CFAES Give Today

School of Environment and Natural Resources


Sustainable & Resilient Economy Discussion

Nov 20, 2015, 12:00pm - 1:00pm
Thursday, November 19, 2015
333 Kottman Hall

Please join the Sustainable and Resilient Economy (SRE) Discovery Theme Program for a FREE PIZZA lunch and informal discussion on social capital, relational goods, and their relevance to sustainable development with Dr. Lindon J. Robison, Professor of Agricultural and Resource Economics at Michigan State University. 

Persistent exchange outcomes that depart from rational economic behavior are anomalies in the eyes of mainstream economists.  But they are grist for behavioral economics, which attempts to account for psychological, social, cognitive, and emotional factors on economic decisions of individuals and institutions. We propose that an important variable, relational goods, is frequently omitted when analyzing exchanges of commodities. When included in the exchange analysis, relational goods resolve many important economic anomalies.  Professor Robison will lead a discussion focused on how the concepts of social capital and relational goods inform the topic of sustainable development. 

Professor Robison is a world-renowned expert in the economics of social capital. He has published numerous books and articles on the topic and is one of the founders of the social capital initiative. He has consulted for governments, firms, and international organizations such as the World Bank, particularly in Latin America.

RSVP: Amanda Davey, by Thursday, November 19th.