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).
Their work and discoveries range from how cells adapt to changes in levels of oxygen to our ability to fight global poverty.
See them all presented here.