The Ninth Annual Grotius Lecture
4:15 pm - 7:00 pm
The Grotius Lecture is sponsored by the International Legal Studies Program at American University Washington College of Law and the American Society of International Law. The 2007 distinguished featured lecturer is Joseph E. Stiglitz, University Professor at Columbia University in New York and Chair of Columbia University's Committee on Global Thought. He is also the co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information. Stiglitz helped create a new branch of economics, "The Economics of Information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. A reception will follow the lecture. The event is free and students, faculty and staff are encouraged to attend.