Politics

Prof. Thomas Levenson talks to the Financial Times’ “The Story of Money” podcast hosts, Gillian Tett and Robin Wigglesworth, about his book, Money for Nothing: The South Sea Bubble and the Invention of Modern Capitalism and how the South Sea Bubble, the 1720 stock market crash surrounding the British South Sea Company, compares to the current political climate. “One of the things about the South Sea Bubble itself is it’s almost always told as a morality tale: look at what greed does for you. It drives you mad, it ruins nations,” says Levenson. 

Prof. Christopher Knittel speaks with Associated Press reporter Paul Wiseman about the economic impact of the U.S. conflict with Iran. “A week ago or certainly two weeks ago, I would have said: If the war stopped that day, the long-term implications would be pretty small,’’ says Knittel. “But what we’re seeing is infrastructure actually being destroyed, which means the ramifications of this war are going to be long-lived.’’

Senior Research Associate Jim Walsh speaks with WBUR Here & Now host Indira Lakshmanan about where things stand one month into the U.S. conflict with Iran. 

Prof. Catherine Wolfram speaks with Boston Globe reporter Joshua Miller about the impact of the conflict in Iran on oil and gas prices. “There’s something that economists call the rockets and feathers phenomenon: When oil prices go up, gasoline prices go up like a rocket,” explains Wolfram. “They kind of match. But then when oil prices come back down, gasoline prices float down like a feather. They don’t go down as fast.” 

Senior Research Associate Jim Walsh speaks with WBUR Here & Now host Indira Lakshmanan about the global impact of the United States’ conflict with Iran. 

Writing for Foreign Affairs, Prof. Caitlin Talmadge explores the state of the Strait of Hormuz amid the United States’ conflict with Iran. “In short, if Iran effectively mines the strait, all U.S. response options are suboptimal,” writes Talmadge. “The United States should therefore focus aggressively on preventing Iranian mine-laying in the first place and finding an off-ramp from the larger war. If it does not, Washington should expect that ongoing harassment of traffic in the strait will be but one of a number of responses that Iran has long prepared and will now deploy.”

Prof. Catherine Wolfram speaks with Politico reporter James Bikales about the price of oil and gasoline in the United States. “Economists talk about what’s called rockets and feathers — that gas prices go up like rockets when oil prices go up, but then if oil prices go back down … they go back down like feathers,” says Wolfram. “Especially if you’re coming into the period when [gas prices] tend to rise because of summer driving, they might just stay high, even if oil prices go back down.”

Postdoctoral Fellow Florian Galleri speaks with Associated Press reporter Sylvie Corbet about France’s move to align “its nuclear deterrent strategy more closely with European allies while keeping full control over any strike decision.” Galleri says “the strategic backing intended to integrate French nuclear deterrence into a collective European defense framework necessarily requires a degree of coordination and joint planning.” 

Senior Research Associate Jim Walsh speaks with WBUR Here & Now host Indria Lakshmanan about the U.S. military action in Iran. 

Prof. Daron Acemoglu speaks with Fortune reporter Jake Angelo about his work studying the “origins of economic and political decay,” and the need for the U.S. to crack down “on economic inequality and tempering with job destruction.” “If we go down this path of destroying jobs [and] creating more inequality, U.S. democracy is not going to survive,” says Acemoglu.  

Prof. Jim Walsh speaks with WBUR’s Here & Now host Tiziana Dearing about increased military presence in the Middle East and methods to de-escalate tensions. 

Nithya Raman MCP '08 has announced her decision to run for Los Angeles Mayor, reports Jill Cowan and Shawn Hubler for The New York Times. Raman “represents a district that encompasses a diverse array of neighborhoods, including some where immigrants live in dense apartments and some in the fast-growing San Fernando Valley, where wealthy Hollywood executives live in hillside bungalows,” they write. “That diversity, Ms. Raman has said, has given her unique insight into the needs of vastly different communities in the city of nearly four million.” 

Prof. Daron Acemoglu speaks with Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec about American politics. “In my mind, worryingly, there is a little bit of a theory which is that all of these actions are aimed at centralizing power in the hands of an executive presidency with fewer and weaker checks which come either from institutions or norms.” 

Writing for the Financial Times, Institute Prof. Daron Acemoglu explores the rise of New York City mayor-elect Zohran Mamdani and the future of U.S. democracy and liberalism. “I argue that nothing short of forging a new working-class liberalism can succeed,” writes Acemoglu. “This has to center on shared prosperity, a reintegration of the lower-education workers into politics, a commitment to local governance by all communities (within the bounds of protecting basic liberties) and true diversity of opinion (even on controversial matters).”

Prof. Jonathan Gruber speaks with Newsweek reporter Jasmine Laws about the impact of rising health insurance costs in California. "This is disastrous for both economic security and health,” says Gruber. “Studies have shown that losing insurance is associated with enormous economic risk and worse health, including death."