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News
Robert J. Aumann, Nobel Prize winner for Economy in 2005, has insisted in Barcelona today that the candidates to the Presidency of the Spanish Government undertake a serious policy of tax reduction to take Spain out of the crisis and to generate employment. “To reduce taxes is not a neo-liberal mandate, it goes much further than any policy, it is pure logic – stated Aumann-; if you increase taxes you encourage tax payers to cheat and to reduce their tax paying activities. If you lower taxes, you favour tax collection and end up by collecting more”. Aumann made these statements prior to his induction as Corresponding Member for Israel of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF).
Alfredo Rocafort, Academician and Secretary of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) was invested “Chevalier” of the “Confrérie de Tastevins de Clos de Vougeot” on last November 5. The Solemn Session took place at the Castle of Clos de Vougeot, in the Bourgogne, headquarters of the Confrérie.
The President of Romania, Traian Basescu, awarded the National Order of Merit with the rank of Commander to the President of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) Jaime Gil Aluja for the support for the introduction of a new economic thought in the country and his studies for easing the incorporation of Romania into the European Union, and to academician José Casajuana Gibert for his work in the organisation of the International Seminar “Penser l’Europe” which the RACEF and the Romanian Academy organise in Bucharest with the French Institute, the French Institute of International Relations and the Royal Academy of French Language and Literatures of Belgium.
Nobel Prize winners and Corresponding Members of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF) Finn E. Kydland and Eric Maskin have suggested to the European Union that a single authority should regulate the fiscal and budgetary policies of member states, as occurs with the monetary policies. Kydland and Maskin made these statements at the International Congress Salamanca Social Sciences Festival (S3F) which was held between the 6th and the 9th of October.
Isidro Fainé, academician of the Real Academia de Ciencias Económicas y Financieras of Spain (RACEF), was distinguished by Fomento del Trabajo (Spanish employer's association) as Businessman of the Year awarding him the Medal of Honour in recognition of his key role in the process of restructuring the savings bank sector and for being responsible for the reorganisation of the la Caixa group and the birth of CaixaBank, the third in ranking of Spanish banks.
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