The Purdue University Board of Trustees on August 2, 2019, ratified named faculty members, including PURCE Director Dr. Kevin Mumford.
Mumford was named the Kozuch Director of the Purdue University Research Center in Economics (PURCE), thanks to a donor's generosity. The donor is a Purdue alum and a longtime supporter of Krannert.
Purdue University Provost Jay T. Akridge presented Mumford with the honor at the Board of Trustees Academic and Student Affairs Committee meeting.
2018-2019 Annual Report
PURCE's 2018-2019 annual report highlights the center's activities and growth, including a 138% increase in media audience over the previous year and the launch of our Economic Scholars program, with 12 students receiving scholarships.
- Published 24 research articles and presented at 83 conferences
- Increased the number of faculty affiliates to 28
- Funded 11 economics Ph.D. student fellowships
- Funded teaching economics to 306 additional undergraduate students
- Launched our Economic Policy Lunch series
- Welcomed 750 participants to 6 PURCE events
Read our full annual report here.
Economic Ideas Forum
Our second annual day-long Economic Ideas Forum brought together community, business and government leaders, students and faculty, and guest Dr. Doug Irwin for discussions on crucial economic topics.
The April 18, 2019, event began with PURCE donors and supporters gathering for a private lunch featuring a talk by Irwin, the John French Professor of Economics at Dartmouth College and the preeminent economic historian of U.S. trade and trade policy over the past 150 years.
Irwin then joined a small group of econ students, who had read his most recent book, "Clashing over Commerce: A History of U.S. Trade Policy" (University of Chicago Press, 2017), for a discussion. Irwin is known for his engaging speaking and teaching -- he has more than 25 years of teaching experience.
The Forum continued with an afternoon of PURCE faculty sessions in Krannert's Rawls Hall, bringing concerned guests into the classroom. Our Forums are free and open to all.
Attendees could choose from one of three sessions offered in three time slots:
Tim Moore on the opioid crisis
Huseyin Gulen on the real and financial effects of policy uncertainty
Joe Mazur on the economics of antitrust policy
Victoria Prowse on the science of motivation
John Umbeck on the unintended effects of regulation
Timothy Bond on discrimination in the labor market
Lynne Kiesling on economic regulation and digital electricity platforms
Jillian Carr on crime and poverty
Trevor Gallen on inequality in the United States
We capped the day with an evening fireside chat and Q&A in Stewart Center's Fowler Hall, featuring Irwin, David Hummels, the Dr. Samuel R. Allen Dean of the Krannert School of Management; and Krannert Associate Dean David Schoorman.
The three discussed trade policy and negotiations. The Fowler Hall event is available to view on Krannert's YouTube channel.
The Fowler Hall lecture was a part of Purdue’s Ideas Festival, the centerpiece of Purdue’s Giant Leaps Sesquicentennial Campaign, which is a series of events that connect world-renowned thought leaders and Purdue experts in a conversation on the most critical problems facing the world.
Our Forum was made possible by the generous support of the Hugh and Judy Pence family.
Stay tuned for details of our 2020 Economic Ideas Forum.
Case & Deaton
Krannert had the honor of welcoming to campus Princeton economists Dr. Anne Case and Nobel Laureate Sir Angus Deaton on March 26, 2019. The husband and wife team participated in two Q&A sessions with Purdue faculty and staff moderated by Krannert Associate Professor of Economics and PURCE faculty affiliate Dr. Tim Moore, and also hosted an evening Fowler Hall lecture.
Case and Deaton write extensively on the connections between economic status and poor physical and mental health in America. Their research suggests that worsening labor market opportunities for less educated whites have caused several cumulative disadvantages for middle-aged people, such as worsened marriage and child outcomes as well as poor overall health.
They discussed these complex issues during the Q&As and also during the free, open to the public presentation in Stewart Center. "Inequality, Deaths of Despair, and the Future of Capitalism" was part of the University's Giant Leaps Series. Read coverage of that event here.
Seen here are, from left, Anne Case, PURCE Associate Director Lynne Kiesling, PURCE Director Kevin Mumford, and Angus Deaton.