Paul M. Romer, a professor of economics in the Graduate School of Business at Stanford University and a senior fellow of the Hoover Institution, will deliver the annual Martin H. Crego lecture in economics on Thursday, April 26, at 5 p.m. The lecture, "From New Growth Theory to New Policy Initiatives," will be held in the Blanche Brumback Spitzer Auditorium, Eleanor Butler Sanders Hall, at Vassar College.
Romer was named one of America's 25 most influential people in 1997, by Time magazine. He was a lead developer of "new growth theory," which provides a better foundation for business and government thinking about the dynamics of wealth creation. His theory addresses one of the oldest questions in economics: What sustains economic growth in a physical world characterized by diminishing returns and scarcity? It also sheds light on current economic issues. Romer is currently studying how government policy affects innovation.
This lecture, sponsored by the Department of Economics, is free and open to the public. For more information call the Vassar College Department of Economics at (845) 437-7395. Individuals with disabilities requiring accommodations should contact Cathy Jennings, Office of Campus Activities, (845) 437-5370, as far in advance as possible to request reasonable and appropriate accommodations for the event.