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Analysis and Commentary

Maeve Cohen On Rethinking Economics

by Russell Robertsvia EconTalk
Monday, December 3, 2018

Maeve Cohen, Co-director of Rethinking Economics, talks with EconTalk host Russ Roberts about her organization and its efforts to change economics education. Cohen, who co-founded the Post-Crash Economics Society, argues for a more human-centered approach to economics that would be less confident in its policy prescriptions and more honest about the significance of its underlying assumptions.

In the News

Global Growth Cools, Leaving Scars Of ’08 Unhealed

quoting Steven J. Davisvia The New York Times
Saturday, December 1, 2018

Only a few months ago, the world’s fortunes appeared increasingly robust. For the first time since the wealth-destroying agony of the global financial crisis, every major economy was growing in unison. So much for all that.

Analysis and Commentary

The Amazing Madoff Clawback

by Tunku Varadarajanvia The Wall Street Journal
Friday, November 30, 2018

How two lawyers, Irving Picard and David Sheehan, have recovered 75 cents on the dollar of the stolen money—many times the usual rate in such cases.

Analysis and Commentary

Opinions Change

by John H. Cochrane mentioning David Brady, Morris P. Fiorinavia Grumpy Economist
Friday, November 30, 2018

My Hoover colleagues David Brady and Mo Fiorina gave a recent talk updating some of their work on polling American political opinions. I found this one particularly interesting. Notice how after President Obama's first win in 2008, the fraction of Democrats reporting that the economy is getting better jumped from 10% to 50%. The Republican fraction declined, though not as much. When Trump was elected in 2016, the Republican opinion jumped from 15% to 80%, and Democrats fell from 60% to 25%.

In the News

Nobel Laureate Thomas Sargent: China Might Have A Tech Bubble, But Not Necessarily A Bad Thing

featuring Thomas J. Sargentvia KrAsia
Thursday, November 29, 2018
China’s annual tech conference WISE concluded the 2-day event with a speech by prominent American economist Thomas Sargent. The Nobel Laureate winner, who has revolutionized the field of macroeconomics with the ‘rational expectations theory’, offered an interesting perspective of China’s decade-long tech advancements, in addition to sharing his thoughts about the current challenges faced by the Chinese tech community.
Analysis and Commentary

From The Vault: My Correspondence With Robert Lekachman

by David R. Hendersonvia EconLog
Thursday, November 29, 2018

In cleaning out old files recently, I came across some correspondence with Robert Lekachman in January 1987. For those who don’t know, Lekachman was kind of a big deal in those days: a left-wing economist who often wrote op/eds in the New York Times. Lekachman was one of the early public intellectual economists, in the 1970s and 1980s, when there weren’t nearly as many of them as there are now.


The Digital Key To Inclusive Growth

by Chen Long, Michael Spencevia Project Syndicate
Thursday, November 29, 2018

So far, it seems that the rise of the digital economy has already contributed to a broad pattern of income and job polarization in the developed world. Yet digital technology can play a powerful role in fostering inclusive growth patterns, especially in developing economies.


Steven Davis: G-20 US-China Breakthrough Won’t End Trade Uncertainty

interview with Steven J. Davisvia CNBC
Thursday, November 29, 2018

Hoover Institution fellow Steven Davis discusses the G-20 summit's possible impact on markets.


Raghuram Rajan Is A Central Banker Willing To Speak His Mind

interview with Raghuram Rajanvia Barrons
Thursday, November 29, 2018
Hoover Institution fellow Raghuram Rajan talks about where the next crisis might be brewing, what to make of China’s debt, and why income inequality should matter to investors.

Martin Feldstein: Stock Market May Be ‘Over Interpreting’ Fed Chair Powell’s Speech

interview with Martin Feldsteinvia Fox Business
Wednesday, November 28, 2018

Hoover Institution fellow Martin Feldstein discusses the stock market's reaction to Federal Reserve Chair Jerome Powell's speech. Feldstein thinks the market may be overreacting to Powell's suggestion of more gradual future interest rate hikes.


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