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NEW Intellectual Growth at NUS READ HERE

I am visiting NUS in Singapore to learn new things and to meet and listen to other scholars.  In this blog post, I will sketch yesterday.  At 10am, I spoke to Professor Craig Brown about his research on national leaders and economic growth.  I then had lunch with Professors Yuming Fu and Lai Choo Malone-Lee to talk about the research activity taking place at NUS's Center for Sustainable Asian Cities.   We shared many ideas and I made some suggestions.  Later in the afternoon, I attended a social impact seminar by Stanford Professor Paul Brest.  He presented this paper focused on the challenging question of how to measure the impact of impact investing.  Several interesting issues arose. There has to be a market failure such as pre-existing externalities, capital market imperfections, asymmetric information, or Keynesian unemployment to explain why social impact investing can be pareto improving.  There are also challenging measurement issues of defining what is the counter-factual in evaluating whether those who seek to do good actually do do good (I like my writing!).   After this seminar, I went out to dinner with my friend Professor Tien Foo Sing.   We talked about many research ideas and about economic development in his home country of Malaysia.   I then gave my 3rd and 4th lectures on Green Real Estate.  These have been recorded and soon will be posted to Youtube.     Lecturing from 7pm to 10pm at night requires some energy and I always try to deliver.  My students are quite smart and interesting people who appear to be engaged and awake!  At 10pm the night wasn't over, 6 of the 60 attendees stuck around to talk to me about issues related to hotel energy consumption and incentives of building managers to reduce such consumption.  I then went out to dinner with Professor David Ho Kim Hin and he was kind enough to take me to Singapore's CBD and we had an elegant meal and talked about Singapore's ports and economic growth in the region.  As you can see, these are active days and mildly more interesting than my typical day at my home institution.

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