He received five honorary doctorates: University of St. Gallen, Switzerland, University of Goeteborg, Sweden, University of Innsbruck, Austria, Free University of Brussels, Belgium and Paul-Cézanne University, Aix-Marseille III, France.
He was elected Distinguished CESifo Fellow of 2005 and Distinguished Fellow of the Association for Cultural Economics International, 2010.
He is a Fellow of the Royal Society of Edinburgh (FRSE) and Fellow of the European Academy of Sciences and Arts .
He was a member of the International Expert Working Group on Wellbeing and Happiness: Defining a New Economic Paradigm by appointment of the King of Bhutan, 2012.
He was a member of the ten experts composing the Copenhagen Consensus in 2004.