Thursday, 12 March 2015

Economics for real people: Econ & the market for organs

Your news about tonight's Econ For Real People session form our friends at the Auckland Uni Econ Group:


Economic Principles and the Market for Organs

Organ transplants are one of the extraordinary developments of modern science. But does the field of economics also have a role in alleviating the suffering of those awaiting transplants? This was the subject of a recent article in the Wall Street Journal by Nobel prize-winning economist Gary Becker. Becker argues that economic principles can be useful when thinking about the Market for Organs.

In this week’s seminar we are fortunate to be joined by Dr. Alister Hunt, a US-based financial economist who will discuss an issue central to economics - the price discovery process. Every day consumers and producers use this process to agree on prices at which goods and services are to be exchanged. Yet we often take it for granted and are unaware of the broader implications of the theory. Dr. Hunt will bring the theory to life with real life examples and consider whether the analysis can be extended to more challenging contexts such as the Market for Organs.

Dr. Hunt asks that attendees read Gary Becker's Wall Street Journal article prior to tonight's seminar.

Date: Tonight, Thursday, March 12

Time: 6-7pm

Location: Case Room 1, Level 0, Business School

About the speaker:

Dr. Alister Hunt is a US-based financial economist who consults to governments and companies around the world. He has taught at many universities including the University of Washington, University of Arizona and University of British Columbia. Dr. Hunt has been involved in developing markets in specific industries, most recently the electricity market in Saudi Arabia. He was also involved in establishing Fonterra’s Global Dairy Trade platform, the world’s largest market for dairy commodities.


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