Clark Center Forum

About the Clark Center Forum

The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
US

Primary Voting

Question A:

There is no perfect voting system. That is, no voting system can ensure that the winner will be the person who best represents voters’ wishes, including how intensely they favor or disfavor each candidate.

Question B:

One clear defect of a winner-take-all election with 3 or more candidates, and with each voter choosing only one candidate, is that a candidate who is strongly disliked by a majority, but strongly liked by a minority, can beat a candidate who is liked by a majority and disliked by relatively few.

 
US

Oil Price Speculation

Large movements in monthly oil prices, either up or down, are driven primarily by speculators, as opposed to changes in the current (and planned) supply or demand for oil.

 
US

Brexit

This week's IGM Economic Experts Panel statements:

A) If the UK opts to withdraw from the European Union, and assuming Scotland stays in the UK, the level of the UK's real per-capita income a decade later will be lower than if it remains part of the EU.

B) If the UK exits the EU, then it substantially increases the chances that some other current region of the EU will also exit within the following decade. 
US

Poverty and Measurement

This week's IGM Economic Experts Panel statements:

A) The association between health and economic growth in poor countries primarily involves faster growth generating better health, rather than the other way around.

B) The decline in the fraction of people with incomes under, say, $1 per day is a good measure of whether well-being is improving amount low-income populations. 

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