Economics & Finance 2011
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Free Trade: What Now? by Jagdish Bhagwati This Is the Text Of
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Columbia University Academic Commons Free Trade: What Now? By Jagdish Bhagwati This is the text of the Keynote Address delivered at the University of St. Gallen, Switzerland, on 25th May 1998, on the occasion of the International Management Symposium at which the 1998 Freedom Prize of the Max Schmidheiny Foundation was awarded. Ever since Adam Smith invented the case for free trade over two centuries ago in The Wealth of Nations, and founded in the same great work the science of Economics as we know it today, international economists have been kept busy defending free trade. A popular children’s story in the United States, by Dr. Seuss, has the refrain “And the cat came back”. The opponents of free trade, ranging from hostile protectionists to the mere skeptics, have kept coming back with ever new objections. The critiques we have had to confront have often come from those who fail to understand the essential insight of Adam Smith: that it pays me to specialize on what I do best compared to you, even though I can do everything better than you do. Economists call this the Law of Comparative Advantage: each nation would profit from noncoercive free trade that would lead to such specialization. When asked by the famous mathematician Ulam: “What is the most counterintuitive result in Economics?”, the Nobel laureate Paul Samuelson chose this Law as his candidate.1 Skeptics within Economics But the most compelling skeptics have come repeatedly from within the discipline of Economics itself. -
Notes and Sources for Evil Geniuses: the Unmaking of America: a Recent History
Notes and Sources for Evil Geniuses: The Unmaking of America: A Recent History Introduction xiv “If infectious greed is the virus” Kurt Andersen, “City of Schemes,” The New York Times, Oct. 6, 2002. xvi “run of pedal-to-the-medal hypercapitalism” Kurt Andersen, “American Roulette,” New York, December 22, 2006. xx “People of the same trade” Adam Smith, The Wealth of Nations, ed. Andrew Skinner, 1776 (London: Penguin, 1999) Book I, Chapter X. Chapter 1 4 “The discovery of America offered” Alexis de Tocqueville, Democracy In America, trans. Arthur Goldhammer (New York: Library of America, 2012), Book One, Introductory Chapter. 4 “A new science of politics” Tocqueville, Democracy In America, Book One, Introductory Chapter. 4 “The inhabitants of the United States” Tocqueville, Democracy In America, Book One, Chapter XVIII. 5 “there was virtually no economic growth” Robert J Gordon. “Is US economic growth over? Faltering innovation confronts the six headwinds.” Policy Insight No. 63. Centre for Economic Policy Research, September, 2012. --Thomas Piketty, “World Growth from the Antiquity (growth rate per period),” Quandl. 6 each citizen’s share of the economy Richard H. Steckel, “A History of the Standard of Living in the United States,” in EH.net (Economic History Association, 2020). --Andrew McAfee and Erik Brynjolfsson, The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies (New York: W.W. Norton, 2016), p. 98. 6 “Constant revolutionizing of production” Friedrich Engels and Karl Marx, Manifesto of the Communist Party (Moscow: Progress Publishers, 1969), Chapter I. 7 from the early 1840s to 1860 Tomas Nonnenmacher, “History of the U.S. -
Avinash Dixit Princeton University
This is a slightly revised version of an article in The American Economist, Spring 1994. It will be published in Passion and Craft: How Economists Work, ed. Michael Szenberg, University of Michigan Press, 1998. MY SYSTEM OF WORK (NOT!) by Avinash Dixit Princeton University Among the signals of approaching senility, few can be clearer than being asked to write an article on one's methods of work. The profession's implied judgment is that one's time is better spent giving helpful tips to younger researchers than doing new work oneself. However, of all the lessons I have learnt during a quarter century of research, the one I have found most valuable is always to work as if one were still twenty-three. From such a young perspective, I find it difficult to give advice to anyone. The reason why I agreed to write this piece will appear later. I hope readers will take it for what it is -- scattered and brash remarks of someone who pretends to have a perpetually juvenile mind, and not the distilled wisdom of a middle-aged has-been. Writing such a piece poses a basic problem at any age. There are no sure-fire rules for doing good research, and no routes that clearly lead to failure. Ask any six economists and you will get six dozen recipes for success. Each of the six will flatly contradict one or more of the others. And all of them may be right -- for some readers and at some times. So you should take all such suggestions with skepticism. -
Post-Autistic Economics Review Issue No
