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

Patents

Question A:

All else equal, Patent Assertion Entities — which specialize in acquiring and asserting patents and are popularly known as “patent trolls" — promote innovation in the U.S.

Question B:

Within the software industry, the US patent system makes consumers better off than they would be in the absence of patents.

 
US

Liquidity

There is a social value to having institutions that issue liquid liabilities that are backed by illiquid assets.

 
US

Gary Becker

This week’s IGM Economic Experts Panel statements:

A: Employers that discriminate in hiring will be at a competitive disadvantage, if their customers do not care about their mix of employees, compared with firms that do not discriminate.

B: Rising market wages are an important reason — over and above any changes in medical technology, social norms or preferences — why family sizes have fallen over the past century in rich countries. 
PUBLIC POLICY & INSTITUTIONS

Matthew Gentzkow awarded the 2014 John Bates Clark Medal

The American Economic Association has awarded Chicago Booth’s Matthew Gentzkow the 2014 John Bates Clark Medal. The prestigious Clark Medal is awarded annually to the “American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge.” In awarding this prestigious prize to Professor Gentzkow, […] 
US

Robots

This week’s IGM Economic Experts Panel statements:

A: Advancing automation has not historically reduced employment in the United States.

B: Information technology and automation are a central reason why median wages have been stagnant in the US over the past decade, despite rising productivity.