Most Americans cannot afford to miss a paycheck, said Joseph Stiglitz, an economics professor at Columbia University whose work relating to inequality earned him the Nobel Memorial Prize in Economics. While everyone tends to have a house, car, health insurance and car payment to make, the person they owe money
Health care must be a priority, says Sachs. We could emulate Canada or Australia by adopting a single-payer system. Sachs also recommends empowering workers to organize, providing better school-to-work transition programs (e.g., Germany’s apprenticeship model), and overhauling the economics of higher education so they don’t constrain the choices of future
“India is a country that is very vulnerable to the fallout to the readjustment of global interest rates,” says Joseph E. Stiglitz, a Nobel laureate economist at Columbia University in New York, and a former chief economist at the World Bank.
Edward Glaeser of Harvard University, Bruce Sacerdote of Dartmouth College and José Scheinkman of Columbia University describe a “social-multiplier” effect, which boils down to the notion that spending time in a particular way is more enjoyable when others do the same. It is costly to miss work when others are
The what-to-do-about-it is what concerns Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University in New York. The fight over how to treat the IPCC report, which is regarded as the premier science on this issue, is a massive distraction, he said. "What's sad is how much
Bernard Salanié discusses the protests in Paris.
Columbia University professor David Weinstein, an expert in international trade, said there's some evidence that Chinese corporations may be reducing prices to absorb a fraction of the tariffs to stay more competitive in American markets, but he said consumers are paying most of it.
Just under 10 years ago, the international Commission on the Measurement of Economic Performance and Social Progress issued its report, Mismeasuring Our Lives: Why GDP Doesn’t Add Up. The title summed it up: GDP is not a good measure of wellbeing. … Joseph E Stiglitz is a Nobel laureate in
Economist Jeffrey Sach was interviewed in The Nation on his latest book A New Foreign Policy: Beyond American Exceptionalism, published with Columbia UP, which focuses on American international relations.
