Wednesday, October 13, 2010

Prof. Balcerowicz in Southern California

Prof. Leszek Balcerowicz, former Deputy Prime Minister of the Republic of Poland and President of the National Bank of Poland, the architect of Poland’s post-Communist economic reforms will appear at two universities and a private event of the Modjeska Club during his weekend in Southern California.


  • October 14th, 2010 – lectures co- organized with the European Union Center at Scripps College and Gould Center of Claremont McKenna College

    Ø 11.45 am - 12.45 pm – “The Eurozone: problems and solutions” – Albrecht Auditorium, Stauffer Hall, Claremont Graduate University campus, 160 East Tenth Str., Claremont, CA 91711

    Abstract: The euro area as often said to be an experiment because of being the monetary union without a political union. However, the meaning of ‘political union’ is often vague. It is unrealistic (and unnecessary) to expect that the eurozone would become a single state. Instead, one should look to monetary unions which existed without the common political authorities. Against this background it becomes clear that eurozone needs reforms: 1. which would reduce the scope for procyclical policies, and 2. which would strengthen the flexibility and growth of the economies of the member states.

    Ø 6.45 pm - 7.45 pm – “How to Avoid Another Financial Crisis” – the Athenaeum, Claremont McKenna College

    Abstract: A deeper, comparative analysis of financial crises suggests that there are not pure market failures but are largely caused by various combinations of public policies which encourage excessive risk-taking by private agents. This appears to be true with respect to the recent global financial crisis, too. The proposed or already introduced official measures which aim at preventing another serious financial crisis, do not consider this role of public policies to a sufficient extent.

  • October 15th, 2010 – lecture coorganized with Center for International Business Education & Research and Center for European and Eurasian Studies of UCLA

    Ø 3.00 pm – 4.30 pm – “Institutions, shocks and economic growth” – UCLA, 3250 School of Public Affairs Building, Room 2355, Los Angeles, CA 90095-1656, Parking at the structure nr 3, please, enter the campus through the Hilgard gate entrance. Detailed directions at

    Abstract: The country’s long-run economic growth depends on: 1. the frequency and depth of shocks it suffers; 2. strengths of systematic forces. The negative contribution of shocks to the economic growth has been rather neglected in the economic literature and the presentation aims to readdress this imbalance, as well as to discuss the institutional determinants of the systematic forces of growth.

  • October 16, 2010, 6 p.m. - Meeting with Modjeska Club, interview and documentary film screening, facilitated by Consul General of the Republic of Poland, The Right Honorable Joanna Kozinska-Frybes. By invitation only for club members.

    Professor Leszek Balcerowicz is a Chair of International Comparison Studies at the Warsaw School of Economics, doctor honoris causa of the Poznan University of Economics, former Deputy Prime Minister & Minister of Finance of the Republic of Poland, former Governor of the National Bank of Poland, author of economic reforms that successfully converted the central managed economy of the communistic state towards a free market economy, often named “the father of transformation of the Polish economy.”



    October 17, 2010 - Meeting with Jan Nowicki and Malgorzata Potocka

    November 21, 2010 - Kabaret Starszych Panow, Petroleum Club of Long Beach

    December 11, 2010 - Christmas party, Orange County

    December 31, 2010 - New Years' Eve Party, Petroleum Club of Long Beach

    January 22, 2010 - Travels in Tibet, by Edward and Maria Pilatowicz


    October 14-21, 2010 - Polish Film Festival, Los Angeles
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