The latest austerity deal is terrible for Greece and Europe. On August 18, Nobel laureate Joseph Stiglitz joined Harper’s Magazine deputy editor Christopher Beha at Book Culture in New York to discuss the Greek financial crisis. In Stiglitz’s...Show More Summary
On August 18 th, Nobel laureate Joseph Stiglitz joined Harper’s Magazine deputy editor Christopher Beha at Book Culture in New York to discuss the Greek financial crisis. In Stiglitz’s view, the latest bailout not only ensures that the country’s depression will worsen, but undermines the entire European project. Show More Summary
In his new book, Michael Shuman debunks many of the myths around economic development. Think local. Buy local. Support your local community. Community investment. This all makes sense, right? Right. Then why do so many government-funded...Show More Summary
Sooooooo, I need to nitpick. Over the weekend, Steven Rattner wrote a more or less reasonable op-ed in the New York Times arguing that today’s young adults have been dealt a crappy economic hand, and that aging Baby Boomers ought to do more in order them out a bit. Show More Summary
A new think tank--the Center for Opportunity Urbanism--promotes less-regulated Houston as an economic model for other cities.
If you think your business has weathered the storm, think again. In addition to obvious economic challenges, the emerging generation of customers is determined to radically change the rules for customer engagement. Their expectations...Show More Summary
Hillary Clinton's is set on Friday to unveil a new round of economic proposals aimed at a problem that liberals and conservatives agree exists in America today: Companies aren't investing enough in the sorts of things that could lift the economy in the long-run. In the speech at New York University, according to Clinton aides, the frontrunner for […]
A new report from the Institute for Policy Integrity, a nonpartisan think tank at the NYU School of Law, constructs a compelling economic argument for providing civil legal assistance to survivors of domestic violence. Read more...
I arrived in New York with an Ivy League degree, a job at a prestigious consulting firm waiting for me, and no clue at all how to manage my money. My Economics degree and a summer internship on Wall Street had taught me how to thinkShow More Summary
Longer than many pundits think, but key challenges lie beyond Iowa and New Hampshire. How long will the Bernie bubble last? Right now, Bernie Sanders is drawing bigger crowds than any other presidential candidate. His economic populism is bringing in millions in contributions that will carry him into next year’s opening caucuses and primaries. Show More Summary
IOWA CITY, Iowa -- European leaders should “exert every effort” to forge a new bailout deal that keeps Greece in the eurozone and allows the indebted country to recover economically, Hillary Clinton said on Tuesday. “I think it is imperative...Show More Summary
The economic think-tank says governments should think ‘twice, or three, or four times’ before allowing new coal. But Australia’s future LNG projects may also face the risk of being stranded by climate policy.
Harvard Business Review is trying to walk a fine line: The magazine thinks it can raise the price for a subscription and still attract close to 100,000 new subscribers. “Basic economics says you lower prices and get more customers; you raise prices you get fewer,” Harvard Business Review Group publisher Joshua Macht told me. “And...
Allison Schrager has a new piece on that topic in Playboy, and with a new (old) idea, here is one part: Harvard economist Lawrence Katz thinks that when the economy shifts, those who lose out experience “retroactive unemployment” in pursuit of jobs that no longer exist; however, he anticipates a bright future for men in […]
I was thinking about the great Australian automotive rivalries this week. Falcon v Commodore. STi v Evo. Ferrari v Lamborghini. Specifically, in an era defined by economical small cars and practical SUVs — the latter of which are hardly exemplars of sex appeal — is there room for great Aussie ‘blue corner, red corner’ battlegrounds […]
Too-big-to-fail bankers blow toxic fumes that harm us all. Can we stop them? Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking, studies the dangerous risk-taking of giant banks.Show More Summary
Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking, studies the dangerous risk-taking of giant banks. He sees the cultures of Wall Street and regulators coming together to turn taxpayers into victims of theft and great harm. Show More Summary
[caption id="attachment_73312" align="aligncenter" width="640"] Google Sheep View.[/caption] If you think the housing crisis is bad in New York, just be happy you aren’t trying to pay rent in London. Since our post-industrial economies...Show More Summary
This extraordinarily long and confused post is my response to Brad DeLong’s New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point: The Honest Broker for the Week of May 31, 2015 Before the jump, I make only three brief points. 1) The phrase “the Long Run Omega […]
[Over at Equitable Growth]: Watching a Discussion: The Omega Point: Brad DeLong: [New Economic Thinking, Hicks-Hansen-Wicksell Macro, and Blocking the Back Propagation Induction-Unraveling from the Long Run Omega Point] Paul Krugman: [Backward Induction and Brad DeLong] Brad DeLong: [Paul Krugman Was Right. Show More Summary