Nobel prize-winning economics professor accused of sexual harassment

Former students claim that Philip Dybvig sexually harassed them.

Nobel prize-winning economics professor accused of sexual harassment
Philip Dybvig faces sexual harassment inquiry.

Bloomberg News reported that more than half a dozen former students have accused Philip Dybvig, a banking and finance professor at Washington University in St. Louis, of sexual harassment. Dybvig has worked there for more than 30 years.

The publication said it talked to seven former students who said the professor kissed and touched them inappropriately that is unwelcome. According to Dybvig's attorney, the professor has denied having inappropriate relationships with students.

Bloomberg reported that Washington University in St. Louis' Title IX office, which handles complaints of sexual harassment, has launched an investigation into the allegations against Dybvig.

Philip Dybvig

Moreover, publication stated that the office has contacted at least three former students to inquire about similar claims, despite the fact that the inquiry is reportedly based on claims made by one former student.

This year, Dybvig, 67, was awarded the Nobel Prize in economics alongside former Federal Reserve Chairman Ben Bernanke and University of Chicago professor Douglas Diamond.

He has taught at several other American and Chinese universities in addition to the private St. Louis research university since the late 1980s.

“Professor Dybvig has been adamant about one thing,” Andrew Miltenberg, lawyer of Dybvig, said to Bloomberg. “He takes his role as an educator very seriously. He feels that he has always had very appropriate and professional relationships with his students.”