Word: economisters
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True to the economist in him, Ferguson finds fault with the way Oxford and Cambridge allocate their most precious academic resource—their professors. Ferguson says that undergraduate history students, with their diverse backgrounds and interests, can be taught in a large class instead of in a small, Oxford-style tutorial...
Glaeser “is the heir to Becker in that he has applied economics to explain all manner of human behavior,” Dartmouth Economist Bruce I. Sacerdote wrote in an e-mail yesterday...
...remarkable ability to think deeply and quickly,” Harvard economist David I. Laibson ’88 wrote in an e-mail yesterday. “He has spectacular intuitions and an uncanny ability to identify the key forces at work in economic systems...
...that a sharp economic contraction in China, such as the one the mainland experienced in the early 1990s, would cause severe withdrawal pangs in economies such as Japan and Taiwan, and could even plunge them into recession. But that fate would not be shared evenly or universally throughout Asia, economists note. Despite the euphoria about China as the Next Big Thing, many observers are quick to downplay the notion that Asia is as dependent on China (yet) as the conventional wisdom held even a few months ago. The mainland is still not nearly as key to the region...
...That level of easing does not pose a threat to the global recovery, says Val Koromzay, an economist with the Organization for Economic Cooperation and Development in Paris. The worst-case scenario, he says, is the simultaneous occurrence of higher oil prices, higher U.S. interest rates, lagging growth in Europe-plus a hard landing in China. "If you put all of these things together, that would be a cocktail that could be hard to absorb," he says, quickly adding that he sees it as a "low-probability event." But by itself, China "is not No. 1 on the list...