Biographies for Volumes 1 and 2, List of Contributors
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The Social Bases of Austerity
SPERI Paper No.9 The Social Bases of Austerity. European tunnel vision & the curious case of the missing left. Stephanie Mudge About the author Stephanie Mudge Stephanie Mudge is Research Fellow at SPERI and an Assistant Professor of Sociology at the University of California Davis. Her research centres on the historical study of culture, democratic politics, economic policy, and the constitution of political authority. Stephanie completed her PhD at the University of California, Berkeley and was a post-doctoral fellow at the European University Institute (Max Weber Programme) and the Max Planck Institute for the Study of Societies (MPIfG). Her work has been published in the American Journal of Sociology, Annual Review of Sociology, Social Science History and the Socio-Economic Review. This paper draws in part from a book manuscript titled Neoliberal Politics, which offers an account of the causes and longer-term effects of the third way era in centre-left politics in Western democracies. An earlier version was presented on June 20, 2013 at the Society for the Advancement of Socio-economics’ (SASE) mini-conference on “Economic Culture in the Public Sphere” in Milan, organised by Lyn Spillman and Fred Wherry. ISSN 2052-000X Published in February 2014 SPERI Paper No.9 – The Social Bases of Austerity 1 Before the election of 1932 … there was a majority in the Riksdag consisting of conservatives, liberals, and members of the farmer party, convinced that the budget should be balanced according to the traditional method and that for this reason the plans of the labor party for large public works, financed by borrowing, should be defeated. -
Press Release
PRESS RELEASE 10 October 2016 The Prize in Economic Sciences 2016 The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2016 to Oliver Hart Bengt Holmström Harvard University, Cambridge, MA, USA Massachusetts Institute of Technology, Cambridge, MA, USA “for their contributions to contract theory” The long and the short of contracts Modern economies are held together by innumera- In the mid-1980s, Oliver Hart made fundamental contri- ble contracts. The new theoretical tools created by butions to a new branch of contract theory that deals with Hart and Holmström are valuable to the understan- the important case of incomplete contracts. Because it is ding of real-life contracts and institutions, as well impossible for a contract to specify every eventuality, this as potential pitfalls in contract design. branch of the theory spells out optimal allocations of control rights: which party to the contract should be entitled to Society’s many contractual relationships include those make decisions in which circumstances? Hart’s fndings on between shareholders and top executive management, an incomplete contracts have shed new light on the ownership insurance company and car owners, or a public authority and control of businesses and have had a vast impact on and its suppliers. As such relationships typically entail several felds of economics, as well as political science and conficts of interest, contracts must be properly designed law. His research provides us with new theoretical tools for to ensure that the parties take mutually benefcial deci- studying questions such as which kinds of companies should sions. -
* * Top Incomes During Wars, Communism and Capitalism: Poland 1892-2015
WID.world*WORKING*PAPER*SERIES*N°*2017/22* * * Top Incomes during Wars, Communism and Capitalism: Poland 1892-2015 Pawel Bukowski and Filip Novokmet November 2017 ! ! ! Top Incomes during Wars, Communism and Capitalism: Poland 1892-2015 Pawel Bukowski Centre for Economic Performance, London School of Economics Filip Novokmet Paris School of Economics Abstract. This study presents the history of top incomes in Poland. We document a U- shaped evolution of top income shares from the end of the 19th century until today. The initial high level, during the period of Partitions, was due to the strong concentration of capital income at the top of the distribution. The long-run downward trend in top in- comes was primarily induced by shocks to capital income, from destructions of