First Lecture

The Department of Economics

The Emile Grunberg Lecture Series

First Grunberg Lecture - 1988

Professor Herbert A. Simon Carnegie-Mellon University Nobel Prize in Economics, 1978 "The Psychology of Scientific Discovery" Professor Simon won the Nobel Prize for his research into the decision-making process within economic organizations. He proposed that individuals and organizations, possessing incomplete knowledge and facing unknown risks, set goals that represent reasonable levels of achievement rather than maximize profits or satisfaction. His further explorations into human reasoning have made major contributions to the fields of psychology, computer science, and artificial intelligence, as well as economics and administration.

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(Click a lecture for more information.)

•      The Second Lecture, 1989, William Cooper (Von Neumann Medal 1982)
•      The Third Lecture, 1990, Franco Modigliani (Nobel 1985)
•      The Fourth Lecture, 1991, Richard Cyret
•      The Fifth Lecture, 1992, James Tobin (Nobel 1981)
•      The Sixth Lecture, 1993, Robert Solow (Nobel 1987)
•      The Seventh Lecture, 1994, Kenneth Arrow (Nobel 1972)
•      The Eighth Lecture, 1995, Lawrence Klein (Nobel 1980)
•      The Ninth Lecture, 1996, Harry M. Markowitz (Nobel 1990)
•      The Tenth Lecture, 1997, Douglas C. North (Nobel 1993)
•      The Eleventh Lecture, 1998, James A. Mirrlees (Nobel 1996)
•      The Twelfth Lecture, 1999, Robert W. Fogel (Nobel 1993)
•      The Thirteenth Lecture, 2000, Herbert A. Simon (Nobel 1977)
•      The Fourteenth Lecture, 2001, Joseph Stiglitz (Nobel 2001)
•      The Fifteenth Lecture, 2002, James A. Heckman (Nobel 2000)
•      The Sixthteenth Lecture, 2004, Vernon L. Smith (Nobel 2002)
•      The Seventeenth Lecture, 2006, Finn Kydland (Nobel 2004)
•      The Eighteenth Lecture, 2008, George Akerlof (Nobel 2001)