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Beth Sorensen
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V. Kerry Smith explores the legacy of the late John Krutilla, founder of modern

TITLE: "John Krutilla’s Legacy: 21st Century Challenges for Environmental Economics"

WHAT: V. Kerry Smith, University Distinguished Professor at North Carolina State University and Resources for the Future University Fellow will give a talk on John Krutilla, considered one of the founding fathers of environmental economics. Smith will reflect on Krutilla’s contributions to the field of environmental economics.

In 1967, Krutilla published "Conservation Reconsidered," which dramatically altered the global debate about the natural resources. Krutilla argued that pristine bodies of water, forests, and other natural resources had an economic value, even when left wild, contrary to popular thought at the time.

WHEN: 4:30 p.m. to 6 p.m., Monday, October 4

WHERE: Psychology 105
Reed College
3203 SE Woodstock Blvd.
(Use east parking lot off Woodstock Blvd.)

COST: The lecture is free and open to the public.

CONTACT: For more information, please call the public events hotline at 503-777-7755.

This lecture is sponsored by the Reed College economics department and the Walter Krause lecture series on economics and public policy.

V. Kerry Smith
Smith pioneered in developing and refining economic indicators of resource scarcity and in measuring the non-market value of environmental resources. He was the first economist to measure the economic value and effectiveness of information about the risks due to indoor air pollution.

Smith directs the Center for Environmental and Resource Economics Policy at NCSU, which provides research leadership for important environmental and resource problems. He was the American Agricultural Economics Association fellow in 2002, is a member of the Environmental Protection Agency science advisory board, and was just elected to the National Academy of Sciences in 2004.


Reed College
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). For more information, visit