The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997
Robert C. Merton, Myron S. Scholes
Interview with Professor Robert C. Merton at the 1st Meeting of Laureates in Economic Sciences in Lindau, Germany, September 1-4, 2004. Interviewer is freelance journalist Marika Griehsel.
Professor Merton talks about household economics in the future, the role of the financial institutions (5:07), childhood and studies (8:54), influence of his parents (13:25), about being awarded the Economics Prize (15:54), how to transfer theory into daily life (17:34), gives advise to students (22:10) and talks about new financial technologies in the developing countries (28:15).