The current economic and financial crisis didn’t happen overnight. It has been building for the past 20 years, its impact made deeper by Americans who racked up more and more consumer debt, according to economist Steven Fazzari, Ph.D., professor of economics in Arts & Sciences and associate director of the Murray Weidenbaum Center on the Economy, Government, and Public Policy.
Fazzari will discuss the conditions that have contributed to the economic turmoil and share his research regarding what’s in store for the future in his Assembly Series presentation, “The U.S. Economy in the Consumer Age” at 4 p.m. Wednesday, Sept. 24, in the Women’s Building Formal Lounge.
His conclusion will include a discussion of how, if at all, the major policy steps proposed by the presidential candidates address the deepening recession.
Fazzari has taught economics at WUSTL since 1982, chairing its department for six years. His teaching and research focus on the financial determinants of investment and research and development spending by U.S. firms and the foundations of Keynesian macroeconomics.
Widely regarded for his classroom presentations, Fazzari has received the 2002 Missouri Governor’s Award for Teaching Excellence, and, in 2007, he received the Emerson Excellence in Teaching Award and the University’s Distinguished Faculty Award.
At WUSTL, he has been recognized for his teaching by the Inter-Fraternity Council and the Arts and Sciences Council and received special recognition for excellence in mentoring graduate students. He has served in advisory positions that include the Federal Reserve Bank of St. Louis.
Fazzari earned bachelor’s and doctorate degrees from Stanford University.
The event is free and open to the public. For more information on this Assembly Series program or others, visit assemblyseries.wustl.edu or call 935-4620.