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Bradley Distinguished Lecture Series: Big Changes in Economic Policy and The Economy
Thursday, June 6, 2019 @ 11:30 am - 1:30 pm
University Club, 924 E. Wells St.
Lunch will be provided
For the past decade, Dr. John B. Taylor argued for a return to First Principles of economic freedom: tax reform, regulatory reform, monetary reform, international reform, and budget reform. Such reforms would end the years of slow economic growth, though some said stagnation was secular or inevitable. Now policy is changing in the direction that he advocated, especially tax, regulatory, and even a little monetary reform. The economy has also improved: growth was 3.2 % in the 1st quarter, and 2018 was the best year in a long while. We’re still waiting for budget and trade reform, but on balance, the steps are positive.
In this lecture, Dr. Taylor demonstrates the connection between big changes in economic policy and the economy. It’s not a sugar high. It’s related to the supply side, to productivity: in the 1st quarter, in the nonfarm business sector, productivity and output increased 3.6% and 4.1%, respectively.
Dr. Taylor is widely recognized for his path-breaking research in macroeconomics, monetary economics, and international economics. He is currently the President of the Mont Pelerin Society and was a member of the Eminent Persons Group on Global Financial Governance created by the G20 from 2017-18. He served as senior economist on the President’s Council of Economic Advisers and as a member of the Council.
From 2001 to 2005, Dr. Taylor served as the Undersecretary of the Treasury for International Affairs. He received the Truman Medal for Economic Policy for extraordinary contribution to the formation and conduct of economic policy, the Bradley Prize for his economic research and policy achievements, the Adam Smith Award from the National Association for Business Economics, the Alexander Hamilton Award and the Treasury Distinguished Service Award for his policy contributions at the US Treasury, and the Medal of the Republic of Uruguay for his work in resolving the 2002 financial crisis. Dr. Taylor was awarded the Stanford University-wide Hoagland Prize and the Rhodes Prize for excellence in undergraduate teaching and the Stanford Economics Department Distinguished Faculty Teaching Award. He received the 2016 Adam Smith Award from the Association of Private Enterprise Education.
Dr. Taylor received a BA in economics summa cum laude from Princeton and a PhD in economics from Stanford. He won the 2012 Hayek Prize for his book, First Principles: Five Keys to Restoring America’s Prosperity.
Registration is now closed. For more information please contact Debbie Roy at (414) 229-3824.