Wednesday, 18 March 2015

Economics for Real People: The role of beliefs in economics

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So you were wondering what our friends at the Auckland Uni Economics Group would be presenting for you tomorrow night? Then here you go:

The role of culture on economic performance has been largely swept aside by economists. Indeed, those who study the fictitious species of homo economicus, the (ideal) economic human, assume away the very possibility of such a role for culture. Is this approach justified?

About the Seminar:

This week we are excited to be joined by Professor Robert MacCulloch, who will present on the topic: The role that beliefs of economic agents plays in economic decision and policy making.
In the seminar, Professor MacCulloch will argue that the prevailing view regarding economic beliefs is erroneous. A leading thinker on the topic, Robert discusses how economic beliefs of agents do impact on economic outcomes. Robert also discusses how cultural histories and past economic experiences can inform these beliefs of market participants. Further, he will explain the implications of such beliefs, and how beliefs can help to explain why certain economic beliefs are incompatible with certain institutions.

    Date: Thursday, March 19
    Time: 6-7pm
    Location: Case Room One, Level Zero, Auckland Uni Business School, Owen G. Glenn Building
                         (plenty of parking in the basement, entrance off Grafton Rd)

We look forward to seeing you there!

About the Speaker:
Robert is widely published, with his papers are ranked as being in the top 1% of most highly cited papers ever in economics worldwide. Robert received a BSc in maths and MCom from the University of Auckland. He then worked at the Reserve Bank of New Zealand before completing a PhD in Economics at Oxford University where he was awarded a Royal Economic Society Junior Fellowship. He taught at Oxford University and then pursued research interests at the London School of Economics and Princeton University before joining Imperial College London Business School as Director of its doctoral programme. Robert was awarded the Rector’s Award for Distinguished Research Excellence at Imperial College London Business School and won their Prize for top overall teacher in consecutive years.
He returned to New Zealand in 2013 to take up the MSA Charitable Trust Chair of Macroeconomics at The University of Auckland Business School.

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