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UC Berkeley faculty members set up $1 million fund to attract top graduate students and professors
04 Jan 2000

By José Rodríguez, Development Communications

BERKELEY-- Five founders of an international consulting firm specializing in economics and finance - all of them professors at the University of California, Berkeley - have pledged $1 million to attract the best graduate students and faculty members to UC Berkeley.

The donors have designated their gift for students in economics, agricultural and natural resource economics, and business. The fund also is intended to support graduate-level research in economics and business.

These faculty members established the Law and Economics Consulting Group, better known as LECG, a leading firm in the field of applied economics and finance. It is one of the world's largest private sector employers of PhD economists and financial economists.

"Over the many years that we have been associated with the university, we have developed a great affection for this institution and for the principles of excellence in education and research that it represents," the five faculty members said in a joint statement. "Our purpose with this gift is to help ensure that this extraordinary institution will continue to attract the best faculty and graduate students and maintain its position as the premier research university in the academic fields that have been central to the success of LECG."

The five faculty donors are Richard Gilbert, professor of economics; Robert G. Harris, professor emeritus in the Haas School of Business; Tom Jorde, professor of law; Gordon Rausser, Robert Gordon Sproul Distinguished Professor and dean of the College of Natural Resources; and David Teece, professor and director of the Institute of Management, Innovation & Organization in the Haas School of Business.

The elements funded by the gift include:

· a joint graduate research seminar in economics and business administration;

· a seminar in law;

· graduate fellowships in economics, agricultural and resource economics, and business;

· research in economics, regulation, and public policy; and

· support for a student scholarship fund in the College of Natural Resources.

"The LECG gift creates resources for Berkeley and enhances the atmosphere that allows us to attract, support and retain the finest faculty and students," said UC Berkeley Chancellor Robert M. Berdahl. "The generosity of our faculty demonstrates clearly the 'ecology of a just society,' how we give back as much as we take."

The gift counts toward UC Berkeley's totals in the Campaign for the New Century, a $1.1 billion fundraising drive set to be completed by 2001.


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