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Risk, Information and Insurance - Essays in the Memory of Karl H. Borch (Hardcover, 1991 ed.)
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Risk, Information and Insurance - Essays in the Memory of Karl H. Borch (Hardcover, 1991 ed.)
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Orio Giarini The "Geneva Association" (International Association
for the Study of Risk and Insurance Economics) was founded in 1973.
The main goal was to stimulate and organize objective research in
the field of risk, uncertainty, and insurance, in a world in which
such issues were clearly becoming of greater and greater relevance
for all economic actors. This was a pioneer ing effort, especially
as economic theory and the teaching of economics were still
anchored to the key notion of general equilibrium under an
assumption of certainty. Thus, we had to start our work almost from
scratch. One of the first initiatives was to bring together in
Geneva, in June of 1973, all the academics in Europe already
involved in risk and insurance economics. We found eight from five
different countries who never had met before. This seminar chaired
by Raymond Barre, the first president of The Geneva Association,
was the first of an annual series that became known as the seminar
of "The European Group of Risk and Insurance Economists." Since
then more than 100 economists from most European countries as well
as participants from two other continents and in particular from
the United States have taken part in this seminar."
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