UNSW welcomes Nobel Laureate
28th February 2003
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Dr Vernon L Smith, the 2002 Nobel Laureate for Economics, is spending a week at UNSW as the Distinguished Visiting Professor in the Faculty of Commerce and Economics.
Known as the father of “experimental economics”, Vernon Smith was awarded the Nobel Prize for his contribution to the economic sciences. His work in evaluating the performance and functions of markets has given economists a deeper understanding of the actual workings of real-world markets and has helped guide public policy in the design and testing of public choice theory.
“Vernon Smith’s work has supported the creation of markets where none existed before, such as in the electricity and gas industries, water, private prisons, the environment and the auctioning of airport space,” said the Dean of Commerce and Economics, Greg Whittred. “These markets are of course all highly pertinent to Australia.”
“This is a wonderful opportunity for our teachers and students to hear at first hand from one of the world’s foremost economists,” Professor Whittred said.
Dr Smith, who arrives in Sydney on Monday, will be available to meet members of the media at a press conference at 10.30 am on Tuesday, 4 March at the Westin Hotel. He will be guest of honour at a corporate lunch on Wednesday, which will raise funds for the Faculty’s recently established Honours Scholarship Appeals Fund.
On campus, Dr Smith’s commitments include attending an all-day energy workshop, organised by the School of Electrical Engineering, and an address to lecturers and students from the Commerce and Economics Faculty. Selected high school economics teachers and students have also been invited to attend this event.
Dr Smith’s visit is part of the Thought Leadership Initiative, a new program established by the Advisory Board to the Commerce and Economics Faculty. Under the program, a high-profile visitor will be invited to be a distinguished guest of the faculty each year.
For further details of Vernon Smith’s visit go to www.fce.unsw.edu.au/news/events5.shtml
Known as the father of “experimental economics”, Vernon Smith was awarded the Nobel Prize for his contribution to the economic sciences. His work in evaluating the performance and functions of markets has given economists a deeper understanding of the actual workings of real-world markets and has helped guide public policy in the design and testing of public choice theory.
“Vernon Smith’s work has supported the creation of markets where none existed before, such as in the electricity and gas industries, water, private prisons, the environment and the auctioning of airport space,” said the Dean of Commerce and Economics, Greg Whittred. “These markets are of course all highly pertinent to Australia.”
“This is a wonderful opportunity for our teachers and students to hear at first hand from one of the world’s foremost economists,” Professor Whittred said.
Dr Smith, who arrives in Sydney on Monday, will be available to meet members of the media at a press conference at 10.30 am on Tuesday, 4 March at the Westin Hotel. He will be guest of honour at a corporate lunch on Wednesday, which will raise funds for the Faculty’s recently established Honours Scholarship Appeals Fund.
On campus, Dr Smith’s commitments include attending an all-day energy workshop, organised by the School of Electrical Engineering, and an address to lecturers and students from the Commerce and Economics Faculty. Selected high school economics teachers and students have also been invited to attend this event.
Dr Smith’s visit is part of the Thought Leadership Initiative, a new program established by the Advisory Board to the Commerce and Economics Faculty. Under the program, a high-profile visitor will be invited to be a distinguished guest of the faculty each year.
For further details of Vernon Smith’s visit go to www.fce.unsw.edu.au/news/events5.shtml
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