Business & Labor

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by Michael Spencevia Project Syndicate
by John H. Cochrane via Wall Street Journal
Bank of America
interview with Stephen Habervia Wall Street Journal Live
Business Abstract
by Lee Ohanian, Edward Prescottvia Wall Street Journal

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In the News

If $15 Minimum Wage Is Such A Good Idea, Why Did AOC's Bar Close Down?

quoting Thomas Sowellvia Townhall
Thursday, March 21, 2019

The brilliant Thomas Sowell, when in college, considered himself a Marxist. Asked what changed him, Sowell said, "Evidence."

In the News

On Asbestos Blame, Supreme Court Is Still At Sea

quoting Richard A. Epsteinvia Cato Institute
Tuesday, March 19, 2019

With Justices Kavanaugh and Roberts crossing over to join the liberals, the Supreme Court ruled 6-3 today in Air & Liquid Systems v. DeVries that federal maritime law permits seafarers claiming asbestos-related ailments to sue manufacturers of ship components such as boilers and turbines that contained no asbestos, on the grounds that they knew that the mineral would be used in conjunction with their product later in such forms as insulation or connective gaskets.

Analysis and Commentary

Trade Policy Is Upending Markets—But Not Investment

by Steven J. Davisvia Chicago Booth Review
Monday, March 18, 2019

While tariffs and tariff threats have become a leading source of stock market volatility, they have had little impact on US business investment.

The Future of Fed’s Balance Sheet: A Policy Workshop

Thursday, March 7, 2019
Annenberg Conference Room, Lou Henry Hoover Building

The Federal Open Market Committee announced on January 30 that it “intends to continue to implement monetary policy in a regime in which an ample supply of reserves ensures that control over the level of the federal funds rate and other short-term interest rates is exercised primarily through the setting of the Federal Reserve's administered rates, and in which active management of the supply of reserves is not required.” Statement Regarding Monetary Policy Implementation and Balance Sheet Normalization. 

Event

Policy Seminar with Rebecca Diamond

Thursday, February 28, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Rebecca Diamond, Hoover Institution national fellow, and associate professor of economics at the Stanford Graduate School of Business, discussed “The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco.”

Event

Policy Seminar with Amit Seru

Thursday, February 21, 2019
Annenberg Conference Room, Lou Henry Hoover Building

Amit Seru, Hoover Institution Senior Fellow and Professor of Finance at the Stanford Graduate School of Business, discussed “Shadow Banking.”

Event
Analysis and Commentary

Jacob Vigdor On The Seattle Minimum Wage

by Russell Robertsvia EconTalk
Monday, March 4, 2019

Jacob Vigdor of the University of Washington talks with EconTalk host Russ Roberts about the impact of Seattle's minimum wage increases in recent years. Vigdor along with others from the Evans School of Public Policy and Governance have tried to measure the change in employment, hours worked, and wages for low-skilled workers in Seattle. He summarizes those results here arguing that while some workers earned higher wages, some or all of the gains were offset by reductions in hours worked and a reduction in the rate of job creation especially for low-skilled workers.

Centennial Speaker Series

A Century of Ideas: Labor and Capital Market Policy: From Ideas to Actions over One Hundred Years

Tuesday, November 19, 2019
Hauck Auditorium, Stanford University

Nowhere are good economic ideas more important for growth and stability than in labor and capital markets. Enormous technological, political, and demographic shifts in the past one hundred years have changed what is feasible and what works in practice. Panelists will discuss how ideas about the roles of government and private enterprise have changed, how good ideas stressing economic freedom can be advanced into action, and the influence of globalization on the ability of governments to apply good ideas to capital flows and immigration.

Event
In the News

Procedure Without Accountability

quoting Eric Hanushekvia City Journal
Tuesday, February 12, 2019

Philip Howard details how government-worker unions impede rational decision-making.

BusinessFeatured

California’s “Big Brother” Labor Regulations Will Harm Those Whom It Intends To Help

by Lee Ohanianvia California on Your Mind
Tuesday, February 12, 2019

According to employment law attorneys, California has the strictest regulations regarding women’s earnings and employment in the country. Unfortunately, recently enacted and proposed legislation that is intended to advance women’s earnings and opportunities have significant, unintended negative effects that will indirectly hurt women, particularly those from minority groups or with fewer skills. Men will also be affected negatively, as extreme and expensive regulations will drive even more businesses from the state and reduce opportunities for all workers.

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Economic Policy Working Group

 
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.

Milton and Rose Friedman: An Uncommon Couple