Prof. Jonathan Gruber speaks with New York Times reporter David Leonhardt about the importance of the U.S. Senate passing a new bill that will increase funding for research and development, and establish a program aimed at making American innovation more geographically diverse. “We are too big a nation to have all of our innovation concentrated on the coasts,” Gruber said.
Writing for The Guardian, Profs. Abhijit Banerjee and Esther Duflo underscore the importance of a worldwide Covid-19 vaccination campaign. “Vaccinating the world will be crucial if countries are going to act together to confront the climate crisis,” they write, “which will require many of the same things as delivering vaccines: resources, innovation, ingenuity and a true partnership between rich and developing countries.”
A new study co-authored by Professor Scott Stern finds that stimulus measures enacted during the pandemic may have contributed to a surge in start-ups in America, particularly in Black neighborhoods, reports Quoctrung Bui for The New York Times. “The idea that the pandemic has kind of restarted America’s start-up engine is a real thing,” says Stern. “Sometimes you need to turn off the car in order to turn it back on.”
In a letter to the Financial Times, graduate student Daniel Aronoff explores the effectiveness Israeli Prime Minister Benjamin Netanyahu’s regional policies. “If Israel severely cripples Hamas and Fatah emerges the winner of that contest, it will be an improvement from the standpoint of Israeli security, since Fatah is not committed to the goal of destroying Israel,” writes Aronoff.
Forbes contributor Peter Greene spotlights a new study co-authored by MIT researchers that examines the long-term effects of universal preschool in Boston. The researchers found, “preschool reduced the likelihood that a student would get in trouble in high school or ever be jailed. And preschool increased the likelihood that students would graduate from high school and that they would go on to attend college.”
Writing for The New York Times, Prof. Amy Finkelstein makes the case that cash transfers can do more to help the poor than expanding health insurance. “Cash helps recipients directly, while health insurance would pay mainly for care that many uninsured people were already receiving at low or no cost,” writes Finkelstein.
Prof. Esther Duflo speaks with Francesca Donner of The New York Times about her views on G.D.P., financial incentives, and how to encourage women to pursue careers in economics. “One of the mistakes made by economists in general was to agree collectively that G.D.P., and perhaps the stock market, is how we acknowledge success in a country,” says Duflo. “G.D.P. measures the value added in a country, but life is so much more than that.”
A study co-authored by MIT researchers examining the short and long-term effects of Boston’s universal public preschool program finds that pre-K has a substantial impact on student behavior, reports David Leonhardt for The New York Times. “Preschool attendees were less likely to be suspended in high school and less likely to be sentenced to juvenile incarceration,” writes Leonhardt. He adds that pre-K seems to “improve children’s social and emotional skills and help them mature more than it helps in a narrow academic sense.”
Writing for The New York Times, Profs. Abhijit Banerjee and Esther Duflo underscore the importance of helping other countries avoid a repeat of the coronavirus surge India is facing. “The world needs to look beyond India and avoid yet another mistake of timing,” they write. “We cannot afford to repeat the experience of the first wave, when we didn’t realize just how quickly a virus can travel. Neither should nations be lulled into a sense of false security by the progress of vaccination campaigns in the United States and Europe.”
Bloomberg reporter Benjamin Bain writes that Prof. Gary Gensler has been confirmed as the new head of the Securities and Exchange Commission. Bain writes that Gensler is “poised to confront everything from the fallout of the GameStop Corp. trading frenzy to the deluge of special purpose acquisition companies and the collapse of Archegos Capital Management.”
Prof. Gary Gensler has been approved to lead the Securities and Exchange Commission, reports Marcy Gordon for the AP. The appointment signals “an emphasis on investor protection for the Wall Street watchdog agency after a deregulatory stretch during the Trump administration,” writes Gordon.
On The Interchange podcast, Prof. Jessika Trancik discusses her research exploring the cost declines in lithium-ion batteries and what it will take to reach mass-market adoption of electric vehicles.
In a letter to the Financial Times, graduate student Daniel Aronoff writes that “the US may avoid inflation, but it cannot escape the consequences of increased government spending, for good or ill.”
Prof. Nancy Rose speaks with Mary Suiter of the Women in Economics podcast about what led her to study economics, her time working at the U.S. Department of Justice, and why teaching and mentoring are so important to her. “A couple of extraordinarily influential teachers are the reason I’m an economist today, and so part of it is just trying to pass on my enthusiasm for economics and my appreciation for what it’s enabled me to do to students,” says Rose.
A new study by Prof. Jeffrey Harris finds that the extensive research invested in developing a vaccine for HIV has contributed to the successful development of Covid-19 vaccines, writes Derek Thompson for The Atlantic. Nearly 90 percent of COVID-19 vaccines that made it to clinical trials used technology that “could be traced back to prototypes tested in HIV vaccine trials,” Harris found.