sanity, humanity and science post-autistic economics review Issue no. 41, 5 March 2007 back issues at www.paecon.net Subscribers: 9,461 from over 150 countries Subscriptions are free. To subscribe, email "subscribe". To unsubscribe, email "unsubscribe". Send to : [email protected] In this issue: - What would post-autistic trade policy be? Alan Goodacre (University of Stirling, UK) ........................................................................................ 2 - On the need for a heterodox health economics Robert McMaster (University of Aberdeen, UK) ........................................................................... 9 - True cost environmental accounting for a post-autistic economy David A. Bainbridge (Alliant International University, USA) ..................................................... 23 - Does John Kenneth Galbraith have a legacy? Richard Parker (Harvard University, USA) .................................................................................. 29 - Labour rights in China Tim Costello, Brendan Smith and Jeremy Brecher (USA) ............................... 34 - Endogenous growth theory: the most recent “revolution” in economics Peter T. Manicas (University of Hawaii, USA) ............................................................................ 39 - Submissions, etc. ............................................................................................................................... 54 1 post-autistic economics review, issue no. 41 What would post-autistic trade policy be? Alan Goodacre -
Connections in Transportation Department of Urban Studies and Planning, MIT, Spring 2015
Behavior and Policy 11.478 Behavior and Policy: Connections in Transportation Department of Urban Studies and Planning, MIT, Spring 2015 Full Reading List Part I: Behavior and Policy in a Nutshell Class 1. Cafeteria Trays and Multiple Frameworks • Etheredge (1976) The case of the unreturned cafeteria trays: An Investigation based upon theories of motivation and human behavior Class 2. Ten Instruments for Behavioral Change • Miller and Prentice (2013) Psychological Levers of Behavior Change, Chapter 17 in Eldar Shafir, The Behavioral Foundations of Public Policy • Richard Thaler, Cass R. Sunstein: Nudge: Improving Decisions About Health, Wealth, and Happiness, Introduction • Daniel Kahneman: Thinking, Fast and Slow, Introduction Class 3. Measurement, Tools and Technology (Emile Bruneau) • Emile Bruneau 2015 "Putting Neuroscience to Work for Peace”, Working Paper • Duflo, E., Glennerster, R., & Kremer, M. (2007). Using randomization in development economics research: A toolkit. Handbook of development economics, 4, 3895-3962. • Greenwald, A. G., Nosek, B. A., & Banaji, M. R. (2003). Understanding and using the implicit association test: I. An improved scoring algorithm. Journal of personality and social psychology, 85(2), 197. You may try the Implicit Association Test here https://implicit.harvard.edu/ • Winter Mason and Siddharth Suri (2012) Conducting Behavioural Research on Amazon’s Mech Turk, Behavior Research Method 44(1) Class 4. My Brain at the Bus Stop: EEG & Waiting • Dan Ariely and Gregory S. Berns (2010), “Neuromarketing: The Hope and Hype of Neuroimaging in Business.” Nature Reviews Neuroscience. • Li, Zelin, F. Duarte, J. Zhao, Z. Zhao (2015) My brain at the bus stop: an exploratory framework for applying EEG-based emotion detection techniques in transportation study, working paper Class 5. -
PRESS INFORMATION BUREAU GOVERNMENT of INDIA PRESS NOTE RESULT of the CIVIL SERVICES (PRELIMINARY) EXAMINATION, 2019 Dated: 12Th July, 2019
PRESS INFORMATION BUREAU GOVERNMENT OF INDIA PRESS NOTE RESULT OF THE CIVIL SERVICES (PRELIMINARY) EXAMINATION, 2019 Dated: 12th July, 2019 On the basis of the result of the Civil Services (Preliminary) Examination, 2019 held on 02/06/2019, the candidates with the following Roll Numbers have qualified for admission to the Civil Services (Main) Examination, 2019. The candidature of these candidates is provisional. In accordance with the Rules of the Examination, all these candidates have to apply again in the Detailed Application Form-I (DAF-I) for the Civil Services (Main) Examination, 2019, which will be available on the website of the Union Public Service Commission (https://upsconline.nic.in) during the period from 01/08/2019 (Thursday) to 16/08/2019 (Friday) till 6:00 P.M. All the qualified candidates are advised to fill up the DAF-I ONLINE and submit the same ONLINE for admission to the Civil Services (Main) Examination, 2019 to be held from Friday, the 20/09/2019. Important instructions for filling up of the DAF-I and its submission will also be available on the website. The candidates who have been declared successful have to first get themselves registered on the relevant page of the above website before filling up the ONLINE DAF-I. The qualified candidates are further advised to refer to the Rules of the Civil Services Examination, 2019 published in the Gazette of India (Extraordinary) of Department of Personnel and Training Notification dated 19.02.2019. It may be noted that mere submission of DAF-I does not, ipso facto, confer upon the candidates any right for admission to the Civil Services (Main) Examination, 2019. -