world wars to changed political and ideological environment. The Great Depression, however, led to a rise in top shares as the richest were less adversely affected than the majority of population consisting of smallholding farmers. The introduction of communism ab- ruptly reduced inequalities by eliminating private capital income and compressing earn- ings. Top incomes stagnated at low levels during the whole communist period. Yet, after the fall of communism, the Polish top incomes experienced a substantial and steady rise and today are at the level of more unequal European countries. While the initial up- ward adjustment during the transition in the 1990s was induced both by the rise of top labour and capital incomes, the strong rise of top income shares in 2000s was driven solely by the increase in top capital incomes, which make the dominant income source at the top. -
Zaufanie Do Polityków W Kwietniu
Warszawa, kwiecień 2013 BS/53/2013 ZAUFANIE DO POLITYKÓW W KWIETNIU Znak jakości przyznany CBOS przez Organizację Firm Badania Opinii i Rynku 11 stycznia 2013 roku Fundacja Centrum Badania Opinii Społecznej ul. Żurawia 4a, 00-503 Warszawa e-mail: [email protected]; [email protected] http://www.cbos.pl (48 22) 629 35 69 Największym zaufaniem Polaków niezmiennie cieszy się prezydent Bronisław Komorowski. W kwietniu1 zaufanie do głowy państwa zadeklarowało 70% ankietowanych, a więc dokładnie tyle samo, co w dwóch poprzednich miesiącach. Na dobrą pamięć Polaków zasłużył, jak się okazuje, były prezydent Aleksander Kwaśniewski, który po wieloletniej przerwie ponownie włączył się w nurt bieżącej polityki, patronując lewicowej inicjatywie Europa Plus. Według deklaracji uzyskanych w pierwszej dekadzie kwietnia 2013 roku, Aleksandrowi Kwaśniewskiemu ufa 54% ankietowanych. Zaufanie do pozostałych osób aktywnych na scenie politycznej kształtuje się na znacznie niższym poziomie. Niezmiennie zaliczający się do ścisłej czołówki naszego rankingu Ryszard Kalisz oraz najlepiej oceniany spośród przedstawicieli rządzącej koalicji szef MSZ Radosław Sikorski cieszą się zaufaniem mniej niż połowy badanych. Wykluczonemu ostatnio z SLD Ryszardowi Kaliszowi ufa 46% respondentów, nieco mniej osób (43%) deklaruje zaufanie do szefa polskiej dyplomacji. Kolejne miejsca na liście najczęściej obdarzanych zaufaniem polityków zajmują: lider SLD Leszek Miller (36%), wiceprzewodniczący PO Grzegorz Schetyna (35%), premier Donald Tusk i przewodniczący Solidarnej Polski Zbigniew Ziobro (po 34% deklaracji zaufania) oraz prezes PiS Jarosław Kaczyński (33%). Nieco rzadziej z zaufaniem respondentów spotykają się inni prominentni politycy rządzącej koalicji: minister sprawiedliwości Jarosław Gowin (31%), marszałek Sejmu Ewa Kopacz (30%) oraz szef PSL, wicepremier i minister gospodarki Janusz Piechociński (28%). Prawie jedna czwarta badanych ufa liderowi NSZZ „Solidarność” Piotrowi Dudzie (24%) i niemal tyle samo (23%) deklaruje zaufanie do szefa sejmowego zespołu ds. -
Econ 753 Syllabus
Economics 753: Applied Econometrics – Fall 2017 Monday/Wednesday 9:05–10:30 am & Lab Monday 10:30-11:30 Gordon Hall 303-304 Michael Ash, [email protected] 306 Crotty, Office hours: Tue 10-11:30; Wed 10:30-12 Robert Pollin, [email protected] 313 Gordon, 577-0819, Office Hours: Tue 2-4 or by appt. http://courses.umass.edu/econ753 http://courses.umass.edu/econ753/econ753.pdf COURSE SYLLABUS “There is no royal road to science, and only those who do not dread the fatiguing climb of its steep paths have a chance of gaining its luminous summits.”—Karl Marx The purpose of this course is to help you become comfortable and creative as empirical economic researchers. We will therefore introduce a series of econometric techniques and models by observing life in the trenches, i.e., working through how practitioners have approached econometric problems and built models as a vehicle for addressing substantive questions. We also put stress on communicating econometric results and descriptive statistics in ways that are illuminating, persuasive, and rigorous. But we will also ask the question: what does it mean to be rigorous with econometrics and with statistics in general? Indeed, early in the course, we will even address so basic a methodological question as that raised by John Maynard Keynes himself in the infancy of econometrics—whether the entire enterprise was worth pursuing. Finally, in the course of your studying and then doing real-world econometrics, we aim to get you to become comfortable, and perhaps even proficient, in least one major statistical software package and with manipulating data sets. -
