University of Scranton to Host Lecture on the Value of Money

The Value of Money: Currencies, Bonds, Bitcoin” will be discussed at The University of Scranton’s 35th Henry George Lecture on Wednesday, Nov. 17. The lecture, presented by Yuliy Sannikov, Ph.D., the Jack Steele Parker Professor of Economics at the Stanford Graduate School of Business, will begin at 7:30 p.m. in the McIlhenny Ballroom of the DeNaples Center.

The lecture is free of charge and open to members of the University community and invited guests.

Dr. Sannikov is an economic theorist whose work has not only broken new ground in methodology, but has had a substantial influence on applied theory. He has made significant contributions to the study of dynamic games, which have applications for the design of securities, contract theory, macroeconomics with financial frictions, market microstructure and collusion.

Dr. Sannikov’s work highlights how even simple and well-studied models can yield new insights. His most recent work tackled complex models in finance and macroeconomics. His methods allow models to include the most important forces and deliver results that are much more relevant. He is one of the few theorists in many years to have introduced a truly novel tool that changed the way theory is done.

Dr. Sannikov was awarded the John Bates Clark Medal in 2016. The Clark Medal is awarded annually to the American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge. He received the Fischer Black Prize in 2015 and the Kiel Excellence Award in Global Economic Affairs in 2014.

Dr. Sannikov’s numerous scholarly articles have appeared in Econometrica, The American Economic Review: Macroeconomics, The Journal of Finance, The Review of Economic Studies and several other journals. 

Dr. Sannikov received a bachelor’s degree in mathematics from Princeton University in 2000 and a Ph.D. in business administration from the Stanford School of Business in 2004. He was a professor in economics at Princeton University from 2008 to 2016.   

Considered the preeminent public lecture series on economics in Northeastern Pennsylvania, the Henry George Lecture Series is presented by the University’s Economics and Finance Department and the campus chapter of Omicron Delta Epsilon, an international honor society for economics. Among the distinguished list of speakers who have spoken at previous lectures are 11 winners of the Nobel Prize in Economics: David Card (2021), Paul Romer (2018), Robert Shiller (2013), Tom Sargent (2011), Peter Diamond (2010), Paul Krugman (2008), Joseph Stiglitz (2001), George Akerlof (2001), Amartya Sen (1998), Robert Lucas (1995) and Robert Solow (1987). The lecture series is named in honor of the 19th century American economist and social reformer and is supported financially by a grant from the Robert Schalkenbach Foundation.

For more information about the Henry George Lecture, call 570-941-4048 or email janice.mecadon@scranton.edu. For information regarding campus access and other health and safety information, visit the Royals Back Together webpage.