Nobel Prizewinner and former World Bank chief economist Professor Joseph E Stiglitz will share his views on fair trade when he delivers the first Clare Distinguished Lecture in Economics and Public Policy this evening (31 January).

The Columbia University professor, who was Chief Economist at the World Bank from 1997-2000 and won the Nobel Prize in Economics in 2001, hit the headlines earlier this month when he predicted that the Iraq war could cost the US economy more than two trillion dollars. The White House had forecast in 2002 that the war would cost between US$100 billion and US$200 billion.

Professor Stiglitz’s lecture this evening will highlight the ideas explored in his latest book, ‘Fair Trade For All: How Trade Can Promote Development’ (Oxford University Press, 2005), co-written with Andrew Charlton of LSE.

His lecture is the first in a series of Clare Distinguished Lectures in Economics and Public Policy, aimed at encouraging the interface between business and academia and enhancing the reputation of Clare College and the University of Cambridge in the fields of economics and public policy. The series has been funded by The Smithers & Co Charity, founded by Andrew Smithers, an alumnus of Clare College who graduated in Economics in 1959.

The lecture is open to all and takes place at 5pm this evening in Lecture Room LG18 at the Faculty of Law on West Road, Cambridge. Financial Times commentator Martin Wolf will act as discussant.


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