Pei has been on the National Council for theArts since 1980.

James Tobin '39

the 1981 Nobel laureate in economics JamesTobin '39 has served as Sterling professor ofeconomics at Yale University since 1957.

Tobin was born in Champaign, Ill. He receivedhis bachelor's degree from Harvard in 1939, hismaster's in 1940 and a ph. D. in 1947.

An associate economist with the Office of PriceAdministration and Civilian Supply in Washingtonfrom 1941 to 1942, Tobin was a teaching fellow atHarvard between 1946 and 1947. He was named anassociate professor of economics at Yale in 1950and became a full professor in 1955.

In an interview Tuesday night the professorexplained his theory, now known as "Tobin's q,"the market value of business capital to itsreplacement cost or reproduction cost."

"It means a great deal to me because that isthe ultimate of horn honoorary degrees as for asI'm concerned , and of awards of anykinds--possibly excepting the Nobel," tobin said.

John C. Whitehead

Former president of the Harvard Board ofoverseers and now chair of AEA Investors Inc. inNew York, John Cunningham Whitehead served deputysecretary of state from 1983 to 1989.

Whitehead was born in Illinois in 1922 andgraduated from Haverford college in 1943. Hereceived his MBA from Harvard Business School in1947, and joined Goldman Sachs and Co., where heserved from 1947 to 1984.

He is former chair of the board of trustees ofthe National Gallery of Art in Washington, D.C