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, […]
If the NCAA let colleges pay athletes with more than scholarships (which currently may cover tuition, books, room and board), then top colleges in men’s basketball and football would pay most athletes substantial sums beyond full scholarships.
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.
In today’s New York Times International edition, Francesco Giavazzi and Anil Kashyap give guidance for how the European Central Bank needs to organize its upcoming bank stress tests if they are to succeed. “Europe is lurching toward an overhaul of its banking system. Later this year, the European Central Bank is set to assume the […]
Future innovations worldwide will not be transformational enough to promote sustained per-capita economic growth rates in the U.S. and western Europe over the next century as high as those over the past 150 years.
Informed postmortems of Ben Bernanke’s Fed chairmanship will judge favorably the Fed's creative and aggressive policy initiatives from autumn 2008 through early 2009.
Using surge pricing to allocate transportation services — such as Uber does with its cars — raises consumer welfare through various potential channels, such as increasing the supply of those services, allocating them to people who desire them the most, and reducing search and queuing costs.
