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"The Long Term Trends in Social Welfare Spending in the United States and the Nordic Countries" Guest Lecture

  • Date: Thursday, November 16, 2017
  • Time: 7:00 pm
  • Location: Valders 206

Price Fishback, the Thomas R. Brown professor of economics at the University of Arizona, will present the annual Phi Beta Kappa Visiting Scholar lecture on "The Long Term Trends in Social Welfare Spending in the United States and Nordic Counties" at 7 p.m. Thursday, Nov. 16, in Valders 206. Fishback is the current executive director of the Economic History Association and a research associate with the National Bureau of Economic Research. Sponsored by Luther's Phi Beta Kappa chapter, this lecture is open to the public with no charge for admission.

Despite the notion that the United States and the Nordic regions are opposites in their social welfare spending, Fishback argues that the United States spends the same or more than Nordic countries, but that they do so in far different ways. He uses the Organization for Economic Co-operation and Developments' definition of social welfare spending, which states that it "includes pure transfer payments in dollars and in kind to the poor; spending by social insurance programs like old-age pensions, workers' compensation, unemployment insurance and Medicare; and other expenditures on healthcare." Fishback will be comparing the culture of social welfare in the US with Nordic countries. He is also very interested in sustainable agriculture and the economic pressures on agricultural practices.

Questions? Contact Julie Trytten, 563-387-1865