Faculty at the University of Chicago have weighed in with a diverse array of ideas and opinions on the nation's financial crisis in recent days. Below you will find a sampling.
Gary S. Becker and Richard A. Posner
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. The current compensation arrangement for big-time college athletics is inefficient, inequitable, and very likely unsustainable, according to a new study by economists from the University of Chicago and Vanderbilt University. The article concludes that an evolution to a competitive labor market with fewer restrictions on pay for top athletes may be inevitable, though the transition will be difficult. See more at http://news.uchicago.edu/article/2015/02/06/economists-recommend-paying-college-athletes?utm_source=….
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. The current compensation arrangement for big-time college athletics is inefficient, inequitable, and very likely unsustainable, according to a new study by economists from the University of Chicago and Vanderbilt University. The article concludes that an evolution to a competitive labor market with fewer restrictions on pay for top athletes may be inevitable, though the transition will be difficult. See more at http://news.uchicago.edu/article/2015/02/06/economists-recommend-paying-college-athletes?utm_source=….
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Casey Mulligan, Professor in the Department of Economics and the College at the University of Chicago, discusses his new book on the Affordable Care Act of 2010. The Affordable Care Act of 2010, sometimes known as Obamacare after the president who championed the law, is the most recent and most significant federal law intended to reduce the fraction of the population without health insurance. Many reports, articles, and blogs have been devoted to tracking and interpreting the law’s effect on health plan premiums and enrollment, but little has been done to assess consequences for the wider economy, if any. The purpose of this book is to offer a comprehensive market analysis of the law that can gauge the size of the various effects, identify new ones, and arrive at conclusions as to the law’s net impact on employment, work hours, productivity, and national income. The book contains numerous facts and economic insights that have been unnoticed by both supporters and opponents. The first half of the book carefully documents the positive and negative tax effects, with special attention to the distinction between employment taxes and income taxes. The second half of the book looks at the economic consequences of all of the new taxes, with attention to distinguishing small effects from large ones. It offers predictions for work hours and national income through 2017 and explains why forecasters have yet to acknowledge many of the economic forces put in motion by the ACA. Visit http://www.acasideeffects.com/ for additional information.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Casey Mulligan, Professor in the Department of Economics and the College at the University of Chicago, discusses his new book on the Affordable Care Act of 2010. The Affordable Care Act of 2010, sometimes known as Obamacare after the president who championed the law, is the most recent and most significant federal law intended to reduce the fraction of the population without health insurance. Many reports, articles, and blogs have been devoted to tracking and interpreting the law’s effect on health plan premiums and enrollment, but little has been done to assess consequences for the wider economy, if any. The purpose of this book is to offer a comprehensive market analysis of the law that can gauge the size of the various effects, identify new ones, and arrive at conclusions as to the law’s net impact on employment, work hours, productivity, and national income. The book contains numerous facts and economic insights that have been unnoticed by both supporters and opponents. The first half of the book carefully documents the positive and negative tax effects, with special attention to the distinction between employment taxes and income taxes. The second half of the book looks at the economic consequences of all of the new taxes, with attention to distinguishing small effects from large ones. It offers predictions for work hours and national income through 2017 and explains why forecasters have yet to acknowledge many of the economic forces put in motion by the ACA. Visit http://www.acasideeffects.com/ for additional information.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. The Paulson Institute hosts Thant Myint-U, member of the Myanmar National Economic and Social Advisory Council, Special Advisor to the Myanmar Peace Centre, and Chairman of the Yangon Heritage Trust, for a talk in its Contemporary China Speakers Series at the University of Chicago.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Simone Cerreia Vioglio, Assistant Professor of Economics at Bocconi University, presents preliminary research on self-confirming long run biases. He and his collaborators consider a myopic decision maker facing a recurrent decision problem. They show that a long run bias emerges that favors tested actions, that is, actions on which information has been collected over time. In so doing they provide, inter alia, a learning foundation for the self-confirming equilibrium with model uncertainty of Battigalli et al. (2011).
