History
-
European Ruling Highlights Apple's Corrupted Business Model
Aug 31, 2016
There is much for U.S. authorities to learn from the European example of forcing corporations to pay their fair share of taxes, but more far-reaching oversight of executives’ allocation of resources is also required
-
Working Paper Series
The Mismeasure of Mammon: Uses and Abuses of Executive Pay Data
Aug 2016
Report to the Institute for New Economic Thinking on the statistical measurement and policy implications of the compensation of the highest- paid U.S. corporate executives
-
The link between health spending and life expectancy: The US is an outlier
Aug 18, 2016
The US stands out as an outlier: the US spends far more on health than any other country, yet the life expectancy of the American population is not longer but actually shorter than in other countries that spend far less.
-
There Isn’t Really a ‘Mainstream’ at All
Aug 11, 2016
There is a mix of common-sense opinions, political prejudices, conventional business practice, and pragmatic rules of thumb, supported in an ad hoc, opportunistic way by bits and pieces of economic theory.
-
Working Paper Series
Political Lending
Aug 2016
Using a unique dataset provided by the Center for Responsive Politics (CRP), we document a direct channel through which financial institutions contribute to the net worth of members of the U.S. Congress, particularly those sitting on the finance committees in the Senate and the House of Representatives.
-
The strange fate of economists' interest in collective decision-making
Aug 9, 2016
How economists turned to the study of collective decision-making after World War II, faced many impossibilities, and lost interest after solving them
-
Stark New Evidence on How Money Shapes America’s Elections
Aug 8, 2016
Oversights of two generations of social scientists have weakened democracy.
-
Financialization and its Discontents
Aug 2, 2016
Focusing on what money really is – whether gold or state fiat – shifts attention away from what credit really is, which is to say away from the center of discontent.
-
Working Paper Series
How Money Drives US Congressional Elections
Aug 2016
Social scientists have stubbornly held that money and election outcomes are at most weakly linked. New research provides clear evidence to the contrary.
-
Why Does Economics Reject New Thinking?
Jul 29, 2016
On George Akerlof’s “The Market for Lemons”
-
Was the Financial Crisis Anticipated? Evidence from Insider Trading in Banks
Jul 21, 2016
Evidence from Insider Trading in Banks
-
Modern Monopolies
Jul 21, 2016
With the power of modern computing being harnessed into increasingly small and portable devices, what do digital platforms mean for the entrenched global economy?
-
German Worries: Fear Fosters Crisis
Jul 20, 2016
Inflation, the euro crisis – for years there has been one worry hype after another. Yet fear frequently turns out to be wrong. We need a committee of wise men in charge of dealing with the real risks.
-
Working Paper Series
Latent Instrumental Variables: A Critical Review
Jul 2016
This paper considers the estimation problem in linear regression when endogeneity is present, that is, when explanatory variables are correlated with the random error, and also addresses the question of a priori testing for potential endogeneity.
-
What’s the Problem With Protectionism?
Jul 19, 2016
One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader.