Prof Avinash Dixit, Distinguished Adjunct Professor of the Department of Economics, received the Padma Vibhushan, the second highest civilian award of the Republic of India this year. The award is given to individuals for their exceptional and distinguished service to India in different aspects.
Prof Dixit was appointed Distinguished Adjunct Professor of Economics at Lingnan University since May 2009. He has made major contributions to a range of fields of economics including microeconomics, macroeconomics, international economics and finance (investment under uncertainty). His path-breaking work in international trade in the late 1970s provided a framework that encompassed and unified the two rival mainstream schools of thought in political economy founded by Adam Smith and John Maynard Keynes, directly contributing to the synthesis and foundation for modern macroeconomics. Prof Dixit has been President of the two most important economics organizations in the world: the Econometric Society (President 2001) and the American Economic Association (President 2008).