The Wisdom of Macroeconomics
The University of Massachusetts Amherst will host “the most controversial economist of his generation” when Paul Krugman of the New York Times delivers the annual Philip Gamble Memorial Lecture on Thursday, Oct. 26, at 6 p.m. at the Mullins Center. His topic: “What’s the Matter with Economics?” Krugman will explain how basic macroeconomics has been a good guide to world events since the 2008 global financial crisis and ask why economists seem unwilling to build on the success they have enjoyed using its concepts.
Krugman joined the Times in 1999 as an op-ed columnist; his column is currently published every Monday and Friday. In 2008, he received the Nobel Memorial Prize in Economic Sciences for his work on international trade theory. Krugman is a distinguished professor at the City University of New York’s Graduate Center, where he is a fellow at the James M. and Cathleen D. Stone Center on Socio-Economic Inequality.
The author or editor of 27 books and more than 200 papers in professional journals and edited volumes, Krugman’s professional reputation rests largely on work in international trade and finance. He is one of the founders of the “new trade theory,” a major rethinking of the theory of international trade. In recognition of that work, in 1991 the American Economic Association awarded him its John Bates Clark Medal.
The event is free and open to the public, with tickets available at the Mullins Center box office. Tickets will also be available online at www.MullinsCenter.com, but convenience fees may apply. Parking for the event will be a cash-only $10 per vehicle.