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CEPA Events: Bernard L. Schwartz Lecture Series The World Economy After the U.S. Recession: Bob Kerrey Interviews Robert Rubin and Stanley Fischer
New School University and CEPA were host on April 30, 2002 to the first lecture in the Bernard L. Schwartz Lecture Series and Project in Markets, Equality and Democracy, "The World Economy After the U.S. Recession: Bob Kerrey Interviews Robert Rubin." New School University President Bob Kerrey interviewed former U.S. Treasury Secretary Robert Rubin and was joined by economist Stanley Fischer. New School University President Bob Kerrey remarked in advance of the lecture, "I'm thrilled that Robert Rubin will be our first distinguished lecturer in the inaugural event of the Bernard L. Schwartz Lecture Series. As Treasury Secretary Robert Rubin guided the U.S. and world economies on a path of unprecedented growth. Over the years he has become one of the key shapers of public policy in America. The discussion reflects what our new Bernard L. Schwartz initiative is all about." The topics discussed included: the Bush administration's economic policies (in particular, the consequences of planned tax cuts and budget deficits); Bush's energy policy; the role of the Federal Reserve in today's economy; the Enron scandal and business ethics. Kerrey also interviewed Rubin on the regulation of international finance: the economic collapse of Argentina and how we can avoid such catastrophes in the future. The discussion concluded with a look at the future of the Democratic Party, focusing on the new role of the Democrats as fiscal conservatives and free traders. A graduate of Harvard University, Robert Rubin also attended the London School of Economics before receiving his law degree from Yale in 1964. Rubin joined the investment firm of Goldman, Sachs Co. in 1966, becoming general partner in 1971 and eventually becoming co-chairman of the firm. He served as director of the National Economic Council under President Bill Clinton and in 1995 succeeded Lloyd Bentsen as Treasury Secretary. During his tenure, Rubin worked to stabilize the value of the dollar. He held the post during a long boom, and some analysts credit his policies for the massive U.S. economic growth of the late 1990s. He resigned in 1999 and was succeeded by his deputy, Lawrence Summers. Robert Rubin is now a co-chairman of the Citigroup financial services company. Stanley Fischer served as First Deputy Managing Director of the International Monetary Fund from September 1994 to August 2001 and as Special Adviser to the Managing Director from September 1, 2001 until January 31, 2002. Prior to taking up his position at the Fund, Fischer was the Killian Professor and the Head of the Department of Economics at MIT. He holds a B.Sc. and M.Sc. (Economics) from the London School of Economics and obtained his Ph. D. in Economics from MIT. He is the author of Macroeconomics (with Rudi Dornbusch) and of several other books. He has published extensively in professional journals. The Bernard L. Schwartz Lecture Series and Project in Markets, Equality and Democracy is a four-year project that includes a series of high profile public lectures, research workshops, scholarly books, doctoral dissertations and public policy briefs aimed at understanding the conditions under which the profit-seeking activities of private firms also serve broader social goals, including the creation of good jobs, the improvement of public health and educaton, the diffusion of socially-useful new technologies and the reduction of economic inequality. The project is based at the Graduate Faculty's Center for Economic Policy Analysis (CEPA), which is one of New School University's most prominent research centers. |
Tuesday, April 30, 2002, 7:00 p.m.