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Alibaba Announced the Founding of the Luohan Academy for the Study of Human Society

By ESC Editorial Team, about 1 year ago Business
Alibaba Announced the Founding of the Luohan Academy for the Study of Human Society

The Luohan Academy, a research facility, was founded in Hangzhou on June 26th. This institution was founded by Alibaba and initiated by top scientists in many fields such as global sociology, economics, and psychology. It is dedicated to the research project of the revolutions in social and economic patterns accompanied by technological innovations.


Jack Ma, Executive Chairman of Alibaba Group, said that Luohan Academy was not founded for Alibaba, but serves the world through the accumulated opinions, research reports and achievements.


"The rapid progress of science and technology has changed every aspect of human society", said Jack Ma and went on to talk about the original intention of founding the Luohan Academy, "While enjoying the benefits of technology, we need to understand the challenges that science and technology bring to our society and think about solutions. As a technology company, Alibaba has a responsibility to do everything it can to investigate how society can adapt to technological advances and overcome the challenges it poses. This is also our original intention to start the Luohan Academy.”


In October 2017, Alibaba founded the DAMO Academy and announced the investment of RMB¥100 billion in three years to explore cutting-edge technology. However, rapid technological progress comes with revolutions in various areas such as economic and social forms, social governance and people’s lifestyles. How should every aspect of society predict, accept and adapt these revolutions? Luohan Academy will research these projects. "Simply put, the DAMO Academy explores the advanced productive forces that solve future problems. The Luohan Academy studies the resulting productive relationships.” said Professor Long Chen, who is responsible for the Luohan Academy.


According to the first published list of scientists, the academic committee of the Luohan Academy consists of 15 members, mainly economists, including 6 Nobel Memorial Prize of Economics Laureates:


Here are fifteen members of the Luohan Academy, in no particular order.


Bengt Holmström
Paul A. Samuelson Professor of Economics at the Massachusetts Institute of Technology (MIT), Fellow of the American Academy of Arts and Sciences, and one of the Founders of Contract Theory. Together with Oliver Hart, he received the Nobel Memorial Prize in Economic Sciences in 2016.


Lars Peter Hansen
David Rockefeller Distinguished Service Professor of Economics at the University of Chicago, 2013 Nobel Memorial Prize in Economics.


Alvin E. Roth
Gund Professor of economics and business administration emeritus at Harvard University, Fellow of the American Academy of Arts and Sciences, and president of the American Economic Association in 2017. 2012 Nobel Memorial Prize in Economics jointly with Lloyd Shapley.


Christopher A. Pissarides

School Professor of Economics and Political Science and Regius Professor of Economics at the London School of Economics, Fellow of the British Academy, 2010 Nobel Memorial Prize in Economics, jointly with Peter A. Diamond and Dale Mortensen for their “Outstanding Contribution to Market Search Theory and Macroeconomics”.

Michael Spence
Fellow of the American Academy of Social Sciences, 2001 Nobel Memorial Prize in Economic Sciences, jointly with George Akerlof and Joseph E. Stiglitz. In 2017, his "Medium and Long Term Development and Transformation of the Chinese Economy: an International Perspective " won the 17th Sun Yefang Economic Science Award.


Thomas Sargent
W.R. Berkley Professor of Economics and Business at New York University, Nobel Memorial Prize in 2011 together with Christopher A. Sims for their research “on cause and effect in the macroeconomy”.


Patrick Bolton
David Zalaznick Professor of Business at Columbia Business School, Member of the American Academy of Arts and Sciences, Member of the British Academy, Member of the American Financial Institute.


Markus Brunnermeier
Director of the Bendheim Center for Finance at Princeton University, Member of the National Bureau of Economic Research (an American private nonprofit research organization) and the Centre for Economic Policy Research in London. He is the author of several books on the financial crisis and monetary policy.


Preston McAfee
Former Strategic Technology Director at Google, Chief Economist and Corp VP at Microsoft, Concentrated on microeconomics and industrial organization, and more recently researched microeconomics and computer science. Won the Golden Goose Award for his work with auction design in 2014.


Yingyi Qian
Dean of School of Economics and Management, Tsinghua University, 2012 Fellow of the Econometric Society, 2018 Distinguished Professor of Arts, Humanities and Social Sciences at Tsinghua University, 2009 Sun Yefang Economic Science Award Winner, and in 2016 the first recipient of the China Economics Prize.


Steve Tadelis
Professor of Economics, Business and Public Policy, Haas School of Business, University of California, Berkeley. Focuses on understanding how the contractual mechanisms of firms and markets affect value creation, wrote "Game Theory: An Introduction".


Neng Wang
Chong Khoon Lin Professor of Real Estate & Professor of Finance at Columbia Business School, Honorary Dean and Academic Director of the School of Finance at Shanghai University of Finance and Economics, Research fields include corporate finance, macroeconomics, asset pricing theory, private equity and hedge funds.


Shangjin Wei
Professor of Finance and Economics and N.T. Wang Professor of Chinese Business and Economy at Columbia University’s School of International and Public Affairs and Graduate School of Business, 2014 Sun Yefang Economic Science Award Winner.


Wei Xiong
Turnbull-Adams Professor of Finance, Professor of Economics, Department of Economics and Bentheim Centre of Finance at Princeton University, Dean of the Chinese University of Hong Kong (Shenzhen) Institute of Economics and Management, Co-editor of the "Journal of Finance", the journal of the American Finance Association, and Winner of the 2015 Sun Yefang Financial Innovation Award.


Chenggang Xu
Professor of Economics at Cheung Kong Graduate School of Business, Honorary Professor of Economics at the Asia Global Institute at Hong Kong University, and Expert on Governance of the Chinese Government, 2013 Sun Yefang Economic Science Award Winner.


In the future, the Luohan Academy will invite further top academics around the world such as sociologists, psychologists and anthropologists. That is worth the wait.


Related Articles:
The Purposes of the Establishment of DAMO Academy by Alibaba
Jack Ma Said the DAMO Academy is One of the Best Things Alibaba Has Done for the World
Alibaba Should be An Engine of Innovation for China and the World

Book Recommended:
Read Jack Ma's biography story to learn what makes Alibaba's founder today and his contributions to Alibaba.

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