Word: economisters
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Harvard may shut down its Center for International Development (CID) after economist Kenneth S. Rogoff leaves his position as director of the center July...
Rogoff, who was the chief economist at the International Monetary Fund from 2001 to 2003, will continue to serve as Cabot professor of public policy...
...economic fires after he lowered interest rates to zero. But Fukui has boldly set out a series of unorthodox monetary-easing programs designed to counteract the country's crippling six-year bout of deflation, flooding the nation with cash. "Fukui has been activist and interventionist," says Shuji Shirota, an economist at the Dresdner Kleinwort Wasserstein investment bank in Tokyo. Fukui's efforts are having an impact: consumer-price deflation slowed to 0.3% last year, compared with...
Development schemes for Third World countries rarely benefit the poor, largely because aid is too often squandered by corrupt bureaucracies. That makes fresher, commonsense visions like those of Peruvian economist Hernando de Soto all the more welcome. De Soto has spent years looking deep inside the underground economies where poor people--who make up two-thirds of the world's population--eke out a living. He figures the value of their extralegal property, from cinder-block squatter homes to black-market street-vendor sales, at almost $10 billion. De Soto insists that bringing the poor and their assets into...
What's an ambitious economist to do if he has already counseled countries from Bolivia to Poland through rough financial times, advised the Pope on globalization and helped launch a global fund to fight AIDS, TB and malaria? For Jeffrey Sachs, 49, the logical next act is to help save the entire planet from what he warns could be an "environmental catastrophe" caused by climate change and the destruction of wildlife. In 2002, Sachs abruptly ended a 22-year Harvard career to head Columbia University's Earth Institute, which has 19 research divisions. He has also become a top adviser...