding of industrial organization and
UCL Department of Economics Senior Lecturer Beatriz Armendáriz has collaborated with Felipe Larrain B. to produce this publication which studies the historical roots of Latin America’s contemporary economic and social development, focusing on poverty and income inequality dating back to colonial times.