Paul Romer (Nobel '18) offered a pithy aphorism a few years ago: "Everyone wants progress. Nobody wants change."
President Joe Biden is hosting a two-day virtual global climate change summit on Earth Day.
US investors of all types--individual, corporate, government--purchase debt and equity issued in other countries.
As someone with a couple of college-age children who have navigated the admissions process at selective colleges, I found myself nodding in agreement with Matt Feeney's essay in the Chronicle of Higher Education, "The Abiding Scandal of College Admissions: The process has become an intrusive and morally presumptuous inquisition of an applicant’s soul" (April 16, 2021).
Douglas Clement provides an "Esther Duflo interview: Deciding how to share" (For All: Federal Reserve Bank of Minneapolis, Spring 2021).
There is an overly optimistic consensus view about the speed and strength of the United States’ recovery that is contradicted by facts.
Sometimes you work on a big and worthwhile project, and then find yourself to be overtaken by events.