80th Anniversary of Economics division

2011 marks a special date for the Economics division of the School of Business, as it is the 80th anniversary of the opening of Dundee School of Economics. The Dundee School of Economics was founded by George Bonar, a citizen of Dundee and a jute and flax manufacturer, and opened officially on October 2nd 1931 by Lord Stamp. The careers of many famous economists started in Dundee, including the Nobel Prize winner Ronald Coase, who was100 years old in 2010, and Duncan Black, whose theorem on the median voter is one of the most fundamental in political economy and one of the first that young microeconomists are taught.