Economics

The Worst Academic Field to be a Woman in?

There is no shortage of disciplines and industries rife with sexism. The STEM fields – science, technology, engineering and mathematics – are particularly well […]

2 months ago
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Janet Yellen at University of Michigan

Janet Yellen: The Social Scientist in Charge at Treasury

Janet Yellen, appointed as the 78th secretary of the U.S. Department of the Treasury in January, has a long history of work in and alongside the social sciences above and beyond her role as an academic economist and policy maker

2 months ago
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share prices on stock market screen

GameStop: A Story Without Heroes (or Villains)

In the battle between the army of renegade Reddit retail traders and Wall Street’s hedge funds over unloved stocks like the Texan computer games retail chain GameStop, there has been a serious case of mistaken accusations on both sides. They are both being wrongly accused of manipulating the markets, but they are not.

3 months ago
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Graphic concept for auction theory

Auction Theorists Win 2020 Economics Nobel

Two economists whose work on how auctions work shone a much broader light on how people value and price goods and service have received the 2020 Nobel Prize in economics.

7 months ago
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Father of Political Economy: Alberto Alesina, 1957-2020

Remembering the Italian economist who once wrote, “Racial animosity in the US makes redistribution to the poor, who are disproportionately black, unappealing to many voters. American political institutions limited the growth of a socialist party, and more generally limited the political power of the poor.”

11 months ago
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Anne Case on Deaths of Despair

Economist Anne Case didn’t believe her eyes when she first identified the trend of what came to be called ‘deaths of despair’: looking at figures from the 1990s to the most recent data available from 2018, mortality among middle-aged, non-college-educated white Americans rose, stalled, then rose again.

1 year ago
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William Nordhaus

AAPSS Awards Economist William Nordhaus 2020 Moynihan Prize

William Nordhaus, the Nobel Prize-winning economist who was the first macroeconomist to seriously consider how climate can be influenced by human behavior and that human action and economic policy can influence climate, will receive the 2020 Daniel Patrick Moynihan Prize.

1 year ago
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Alvin Roth

Nobel Laureate Alvin Roth: Economics Can Save Lives

“Many people die without getting a transplant because there aren’t enough organs for the people who need them, living donor organs included. Sometimes, you might love someone enough to give him a kidney but you can’t give a kidney to the person you love, because kidneys have to be very well-matched. Kidney exchange is a way of getting some transplants done, even when patients and their donors are not well matched.”

2 years ago
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Economics Nobel 2019: Why Banerjee, Duflo and Kremer Won

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2019 (commonly known as the Nobel Prize for Economics) has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” Through the award, the Nobel committee recognized both the significance of development economics in the world today and the innovative approaches developed by these three economists.

2 years ago
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An economy is an evolutionary system

Opinion: Economic Theory Needs a Major Overhaul

Current mainstream economic theory needs an overhaul. Modern advanced economies are complex, evolving systems, which cannot continue to be understood only through aggregate quantity. Sergio Focardi discusses the explanatory power of qualitative (in addition to quantitative) understandings of the market.

2 years ago
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Jonathan Portes on the Economics of Immigration

Britain’s former chief economist knows a thing or two about the impact of immigration on native Britons. In this Social Science Bites podcast, he reviews what data can tell us about the UK’s current heavy inflow — such as that new arrivals create both supply AND demand.

2 years ago
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