5 Nobel Laureates in Economics Discuss Entrepreneurship and Development

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  |  Boston, MA

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Professors Samuelson, Klein, Maskin, Phelps and Merton offer their perspectives.

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  • Professor Robert C. Merton
  • Eric Maskin
  • Paul Samuelson
  • Legatum Center Director, Iqbal Quadir, moderates a panel with Nobel Laureates Maskin, Klein, Merton and Phelps Legatum Center Director, Iqbal Quadir, moderates a panel with Nobel Laureates Maskin, Klein, Merton and Phelps
  • If the Legatum Center can somehow stir innovation efforts and techniques for the very poor, it will fill an important niche.  Legendary Economist Paul A. Samuelson sharing his thoughts on the Legatum Center
  • Nobel Laureates posing for pictures with Iqbal Z. Quadir (Legatum Center Founder and Director) and Michael F. Maltese (Legatum Center Managing Director).

Speakers

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Iqbal Z. Quadir

Founder and Director
Legatum Center for Development and Entrepreneurship, MIT

"Historically, economic success stories are overwhelmingly entrepreneurially driven, bottom-up processes. Entrepreneurs push their governments to accountability. This is the approach developing countries should take." >>see interview

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Paul A. Samuelson

1970 Nobel Laureate (Economics)
Institute Professor Emeritus, MIT

"Acknowledging that the very poor have gained little from globalization, Paul Samuelson commends the Legatum Center for supporting innovation that has the potential to extend globalization's benefits to the poor."  >>see interview

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Eric S. Maskin

2007 Nobel Laureate (Economics)
Albert O. Hirschman Professor of Social Science, Institute for Advanced Study

Eric Maskin highlights the incentive for entrepreneurs to invest in a well-trained work force, thus affirming entrepreneurship as a means to promote the skill development that will allow workers access to global markets.

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Lawrence R. Klein

1980 Nobel Laureate (Economics)
Benjamin Franklin Professor Emeritus, University of Pennsylvania

Lawrence Klein illuminates disparities in the effectiveness of poverty alleviation across regions, and highlights the role of microcredit in promoting growth.

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Edmund S. Phelps

2006 Nobel Laureate (Economics)

McVickar Professor of Political Economy

Director of the Center on Capitalism and Society, Columbia University

Noting that 20th century economic theory has paid little credence to human capital, Edmund Phelps underscores the role of human capital in spurring growth through innovation in low-income countries.

 

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Robert C. Merton

1997 Nobel Laureate (Economics)
John and Natty McArthur University Professor, Harvard Business School

According to Robert C. Merton, "being able to develop the right infrastructure to support innovation, to support entrepreneurial effort, to support the development of the economy, has big payoffs and the opportunity to do so, I think, is there."