sentences:  He is a Fellow of the Econometric Society and was a member of its Council.He delivered major invited lectures, such as the Frank Graham Memorial Lecture at Princeton University, the Schumpeter Lecture of the European Economic Association, the Walras-Bowley and Frisch Lectures of the Econometric Society and the Ohlin Lectures at the Stockholm School of Economics.He is a member of the Israeli Academy of Sciences and Humanities, a Foreign Honorary Member of the American Academy of Arts and Sciences, a Corresponding Fellow of the British Academy, a member of the European Academy of Sciences and Arts and a Distinguished Fellow of the American Economic Association.