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April 21, 2005
Contact: Toni Dixon, School of Business, (785) 864-4449.

KU grad, Nobel laureate Vernon Smith to give lecture on world economic challenges

LAWRENCE -- University of Kansas graduate and Nobel Prize winner Vernon L. Smith will present a public lecture at his alma mater April 27 in an event sponsored by the Center for Applied Economics at the KU School of Business.
Smith will discuss "World Issues and the Role of the Economist" at 7 p.m. in Woodruff Auditorium, Kansas Union. No tickets are required.

Smith recently was an expert panelist at the Copenhagen Consensus, a gathering that drew some of the world's greatest economists to assess the biggest challenges in the world. Smith's lecture will give his answer to a question posed at Copenhagen: "How would you spend $50 billion on the world's most pressing issues?"

Smith received the Nobel Prize in economics in October 2002, along with Daniel Kahneman, a professor at Princeton University. Smith received the award "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."

A Wichita native, he received his master's degree in economics from KU in 1952. After earning his master's degree, he continued to take classes at KU and was an instructor in the Department of Economics for a year.

Smith is the first lecturer hosted by the KU Center for Applied Economics. The center's mission is to help advance the economic development of the state and region by offering economic analysis and economic education relevant for policy-makers, community leaders and other interested citizens. For more information about the lecture or the center, call (785) 864-7500.

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