Culture

In the wake of the 2008 financial crisis, many of our policy makers and top economists are still stumbling in the dark.

There are a number of possible purposes in assessing the level of economic development of a country or part of a country. The assessment may provide an incentive for better development, particularly if it can be compared meaningfully with assessments for other countries.

What is the purpose of economics?

What happens when there’s no leader in the global economy?

This research project shows what economists can learn from political philosophers in thinking about economic inequality while also investigating the philosophical significance of recent empirical work on inequality, within economics and elsewhere.

Can economics be morally centered? And perhaps more importantly, should it be?

Would having more women in leadership have prevented the financial crisis?

Many public debates about climate change now focus on the economic “costs” of taking action.

Has the servant’s servant become the master’s master?

A poem seems to be an almost perfect metaphor for the modern corporate world.

Elephant seals have got too big for their beaches. A large specimen might weigh over 8000 lbs (3700 kg).Their size has a simple evolutionary explanation. Large males fight for the right to mate with a whole beach full of females. For elephant seals it is, quite literally, winner-takes-all. And the key to winning is simple – size.

We have grown accustomed to regulating financial markets based on imagined, not real markets. Real markets are shaped by and co-evolve with institutional arrangements within two fundamental constraints: Imperfect knowledge and the threat of illiquidity.

The financial sector can support growth but it can also cause crisis. The present crisis has exposedgaps in economists’ understanding of this dual potential.

Many feel that due to its size and scale the financial system has become a burden on society rather than a servant to it. What are the key elements of a productive financial sector?