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The University of Macau (UM) will hold the Distinguished Lecture Series in Economics —“Are Recessions Inevitable?” at the Cultural Centre of UM on 1 February at 17:15. Prof.Sir James Mirrlees, 1996 Nobel Laureate in Economics and Distinguished Professor of Economics of UM will be the speaker.
For many reasons future production and incomes are uncertain. That means the world economy will not grow steadily. It is to be expected that there will be periods of fairly constant growth interrupted by unusual booms and slumps. But crises have often been bigger than changing technology and natural events can explain. The lecture will discuss the contribution of government fiscal policies and private finance to these crises, and whether they might have a better impact in future.
For more details about this news, please refer to the chinese press release.
