
Oct 13, 2025 | Nobel Economics Prize Goes to 3 Scholars Studying Innovation, Stagnation | |
by Palash Ghosh, Pensions & Investments, October 13, 2025: Joel Mokyr, Philippe Aghion, and Peter Howitt were awarded the Nobel Prize in Economic Sciences for their work explaining the process of innovation-driven economic growth. Mokyr was cited for showing “how innovators at the dawn of the Industrial Revolution... learned how to build upon previous discoveries to create a process of sustained growth,” Bruce Jacobs said. Aghion and Howitt were recognized for “constructing a theoretical framework of creative destruction; a process where new and better products overcome opposition from established companies and interest groups to replace older, obsolete technologies,” Jacobs noted. The new laureates’ findings highlight that “sustained economic growth is, historically, the exception rather than the rule, and cannot be taken for granted,” Jacobs added. “It must continually respond to threats, such as firms that become too dominant in their markets, restrictions on academic freedom, and deglobalization.” read more + |
Sep 15, 2025 | Wharton School Launching Quantitative Finance Master’s Degree with Gift from Alum | |
by Rob Kozlowski, Pensions & Investments, September 15, 2025: Bruce Jacobs’s gift to the Wharton School to establish the Dr. Bruce I. Jacobs Master of Science in Quantitative Finance program created Wharton’s first new degree program in more than 50 years. It follows his 2020 gift to the school to establish a quantitative finance major in the MBA program... “At the university, you could study for a Ph.D. in finance, which would introduce you to the quantitative tools needed, or you would do an MBA, and with the major in quantitative finance in the MBA program, you could get some introduction to quantitative finance as well as a broader skill set in the areas of management and leadership,” Jacobs said. “I’m delighted that Wharton has moved in this direction, because this is the field that I have a passion for, both in contributing as a practitioner and contributing to research in the field, and I’m delighted to be able to help foster this master’s program.” read more +download PDF |
Sep 15, 2025 | A Transformational Gift for Quantitative Finance at Wharton | |
Knowledge at Wharton, September 15, 2025: Bruce Jacobs’s gift to the Wharton School to establish the Dr. Bruce I. Jacobs Master of Science in Quantitative Finance program creates a new pathway for students to develop critical skills and explore career opportunities in the rapidly growing quantitative asset management industry... |
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