KHAS Economics – Contemporary Debates: Prof. Lisa Herzog

Prof. Lisa Herzog from University of Groningen will be the next guest of Contemporary Debates, organized by Kadir Has University Department of Economics, with her speech “Are financial markets epistemically efficient?” on April 20, at 6 pm. 

Register in advance for this meeting. Click to fill the REGISTRATION FORM.

Abstract: In this talk, I discuss the idea that financial markets can serve as “mirrors” of the real economy – a claim that follows from a certain understanding of the “Efficient Market Hypothesis” and that has been used to justify the central place of finance in capitalist economists. I discuss both internal obstacles to epistemic efficiency, as they are discussed by behavioral economists and economic sociologists, and external factors of distortions that undermine the claim that financial markets give us an unbiased picture of how “the economy” is doing.

About the Speaker: Lisa Herzog works at the intersection of political philosophy and economic thought. Between 2016 and 2019, she was professor for political philosophy and theory at the Technical University of Munich, since 2019 she works at the Faculty of Philosophy and the Center for Philosophy, Politics and Economics of the University of Groningen. She holds a master (Diplom) in economics from LMU Munich, and an M.St. in Philosophy and D.Phil. in Political Theory from the University of Oxford. She has worked at, or visited, the universities of St. Gallen (CH), Leuven (BE), Frankfurt/Main (D), Utrecht (NL), and Stanford (US). She was a Rhodes Scholar (2007-2011), and in 2019, she received the Tractatus-Preis and the German Award for Philosophy and Social Ethics. Herzog has published on the philosophical dimensions of markets (both historically and systemically), liberalism and social justice, ethics in organizations and the future of work. The current focus of her work are workplace democracy, professional ethics, and the role of knowledge in democracies. 

This event series is organized by Asst. Prof. Gözde Çörekçioğlu İshakoğlu and Asst. Prof. Ulaş Karakoç.