8/29/02

Dina Kanellos, 334/844-2203

AUBURN'S GARRISON TO VISIT LONDON SCHOOL OF ECONOMICS

AUBURN -- Roger W. Garrison, an economics professor at Auburn University, will be the first Hayek Visiting Fellow at the London School of Economics and Political Science in spring 2003.

Garrison has been invited to spend a month -- starting in mid-May -- at the school's Suntory and Toyota International Centers for Economics and Related Disciplines.

The newly instituted visiting fellow program is named for Austrian-born Friedrich von Hayek, who taught at the London School of Economics in the 1930s and 1940s and won the Nobel Prize for economics in 1974.

Garrison has written and lectured on Hayekian ideas for several years. His latest book, Time and Money: The Macroeconomics of Capital Structure, extends the theory of business cycles into a more encompassing capital-based macroeconomics.

As a Hayek Visiting Fellow, Garrison will conduct seminars and interact with faculty and students at LSE. He also plans to lecture and participate in programs at the London-based Institute for Economic Affairs.

Garrison, who received his doctorate from the University of Virginia, has been on the faculty at AU Department of Economics since 1978.

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