Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
Media, Law & Policy
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • University Statements
  • Syracuse University Impact
  • |
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • University Statements
  • Syracuse University Impact
  • |
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Students
    • All Topics
  • Contact
  • Submit
Media, Law & Policy

Maxwell School to establish Paul Volcker Chair in Behavioral Economics

Tuesday, September 20, 2011, By News Staff
Share
givingMaxwell School of Citizenship and Public Affairs

The Maxwell School of Citizenship and Public Affairs has announced that it has received a major gift from Robert B. Menschel to establish the Paul Volcker Chair in Behavioral Economics at the school, in recognition of Volcker’s exceptional accomplishments and service to the nation.

“We are deeply grateful to Mr. Menschel for this generous endowment, made in honor of a longtime friend and supporter of the Maxwell School,” says Dean James Steinberg. “Paul Volcker exemplifies the spirit of public service and engaged citizenry that Maxwell embodies, and we look forward to recruiting for the chair an outstanding individual committed to cutting-edge research and applying scholarship to contemporary economic challenges. The addition of the chair will further strengthen Maxwell’s position as a leading voice in economic theory and public policy, and its occupant will inspire students to be exceptional thinkers and devoted in their service to others, following Paul Volcker’s example.”

Volcker’s distinguished career includes eight years as chairman of the board of governors of the Federal Reserve under Presidents Carter and Reagan; four years as president of the Federal Reserve Bank of New York; and, most recently, two years as chair of President Obama’s Economic Recovery Advisory Board. In addition, he served as undersecretary of treasury for international monetary affairs and was chairman of the prominent New York investment banking firm J. Rothschild, Wolfensohn & Co. Volcker also chaired the National Commission on the Public Service, which focused on the changes needed to restore vitality and credibility to the public service.

Menschel, senior director at Goldman Sachs Group and trustee emeritus of Syracuse University, says, “The subject of crowd behavior has deeply interested me from my earliest days at Syracuse and has played a key role in my thinking ever since. I couldn’t be more pleased to play a role in establishing a chair in behavioral economics at Syracuse’s Maxwell School and with Paul’s willingness to lend his prestige to a chair on this subject.”

“The establishment of the Volcker Chair speaks volumes about Bob Menschel as a person,” says SU Chancellor and President Nancy Cantor. “Bob’s giving is never about Bob. It’s about using our gifts—our creativity, intellect and talent, as well as our resources—to make a real difference in the world. That is SU’s hallmark as well and from his profoundly generous support for the University Lectures, to the Menschel Media Center, to the William Safire Chair in Modern Letters, to this latest demonstration of his incredible breadth and depth of vision, Bob exemplifies true generosity of spirit.”

The field of behavioral economics is a relatively new one. Behavioral economists use social, cognitive and emotional factors to understand the economic decisions of individuals and institutions, as well as the effects those decisions have on larger economic systems such as market prices, returns and savings. Drawing on insights from the fields of both psychology and economics, behavioral economists study economic judgment and the factors that influence how economic choices are actually made.

  • Author

News Staff

  • Recent
  • In Memoriam: Life Trustee Michael Bill ’58
    Tuesday, August 26, 2025, By Eileen Korey
  • Newhouse Advanced Media Management Master’s Program Earns STEM Designation
    Tuesday, August 26, 2025, By Genaro Armas
  • New Students Share Their Campus Must-Haves (Video)
    Tuesday, August 26, 2025, By News Staff
  • Maxwell Welcomes International Professionals for Anti-Drug Trafficking Program
    Monday, August 25, 2025, By Jessica Youngman
  • Call for Focus Group Participants for Bird Library Assistive Technology Room
    Monday, August 25, 2025, By Cristina Hatem

More In Media, Law & Policy

Newhouse Advanced Media Management Master’s Program Earns STEM Designation

The advanced media management master’s program in the S.I. Newhouse School of Public Communications has received STEM designation, placing it among a select group of graduate programs nationwide that blend media, technology and business strategy under the federal classification for…

Maxwell Welcomes International Professionals for Anti-Drug Trafficking Program

Twenty distinguished leaders from around the world will soon convene at the Maxwell School for an intensive, three-week academic program to cultivate technical expertise and deepen engagement to combat the production, trafficking and use of illicit drugs. The school’s Executive…

NASCAR Internship Puts Jenna Mazza L’26 on the Right Track to Career in Sports Law

A lifelong NASCAR fan, Jenna Mazza L’26 has a photo of herself at age 4 standing with legendary driver Jimmie Johnson’s diecast car. So, imagine her elation when she had the opportunity to take a photograph with Johnson himself this…

New $1M Gift to Build Bridges and Create Global Map to Enhance Democracies

With a new $1 million gift from The Reynolds Foundation, researchers at the Maxwell School of Citizenship and Public Affairs hope to create a new global map, one that provides a clear pathway to strengthening democracy and freedom throughout the…

Professor Anthony Adornato Trains Journalists in Kosovo Through Fulbright

For Associate Professor Anthony Adornato, a recent Fulbright experience brought him back to his journalism roots. The former television anchor and reporter returned from a three-week Fulbright Specialist experience in Kosovo, where he trained journalists at the country’s public service…

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • X
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
Social Media Directory

For the Media

Find an Expert Follow @SyracuseUNews
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2025 Syracuse University News. All Rights Reserved.