Past Event

The 13th Annual Kenneth J. Arrow Lecture with David M. Kreps

December 13, 2021
6:00 PM - 7:30 PM
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International Affairs Building, 420 W. 118 St., New York, NY 10027

The 13th Annual Kenneth J. Arrow Lecture features David M. Kreps, Professor Emeritus, Economics and The Adams Distinguished Professor of Management, Emeritus, at Stanford University. Professor Kreps will present "Not Every Couple Should Have a Prenup: How the Context and History of Exchange Affects Personal Preferences, and Why This Matters Both to Economic Theory and to Practical Human Resource Management."

Introductory remarks by: José Scheinkman, Charles and Lynn Zhang Professor of Economics, Columbia University

Discussants: Alessandra Casella (Chair), Professor of Economics and Political Science, Columbia University

Suresh NaiduProfessor of Economics and International and Public Affairs, Columbia University

Joseph E. Stiglitz, 2001 Nobel Laureate in Economic Sciences and University Professor, Columbia University

Gary Becker once wrote that economic reasoning implied that "Every couple should have a contract." In this lecture, David M. Kreps will offer a counter-argument, suggesting that: (1) in social exchange, both the context and the history of the exchange changes personal preferences in systematic ways; (2) these effects are of significance in particular in human resource management; and (3) they present challenges to the economic concept of efficiency that economists must confront.

Learn more about the Kenneth J. Arrow Lecture Series here>> 

Please note:

  • In-person attendance is open to CUID holders only (students, faculty, and staff from Columbia University). 
  • Online registration is required and seating is limited on a first-come, first-served basis.

For the general public, this event will be livestreamed here.

Co-sponsored by: Columbia SIPA's Center on Global Economic GovernanceColumbia Economics Program for Economic Research, and Columbia University Press.

Contact Information

Center on Global Economic Governance