Beyond Reagan and Thatcher: The Future of Supply Side Economics

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About the Speakers

Patrick Minford is a macroeconomist holding the chair of Applied Economics at Cardiff University where he directs the Julian Hodge Institute of Applied Macroeconomics, which publishes forecasts and analysis of the UK and world economy. Before academic life, Minford was an economic adviser to Her Majesty’s Treasury’s External Division and editor of the National Institute Review. From 1976 to 1997, he was the Edward Gonner Professor of Applied Economics at Liverpool University where he founded and directed the Liverpool Research Group in Macroeconomics; this built the “Liverpool Model” of the UK, which was influential in forecasting and policy analysis during the 1980s. He was a member of Monopolies and Mergers Commission 1990-96; and one of the H M Treasury’s Panel of Forecasters (‘6 Wise Men’) January 1993-December 1996. He was honored with a C.B.E. for services to economics in 1996.

Aaron Hedlund is an associate professor with tenure in the Mitch Daniels School of Business at Purdue University, as well as a research fellow at the Federal Reserve Bank of St. Louis. From 2020 to 2021, Hedlund was the Chief Domestic Economist and Senior Adviser at the White House Council of Economic Advisers (CEA). Before joining the CEA, he was also the Acting Director of Academic Outreach and Senior Fellow at the Center for Growth and Opportunity. His other public policy experiences include stints at the Heritage Foundation and the International Trade Commission as well as service in senior state-level advisory roles. Hedlund’s research focuses on the intersection of macroeconomics, finance, real estate, and labor. Some of the topics he has studied extensively include the causes and consequences of housing booms and busts, the forces driving up college tuition and student debt, and the macroeconomic implications of China’s economic transformation. He has also written and spoken extensively on market-oriented reforms to the tax code and healthcare system. In addition to appearing in peer-reviewed academic journals, Hedlund’s work has been featured in the Wall Street Journal and National Review, has been used as expert testimony in state-level policy initiatives, and has been presented at numerous think tanks, academic institutions, and central banks both in and outside of the United States. Hedlund received his Ph.D. in economics from the University of Pennsylvania and his Bachelor’s in economics and mathematics from Duke University.