Tag: Economics (Theory and Philosophy)

Pioneers in Poverty Alleviation Share the Nobel Economics Prize

Economists Abhijit Banerjee and Esther Duflo, both of M.I.T., and Harvard’s Michael Kremer have spent more than 20 years helping to revolutionize the way that researchers study — and help — the world’s poor. On Monday, their experimental approach toward poverty alleviation won them the 2019 Nobel Memorial Prize in Economic Sciences. Ms. Duflo, 46, […]

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Nobel in Economics Is Awarded for Work Toward Alleviating Poverty

Three professors who have done experimental work toward alleviating poverty have been awarded the Nobel in economic sciences: Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard University. Professor Duflo is the second woman and, at 46, the youngest person to win the economics prize. Why did they win? According to […]

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The Fed, Long Dominated by White Men, Is Trying to Change

The Federal Reserve’s research staff is far less diverse than the American population it is meant to serve, a reality that the central bank is trying to change as a reckoning over inclusion sweeps through the economics profession. Three in four Fed economists are men and a majority of those are white. That matters beyond […]

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Economics Needs More Black Women

Economics is neither a welcoming nor a supportive profession for women. In 2017, Alice H. Wu, now a doctoral student in economics at Harvard, published an eye-opening study of online conversations among economists that provided convincing evidence that overt sexism was a serious problem in the field. Last year the economist Roland G. Fryer Jr., […]

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The White-Collar Job Apocalypse That Didn’t Happen

Ron Kincaid remembers what it was like to worry that his job would be sent overseas. Globalization had ravaged American manufacturing, and now, in the first years of the new century, economists were warning that offshoring — the relocating of work to other countries — was coming for white-collar jobs like his as well. For […]

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The Virtuous Corporation Is Not an Oxymoron

At a time when the federal government is doing little to nothing on matters of great public concern — gun control, paid parental leave, higher wages, you name it — the corporate sector has been urged, pushed and sometimes shamed to fill in the gaps. This year Amazon decided, under pressure, to raise wages for […]

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An Interview With Andrew Yang, an Outsider at Tonight’s Democratic Debate

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher Andrew Yang, a former tech executive, remains one of the least known candidates in a Democratic presidential field that includes senators, mayors, a governor and a former vice president. But by focusing on the potential impact […]

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Are Democrats Throwing Away the Senate?

Listen and subscribe to our podcast from your mobile device: Apple Podcasts | Spotify | Google Play | RadioPublic | Stitcher Could Democrats actually retake the Senate next year? Or are they already blowing their best chance? This week on “The Argument,” the columnists talk the state of the other 2020 race(s) worth paying attention […]

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Blame Economists for the Mess We’re In

In the early 1950s, a young economist named Paul Volcker worked as a human calculator in an office deep inside the Federal Reserve Bank of New York. He crunched numbers for the people who made decisions, and he told his wife that he saw little chance of ever moving up. The central bank’s leadership included […]

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Goldbugs for Trump

Before going to the White House, Donald Trump demanded that the Fed raise interest rates despite high unemployment and low inflation. Now he’s demanding rate cuts, even though the unemployment rate is much lower and inflation at least a bit higher. To be fair, there is a real economic argument for rate cuts as insurance […]

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Harvard Suspends Roland Fryer, Star Economist, After Sexual Harassment Claims

Roland G. Fryer, a onetime rising star in economics who has been accused by multiple women of sexual harassment, will lose his Harvard University research lab and be suspended for two years, the university said Wednesday. Harvard’s actions represent a remarkable fall from grace for an economist who until recently was among the profession’s most […]

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Modern Monetary Theory’s Reluctant Poster Child: Japan

TOKYO — Spend big and never mind the deficit. That’s what proponents of modern monetary theory, the unorthodox set of economic ideas that has inspired politicians like Bernie Sanders and Alexandria Ocasio-Cortez, see as the winning formula for American prosperity. For proof, its admirers point to Japan. Despite the highest debt in the developed world, […]

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Kevin Hassett, Trump’s Top Economist, Will Depart

WASHINGTON — The chairman of the White House Council of Economic Advisers, Kevin A. Hassett, will depart “shortly,” President Trump said on Sunday, winnowing another advocate of traditional conservative positions on trade from the ranks of Mr. Trump’s advisers. Mr. Hassett had not publicly telegraphed an intention to leave, but he said in an interview […]

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