NEW SCHOOL UNIVERSITY ANNOUNCES LECTURE:
"THE WORLD ECONOMY AFTER THE U.S. RECESSION: BOB KERREY INTERVIEWS ROBERT RUBIN"

TUESDAY, APRIL 30, 2002, 7:00 PM

(New York, NY - April 2, 2002) New School University announces 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 will interview former U.S. Treasury Secretary Robert Rubin and will be joined by economist Stanley Fischer on Tuesday, April 30, 2002 from 7-8:30 p.m. in Swayduck Auditorium, New School University, 65 Fifth Avenue Street, NYC. For more information, please call 212-229-5662, ext. 250.

New School University President Bob Kerrey remarked, "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 that will be discussed include: 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 will also interview Rubin on the regulation of international finance: How the Argentina collapse occurred, and how we can avoid future Argentinas. The discussion will conclude 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 education, 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.

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The Economics Department at the Graduate Faculty of New School University has been an international center of research and teaching in political economy for over 50 years. Led by pioneering critical economic thinkers including Adolph Lowe and Thorstein Veblen in the 1930s and 1940s when the Graduate Faculty gained worldwide renown as the University in Exile, the New School Economics Department continued under the leadership of such scholars as Robert Heilbroner, David Gordon and John Eatwell. The department remains committed to Robert Heilbroner’s ideal of economics as a "worldly philosophy" of human social and political life, which can guide the powerful tools of mathematical and statistical method.

The Graduate Faculty of Political and Social Science awards M.A. and Ph.D. degrees in anthropology, economics, philosophy, political science, psychology, and sociology. In addition, interdisciplinary M.A. degree programs are offered in historical studies and liberal arts. The Graduate Faculty has an enrollment of about 1,050 students. International students comprise nearly 30% of the student body and come from about 70 different countries. For further information on the Graduate Faculty, call (212) 229-5777 or go to the Web site a: www.newschool.edu.

New School University, with 7,000 matriculated students and 25,000 continuing education students, is a New York City university comprised of a liberal arts foundation of three schools: The New School, Graduate Faculty of Political and Social Science, and Eugene Lang College and five professional schools: Parsons School of Design, Mannes College of Music, Milano Graduate School of Management and Urban Policy, Jazz and Contemporary Music Program, and Actors Studio Drama School. New School Online University offers one of the largest selections of online courses in the nation. For further information about admission to New School University, call (877) 528-3321 or go to the Web site at www.newschool.edu.