Information And Economics: How Should Expectations Be Modeled? What Actually Works?
Apr 9, 2015 | 10:45—12:15
Networks in the Laboratory
This chapter surveys experimental research on networks in economics.
Contagion Risk and Network Design
Individuals derive benefits from their connections, but these may, at the same time, transmit external threats. Individuals therefore invest in security to protect themselves. However, the incentives to invest in security depend on their network exposures. We study the problem of designing a network that provides the right individual incentives.
Efficiency and Equilibrium in Network Games: An Experiment
The tension between efficiency and equilibrium is a central feature of economic systems. In many contexts, social networks mediate this trade-off: an individual’s network position determines equilibrium play, and social relations allow coordination on an efficient norm.
Community Networks and the Process of Development
Anyone who has spent time in a developing country knows the importance of social connections. Among their many roles, these connections help individuals land jobs, and provide them with credit and other forms of support.
What is Economic Success?
Oct 11, 2013
“You are now leaving the world as you know it.”
Swimming against the Current: A Remembrance of Ronald Coase (1910-2013)
Sep 13, 2013
Ronald Coase, who passed away last week at age 102, spent his academic career swimming against the current.
Why is economic sense so often morally appalling?
Aug 20, 2013
what is economically correct must always be balanced with what is morally right.
Did Capitalism Fail? The Financial Crisis Five Years On
Jul 24, 2013
Did the global economic collapse in 2008 stem from structural failures in the capitalist system?
Middle-Out Economics: A Truer Form of Capitalism
Jun 10, 2013
“Four men sat at a table. Raised sixty floors above the city, they did not speak loudly as one speaks from a height in the freedom of air and space; they kept their voices low, as befitted a cellar.”
Dancing in the Dark: Creating an Economics for the 21st Century
May 12, 2013
In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.
New Metrics for Economic Complexity: Measuring the Intangible Growth Potential of Countries
In this paper we provide a summary and a guide to the literature for a new line of research which goes under the name of Economic Complexity and is partly performed incollaboration with INET.
Growth and Technological Change in Complex Systems
Apr 5, 2013 | 10:30—11:45
A new way of thinking in economics
Apr 2, 2013
What is the purpose of economics?
The Consequences of a Leaderless Economy
Mar 26, 2013
What happens when there’s no leader in the global economy?