Oliver Hart and Bengt Holmström)
Erasmus Journal for Philosophy and Economics, Volume 9, Issue 2, Autumn 2016, pp. 167-180. http://ejpe.org/pdf/9-2-art-10.pdf Reflections on the 2016 Nobel Memorial Prize for contract theory (Oliver Hart and Bengt Holmström) NICOLAI J. FOSS Bocconi University PETER G. KLEIN Baylor University Abstract: We briefly summarize the contributions of Oliver Hart and Bengt Holmström, two key founders of modern contract theory, and describe their significance for the analysis of organizations and institutions. We then discuss the foundations of modern contract theory and review some criticisms related to modeling strategy, assumptions about knowledge and cognition, and relevance. We conclude with some suggestions for advancing contract theory in a world of uncertainty, complexity, and entrepreneurship. INTRODUCTION As researchers who focus on the economic theory of the firm we were delighted to see the 2016 Nobel Prize in economic sciences go to Oliver Hart and Bengt Holmström, two of the foremost economists in the areas of contracting, firm boundaries, and organizational structure. Their work has important implications not only for the theory of contracts and the theory of the firm, but also for work in strategic management, entrepreneurship, corporate governance, financial contracting, public administration, stakeholder theory, and much more. Hart, a British economist teaching at Harvard, and Holmström, originally from Finland and now on the faculty at MIT, are leading practitioners of the formal, mathematical analysis of contracting and organizations. Hart is best known for his contributions to the ‘incomplete contracting’ or ‘property rights’ approach to the firm, while Holmström is considered the founder of modern principal-agent theory. -
Populist and Nationalist Trends in the Polish Influential Press: Pro-European Or Euro-Skeptical?
DOI:10.17951/k.2019.26.2.159-179 ANNALES UNIVERSITATIS MARIAE CURIE-SKŁODOWSKA LUBLIN – POLONIA VOL. XXVI, 2 SECTIO K 2019 Cardinal Stefan Wyszyński University in Warsaw, Institute of Media Education and Journalism RAFAŁ LEŚNICZAK ORCID ID: https://orcid.org/0000-0003-0099-4327 Populist and Nationalist Trends in the Polish Influential Press: Pro-European or Euro-Skeptical? ABSTRACT The aim of this paper is to determine the level of populist and nationalist trends in the Polish influential press articles related to the global financial crisis triggered on 15 September 2008 by the collapse of the Lehman Brothers investment bank. The result of the Polish presence in the European Union and NATO structures is that the crisis situations in Western Europe and the USA constitute an important topic for Polish media, and allow for the assessment of the level of approval/criticism towards the Western world. The author assumed that the domination of populist and nationalist trends is a sign of Euro-skepticism, while their presence that is not more than incidental – a sign of pro-European attitude. The paper versions of the most influential Polish press titles constitute the research material, namely daily papers: “Rzeczpospolita” and “Gazeta Wyborcza” and weekly magazines: “Newsweek Polska” and “Polityka”. Key words: populism, nationalism, pro-European attitude, Euro-skepticism, influential press INTRODUCTION AND METHODOLOGY The Polish presence in the European Union (EU) is connected with social and political changes after the fall of communism in 1989 and democratization, which resulted in accession of Poland to the European structures in 2004 [Sztompka 1996; Ekiert 2003; Žídek 2011; Szalkowski, Jankowicz 2004; Copsey, Pomorska 2014]. -
Ten Years After Europe's 'Big Bang': How Enlargement Has Transformed the EU
