10:56 a.m., March 17, 2011----Alice Rivlin, senior fellow of economic studies at the Brookings Institution and an expert on the federal budget, will address “Debt, Deficits and Democracy” during the University of Delaware's 21st annual Hutchinson Lecture in macroeconomics at 7:30 p.m., Tuesday, March 22, in Room 140 Smith Hall on UD's Newark campus.

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Sponsored by the the Department of Economics in UD's Alfred Lerner College of Business and Economics, the lecture is free and open to the public.

Rivlin, an expert on fiscal and monetary policy, recently served as a member of the President's National Commission on Fiscal Responsibility and Reform and is co-chair of the Bipartisan Policy Center's debt reduction task panel. She was founding director of the Congressional Budget Office, served as OMB director and was vice chair of the Federal Reserve Board.

She has also worked in the administrations of presidents Lyndon Johnson, Jimmy Carter, Gerald Ford, Ronald Reagan and Bill Clinton.

Rivlin graduated from Bryn Mawr College in 1952, and holds a master's and doctorate in economics from Harvard University's Radcliffe College. Rivlin was born in Philadelphia and raised in Bloomington, Ind., where her father held a professorship in nuclear physics at the University of Indiana.

The Hutchinson Lecture series, which is sponsored by was established in 1990 to honor the distinguished academic career of the late Harry D. Hutchinson, a professor of economics who taught at UD from 1959-89.

Hutchinson received his doctorate in economics from the University of Michigan and worked at UD until his retirement. His career was distinguished by excellence in teaching and scholarship, particularly in the area of macroeconomics. His textbook, Money, Banking & The U.S. Economy, was the foundation for many students' introduction to financial institutions. Hutchinson died on July 28, 2005.

Each year a distinguished scholar and policy-maker is invited to present the Hutchinson Lecture. Previous lecturers include William Poole, former president of the Federal Reserve Bank of St. Louis and Distinguished Scholar in Residence at UD; Paul Volcker, former chairman of the board of governors of the U.S. Federal Reserve System; Donald Kohn, vice chair of the Federal Reserve System; Charles Plosser, Anthony Santomero and Edward Boehne, all presidents of the Federal Reserve Bank of Philadelphia; Laurence Seidman, Chaplin Tyler Professor of Economics at the University of Delaware; and David Hartzell, Distinguished Professor of Finance and Real Estate at the University of North Carolina-Chapel Hill and a UD graduate.

For more information, contact Saul Hoffman, chairperson of the Department of Economics, at 302-831-1907.