LSE honours nobel laureate Yunus

Nobel Laureate Professor Muhammad Yunus received an honorary doctoral degree in economics from London School of Economics Thursday. In a formal ceremony at the Old Theatre of the LSE attended by over 500 faculty and students, the Director of the LSE, Dr Judith Rees conferred the Honorary Degree to Professor Yunus after a formal oration by Prof Stuart Corbridge, Pro-Director of the School, said a statement. In the oration, Prof Corbridge mentioned that the intuitions that Prof Yunus developed through creating Grameen Bank has helped change the way we see the world. He invited Professor Yunus to give LSE the honor of coming and teaching at the LSE whenever he had the opportunity to do so. In his acceptance speech, Prof Yunus said that the current global economic crisis is a wake up call to bring a new human civilization to the world, one where no one has to suffer the indignity of umemployment and poverty. He said that the young people, the most powerful generation in human history, have to take the lead to create the new civilisation. In the long history of London School of Economics only 19 distinguished persons were given the honorary degree before Professor Yunus.