It’s universities’ job to redesign economic theories: Dr Yunus

Nobel Laureate Professor Muhammad Yunus has been given an honorary doctorate (Doctor Honoris Causa) at the University of Cantabria, Santander, Spain.

The ceremony was recently held at the Summer Palace of the King of Spain which had been converted into Cantabria University in 1936, said the Yunus Centre on Sunday.

In his acceptance speech, Prof Yunus drew the attention of the audience made of leading citizens of the city, professors and students of the university that university is the contact point between the young generation and all the accumulated knowledge of the previous generations.

“We must not forget that university is the place where wrong theories and ideas are shattered into pieces to redesign new theories and new ideas,” he said.