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Analysis and Commentary

To Improve Educational Practice, Let Researchers Peek Into The Black Box Of The Classroom

by Michael J. Petrillivia Flypaper (Fordham Education Blog)
Wednesday, December 5, 2018

I’m in the middle of a series of posts looking at how we might usher in a “Golden Age of Educational Practice” now that big new policy initiatives appear to be on ice. Last week I claimed that all of the possibilities that might work at scale entail various investments in innovation and R&D. Such efforts will only be successful, though, with exponentially better insight into what’s actually happening in the classroom.

Analysis and Commentary

Do I Deserve What I Have? Part II

by Russell Robertsvia Medium
Wednesday, December 5, 2018

In Part I of this essay, I tried to make the case that I do not deserve the standard of living I currently enjoy, particularly compared to the woman, Bianca, who shined my shoes the other day. Yes, I have more marketable skills than she has, but as I wrote before, that does not mean I deserve a higher standard of living in any fundamental sense. So a legitimate argument can be made that even though I pay a substantial amount of tax on my income and Bianca almost surely receives some benefits from government programs, a substantially higher tax can be justified on grounds of justice.

In the News

Tariffs Aren’t Trump’s Only Trade War Weapon

quoting Steven J. Davisvia Bloomberg
Wednesday, December 5, 2018

President Donald Trump has used tariffs as one of his most powerful tools for fighting his trade wars, but he’s also wielding leverage with another weapon: uncertainty.

In the News

Panel Talks Digital Economy, Drug Violence In Latin America At Hoover Event

quoting George P. Shultzvia Stanford Daily
Wednesday, December 5, 2018

On Monday, the Hoover Institution held a panel discussion on Latin America’s upcoming governance challenges as a part of its series “Governance in an Emerging World.” The event focused on demographic shifts, the digital economy and drug violence and highlighted the potential for privately-funded, micro-level solutions in meeting government service delivery.

In the News

EU’s Vestager Urged To Probe How Tech Giants Cash In On Ads

quoting Nicolas Petitvia The Star Online
Tuesday, December 4, 2018

European Union antitrust enforcers are being urged to scrutinize how ads fuel profits at tech giants such as Google and Facebook Inc as watchdogs from France to Australia start to investigate how the market works.


We Participated In INF Negotiations. Abandoning It Threatens Our Very Existence.

by Mikhail Gorbachev, George P. Shultzvia The Washington Post
Tuesday, December 4, 2018

More than 30 years have passed since the day the leaders of the United States and the Soviet Union, meeting in Geneva, adopted a joint statement declaring that “a nuclear war cannot be won and must never be fought.” It was more than just rhetoric. Less than a year later, in Reykjavik, Iceland, they agreed on the parameters of future treaties on the elimination of intermediate-range nuclear forces, or INF, and the radical reduction of strategic nuclear arms. A year after that, in 1987, the first of these treaties was signed in Washington. 

Papers And Presentations

Lessons From The Crisis

by Darrell Duffievia Revisiting the 2008 Financial Crisis
Friday, December 7, 2018

In the years leading up to the financial crisis that began in 2007, the core of the financial system was vulnerable to major shocks emanating from any of a variety of sources. This presentation reviews the lessons from the crisis.

Related Research

QE and ZLB: Decisive Experiments for Monetary Economics

by John H. Cochrane via Revisiting the 2008 Financial Crisis
Friday, December 7, 2018

Quantitative Easing (QE) = Large Scale Asset Purchases, issue reserves. But, does QE “Work?” And to what end?

Papers And Presentations

Labor Market Adjustment

by Caroline M. Hoxbyvia Revisiting the 2008 Financial Crisis
Friday, December 7, 2018

Today, there is suggestive evidence that policies during the recession failed to promote labor market adjustment, leading to permanently lower worker hours.

Blank Section (Placeholder)Analysis and Commentary

A Man Of His Times

by Giselle Donnellyvia Military History in the News
Wednesday, December 5, 2018

The passing of president George Herbert Walker Bush has, inevitably, recalled his role in the most momentous moments of the late 20th century: the fall of the Berlin Wall in the fall of 1989 and the complete collapse of the Soviet empire two years later. That this came about peacefully is still something of a wonder, and is alone more than enough to enshrine our 41st president as a superb statesman.