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Distinguished Public Lecture by Professor Avinash Dixit
"Governance Institutions and Economic Development"
Distinguished Public Lecture by
Professor Avinash Dixit
Distinguished Adjunct Professor of Economics, Lingnan University
Date: 5th June 2009, Friday, 11:00 am
Venue: Paul S Lam Conference Centre, 3/F, Amenities Building, Lingnan University
Free shuttle bus departs 10:15 am from MTR Kowloon Tong Station
(near Yew Chung International Primary School, Somerset Road)
Return trip from campus to Kowloon Tong at 12:30 pm
Distinguished Public Lecture by
Professor Avinash Dixit
Distinguished Adjunct Professor of Economics, Lingnan University
Date: 5th June 2009, Friday, 11:00 am
Venue: Paul S Lam Conference Centre, 3/F, Amenities Building, Lingnan University
Free shuttle bus departs 10:15 am from MTR Kowloon Tong Station
(near Yew Chung International Primary School, Somerset Road)
Return trip from campus to Kowloon Tong at 12:30 pm
Professor Avinash Dixit
Professor Avinash Dixit has made significant contributions to major fields of economics including microeconomics, macroeconomics, international economics, finance (investment under ucertainty), international trade in his illustrious academic career of over 30 years. In particular, Professor Dixit’s path-breaking work on international trade in the late 1970s provided a framework that encompassed and unified the two rival mainstream schools of thought in political economy founded by Adam Smith and John Maynard Keynes, laying the synthesis and foundation for modern macroeconomics.
Professor Dixit received his PhD in Economics from MIT and spent his early years as an academic at Oxford and then Warwick universities in the UK, before going to Princeton University in 1981 where he has remained ever since. Currently, he holds the prestigious John J. F. Sherrerd '52 University Professorship of Economics. Professor Dixit has been President of the two most important economics organizations in the world: the Econometric Society (President 2001) and the American Economic Association (President 2008).
Synopsis
How can markets function in less-developed countries where property rights are poorly protected and contracts are not effectively enforced by the legal system? How can foreign firms invest and do business in such countries? The lecture will examine various social institutions - social networks and norms, and private adjudication - that attempt to substitute for the missing rule of law. Drawing on illustrations that range from YouTube videos to case studies in sociology, anthropology, and law, and on the conceptual framework of game theory, it will examine the potential and limitations of such alternative institutions of governance, with concluding discussions of the different paths toward modernization of the institutions of economic governance.
Registration and Enquiries
E-mail: priscilla@LN.edu.hk / Tel: 2616 8989 (Public Affairs Office, Lingnan University)