University Lecture with Professor Edmund S. Phelps
Date: November 27, 2007 from 6:15 pm to 7:30 pm ESTLocation: Columbia University Morningside Campus Low Memorial Library, Rotunda
President Lee C. Bollinger and Provost Alan Brinkley host the University Lecture given by Nobel Laureate Edmund S. Phelps, McVickar Professor of Political Economy.
"Economic Theory for an Innovative World"
We must replace neoclassical theory, including Schumpeter's model, with models applicable to the modern world where many entrepreneurs conceive and develop successful new ideas born from their private knowledge, so economists can capture the range of jobs created by innovation, investment booms and slumps, the opening and closing of lags behind the lead countries, the workplace as the main locus of problem solving, the presence of as much disorder as order, and the joy from the creativity realized.
Professor Edmund S. Phelps lectures to a full house in Columbia's Low Memorial Library. The title of his lecture was, "Economic Theory for an Innovative World."
Columbia President Lee C. Bollinger makes welcoming remarks on November 27, 2007. He is joined on stage by Provost Alan Brinkley and Nobel Laureate and honoree, Edmund S. Phelps.
Professor Phelps converses with an excited fan following his University Lecture.