Nobel laureate Rajendra Pachauri gave the commencement address at NC State's graduation on Saturday. Pachauri earned a joint PhD in industrial engineering and economics at NC State in 1974. He received the Nobel because he co-chaired (with Al Gore) the Intergovernmental Panel on Climate Change (IPCC). Gore and Pachauri were recognized for their efforts to build awareness about climate change. Pachauri is the head of The Energy and Resources Institute (TERI), a New Delhi-based research organization doing scientific and policy research on environmental issues.
Pachauri said in his talk that he became interested in economics when he took Economics for Nonmajors from my colleague Thomas Grennes and read Edwin Dolan's TANSTAAFL (There Ain't No Such Thing as a Free Lunch). Although there was no Poole College of Management at that time, we are proud to call Dr. Pachauri an alum.
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