How Economics Professors can stop failing us

Tuesday April 3rd, 2018 from 7PM to 8:30PM
At the The School of Economic Science in London

Steve Payson, an US economics practictioner of long standing, will talk about his book ‘How Economics Professors Can Stop Failing us’ which provides an eye-opening expose on economics professors that will surely shock anyone who is not familiar with the topic, and even some of those who are familiar with it. Economists have a huge influence on policy so surely we would expect them to be ethical and diligent. If they are not, maybe we should all have had ‘enough of experts’.

Ellen Quigley has recently completed her research into economics education in the UK and will provide a perspective on our local profession.

Following discussion, there will be a wine reception.

Steven Payson has over 32 years of professional experience in economics, having worked as an economic consultant for over three years at ICF Incorporated (starting in 1979), as an associate at the Inter-American Development Bank (from 1987 to 1991), and as federal government economist for more than 25 years at the National Science Foundation and the Departments of Agriculture, Commerce, and Interior.

He has also taught economics, as an adjunct faculty member, at Columbia University, Trinity College (in Washington, DC), American University, Marymount University (in Virginia), Virginia Tech, and most recently Georgetown University where he taught classes on the “Economics of Technology, Innovation, and Growth.” In 2006, Steven founded the Association for Integrity and Responsible Leadership in Economics and Associated Professions (AIRLEAP®), a not for profit organization whose Board of Directors is chaired by Distinguished Professor Deirdre McCloskey.

For the past 11 years he has been the Executive Director of AIRLEAP, where he has organized many conference sessions and training seminars for economists on professional ethics, scientific integrity, and leadership responsibility, featuring many of the world’s most leading experts on these topics. In 2009-10 he also served as the President of the Society of Government Economists.

His most-recent publication is “How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads (Rowman and Littlefield, August 2017) and The Downsizing of Economics Professors: How It Will Happen, and Why It Will Succeed (Rowman and Littlefield, in press). Steven received a Bachelor of Arts Degree in 1979 from Wesleyan University in Connecticut with a double-major in Mathematics and Bio-psychology, a Master of Science Degree in Economics from the London School of Economics in 1982, and a Ph.D. in Economics from Columbia University in 1991. For work he has performed in the government, Dr. Payson received a Bronze Award from the Bureau of Economic Analysis, and a Gold Award from the Department of the Interior.

Ellen Quigley holds a doctorate in economics education from the University of Cambridge and is a World Economic Forum Global Shaper. She was appointed to the University of Cambridge Ethical Investment Working Group in 2015 and is a founding member of Positive Investment Cambridge (PIC), a responsible investment coalition of 300 Oxbridge academics and students from all 31 colleges. She is also a co-founder of Positive+Investment, an international outgrowth of PIC. Her particular focus is on institutional investors such as pension funds, university endowments, and sovereign wealth funds.

Ellen holds a B.A. in English and American Literature and Language from Harvard University and an MSc in Nature, Society, and Environmental Policy from the University of Oxford. Ellen has lectured at Oxford, Cambridge, and Edinburgh Universities, inter alia, on the topics of economics education and ethics, the transition to a low-carbon economy, and positive investment. She is currently the Senior Programme Manager for the Cambridge Institute for Sustainability Leadership’s Investment Leaders Group, a coalition of investors representing $4 trillion in assets under management.

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