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April 7, 2004

Foreign policy expert to discuss dominance of free market economy at Birmingham-Southern

BIRMINGHAM, Ala.—An internationally recognized expert on American foreign policy and relations will discuss the future consequences of a country and a world dominated by a free market economy during the 15th annual B.A. Monaghan Lecture in Economics at Birmingham-Southern College April 14.

Dr. Michael Mandelbaum, Christian A. Herter Professor of American Foreign Policy at The Johns Hopkins University School of Advanced International Studies in Washington, D.C., will present “The Triumph of the Market.” Reservations are required for the event and can be made by contacting the college's Office of Special Events at 226-4979.

A regular foreign affairs columnist for Newsday, Mandelbaum will describe the rise of the free market to its current status as the preferred method for organizing economic life in the world and then explore the future benefits and challenges that such dominance will bring to the U.S. and world.

Mandelbaum, who also has taught at Harvard and Columbia universities and at the United States Naval Academy, is associate director of the Aspen Institute Congressional Project on American Relations with the Former Communist World and on the Board of Advisors of the Washington Institute for Near East Policy.

He has authored or co-authored eight books, including The Nuclear Future (1983), Reagan and Gorbachev (1987), The Global Rivals (1988), The Fate of Nations: The Search for National Security in the 19th and 20th Centuries (1988), and The Ideas That Conquered the World: Peace, Democracy and Free Markets in the Twenty-first Century (2002).

The Monaghan Lecture in Economics was established at Birmingham-Southern in 1981 by Vulcan Materials Co. in honor of Bernard A. Monaghan, who served as Vulcan Materials' president, chief executive officer, and chairman of the executive committee. Monaghan, who was a 1934 Rhodes Scholar graduate of Birmingham-Southern and a member of its Board of Trustees, died in 1987.

This year's lecture is being sponsored in cooperation with Merrill Lynch and Vulcan Materials Co.

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