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~Economist Alan S. Blinder To Discuss Clash of Politics and Economics~

For immediate release:
March 26, 2002

CONTACT:
Arlie Corday,
781-283-3321 or 2373


WELLESLEY, Mass. -- "Economic Advice and Political Decisions: A Clash of Civilizations" will be the topic of Wellesley College's 2002 Goldman Lecture, presented by Alan S. Blinder on Monday, April 8, at 8 p.m. in the College's Pendleton West Hall, room 212. It is free and open to the public.

The Gordon S. Rentschler Memorial professor of economics and co-director of the Center for Economic Policy Studies at Princeton University, Blinder is the author or co-author of 12 books, including the textbook Economics: Principles and Policy, now in its eighth edition, from which more than a million college students have learned introductory economics.

"Important decisions on economic policy are inherently political, which creates a generic tension between economic and political advisers to the president, or to any other politician," Blinder said. "The lecture will deal with some of the less-obvious ways in which politic considerations get in the way of sound economic policy and some of the shortcomings of the advice that politicians typically hear from economists."

Blinder has written scores of scholarly articles on topics such as fiscal policy, monetary policy and the distribution of income. He served as a member of President Clinton's original Council of Economic Advisers from Jan. 1993 until June 1994, in charge of the administration's macroeconomic forecasting. He also worked intensively on budget, international trade and health-care issues. From 1985 until joining the Clinton Administration, he wrote a lively monthly column in Business Week magazine. He is also a partner in Promontory Financial Group and vice chairman of the G7 Group.

He has served as vice chairman of the Board of Governors of the Federal Reserve System and a member of the Board's committees on Bank Supervision and Regulation, Consumer and Community Affairs, and Derivative Instruments. He earned an A.B. degree at Princeton University, an M.Sc. at London School of Economics and a Ph.D. at Massachusetts Institute of Technology, all in economics.

At Princeton, he chaired the Department of Economics from 1988 to 1990 and founded Princeton's Center for Economic Policy Studies. He has taught there since 1971.

Founded in 1875, Wellesley College has been a leader in liberal arts and the education of women for 125 years. The College's 500-acre campus near Boston is home to 2,300 undergraduate students. For more information on the lecture, call 781-283-2154.

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  • Date Modified: March 29, 2002
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