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision-making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision-making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision-making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision-making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision-making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In research and policy circles, many have pointed to uncertainty over policy decisions as a drag on the economy that is slowing recovery from the recession. However, evidence of the level and impact of uncertainty has been scarce. In this timely conference, the Becker Friedman Institute brought together scholars from around the world to share new work on uncertainty and its economic consequences on business decision making, economic activity, asset pricing, and more.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Milton Friedman was one of the greatest economists of the 20th century. His continuing influence results from the power of his ideas—ideas built on the twin pillars of sound economic theory and careful empirical analysis. We invite you to join University of Chicago President Robert J. Zimmer, professors Gary Becker and Lars Hansen, and Research Scholar Scott Kominers in a discussion of the lasting impact of Milton Friedman and the University of Chicago’s Becker Friedman Institute. Learn more about the Becker Friedman Institute for Research in Economics at bfi.uchicago.edu
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Milton Friedman was one of the greatest economists of the 20th century. His continuing influence results from the power of his ideas—ideas built on the twin pillars of sound economic theory and careful empirical analysis. We invite you to join University of Chicago President Robert J. Zimmer, professors Gary Becker and Lars Hansen, and Research Scholar Scott Kominers in a discussion of the lasting impact of Milton Friedman and the University of Chicago’s Becker Friedman Institute. Learn more about the Becker Friedman Institute for Research in Economics at bfi.uchicago.edu
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. DAY 2 PANEL 3: Michael Hardt, Professor, Duke University Kaushik Sunder Rajan, Associate Professor, The University of Chicago Lauren Berlant, Chair; Professor, The University of Chicago Andreas Glaeser, Discussant; Associate Professor, The University of Chicago
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. DAY 2 PANEL 1: Neil Brenner Professor, New York University, Jamie Peck Professor, University of British Columbia, Nik Theodore Director, Center for Urban Economic Development William Sewell Professor, The University of Chicago, Peter Evans Professor, Berkeley University, Judith B. Farquhar Chair; Professor, The University of Chicago, James T. Sparrow Discussant; Assistant Professor, The University of Chicago
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. DAY 1 PANEL 1: David Harvey Professor, CUNY Graduate Center, New York, Duncan Foley Professor, The New School for Social Research, Beverly Silver Professor, John Hopkins University, Immanuel Wallerstein Senior Research Fellow, Yale University, William Sewell Chair; Professor, The University of Chicago, Moishe Postone Discussant; Professor, The University of Chicago
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. DAY 1 PANEL 2: Ho-Fung Hung Assistant Professor, Indiana University, Claudio Lomnitz Professor, Columbia University, Achille Mbembe Research Professor, The University of Witwatersrand, Lisa Wedeen Chair; Professor, The University of Chicago, John Comaroff Discussant; Professor, The University of Chicago
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. 2006 Nobel Peace Prize Winner Muhammad Yunus discusses his new book, Building Social Business: The New Kind of Capitalism that Serves Humanity's Most Pressing Needs.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Justin Yifu Lin is the Chief Economist and Senior Vice President of the World Bank. Prior to taking up this position in 2008, he served for 15 years as Professor and Founding Director of the China Center for Economic Research (CCER) at Peking University. Mr. Lin received his PhD in economics from the University of Chicago in 1986 and is the author of 16 books, including The China Miracle: Development Strategy and Economic Reform, and State-owned Enterprise Reform in China. He has published more than 100 articles in refereed international journals and collected volumes on history, development, and transition. Mr. Lin was awarded the 1993 and 2001 Sun Yefang Prize (the highest honor for economists in China), the Citation Classic Award in 2000 (by the publisher of Social Science Citation Index), fellow of Academy of Sciences for Developing World in 2005, and various other prizes. He is on the editorial board of several international academic economics journals.As the first World Bank Chief Economist from a developing country, Mr. Lin guides the Bank's intellectual leadership and plays a key role in shaping the research agenda of the institution.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Justin Yifu Lin is the Chief Economist and Senior Vice President of the World Bank. Prior to taking up this position in 2008, he served for 15 years as Professor and Founding Director of the China Center for Economic Research (CCER) at Peking University. Mr. Lin received his PhD in economics from the University of Chicago in 1986 and is the author of 16 books, including The China Miracle: Development Strategy and Economic Reform, and State-owned Enterprise Reform in China. He has published more than 100 articles in refereed international journals and collected volumes on history, development, and transition. Mr. Lin was awarded the 1993 and 2001 Sun Yefang Prize (the highest honor for economists in China), the Citation Classic Award in 2000 (by the publisher of Social Science Citation Index), fellow of Academy of Sciences for Developing World in 2005, and various other prizes. He is on the editorial board of several international academic economics journals.As the first World Bank Chief Economist from a developing country, Mr. Lin guides the Bank's intellectual leadership and plays a key role in shaping the research agenda of the institution.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. As debate over healthcare reform continues, cost effectiveness analysis, which aims to measure which treatments deliver the most value to patients, is proposed as a way to control cost of care and thereby make health insurance more broadly affordable. While the benefits of controlling healthcare costs are self-evident, the use of cost-effectiveness analysis raises a number of questions and potential risks, particularly in the area of healthcare innovation:What share of the societal gains from their inventions do healthcare innovators currently capture?What is the impact on innovation of regulation already in place, such as the FDA-controlled drug-approval process?How might the use of cost effectiveness analysis impact innovation, and how does one balance a need for cost control with a potential risk to further innovation?Professor Philipson served as a senior health care advisor for Senator John McCains 2008 campaign for President and, under the Bush Administration, as the senior economic advisor to the FDA and to the Centers for Medicare and Medicaid Services. Professor Philipson has won numerous international and national research awards, including (twice) the highest honor in his field: the Kenneth Arrow Award of the International Health Economics Association.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. The current global financial crisis carries a "made in America" label. In this forthright and incisive book, Nobel laureate Joseph Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN Commission charged with reforming the global financial system, Stiglitz then outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government; addressing the inequalities of the global financial system; and demanding more good ideas (and less ideology) from economists. Freefall combines an account of the current crisis with a discussion of the broader economic issues at stake.Joseph E. Stiglitz received the 2001 Nobel Prize for Economics. He is the author of Making Globalization Work, Globalization and Its Discontents, and The Three Trillion Dollar War (with Linda Bilmes). He teaches at Columbia University.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. The current global financial crisis carries a "made in America" label. In this forthright and incisive book, Nobel laureate Joseph Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN Commission charged with reforming the global financial system, Stiglitz then outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government; addressing the inequalities of the global financial system; and demanding more good ideas (and less ideology) from economists. Freefall combines an account of the current crisis with a discussion of the broader economic issues at stake.Joseph E. Stiglitz received the 2001 Nobel Prize for Economics. He is the author of Making Globalization Work, Globalization and Its Discontents, and The Three Trillion Dollar War (with Linda Bilmes). He teaches at Columbia University.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
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