Nobel Memoir
Memoir JOSEPH E. STIGLITZ I was born in Gary, Indiana, at the time, a major steel town on the southern shores of Lake Michigan, on February 9, 1943. Both of my parents were born within six miles of Gary, early in the century, and continued to live in the area until 1997. I sometimes thought that my perignations made up for their stability. There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists. (Paul allegedly once wrote a letter of recommendation for me which summarized my accomplishments by saying that I was the best economist from Gary, Indiana.) Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them. I grew up in a family in which political issues were often discussed, and debated intensely. My mother’s family were New Deal Democrats—they worshipped FDR; and though my uncle was a highly successful lawyer and real estate entrepreneur, he was staunchly pro-labor. My father, on the other hand, was probably more aptly described as a Jeffersonian democrat; a small businessman (an independent insurance agent) himself, he repeatedly spoke of the virtues of self-employment, of being one’s own boss, of self-reliance. He worried about big business, and valued our competition laws. I saw him, conservative by nature, buffeted by the marked changes in American society during the near-century of his life, and adapt to these changes. -
<< Half-Title Page>>
Reforming the Tax System for the 21st Century The Mirrlees Review www.ifs.org.uk/mirrleesreview The Review will be published online and by OUP in two volumes. The first, Tax by Design, sets out the conclusions of the Review. The second, Dimensions of Tax Design, consists of a set of commissioned chapters dealing with different aspects of the tax system. Chair Sir James Mirrlees Editorial Team Stuart Adam, Tim Besley, Richard Blundell, Stephen Bond, Robert Chote, Malcolm Gammie, Paul Johnson, Gareth Myles and Jim Poterba Volume I: Tax by Design The first volume, written by the editorial team, presents a coherent approach to tax reform. Its aim is to identify the characteristics of a good tax system for any open developed economy. It will also assess the extent to which the UK tax system conforms to these ideals and recommend how it might realistically be reformed in that direction. Drawing on the expert evidence from the commissioned chapters and commentaries in Volume II, it provides an integrated view of tax reform. Contents 1. Introductory chapter 2. The system as a whole and reform 3. Savings and Assets (to include pensions but not housing) 4. Gifts and Inheritance 5. Rates 6. Sin Taxes 7. VAT 8. Environment 9. Housing, property and Land 10. Companies 11. Institutions 12. Concluding chapter Volume II: Dimensions of Tax Design The second volume consists of a set of thirteen commissioned studies which draw on the latest thinking in each area. It brings together a high-profile group of international experts and younger researchers to assess the dimensions of tax design in a number of key areas for the Review. -
Sendhil Mullainathan Education Fields of Interest Professional
Sendhil Mullainathan Robert C Waggoner Professor of Economics Littauer Center M-18 Harvard University Cambridge, MA 02138 [email protected] 617 496 2720 _____________________________________________________________________________________ Education HARVARD UNIVERSITY, CAMBRIDGE, MA, 1993-1998 PhD in Economics Dissertation Topic: Essays in Applied Microeconomics Advisors: Drew Fudenberg, Lawrence Katz, and Andrei Shleifer CORNELL UNIVERSITY, ITHACA, NY, 1990-1993 B.A. in Computer Science, Economics, and Mathematics, magna cum laude Fields of Interest Behavioral Economics, Poverty, Applied Econometrics, Machine Learning Professional Affiliations HARVARD UNIVERSITY Robert C Waggoner Professor of Economics, 2015 to present. Affiliate in Computer Science, Harvard John A. Paulson School of Engineering and Applied Sciences, July 1, 2016 to present Professor of Economics, 2004 (September) to 2015. UNVIRSITY OF CHICAGO Visiting Professor, Booth School of Business, 2016-17. MASSACHUSETTS INSTITUTE OF TECHNOLOGY Mark Hyman Jr. Career Development Associate Professor, 2002-2004 Mark Hyman Jr. Career Development Assistant Professor, 2000-2002 Assistant Professor, 1998- 2000 SELECTED AFFILIATIONS Co - Founder and Senior Scientific Director, ideas42 Research Associate, National Bureau of Economic Research Founding Member, Poverty Action Lab Member, American Academy of Arts and Sciences Contributing Writer, New York Times Sendhil Mullainathan __________________________________________________________________ Books Scarcity: Why Having Too Little Means So Much, joint with Eldar Shafir, 2013. New York, NY: Times Books Policy and Choice: Public Finance through the Lens of Behavioral Economics, joint with William J Congdon and Jeffrey Kling, 2011. Washington, DC: Brookings Institution Press Work in Progress Machine Learning and Econometrics: Prediction, Estimation and Big Data, joint with Jann Spiess, book manuscript in preparation. “Multiple Hypothesis Testing in Experiments: A Machine Learning Approach,” joint with Jens Ludwig and Jann Spiess, in preparation. -
