Economics

Prof. David Autor and his team of researchers found that junior patent attorneys who used AI for assistance showed no net improvement in their skills, reports Andy Mukherjee for Bloomberg. “When researchers subsequently tested everyone on an unassisted, offline task to gauge internalized judgment, the learning gains went entirely to senior lawyers,” writes Mukherjee. “Foundational expertise may be a prerequisite for extracting durable skill from AI-assisted practice,” the researchers noted.  

The U.S. News & World Report’s 2027 “Best Colleges Rankings” honors MIT as the No.1 national university, writes Elizabeth Mehler for Boston.com. “The rankings are based on up to 17 weighted measures of academic quality and success, including graduation and retention rates, social mobility for low-income students, post-graduate earnings, academic peer assessment, and faculty resources,” writes Mehler. 

7 News Boston spotlights MIT being named the No. 1 national university by U.S. News and World Report for its 2027 “Best College Rankings.” The ranking highlighted MIT’s “high enrollment of just over 4,500 students in 2025, its student faculty ratio of 8-1 and its 4-1 academic calendar.”  

The Boston Globe’s Chloe Craft highlights MIT being ranked No. 1 in the U.S. News & World Report’s 2027 “Best Colleges Rankings.” “Take a look at the rankings of U.S. News & World Report’s 2027 lists of the nation’s best universities and liberal arts colleges, released Tuesday, and you’ll find lots of schools from New England near the top of the charts,” writes Craft. “MIT, ranked No. 1 for the first time ever.” 

MIT has been named the No. 1 national university in U.S. News & World Report’s 2027 “Best Colleges Rankings,” writes Chloe Craft for The Boston Globe. MIT is proud to be “part of a strong network of excellent colleges and universities across the nation, dedicated to educating students and pursuing curiosity-driven research. America’s economic strength, scientific leadership, and national security depend on world-class education and research institutions.” 

In The Wall Street Journal’s “Economics Newsletter,” reporter Greg Ip highlights a study by Prof. David Autor that found that AI did not significantly improve the performance of the 133 patent lawyers who participated. “Among junior lawyers, the performance of some got better, others got worse, and on average they were the same. Among senior lawyers, the lowest performers improved, the best didn’t,” writes Ip. “The conclusion: Lawyers don’t acquire durable new skills with AI.” 

A new paper co-authored by Prof. Anna Stansbury examines how socioeconomic differences can impact first-generation college students after graduation, writes Noam Scheiber for The New York Times. Stansbury and her colleagues found that having a parent with a graduate degree reflected a “generalized socioeconomic advantage.” Growing up affluent often “helps you learn how to read between the lines in certain situations, because you’ve been in similar kinds of situations,” Stansbury explains. 

Prof. Kristin Forbes speaks to Associated Press reporter Christopher Rugaber about the continued impact of the Iran war on oil and gas prices in the U.S.. “I don't see any end to the war in Iran right now,” says Forbes. “Given what everyone has been through in the last few years of high inflation, consumers are more sensitive, companies are more sensitive, they raise prices faster ... The risks are much more on more persistent inflation than it falling quickly.”  

In his latest book, “Disposable Workers: The Transformation of Employment,” Prof. Emeritus Paul Osterman finds that 35% of the U.S. workforce is made up of disposable workers hired with the “implicit understanding that they won’t be around for long,” writes Fortune’s Nick Lichtenberg. Employers “do not invest in the great bulk of their workforce” in the way that they used to, says Osterman.  

Prof. Daron Acemoglu discusses the impact of AI models on jobs in an article by CNBC’s Trevor Laurence Jockims. “If AI continues to be developed as an automation technology, there will be more impacts. Right now, we don’t have many easy-to-use applications relevant for a large number of tasks/industries,” says Acemoglu. “Once these are developed, the labor market effects will be multiplied.”  

MIT researchers are leading a new project documenting what major AI systems say about elections in an effort to understand how the technology influences the democratic process, writes Tiffany Hsu for The New York Times. “AI is becoming part of the way people encounter and make sense of political information, and yet we know relatively little about what that information environment actually looks like, how it differs for different user demographics, political identities and geographies,” says Prof. Chara Podimata, a leader of the project.  

Sloan Senior Lecturer Jonathan Ruane joins Carmel Crimmins, host of Reuters’ “Econ World,” to discuss the future of quantum computing. “By 2035 I would not be surprised if you’re seeing some elements of the economy—whether that be firms within drug research for example, using, for certain applications, quantum computers as part of their overall process,” says Ruane.  

For The Next Big Idea Club, Prof. Paul Osterman outlines the pillars of his new book, “Disposable Workers: The Transformation of Employment.” “The rise of disposable work is allowing companies to gain flexibility and cut costs while shedding responsibility for their workers,” writes Osterman. “We need guardrails to keep that flexibility from coming at the expense of workers and the public.” 

Prof. Gary Gensler joins Bloomberg’s “Sustainability Currents and Votes and Verdicts” to discuss how the United States Securities and Exchange Commission (SEC) can manage investor protection, capital formation and fair, orderly and efficient markets. “I would say [to the SEC], make sure that the US treasury market is functioning really well,” says Gensler. “Move forward with the treasury market reforms that were bipartisan. Keep making sure that the equity market is efficient. Keep making sure that we’re the world’s leading equity market.” 

A study co-authored by Prof. Amy Finkelstein found that seniors are not only living longer, but also living relatively healthier lives for longer periods of time, writes Forbes’ Howard Gleckman. “As a result, while older adults still need personal care and other supports, they can put off this assistance for years,” notes Gleckman. “Or to put it another way, additional years in old age, even very old age, are on average healthy ones. They do not result in extra years of serious illness and care needs.”