posed. His work, particularly in the philosophy of economics and institutional economics, was both visionary and ahead of its time. In today’s context of complex global economic challenges, his insistence on understanding the essence of economic inquiry, rather than merely refining analytical tools, resonates with renewed urgency. In honouring Karl Mittermaier, the University of Johannesburg celebrates not only a distinguished economist but also a thinker who recognised that economics is ultimately about human understanding and the pursuit of knowledge that serves society. His legacy endures in scholars who move beyond conventional boundaries and in researchers who ask not only “how,” but also “why” and “what does this mean.” The Centre also commemorates its legacy through key academic events. The University of Johannesburg conferred a posthumous Honorary Professorship in Economics on Professor Karl Mittermaier on 25 June 2025. On the same day, the inaugural Karl Mittermaier Annual Lecture was held at the University of Johannesburg, attended by over 50 participants from academia and industry. The keynote address was delivered by Professor Alain Marciano from the University of Turin, titled “What should economists do? Karl Mittermaier’s answer.” The event also featured an overview of the Centre’s activities by Dr Michael Stettler from UJ School of Economics and words of appreciation by Professor Christopher Malikane, a former student of Professor Mittermaier, who emphasised the importance of avoiding oversimplification in economic theory. The annual lecture forms part of the Centre’s broader mission to generate societal impact through research and teaching in the philosophy of economics, ensuring that Karl Mittermaier’s intellectual legacy continues to inspire and shape future scholarship. 63 College of Business and Economics | Annual Report 2025
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