Jay Zagorsky, Economist
Professor Jay Zagorsky is an economist at Boston University’s Questrom School of Business. His latest book “The Power of Cash,” (www.thepowerofcash.com) shows the benefits of using paper money for both individuals and society. At Boston University he has taught over 13,000 students. His teaching has won awards and prizes. For over twenty years he was also a researcher at Ohio State University, seeking to understand poverty and wealth. He has published scientific articles in many disciplines and has authored four other books besides “The Power of Cash.” Beyond his scholarly work he has written over 150 general interest articles for the public explaining current business and economic topics. These articles can be found in publications like Forbes, FastCompany and Scientific American. Currently, he is one of Boston University’s most widely quoted professors and frequently appears on television, radio, podcasts, and in print.
Conference September 29 - Main Conference
Keynote: The Power of Cash in the Face of Conflict and AI
Over the last thirty years, we have witnessed a rapid transformation in the way that people pay for goods and services. Where we used to use cash for all but our largest purchases, many people now prefer credit cards, debit cards, cryptocurrency, and electronic services like Venmo, PayPal, or Alipay. And that's not necessarily a good thing.
In this opening address, Jay Zagorsky delivers a startlingly insightful and eye-opening discussion of the harmful and unintended consequences of the demise of paper money.
Jay will cover several key themes: the resilience of cash in an uncertain world; how banks that offer cash services can improve customer retention and unlock new marketing opportunities; and how emerging technologies such as AI and quantum computing may influence future demand for cash.