Word: economistsã
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...rare show of bipartisanship, the need for fundamental reform has united disparate factions of academia. In a 2005 paper entitled “Nonpartisan Social Security Reform Plan,” a trio of economists??including a former Bush economic advisor and a senior official in the Obama administration (Kennedy School Professor Jeff Liebman)—propose a plan to ensure the solvency of Social Security by increasing the retirement age, increasing the payroll tax cap, and, most importantly, offering personal retirement accounts that would allow workers to contribute into what is essentially a government-sponsored Individual...
Winthrop House alumni seem to have found their way into politics. Alumni include President John F. Kennedy '40, Senator Edward M. Kennedy '54, and U.S. Representative Barney Frank '61. Winthrop House has also produced two high-profile economists??both Federal Reserve Chairman Ben S. Bernanke '75 and former Secretary of the Treasury Robert E. Rubin '60 lived in Winthrop as upperclassmen...
...international financial regulatory body similar to the World Trade Organization, Ferguson said. He added that financial crises occur infrequently enough for regulators and investors to blissfully ignore the warning signs that can lead to very real economic pain. Arguing that economic systems reflect human nature, Ferguson said that economists?? over-reliance on mathematical models results in a failure to account for the fear, euphoria, and panic that often drive markets. Combining his expertise in history and economics, Ferguson traced the historical development of the modern financial system. “He bridges two disciplines in a way that...
With less than a week to go before the presidential election, politics is being conducted at a fevered pitch. But at a panel event yesterday, two Harvard economists??one from the political left and one from the right—instead focused on the common ground between the candidates, saying that the event was “not an occasion for political mud wrestling...
...open letter saying that Obama’s “proposals run a high risk of throwing the economy into a deep recession.” In a post on his blog, Mankiw said that the language of the letter—which was signed by five Harvard economists??“was a tad too hyperbolic for my tastes...