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
Jacquelyn Martin/Associated Press International Monetary Fund (IMF) Managing Director Christine Lagarde listens as Federal Reserve Chair Janet Yellen speaks at the Institute for New Economic Thinking Conference on Finance and Society at the IMF, Wednesday, May 6, 2015, in Washington. Show More Summary
[Over at Equitable Growth]: [In the long run... when the storm is long past, the ocean is flat again.] At that time--or, rather, in that logical state to which the economy will converge if values of future shocks are set to zero--expected inflation will be constant at about the 2% per year that the Federal Reserve has announced as its target. Show More Summary
[Over at Equitable Growth]: Barry Eichengreen sees four important sources of new economic thinking: 1. "Big data"--the use of computers to handle more than just a few aggregate indicators. 2. "New data"--the use of communications technologies to free economists from reliance on a near-exclusive government's-eye view of the economy. Show More Summary
Both men and women are more likely to cheat on their spouses the more economically dependent they are on them, according to a new study. "You would think that people would not want to 'bite the hand that feeds them' so to speak, but that is not what my research shows," said study author Christin L. Show More Summary
According to a new study from the London School of Economics, kids attending schools that ban cell phones during the day scored 6 percent better on tests than peers at schools that let kids have phones with them. What do you think?
Submitted by Martin Armstrong via Armstrong Economics, Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. Show More Summary
At the International Monetary Fund on Wednesday, Institute for New Economic Thinking hosted a conference on the health of the financial system in the aftermath of the Great Recession. The event brought together some of the
I’m down in Washington, D.C., at the Institute for New Economic Thinking’s Finance & Society conference, at which, as I pointed out yesterday, all of the speakers are women. At the opening dinner last night, Senator Elizabeth Warren delivered a rousing condemnation of the big banks that, to me, at least, sounded suspiciously like a stump speech. Show More Summary
The 2010 Dodd-Frank law could reduce U.S. economic output by nearly a trillion dollars over the next decade, according to new research by American Action Forum.
When one thinks of American Chinatowns, they usually think of San Francisco and New York, but at one time the third largest Chinatown in the U.S. was in Louisiana. It’s story is an example of how economics and geopolitics shape the growth of ethnic enclaves. After the American Civil War ended legalized slavery in the U.S., Southern […]