Times Higher Education reporter Nicola Ingram examines Prof. Peter Temin’s latest book, which examines the state of the U.S. economic system. Temin, “provides an engaging commentary on the complexities of policy developments and their impact on workers’ conditions, as well as the problematic voting behaviour that seals their fate.”
In an article for Bloomberg, Peter Coy examines Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee’s latest book, which examines how smart machines might be integrated into the businesses of the future. Coy explains that the book is written for, “executives and entrepreneurs trying to make their way in this brave new world of driverless cars and hackathons.”
Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee speak with Tom Ashbrook of On Point about their new book, “Machine, Platform, Crowd.” Speaking about how much decision-making machines could be handling in the future, Brynjolfsson explains that “instead of having us humans try to tell the machines exactly what needs to be done, machines are learning on their own.”
Tom Buerkle of Reuters writes about “Adaptive Markets: Financial Evolution at the Speed of Thought,” a new book written by Prof. Andrew Lo, which argues that it is possible for investors to beat the market. Markets seem unpredictable because traders are human and “make decisions using short cuts” rather than weighing all options, explains Buerkle.
In a wide-ranging interview recorded for Bloomberg’s “Masters in Business” podcast, Prof. Daron Acemoglu speaks with Bloomberg View columnist Barry Ritholtz about a wide range of topics including his doctoral thesis, economic institutions and income inequality.
In an article for The New York Times, Prof. Jonathan Gruber writes that proposed cuts to Medicaid will impact a large number of Americans, as the program provides financial resources for elderly and disabled adults. “Nearly two-thirds of [Medicaid] spending is focused on older and disabled adults — primarily through spending on long-term care services such as nursing homes.”
MIT was named the top university in the world for the sixth consecutive year in the QS World University Rankings, reports Kyle Scott Clauss for Boston Magazine.
In this Bloomberg video, MIT professor Jonathan Gruber discusses the discrimination in health insurance that increases costs for sick consumers. “For the very healthiest people premiums have gone up a lot, and that’s because they were essentially benefiting from discrimination and they no longer get to,” explains Prof. Gruber.
A new analysis by MIT researchers shows that immigrants are a vital part of the Boston area’s economy, writes Katie Johnston for The Boston Globe. “It’s very hard to imagine our economy succeeding without immigration,” says Prof. Paul Osterman. “The economy would be strengthened if immigration increased from its present level.”
A study by Prof. Tanveet Suri shows that a mobile-money service called M-Pesa had a long-term impact on poverty in Kenya, writes Tina Rosenberg for The New York Times. The researchers found that M-Pesa “helped women graduate from subsistence agriculture to small business, perhaps because having an M-Pesa account gives a woman her own money…and a greater sense of agency.”
Prof. Abhijit Banerjee and Prof. Vipin Narang were highlighted as part of Open Magazine’s list featuring some of the leading thinkers on India. Banerjee was spotlighted for his research on alleviating poverty in India, and Narang for his work examining India’s nuclear doctrine.
The New York Times' David Leonhardt writes about a study by Prof. Amy Finkelstein showing that as health care premiums rise, low-income families increasingly forgo insurance and use emergency care. Leonhardt explains that emergency care, “tends to be expensive, raising costs for other patients, and it’s often not as good as preventive care.”
In an article for The Atlantic, Gillian B. White writes about Prof. Peter Temin’s new book, “The Vanishing Middle Class: Prejudice and Power in a Dual Economy.” White writes that in his book Temin argues that “following decades of growing inequality, America is now left with what is more or less a two-class system.”
Prof. Andrew Lo speaks with Barry Ritholtz of Bloomberg View about the field of economics. Lo explains that his new book chronicles his “intellectual journey from a diehard devotee of efficient markets and rational expectations into the realm of first psychology and behavioral finance, and then to neuroscience and how people really make decisions.”
In this CBS News Sunday Morning segment, Prof. David Autor speaks with David Pogue about the impact of automation on employment. Autor notes that while in the “last 200 years, we’ve had an incredible amount of automation…this has not in net reduced the amount of employment.”