'Isaac Newton and the Birth of Money'
Fri, October 11, 2013 • 2:45 PM - 4:30 PM • Tom Lea Rooms, Harry Ransom Humanities Research Center 3.206
James Scott (UT Statistics)
Isaac Newton worked at the Royal Mint from 1696 until his death in 1727, nearly as long as the 35 years he spent in Cambridge. He pursued his duties at the Mint energetically: prosecuting counterfeiters, leading the Great re-coinage, and taking an active role in debates over the birth of fiat money. Newton’s mathematical genius makes it all the more incongruous that, as Master of the Mint, he would continue a 500-year tradition of statistical folly that put the monetary system in peril.
James Scott is Assistant Professor of Statistics at UT-Austin, jointly in the Department of Information, Risk, and Operations Management as well as the Division of Statistics and Scientific Computing. He is an alumnus of the Plan II Honors Program at UT, and did his post-graduate work in mathematics and statistics at Trinity College, Cambridge, and Duke University.