International Economists To Attend Econometric Society Summer Meeting at Caltech

PASADENA—Nobel Prize-winning economist Robert E. Lucas Jr. will give the Presidential Address at the 1997 North American Summer Meeting of the Econometric Society, to be held June 26-29 at the California Institute of Technology.

The event will bring in 300 participants and 200 invited and contributed papers from 22 countries. Meetings will take place in several lecture halls on the Caltech campus.

Lucas, who will speak on "Inflation and Welfare," will be joined by four other plenary lecturers during the four-day event. Other speakers will include Andreu Mas-Colell of the Universitat Pompeu Fabra in Barcelona on "Sequential Price Equilibrium"; Martin Eichenbaum of Northwestern University on "Money, Market Frictions, and the Business Cycle"; Darrell Duffie of Stanford University on "The Valuation of Defaultable Debt"; and Robert Wilson of Stanford University on "Activity Rules for Power Markets."

The Econometric Society is the leading scientific organization of economists in the world. Founded in the early 1930s, its main object is to study economic problems in a manner "similar to that which has come to dominate in the natural sciences."