Word: economisters
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...Superday invitations forces the typical applicant to cast as broad a net as possible when applying. The challenge employers then face is selecting among those genuinely interested in the position and those merely hedging their bets through precautionary recruiting. In the language of George Akerlof, the Nobel Prize-winning economist who described the used-car market as having buyers and sellers with different amounts of information about the transaction to be made, the recruiting market is ridden with “adverse selection.” In the Harvard case, it is not hidden car qualities, but rather uncertain applicant...
...find out, a Harvard economist named Roland Fryer Jr. did something education researchers almost never do: he ran a randomized experiment in hundreds of classrooms in multiple cities. He used mostly private money to pay 18,000 kids a total of $6.3 million and brought in a team of researchers to help him analyze the effects. He got death threats, but he carried on. The results, which he shared exclusively with TIME, represent the largest study of financial incentives in the classroom - and one of the more rigorous studies ever on anything in education policy. (See Roland Fryer...
...conflict between the serfs and the aristocracy. Abhisit struck back on local TV: "Thailand no longer has [such] social classes. People are equal under the constitution, although they have unequal opportunities." But the underclass isn't convinced. "The poor work hard and contribute to society," says Pasuk Phongpaichit, an economist at Chulalongkorn University in Bangkok, "but they are waiting for a crowded bus while the rich drive by in their air-conditioned limos...
...Still, as much class resentment as the reds have harnessed, it's not clear how Thailand will move forward from a seemingly never-ending cycle of red and yellow protest. "It's a deadlocked situation," says Sompop Manarungsan, another Chulalongkorn economist. Plenty of Thais are fed up with both political factions and just want a government that isn't constantly stuck in crisis mode. Abhisit has offered dialogue with the red shirts' leaders, but no amount of talking over the past four years has resulted in any political conciliation. Equally distressing for Thais, King Bhumibol Adulyadej, often considered an arbiter...
...Saif is Libya's future, then he might just trigger a transformation every bit as far-reaching as his father's socialist coup. Already a Saif-created National Economic Development Board, run by U.S.-trained economist Mahmoud Gebril, is at work overhauling Libya's regulatory system. Saif has also proposed a new penal code, which would entail drafting a constitution for Libya, a move regarded for years by Muammar Gaddafi as unrevolutionary. "There must be an independent judiciary, and protection of the rights of people," Gebril says, pointing to postapartheid South Africa as a model. That would be a sharp...