The very first Festival for New Economic Thinking will take place on 19-20 Oct 2017 in Edinburgh (Scotland) prior to the INET 2017 Conference, taking place from 21-23 Oct 2017.
The Festival brings together organizations and individuals that seek to improve the way economics is taught, studied, and practiced. It provides a forum to share ideas and resources with students, academics, and the wider public.
With content from many organizations within the same large event space, participants can explore exhibits, watch screenings, take part in workshops, and learn from inspiring speakers. Actively celebrating and embracing different perspectives and schools of economic thought, the Festival for New Economic Thinking aims to provide fertile ground for the future of economics.
Keynote speakers include George Akerlof, American economist, Professor at the University of Georgetown and Koshland Professor of Economics Emeritus at the University of California, Berkeley.
Akerlof’s research is centered around economic theory but often draws from other disciplines such as psychology, anthropology, and sociology. He won the 2001 Nobel Prize in Economics (shared with Michael Spence and Joseph E. Stiglitz). Akerlof graduated from the Lawrenceville School and received his B.A. degree from Yale University in 1962, and his Ph.D. degree from MIT in 1966, and has taught at the London School of Economics.
Akerlof is perhaps best known for his article, “The Market for Lemons: Quality Uncertainty and the Market Mechanism”, published in Quarterly Journal of Economics in 1970, in which he identified certain severe problems that afflict markets characterized by asymmetrical information