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A lecture and book signing by noted economist Jeff Madrick
The event is free and open to the public
WHAT: ’Greed will always be with us,’ writes Jeff Madrick, ’but it rises and falls with the times.’ In AGE OF GREED: The Triumph of Finance and the Decline of America, Madrick brings a narrative history of how greed bred America’s economic ills over the past forty years—and in so doing tells us how we got to the crisis of 2008 and to the perilous situation we now face. At Cooper Union, he will talk about the impact of the 1970s—a decade of punishingly high inflation and unemployment. Madrick will also address how taxes and economic policies contributed to the nation’s ills. A 50-year-old, free-market economic theory was resurrected to justify weakening or eliminating government regulation and social programs. Businesses organized aggressive, well-financed lobbying efforts to support such views. The single-minded pursuit and justification of self-interest has risen to levels of increasing destructiveness. AGE OF GREED is a history of this era, told through the lives of the individuals most responsible for it.
WHO: Jeff Madrick, a professor of economics at Cooper Union, faculty of Humanities and Social Sciences, is a contributor to the New York Review of Books and a former economics columnist at the New York Times. His previous books include The End of Affluence and Taking America, and he has written for The Washington Post, the Los Angeles Times, Institutional Investor, The Nation, and The American Prospect.
WHEN: June 2, 2011, 6:30 pm
WHERE: Cooper Union, Rose Auditorium, 41 Cooper Square (entrance on 7th St. at 3rd Ave.), NYC 10003. Subways: Astor Place (6), 8th Street (N, R)
ADMISSION: Free and open to the public.
FOR MORE INFO. 212. 353.4195, www.cooper.edu
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The Cooper Union for the Advancement of Science and Art is a distinguished private college of art, architecture and engineering founded in 1859 by Peter Cooper, an inventor, industrialist and philanthropist. Since its founding, all admitted students have received full-tuition scholarships.
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