Transcript: Q&A Ten Years After Europe's 'Big Bang': How Enlargement Has Transformed the EU Jacek Rostowski Deputy Prime Minister of Poland (2013); Finance Minister (2007-13) Anne Applebaum Director, Transitions Forum, Legatum Institute Dimitar Bechev Senior Visiting Fellow, European Institute, LSE Chair: Quentin Peel Mercator Senior Fellow, Europe Programme, Chatham House 24 November 2014 The views expressed in this document are the sole responsibility of the speaker(s) and participants do not necessarily reflect the view of Chatham House, its staff, associates or Council. Chatham House is independent and owes no allegiance to any government or to any political body. It does not take institutional positions on policy issues. This document is issued on the understanding that if any extract is used, the author(s)/ speaker(s) and Chatham House should be credited, preferably with the date of the publication or details of the event. Where this document refers to or reports statements made by speakers at an event every effort has been made to provide a fair representation of their views and opinions. The published text of speeches and presentations may differ from delivery. 10 St James’s Square, London SW1Y 4LE T +44 (0)20 7957 5700 F +44 (0)20 7957 5710 www.chathamhouse.org Patron: Her Majesty The Queen Chairman: Stuart Popham QC Director: Dr Robin Niblett Charity Registration Number: 208223 2 Ten Years After Europe's 'Big Bang': Q&A Question 1 A comment to Anne, very briefly. I think you were a bit too tough on Britain. We were the first country to open up, to say that the transition mechanism doesn't apply and we welcome all the proverbial Polish plumbers. -
Programme Booklet
Programme 6th Lindau Meeting on Economic Sciences 23 – 26 August 2017 MEETING APP TABLE OF CONTENTS WANT TO STAY UP TO DATE? Download the Lindau Nobel Laureate Meetings App. Available in Android and iTunes app stores. (“Lindau Nobel Laureate Meetings”) Scientific Programme page 8 About the Meetings page 34 • Up-to-date programme info & details • Session abstracts Supporters page 38 • Ask questions during panel discussions • Participate in polls and surveys Maps page 46 • Interactive maps • Connect to other participants Good to Know page 54 • Social media integration Download the app (Lindau Nobel Laureate Meetings) in Android, iTunes or Windows Phone app stores. Within the app, use the passphrase “marketpower” to download the guide for the 6th Lindau Meeting on Economic Sciences. 2 3 WELCOME WELCOME The 6th Lindau Meeting on Economic Sciences takes place during a climate With every meeting, we aim to further increase the opportunities of dia- of intense debate in society and science. Radical ideologies and re-emerging logue between laureates and young economists. This year, we are expand- separatist or nationalist sentiments add to a growing sense of insecurity ing formats of exchange into afternoon seminars: Selected economists will and isolation. Recent political decisions and their consequences are signs of have the opportunity to present their work to a group of laureates. Com- a global volatility. Further uncertainty is created by the trend of post-factual munication during the week will be improved by a meeting app that allows statements and science denial in public discourse. James J. Heckman gives up-to-date programme information. a possible response to this dilemma in a video on the future of economics: The Lindau Science Trail, a public exhibition project integrating science into “Empirical economics that’s grounded in solid data is a vaccine against this the Lindau city space, is a new addition to our outreach efforts as part of our post-truth world.” “Mission Education”. -
Econ 590 Topics in Labor: Modeling the Labor Market Logistics
Econ 590 Topics in Labor: Modeling the Labor Market Prof. Eliza Forsythe [email protected] Logistics Two lectures per week on Monday and Wednesdays from 2 to 3:20 pm in 317 David Kinley Hall. Description This is a graduate course in labor economics, appropriate for PhD students in the Department of Economics and other students with permission of the instructor. The focus of the course is theoretical models used in labor economics, and the aim is to both acquaint students with canonical models in the eld, as well as to encourage the development of the applied-micro modeling skills necessary to produce theoretical models that support empirical research. Although theory will be the emphasis, we will also cover related empirical literature. The syllabus contains