You have a wonderful opportunity to hear Professor Edward C. Prescott discuss the global economy. Professor Prescott was awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 2004 for his joint contributions with Dr. Finn Kydland. Their work started the transformation of macroeconomics from large sets of complicated equations into models that have foundations in the choice theory of microeconomics.
Professor Prescott’s presentation is titled “Global Outlook: An Optimistic View.” He will speak at Viterbo University Monday, Sept. 29 at 7:30 p.m. in the Fine Arts Center Lobby. The event is free and open to the public.
Viterbo has a press release about the event at http://www.viterbo.edu/news.aspx?id=39694
How people spend their discretionary income – the cash that goes to clothing, electronics, recreation, household goods, alcohol – depends a lot on where they live. People in Greece spend almost 13 times more money on clothing as they do on electronics. People living in Japan spend more on recreation than they do on clothing, electronics and household goods combined. Americans spend a lot of money on everything.
