Economy of Social Market: Current Costs Examination

The Economic Policy Club Germany (EPCG) has recognised the significant contributions of economist Christoph M. Schmidt to economic policy and society by presenting him with the annual "Keynote Speech on Social Market Economy" award.

The ceremony took place on March 21, although the location remains undisclosed. Sven Giegold, State Secretary in the Federal Ministry for Economic Affairs and Climate Action, delivered the laudation for the award.

Christoph M. Schmidt, President of the RWI - Leibniz Institute for Economic Research, was honoured for his economic policy relevance and positive persistence in identifying and drawing public attention to economic policy challenges. The jury explained that Schmidt's work has a significant impact on society.

However, the specific economic policy challenges that Schmidt identified were not detailed in the statement. The jury for the "Keynote Speech on Social Market Economy" prize did not provide any further explanations or justifications for their decision.

The EPCG acknowledged Schmidt for his "positive persistence in identifying and drawing public attention to economic policy challenges." The award was given for the economic policy relevance of Schmidt's work for society.

The RWI - Leibniz Institute for Economic Research, led by Christoph M. Schmidt, was not specified as the location for the award ceremony. Schmidt's previous position before his appointment as President of the RWI - Leibniz Institute for Economic Research is not specified in the provided search results.

The "Keynote Speech on Social Market Economy" prize is an annual award given by the EPCG to recognise significant contributions to economic policy and society. This marks the first time the award has been given to Christoph M. Schmidt.