readings of two sorts. Readings with stars will be emphasized in lectures. Other readings may be discussed briey, but are also listed as a guide to the literature. The Compass website has readings and other course materials. Students who are interested in pursuing research in labor eco- nomics or other applied micro elds are strongly encouraged to attend the weekly student workshop, which meets on Tuesdays from 12:30-1:30 pm and the applied micro seminar which meets Mondays and occasional Wednesdays from 3:30 to 5 pm. Course Materials Most required readings will be available via links on the course website. Many readings will be drawn from David Autor and Daron Acemoglu's Lectures in Labor Economics (denoted AA below) and the Handbook of Organizational Economics, both of which are available electronically via the course website. -
Interview with Waldemar Pawlak Polish Brands Cities and Regions
■ Interview with Waldemar Pawlak ■ Polish brands ■ Cities and regions ■ Euro 2012 ■ Polish hospitality ■ Special Economic Zones ■ Polish export and design L’Arc ~ Varsovie French restaurant in the heart of Warsaw. The cuisine is led by our Chef Marcin Legat who delight in serving you delicious contemporary and French cuisine. We serve daily breakfast, lunch and dinner which are prepared by our talented Chef reklama Larcand his team using only the best and freshest ingredients. Our trademark is our Aquarium from where we serve delicious fresh lobsters and different kind of oysters on a daily basis. Live piano on wednesday and saturdays between 19:00 ‒ 22:00. We serve Champagne Moet per glass and bottle with the best price in Poland! Restauracja L’ARC Varsovie ul. Puławska 16, 02-512 Warszawa tel.: +48 602 822 007 (French/English/Polish) +48 519 000 050 +48 22 465 13 58 fax: 22 465 13 58 e-mail: [email protected] 5 Contents ■ POLISH ECONOMY 6 ▪ Interview with Mr. Waldemar Pawlak, Vice Prime Minister 6 ▪ Polish economy: still catching the wave 8 ▪ Interview with Mr. H.E. Lee Feinstein 16 ▪ Interview with Mr. H.E. Robin Barnett 18 ▪ Interview with Mr. H.E. Rüdiger Freiherr von Fritsch 19 ▪ Interview with Prof. Witold Orłowski 20 ▪ Interview with Mr. Maxime Gourgouillat 24 ■ EURO 2012 26 ▪ Euro 2012 - football and economics 27 ▪ Cooperation Poland & Ukraine 30 ■ CITIES AND REGIONS 34 Publisher & Editor-in-chief ▪ Cities and Regions 35 Milena Golda ▪ Interview with Mr. Adam Jarubas 40 Executive Editor ▪ Interview with Mr. Leszek Wojtasiak 42 Grzegorz Morawski ▪ Interview with Mr. -
Deep Crises and Reform: What Have We Learned? / Michael Bruno
DI RECTIONS I N DEVELOPM ENT Deep Crises Public Disclosure Authorized and Reformn What Have We Learned? MICHAEL BRUNO Public Disclosure Authorized N i1j'' i- W 0 1 Public Disclosure Authorized Public Disclosure Authorized DIRECTIONS IN DEVELOPMENT Deep Crises and Reform What Have We Learned? Michael Bruno The World Bank Washington, D.C. © 1996 The International Bank for Reconstruction and Development/ THE WORLD BANK 1818 H Street, N.W. Washington, D.C. 20433 All rights reserved Manufactured in the United States of America First printing September 1996 The findings, interpretations, and conclusions expressed in this study are entirely those of the author and should not be attributed in any manner to the World Bank, to its affil- iated organizations, or to members of its Board of Executive Directors or the countries they represent. Michael Bruno is senior vice president and chief economist, Development Economics. This booklet draws heavily on work done jointly with William Easterly. For useful dis- cussions and comments on an earlier draft the author is grateful to Masood Ahmed, Mark Baird, Mario Blejer, William Easterly, Carol Graham, Christine Jones, Yair Mundlak, Dani Rodrik, Deborah Wetzel, and Holger Wolf. The author is also indebted to Paulo Vieira da Cunha, who commented extensively on an earlier draft and helped with the editing of the final draft. Giuseppe larossi provided valuable research assis- tance. The booklet was edited by Paul Holtz and Bruce Ross-Larson and laid out by Christian Perez, all with American Writing Corporation. A slightly different version of the paper on which this booklet is based will be published in Daniel Cohen, ed., Trade, Payments, and Debt, Macmillan, forthcoming.