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Press Release

FOR IMMEDIATE RELEASE


Media Contact

Beth Sorensen
Office of Communications
503/777-7574
beth.sorensen@reed.edu


WORLD BANK ECONOMIST KARLA HOFF TO SPEAK AT REED

Karla Hoff, a research economist in the World Bank’s development research group, will speak on "After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies" on Thursday, November 21, at 4:15 p. m. in Reed’s psychology auditorium. The paper Hoff will be presenting is co-authored with Joseph E. Stiglitz, the 2001 Nobel Laureate in economics, although he will not be present. The lecture, sponsored by the Bernard Goldhammer Memorial Lecture Fund, is free and open to the public. For more information, visit the Reed events website or call the Reed events line at 503/777-7755.

Hoff is currently studying development of non-market institutions, addressing the problems that arise after privatization in Eastern European and Russian post-communist societies. She has focused on the way that substandard organization of property rights has contributed to blighted neighborhoods in which the populace have been given no impetus for improving their surroundings.

Hoff has published numerous articles on the ways that market response to imperfect information may perpetuate poverty. She has a forthcoming article in Reader's Guide to the Social Sciences, and she has co-authored multiple articles with Joseph Stiglitz that include "Modern Economic Theory and Development" in Frontiers of Development Economics: The Future in Perspective, edited by Gerald Meier, a 1947 Reed graduate, and Stiglitz (2001) and "Moneylenders and Bankers: Price-Increasing Subsidies with Monopolistic Competition" in the Journal of Development Economics (1998).

Hoff taught from 1989 to 1998 at the University of Maryland, where she was the three-time recipient of the excellence in teaching award from the economics department, and at Princeton University from 1998 to 1999. She holds a Ph.D. in economics from Princeton University; an M.A. in law and economics from the Fletcher School, Tufts University; and a B.A. from Wellesley College.

The Bernard Goldhammer Memorial Lecture Fund was established in 1977 to recognize the achievements of the late Bernard Goldhammer, former power manager of the Bonneville Power Administration. A 1937 graduate of Reed College with a degree in economics, Goldhammer was one of the region’s most knowledgeable and respected experts in electric power generation and the resources of the Pacific Northwest.

Reed College, in Portland, Oregon, is an undergraduate institution of the liberal arts and sciences dedicated to sustaining the highest intellectual standards in the country. With an enrollment of about 1,360 students, Reed ranks third in the undergraduate origins of Ph.D.s in the United States and second in the number of Rhodes scholars from a liberal arts college (31 since 1915).

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