Word: feldstein
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Economics professor Martin S. Feldstein ’61 might have been passed over for Chairman of the Federal Reserve in 2005, but five undergraduates on Tuesday won first place in the national Federal Reserve Challenge Competition—the first time that Harvard has ever made it to the finals, let alone taken the top prize. The Harvard Fed Challenge Team beat out the SUNY Geneseo team, who came in second, and the three-time returning champions from Northwestern University, who finished third. The Harvard team—who won the competition by arguing for their decision to hold...
...hour of immigrant assimilation gave way to the fight for minorities and civil rights," explains Pasamonik. Harvey Kurtzman used the medium to tackle racial segregation, the Cold War and McCarthyism in his satirical MAD magazine. In 1955, when popular awareness of the Holocaust was scant, Bernard Krigstein and Al Feldstein caused a shock by revisiting the concentration camps with the seminal graphic story Master Race. During the '60s and '70s the genre opened up to the banal and biographical, with Pekar and Crumb's darkly humorous American Splendor and Eisner's landmark graphic novel, A Contract with...
Harvard professor Martin Feldstein used to tell students in his introductory economics class that economists agree on 99% of the issues in the field. From the nature of monopolies to the basic laws of inflation, Feldstein asserted, economists of all political stripes are in accord on the same principles. He claimed that what we read about in the popular press are the 1% of economic issues where the data support no clear-cut conclusion...
...pretty sure Feldstein was exaggerating the 99-1 split in economics, but I have often thought that education research shows precisely the opposite ratio of agreement to disagreement. Education experts seem to concur on almost nothing. Research in the field is so politicized and contradictory that you can find almost any study to support your view. If economics is a 99-1 science, education is a 1-99 circus. (See pictures of a public boarding school...
...push the economy back on track. But others say the Fed should not bail out a small segment of investors for their “greed and stupidity.” Harvard instructors including Warburg Professor of Economics Robert J. Barro and Baker Professor of Economics Martin S. Feldstein ’61 said they support a lower interest rate, even though such action can push up inflation. “The most important thing [the Fed] does is respond to major financial crises,” Barro said, “Inflation is OK right now, and the economy...