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Release: Immediate

Visiting professor presents economics lecture

IOWA CITY, Iowa -- Robert Townsend, the Charles E. Merriam Professor at the University of Chicago, will present "From Economic Theory to Social Reality...and Back" Tuesday, Feb. 25 from 8 to 10 p.m. in Room W151 of the University of Iowa's John Pappajohn Business Administration Building.

Sponsored by the department of economics, Townsend is the Ida Beam Distinguished Visiting Professor. The lecture is free and open to the public.

Townsend, one of the world's leading economists studying the design of institutions that allocate risk, will lecture on the interplay between measurement and economic theory of behavior. The lecture brings together historical episodes, a variety of countries and some contemporary policy issues.