Word: economisters
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...scientific merit in exploring these possibilities as a thought experiment conducted in private or as a controlled scientific study, the remarks at Friday’s conference fit neither of these models, despite the exclusive character of the gathering. Summers may have been invited to speak as an economist, but he cannot divorce himself from his role as the president of Harvard University. In this capacity his remarks bring political weight to bear and can have serious repercussions. In addition to the inflammatory nature of the speculations, his comments dismiss the role that prejudice plays in employment practices, a very...
...something cracked on Monday when the Boston Globe reported that Summers, the economist, suggested last week that there may be “innate differences” between the scientific aptitude of men and women...
...utility bills have increased by 150%. The state must really hate its defenders to taunt them like this." The cutbacks triggered protests all across Russia, and a rare volley of criticism aimed directly at President Putin. "With this legislation, Putin has delegitimized his office," says Mikhail Delyagin, an economist and director of the Institute of Modernization. "He's created the threat of a major state crisis and the disintegration of Russia." That may be hyperbolic, but such open opposition to the government is extremely rare in Putin's Russia - and the Kremlin is still jittery after Ukraine's orange revolution...
...accounts. At the other end of the Street, the bond market could turn thumbs down on the grounds that trillions in new government borrowing would hurt the economy, raise interest rates and make the dollar suffer. But both assumptions may be overblown, financial experts say. Though University of Chicago economist Austan Goolsbee has estimated that the financial-services industry could reap $940 billion in fees over the next 75 years from private accounts--real money, even by Wall Street standards--some firms say the accounts look more like a headache than a bonanza. "Wall Street is at best ambivalent...
...economics textbook (after Paul Samuelson's Economics); in New York City. In some 20 books, he brought to life the ideas of such thinkers as Adam Smith, Karl Marx and John Maynard Keynes, emphasizing that economics needed to be examined in a global context. "I'm really not an economist," he said. "I bring an economic point of view to social and political problems...