Empirical Evidence and Tax Reform: Lessons from the Mirrlees Review I
Empirical Evidence and Tax Reform: Lessons from the Mirrlees Review February 2011 Rich ard Blun de ll University College London and Institute for Fiscal Studies Layout • I. Background to the Mirrlees Review • II. Earnings Taxation • III. Taxation of Consumption and Savings • http://www.ifs .org .uk/mirrleesReview © Institute for Fiscal Studies I. Background to the Mirrlees Review • Built on a large body of economic theory and evidence. • Inspired by the Meade Report on Taxation • Review of tax design from first principles – for modern open economies in general – for the UK in particular • Commissioned papers on all the main topics, with commentaries, collected in Dimensions of Tax Design. • Received submissions and held discussions with some tax experts. The Mirrlees Review • Two volumes: - ‘Dimensions of Tax Design’: published April 2010 - a set o f 1 3 ch apters on par ti cul ar ar eas by IF S researchers + international experts, along with expert commentaries (MRI) - ‘Tax by Design’: published Nov 2010 - an itintegra tdted p iticture o ftf tax d es ign and re form, written by the editors (MRII) – http://www.ifs.org.uk/mirrleesReview The Mirrlees Review Reforming the Tax System for the 21st Century Editorial Team Chairman: Sir James Mirrlees Tim Besleyy( (LSE, Bank of Eng land & IFS) Richard Blundell (IFS & UCL) Malcolm Gammie QC (One Essex Court & IFS) James Poterba (MIT & NBER) with: Stuart Adam (IFS) Steve Bond (Oxford & IFS) Robert Chote (IFS) Paul Johnson (IFS & Frontier) Gareth Myles (Exeter & IFS) Dimensions of Tax Design: commissioned -
Nber Working Paper Series the Idea of Antipoverty
NBER WORKING PAPER SERIES THE IDEA OF ANTIPOVERTY POLICY Martin Ravallion Working Paper 19210 http://www.nber.org/papers/w19210 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 July 2013 For comments the author thanks Robert Allen, Tony Atkinson, Pranab Bardhan, Francois Bourguignon, Denis Cogneau, Sam Fleischacker, Pedro Gete, Karla Hoff, Ravi Kanbur, Charles Kenny, Sylvie Lambert, Peter Lindert, Will Martin, Alice Mesnard, Branko Milanovic, Johan Mistiaen, Thomas Pogge, Gilles Postel-Vinay, John Rust, Agnar Sandmo, Amartya Sen, Dominique van de Walle and participants at presentations at the World Bank, the Midwest International Economic Development Conference at the University of Wisconsin Madison, the Paris School of Economics, the Canadian Economics Association and the 12th Nordic Conference on Development Economics. The paper’s title owes a debt to Gertrude Himmelfarb’s (1984), The Idea of Poverty: England in the Early Industrial Age. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2013 by Martin Ravallion. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. The Idea of Antipoverty Policy Martin Ravallion NBER Working Paper No. 19210 July 2013 JEL No. B1,B2,I38 ABSTRACT How did we come to think that eliminating poverty is a legitimate goal for public policy? What types of policies have emerged in the hope of attaining that goal? The last 200 years have witnessed a dramatic change in thinking about poverty. -
Bilan Scientifique Annexes
BILAN SCIENTIFIQUE ANNEXES 2007 2012 PARIS JOURDAN SCIENCES ECONOMIQUES – UMR8545 CNRS – ENS – EHESS – ECOLE DES PONTS PARIS TECH – INRA Bilan scientifique - Annexes UMR8545 | 2007 - 2012 Sommaire ANNEXE 1 : LISTES DES PUBLICATIONS ET DES PRODUCTIONS........................................................................ - 3 - Liste des publications .............................................................................................................................- 5 - PSE Working Papers............................................................................................................................- 41 - ANNEXE 2 : RAYONNEMENT ET ATTRACTIVITE ECONOMIQUES....................................................................... - 57 - Conférences EEP.................................................................................................................................- 61 - Colloques et workshops organisés ou co-organisés par un chercheur de PSE ..................................- 64 - Séminaires – Groupes de travail organisés par PSE...........................................................................- 71 - Invités à PSE (hors invités seminaires)..............................................................................................- 170 - Existence de collaborations suivies avec d’autres laboratoires .........................................................- 178 - Participation à des comités éditoriaux, à des comités scientifiques de colloques ou de congrès, à des instances d’expertise scientifique..............................................................................-