Economist to Discuss When Bubbles Matter at The University of Scranton

Sep 17, 2009

         J. Bradford DeLong, Ph.D., will discuss "Macroeconomic Policy When Bubbles Matter" at The University of Scranton's 24th annual Henry George Lecture on Tuesday, September 22. Funded by a grant from the Robert Schalkenbach Foundation, the lecture will be presented to the public free of charge at 7:30 p.m. in the fourth floor Rev. Bernard McIlhenny, S.J., Ballroom of the Patrick & Margaret DeNaples Center at The University of Scranton.

        A professor of economics at the University of California at Berkeley and former deputy assistant secretary of the U.S. Treasury for economic policy in the Clinton administration, Dr. DeLong is a renowned economist who constructs practical public policy by analyzing sound economic theory. His talk will focus on the causes of the recent burst of the housing "bubble" and efforts to stabilize the overall economy - what we have done, what we can do and how well the economic stimulus package is working.

       Dr. DeLong, who operates one of the world's most extensive blogs for public policy matters (, is highly acclaimed for his work on business cycle dynamics, economic growth, behavioral finance, political economics, economic history, international finance, the history of economic thought and other topics.

        Among Dr. DeLong's best-known publications are: "Is Increased Price Flexibility Stabilizing?" "Productivity Growth, Convergence, and Welfare," "Noise Trader Risk in Financial Markets," "Why Does the Stock Market Fluctuate?" "Keynesianism, Pennsylvania-Avenue Style," "America's Peacetime Inflation: The 1970s," "American Fiscal Policy in the Shadow of the Great Depression," "Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy."

        Dr. DeLong is a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of San Francisco. From 1993 to 1997, he served as an associate professor of economics at the University of California at Berkeley, and from 1991 to 1993 he was a Frederick S. Danziger associate professor of economics at Harvard
University. He earned a doctorate in economics, a master's degree in economics and a bachelor's degree in social studies from Harvard University.

        The University of Scranton's Henry George Lecture Series is the preeminent public lecture series in economics in northeastern Pennsylvania.  Six of the previous lecturers have won the Nobel Prize in Economics.
The Economics and Finance Department at The University of Scranton and the campus chapter of Omicron Delta Epsilon host the Henry George Lecture, which honors the 19th century American economist and social reformer.

        For additional information about the Henry George Lecture, call The University of Scranton at (570) 941-4048.

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