Policies aimed at fostering economic growth through public expenditure in tertiary education should be better aware of the different contribution of each specific academic discipline. Rather than introducing measures affecting the allocation of resources in the broad spectrum of academic knowledge, policies might instead introduce ad-hoc measures to foster specific disciplines, for example through differentiated enrollment fees for students.
What value does the story of Henry George, a self-taught economist from the late nineteenth century, hold for Americans living in the early 21st century? Quite a lot, if we stop to consider the ways in which contemporary American society has come to resemble America in the late-nineteenth century, a period popularly known as the Gilded Age.
Is Europe heading towards an Energy Union — the ambitious goal announced by the Commission at the beginning of this year? If so, many would say that it is about time. Energy has long been neglected by Europe.
Today, the international community has its hands full with a host of global challenges; from rising numbers of refugees, international terrorism, nuclear weapons proliferation, to pandemics, cyber-attacks, organized crime, drug trafficking, and others. Where do such global challenges originate? Two primary sources are rogue states like North Korea or Iran and failed states like Afghanistan or Somalia.
Nobel laureate Amartya Sen, author of The Country of First Boys: And Other Essays talks to Amrita Dutta from The Indian Express about why inequality persists, his educational experiences, and his love for Sanskrit literature.
Research for the developing world is the application of science to the challenges facing poor people and places. In the 20th century, such research fell into two camps.
For over two centuries, newspapers were the dominant news medium. Yet today “dead tree” media-like stamp collecting is, well, so twentieth century. Now that millions of Americans get their news from social media on-line, newspapers have been in free-fall, prompting many pundits to wonder aloud if journalism has a future.
With elections just about a year away, Americans can expect to hear a lot about regulation during the next twelve months—most of it from Republicans and most of it scathing. Republican frontrunner Donald Trump typifies the GOP’s attitude toward regulation.
S.B. 185, recently signed into law by California Governor Edmund G. (Jerry) Brown, Jr., requires California’s public employee pension plans to divest their investments in publicly-traded companies that derive half or more of their revenue from “the mining of thermal coal.”
In a widely quoted interview with USA Today, Ben Bernanke said that ‘It would have been my preference to have more investigations of individual actions because obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm.’ He makes it clear that he thought some Wall Street executives should have gone to jail.
Where does our food come from? A popular slogan tells us that our food comes from farms: “If you ate today, thank a farmer.” Supermarkets cater to the same idea, labelling every bag of produce with the name of an individual farm.
Companies care about the job satisfaction of their employees, because this is in their very own interest. In fact, dissatisfied workers perform poorly, are often absent and impose hiring costs as they switch employers frequently. Managers, as well as management researchers, agree on the importance of job satisfaction, since the Hawthorne experiments suggested in the 1920s that employees like attentive employers.
The growth of United States’ shale oil and gas production over the last decade has been nothing short of phenomenal. Already the premier natural gas producer, Already the premier natural gas producer, the United States is poised to surpass Saudi Arabia and Russia as the largest oil producer and will likely become a net exporter of both oil and gas within a decade or more.
The creativity of rich individuals and their tax advisors to hide private wealth in tax havens such as the Cayman Islands or Switzerland knows hardly any bounds. Just as unethical, though often legal, are the multiple techniques multinational corporations use to shift profits to low-tax jurisdictions such as Panama or Bermuda.
t the conclusion of the mid-September meeting of the Federal Open Market Committee (FOMC), the Federal Reserve announced its decision to leave its target interest rate unchanged through the end of this month. Although some pundits had predicted that the Fed might use the occasion of August’s decline in the unemployment rate (to 5.1 percent from 5.3 percent in July), to begin its long-awaited monetary policy tightening, those forecasts left out one crucial fact.
In 2008 Iceland experienced one of the worst financial crises in history, which involved the collapse of all three of its major commercial banks. The causes of this collapse were numerous and complex, and included the banks’ difficulty in refinancing their short-term debt and a run on their deposits.