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FOR IMMEDIATE RELEASE
CONTACT: Susie P. Gonzalez
March 6, 2008
Nobel Economist to Present Lecture at Trinity University
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Edmund S. Phelps |
SAN ANTONIO – The recipient of the 2006 Nobel Prize in Economics, Edmund S. Phelps, will present a lecture, “My Evolution as an Economist,” at 7:30 p.m. Wednesday, April 9, in Ruth Taylor Recital Hall on the campus of Trinity University. The lecture is free and open to the public.
Dr. Phelps has developed a model that changed how economists view macroeconomic policy. It holds that there is no long-run tradeoff between inflation and unemployment and that short-run effects depend upon expectations about wages and inflation. His work emphasizes the role of imperfect information and uncertainty in determining human capital formation, technological change, and growth.
Recognized by the Nobel Committee “for his analysis of inter-temporal tradeoffs in macroeconomic policy,” Dr. Phelps has argued for a form of distributive justice and stresses the non-economic as well as economic valuation of work. In studying the fundamentals of economic systems, Dr. Phelps focuses on the dynamism of modern economies, a process that depends on entrepreneurial diffusion of technology and on institutions that enhance the attraction of business life.
Dr. Phelps is the McVickar Professor of Economics and director of the Center of Capitalism and Society for the Earth Institute at Columbia University. He earned a doctorate from Yale University and a bachelor’s degree from Amherst College.
He is the author of Rewarding Work: How to Restore Participation and Self-Support to Free Enterprise; Structural Slumps: The Modern Equilibrium Theory of Unemployment, Interest, and Assets; Political Economy: An Introductory Text; and Microeconomic Foundations of Employment and Inflation Theory.
The series known as “My Evolution as an Economist” began in 1984 at Trinity University in order to offer rare, autobiographical insights into the lives of Nobel Laureates. Each speaker elaborates on the sources and nature of his ideas and discoveries and his growth and success as an economist. The first 22 lectures in the series have been published by the MIT Press under the title Lives of the Laureates. It is edited by William Breit, professor emeritus of economics, and Barry Hirsch, former Stevens Distinguished Professor of Economics at Trinity.
As part of his visit to Trinity, Dr. Phelps will hold an informal question-and-answer session from 4 to 5 p.m. on Wednesday, April 9, in the Great Hall in Chapman Center. For more information, contact Rande Spector at 210-999-7373.For more information about the series of Nobel economists speaking at Trinity, visit www.trinity.edu/nobel.
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© 2008 Trinity University