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Daniel Hall3 Central Banks Are Wrong about Rate Cuts
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Anas Bouargane5 Millions to Benefit From UK's New Flexible Working Bill
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Climate Summit 2021: President Joe Biden Announces the United States Will Aim to Cut Carbon Emissions by as Much as 52% by 2030
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More in Global Economy
When the University of Chicago Dropped Football
There was a time when football was king at the University of Chicago. Their famous coach, Amos Alonzo Stagg, ran the program from 1892 to 1932. His teams were (unofficial, but widely recognized) national champions in 1905 and 1913. His teams won 314 games, which means that even after all these years he ranks 10th for most wins among college football coaches. Stagg is credited with fundamental innovations to the way we think about football: the "tackling dummy, the huddle, the reverse and man in motion plays, the lateral pass, uniform numbers."
- 1
Classroom vs. Smartphone: One Instructor Surrenders
It's of course possible both to teach and to learn via a video or a book. But there's an implicit vision many of us share about what happens in a college classroom between a professor and students. It involves how a classroom comes together as a shared experience, as the participants develop both a closeness and an openness with each other. There is an underlying belief that the process of learning through an interwoven reaction and counter-reaction, sustained in this shared atmosphere, is part of what matters for an education, not just a a score on a test of pre-specified learning objectives.
- 4
Is the US Economy Having an Engels' Pause?
Consider a time period of several decades when there is a high level of technological progress, but typical wage levels remain stagnant while profits soar, driving a sharp rise in inequality. In broad-brush terms, this description fits the US economy for the last few decades. But it also fits the economy of the United Kingdom during the first wave of the Industrial Revolution in the first half of the 19th century.
- 4
Latin America: Missing Firms, Slow Growth, and Inequality
The economies of Latin America have gone through a series of different periods in the half-century or so. There was an "import substitution" period back in the 1960s and 1970s, where the idea was that government would direct industrial development in a way that would remove the need for imports from high-income countries. This was followed by the "lost decade" of the 1980s, a period of very high inflation, slow growth, and defaults on government debt. The 1990s was sometimes labeled as at time of economic liberalization or the so-called "Washington consensus." Starting around 2000, there was a "commodity supercycle" when first a global rise in commodity prices led to faster growth across much of Latin America, but then more recently a drop in commodity prices slowed down that growth.
- 5
Universal Basic Income - Combined With What Else?
The idea of a "universal basic income" has some immediate attraction along with other slogans like a guaranteed government job or single payer health insurance, the devil is in the details.
- 6
Uncertainty and the Countdown to the US Presidential Elections
· JP Morgan analyse the impact of 14,000 presidential Tweets · Gold breaks out to the upside despite US$ strength · China backs down slightly over Hong Kong · Trump berates Fed Chair and China
- 6
Why The ECB Should Raise Rates
Negative rates are likely one of the reasons behind the lacklustre European growth. Negative rates have worked as a tool to transfer wealth from savers to the indebted governments that have abandoned all structural reforms, while these extremely low rates have also perpetuated overcapacity, incentivised the refinancing of zombie companies and effectively worked as a disguised subsidy on low productivity. Not only those measures have damaged banks, but they have also created very dangerous collateral impacts (read “Negative Rates Have Damaged Banks But This Is Not The Worst Effect”).
- 5
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