Year in review and the 2018 Nobel Prize in Economics - Speaker: Jayanta Sarkar
From: Thursday December 6, 2018, 5:15 pm
To: Thursday December 6, 2018, 7:30 pm
Join us for the Economic Society’s final event for the year and some drinks and savouries.
Dr Jayanta Sarkar (QUT) will provide some comments on 2018 Nobel Prize recipients for their contribution to growth models under uncertainty.
Professor Paul Romer’s endogenous growth model proposed there is a snowball effect in the market of ideas and changed the way economists think about human capital.
Professor William Nordhaus contributed through his applied models IAMS, which seeks to quantify the impact of climate change in the context of macroeconomic policy.
"Policymakers prefer the comfort of hard numbers. But the often-unfathomable complexity of human society and natural processes may mean that other guides are sometimes needed to set policy, from the precautionary principle to moral reasoning. Ironically, Mr Nordhaus' computations, like those of Mr Romer, made that awareness possible.
Above all, both of this year's prize-winners tackled problems that the field both could not understand and could not afford not to understand. They blazed trails that scholars continue to follow- to the benefit of economics and humanity."
- The Economist, 13 October
ESA Qld Branch President Julian Pearce will also provide an update on the activities for the Society of the year and preview the year ahead.
Date and Time: 17.15 for 17.30 start, finishing at 19.30, Thursday 6 December 2018
Venue: QUT S Block 12th floor, Owen J Wordsworth Room, George St, Brisbane
Cost: Members - no charge; Non-members $40
RSVP: COB Monday 3 December 2018
Book online now!
If you have any queries, please contact the secretariat (firstname.lastname@example.org).
VenueQUT, Owen J Wordsworth Room, S Block, 12 floor
George St, Brisbane QLD 4000
Speaker: Jayanta Sarkar