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RCC-RILL to present course on current U.S. economy

David Davies

David Davies

A series of three lectures featuring David Davies speaking on “The U.S. Economy in 2011: Diagnosis and Prognosis” will take place from 1 to 3 p.m. on April 14, 21, and 28 (Thursdays) at Rappahannock Westminster-Canterbury in Irvington. The course is sponsored by the Rappahannock Community College Educational Foundation’s Rappahannock Institute for Lifelong Learning (RILL), and all interested persons are invited to register and attend.

Dr. Davies has taught two previous RILL courses on the United States economy, the first about the unfolding financial crisis of 2008, and the second examining deeper structural problems of the economy; this latest offering will bring participants up to the present moment. After a brief review of the Great Recession, it will examine data bearing on the current health of the economy, such as sectoral GDP, productivity, employment and unemployment, wealth and its distribution, income and its distribution, taxation and its incidence, public and private indebtedness, imports and exports. Several themes will be emphasized, including the structural changes that must occur to restore economic health; the need to reduce the burden of indebtedness; and the basic strengths of the United States in the global economy.

Davies received his Ph.D. in economics from the University of North Carolina. He has taught at the College of William & Mary, Duke University, George Mason University, Harvard, and UNC. A Ford Foundation economic advisor to the governments of Nigeria and Kenya, he retired from the World Bank after two decades of work in Africa, Russia, and Asia, and now lives in Weems.

Advance registration is required to take RILL courses, with a tuition payment of $35. For more information on “The U.S. Economy in 2011: Diagnosis and Prognosis” and other upcoming courses, or to register, call Sharon Drotleff at the RCC Educational Foundation office (804-333-6707, or toll-free at 877-722-3679), or e-mail her at

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