Articles

On George Akerlof’s “The Market for Lemons”

I’ve been thinking a bit more about Roland Fryer’s working paper on police use of force, prompted by this thread by Europile and excellent posts by Michelle Phelps and Ezekeil Kweku.

Europe’s leaders must recognize that the EU is on the verge of collapse. Instead of blaming one another, they should pull together and adopt exceptional measures.

The Brexit referendum is nothing less than an earthquake. But when an earthquake happens, seismologists try to understand how and why the tectonic plates had been shifting, and the pressures that had been building to bring about the event. The causes underlying every earthquake are specific in how they come together, even if they are seen in different places.

Several days ago, we woke up to a new world. Britain had voted to leave the European Union. Some were pleased, many were deeply concerned. What is likely is that many will be affected. Some wonder if the EU will survive. It will take months if not years to fully understand the ramifications.

What we’re reading: Recent statements from the IMF and the OECD highlight a growing call for new economic policy thinking in response to the specter of long-term stagnation

Pernicious cultural norms inside American banks and regulatory agencies have crowded out fundamental moral principles. Ed Kane proposes an antidote.

Why most economists did not see the 2008 crash coming

What we’re reading: A weekly scan of published items relevant to the Institute’s work

Renewed interest by policymakers in the challenges of long-term slow economic growth highlights the importance of the Institute’s research