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“Is it transformative? Maybe not,” said Eric Verhoogen, a professor of economics at Columbia University who focuses on industrial development.. “But this sort of model can be quite beneficial for the community in which production is happening, in part because many times people in the community don’t really know what the end consumer in the U.S. or another rich country wants. The advantage that companies like this one bring is they know the consumer.”

Behavioral economists speak of “loss aversion.” “If I give you $10 and take it away from you, that feels a lot worse than me not giving it to you in the first place,” said Mark Dean, an economics professor at Columbia University.

Transparency and Deliberation Within the FOMC: A Computational Linguistics Approach Stephen Hansen, Michael McMahon, Andrea Prat The Quarterly Journal of Economics, May 2018

Recommender Systems as Mechanisms for Social Learning Yeon-Koo Che, Johannes Hörner The Quarterly Journal of Economics, May 2018

Columbia University Professor Jeffrey Sachs said the world's ways of producing and using energy need to change "much faster, much more dramatically" than political leaders looking to tap hydrocarbon reserves understand. "So, if we want to move to zero emissions we better get the idea to move away from fossil fuels faster than Shell oil company thinks we can," Sachs told a conference in the Cypriot capital on the climate change challenges faced by Mediterranean countries and the Middle East.