Israeli academic makes Time 100 list
Admati in, PM outAdmati in, PM out

Israeli academic makes Time 100 list

Economist Anat Admati lauded for challenging accepted views on the banking system

Stuart Winer is a breaking news editor at The Times of Israel.

Economist and academic Anat Admati, 2013. (screen capture: YouTube/INETeconomics)
Economist and academic Anat Admati, 2013. (screen capture: YouTube/INETeconomics)

An Israeli-born economist and academic was included in the Time 100 list of influential people published on Wednesday.

Anat Admati, who is a professor of finance and economics at the Graduate School of Business, Stanford University, made the prestigious roll call for offering new ideas on how to understand and structure banking systems.

Rana Foroohar, assistant managing editor and economic columnist at Time magazine, praised Admati for challenging accepted views on the banking system as a whole rather than just individual institutions.

Admati’s book “The Bankers’ New Clothes,” co-written with Martin Hellwig, has inspired financial decision-makers to rethink their understanding of banking and global economies, Foroohar noted.

A 2013 Stanford Business article quoted Admati speaking of how her views were shaped by her experiences as a child in Israel, which would later come back to her during the 2008 financial crisis.

“I grew up in Israel, and it was like this feeling of war, this feeling of not knowing what was going to happen,” she said.

The annual list is put together by editors of the magazine and includes political and cultural figures, without ranking their influence. The list includes 20 people from each of five categories: leaders, titans, artists, pioneers and icons.

Prime Minister Benjamin Netanyahu failed to regain his position for the second year in a row after having been listed three times consecutively until 2012.

Familiar faces included US President Barack Obama, making his eighth consecutive appearance. Former US secretary of state Hillary Clinton was back for the eighth time after missing out last year.

Time has made clear in the past that inclusion on the list is not necessarily an honor, but rather that the people are recognized as those who are changing the world — whether for good or for bad. As a result, many of those listed are controversial figures,

The 2014 list also included Iranian President Hassan Rouhani and Russian President Vladimir Putin.

Times of Israel staff contributed to this report.

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