The first volume of the Handbook of Macroeconomics, edited by Michael Woodford and me, was published in 1999 in the midst of the Great Moderation. It still ranks first in total downloads of all economics books according to Research Papers in Economics (RePEc).
Wars usually end only when the defeated aggressor believes it would be futile to resume the conflict. Lasting peace follows if the loser is then forced to change its political system into something other than what it was.
A big Monday-morning quarterback question since ISIL began overrunning parts of Iraq as Iraqi military forces collapsed has been whether the United States should have kept in place a significant residual force, rather than withdrawing altogether after the U.S. combat mission there ended in late 2011.
The rise of yet another transnational terrorist organization – the Islamic State – has once again put failing and failed states into the limelight. We usually connect failed states with utter governance breakdown.
Ron McKinnon, the Stanford University economist who specialized in international finance, has died. According to his colleague John Shoven, Ron "fell on an escalator at SFO about twelve days ago and was badly injured."
My recent post on Forbes.com, written in my capacity as a consultant to several institutional investors, expressed my deep dissatisfaction with the thunderbolt that Judge Royce Lamberth launched (without argument or discovery no less) in Perry Capital LLC v. Lew against the private shareholders of Fannie Mae and Freddie Mac when he sustained the 2012 full dividend sweep under the Third Amendment to the original 2008 Senior Preferred Stock Purchase Agreement.
Under ordinary circumstances, the facts alleged by Abrar Faiaz in the legal complaint he filed last spring in U.S. District Court in New York against Colgate University would strain credulity.
Thank you for the opportunity to offer my thoughts on defense acquisition reform. My relatively short time in retirement and recent involvement in the private sector (most not in the defense industry) have afforded an opportunity to reflect on and compare acquisition practices.
Another day, another pivot to jobs for President Barack Obama. Yesterday's speech at Northwestern University marked the 16th time since he took office that he has announced a refocus on jobs and the economy.
Vladimir Putin watches the evening news from his Sochi villa: “In an election move, Barack Obama approved the Keystone pipeline and opened offshore public land to drilling. Mexico’s Pemex announced a 50 percent increase in production...
Massive pro-democracy protests in Hong Kong reflect a direct challenge to the Chinese government, according to Stanford professor Larry Diamond. The younger Hong Kong generation has greater expectations of democratic freedoms, and Communist Party rule in China may be in its final decade, he said.
Starting Oct. 8, a new Stanford speaker series, "The Security Conundrum," explores how America can strike the right balance between security and liberty in a dangerous world. Nationally prominent speakers will engage in candid conversations on thought-provoking topics and issues.
