Nobel laureate to give economic presentation at Western Washington University

DAVE GALLAGHER - THE BELLINGHAM HERALD

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Nobel laureate Vernon L. Smith will come to Western Washington University's campus to discuss a precursor to the economic crisis in a presentation titled "The Housing Bubble that Engulfed the Economy, 1997-2006: Parallels with the 1920s."

The presentation is free and open to the public, and will take place at 10 a.m. on Friday, June 5, in Fraser Hall 3.

Smith will discuss parallels between the recent housing bubble and the housing and financial market boom in the 1920s that lead to the crash of 1929 and subsequently the Great Depression.

Smith, winner of the Nobel Memorial Prize in Economic Sciences in 2002, is currently professor of Economics and Law at Chapman University and a distinguished fellow of the American Economic Association. He has authored or co-authored more than 200 articles and books on capital theory, finance, natural resource economics and experimental economics.

Smith's talk at Western is connected to an economic conference organized by Western's College of Business and Economics June 4-6 at the Hotel Bellwether. The conference will assemble nine experts, including Smith, to share their perspectives on the emerging field of behavioral economics.

For more information on the presentation, please contact Angela Andreassen, WWU College of Business and Economics, 650-2785 or Angela.Andreassen@wwu.edu.