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ACCF Capital Formation Newsletter
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Capital Formation Newsletter
November-December, 2007, Vol. 32, N0. 6
Clinton Advisor Speaks at ACCF Forum
Nobel Laureate Edward C. Prescott Named ACCF Center
for Policy Research Distinguished Fellow in Macroeconomics
Noted International Trade Theorist Jagdish
Bhagwati Joins Center Board of Scholars
(PDF
Version)
Clinton Advisor Speaks at ACCF Forum
Gary Gensler, Senior Advisor on the Hillary Clinton for
President Campaign. |
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The Honorable Gary Gensler, former Under Secretary of the
Treasury responsible for policies in the areas of U.S. financial
markets, debt management, financial services and community
development in the Clinton Administration and currently a
Senior Advisor on the Hillary Clinton for President Campaign,
spoke at the October 23 session of the ACCF forum, Conversations
with the Senior Advisors to the 2008 Presidential Candidates.
Mr. Gensler outlined several of the economic policy issues
Senator Clinton is addressing in her campaign and her proposals
to solve the problems. Senator Clinton believes that America’s
middle class is under siege, Mr. Gensler said.
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Mr. Gensler outlined several of the economic policy issues Senator
Clinton is addressing in her campaign and her proposals to solve the
problems. Senator Clinton believes that America’s middle class is
under siege, Mr. Gensler said. The increase in national wealth over
the years has pulled toward the top end of the income scale but middle
class incomes have been essentially flat. At the same time, the cost
of essentials like health care, education, and energy, among other
basic needs, continues to rise and there is increasing anxiety in
the housing market. Senator Clinton wants to strengthen the middle
class and restore the basic bargain: If you work hard and do your
part, you can build a better life for yourself and your family.
Among Senator Clinton’s policy priorities are making health care
affordable and accessible for every American, providing retirement
secu-rity by rewarding saving and protecting pensions, and making
college more affordable, among others. She has also developed proposals
to bring about greater fairness in employment, trade and the tax
code.
Mr. Gensler talks with Karen Kerrigan, Chairman, Small Business
& Entrepreneurship Council;
Dr. Margo Thorning, ACCF Senior Vice President and Chief Economist;
and Usha-Maria Turner, Environmental Regulatory Manager, Luminant,
at ACCF forum.
For more information on Conversations with the Senior Advisors
to the 2008 Presidential Candidates, contact Mark Bloomfield, ACCF
president and CEO, at mabloomfield@accf.org.
Nobel Laureate Edward C. Prescott Named ACCF
Center for Policy Research Distinguished Fellow in Macroeconomics
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Edward C. Prescott, the W.P. Carey Chair of Economics in
the W.P. Carey School of Business, Arizona State University,
a senior monetary advisor at the Minneapolis Federal Reserve
Bank, and a 2004 Noble laureate in economics, is the ACCF
Center for Policy Research’s Distinguished Fellow in Macroeconomics
for 2007. Professor Prescott received the Nobel Prize for
his lifetime of original thinking that has addressed some
of the most important long-standing questions in macroeconomics.
He shared the prize with Professor Finn E. Kydland of Carnegie
Mellon University and the University of California, Santa
Barbara.
Professor Prescott is known for his seminal work in policy
analysis, business cycles, economic development, general equilibrium
theory, and finance. His examination of time inconsistency
in the context of government policymaking has helped shape
the debate over the effec-tiveness of rules versus discretion
in the conduct of economic policy. His work on business cycles
has recast the way
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economists think about economic fluctuations, arguing that they represent
the optimal response of the economy to various shocks. Professor Prescott’s
2000 book, Barriers to Riches, argues that barriers to technology
adoption are the dominant cause of the large differences in standards
of living across countries. Known as being one of the most prolific
producers of Ph.D. students in the economics profession, he has always
generously offered his time, energy and inspiration to each of his
students. Professor Prescott is a member of the Center’s Board of
Scholars.
Noted International Trade Theorist Jagdish
Bhagwati Joins Center Board of Scholars
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The ACCF Center for Policy Research is pleased to announce
that Jagdish Bhagwati, University Professor at Columbia University
and Senior Fellow in International Economics at the Council
on Foreign Relations, has joined the Board of Scholars of
the ACCF Center for Policy Research.
Professor Bhagwati has been Economic Policy Adviser to Arthur
Dunkel, Director General of GATT (1991-93), Special Adviser
to the UN on Globalization, and External Adviser to the World
Trade Organization (WTO). He has served on the Expert Group
appointed by the Director General of the WTO on the Future
of the WTO and the Advisory Committee to Secretary General
Kofi Annan on the New Partnership for Africa's Development
(NEPAD) process in Africa, and was also a member of the Eminent
Persons Group under the chairmanship of President Fernando
Henrique Cardoso on the future of United Nations Conference
on Trade and Development (UNCTAD). Five volumes of his scientific
writings and
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two of his public policy essays have been published by MIT Press.
He is the recipient of six festschrifts in his honor (celebratory
publications presented by the authors and published in honor of someone).
Professor Bhagwati has also received several prizes and honorary degrees,
including awards from the governments of India (Padma Vibhushan) and
Japan (Order of the Rising Sun, Gold and Silver Star). His latest
book, In Defense of Globalization, was published by Oxford
University Press in 2004 to worldwide acclaim. |
Capital
Formation is published by the American Council for Capital Formation,
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of Columbia. Editor-in-Chief: Charls E. Walker, Chairman and Founder.
Editor: Mark A. Bloomfield, President. Associate Editors: Mari Lee Dunn,
Senior Vice President and Chief Administrative Officer; Margo Thorning,
Senior Vice President and Chief Economist; Pinar Çebi, Research
Economist. Capital Formation is distributed to ACCF supporters,
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