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Prof. Jonathan Gruber speaks with GBH’s Boston Public Radio hosts Jim Braude and Margery Eagan about the CARD Act and the Consumer Financial Protection Bureau. “There is a legitimate role for credit in our society for those who use it appropriately,” explains Gruber. “And you don’t want to shut that down… We need to really be rethinking how we do regulation in the U.S.”
MIT’s Artfinity Festival kicks off on Saturday, February 15th with a celebration of the new Edward and Joyce Linde Music Building and Thomas Tull Concert Hall featuring a free afternoon open house and evening concert, writes A.Z. Madonna for The Boston Globe. “What this building brings to us is support for performance of all different types of music, whether it’s classical or jazz or world music, and then the ability to support various functions with our students,” says Keeril Makan, associate dean of SHASS.
Prof. David Autor speaks with NPR Planet Money host Greg Rosalsky about his working paper exploring “what happened to American communities after China joined the World Trade Organization in 2001,” also known as the “China Shock." Autor and his colleagues found that while regions impacted by the China Shock did eventually recover, the people hurt by the China Shock did not. “The China Shock research suggests that classic, free market economic theory blinded many to the reality that free trade can destroy the livelihoods of many people and that they have a hard time adjusting," says Rosalsky.
Cambridge Day reporter Susan Saccoccia spotlights the new Edward and Joyce Linde Music Building, which opens to the public on Saturday, February 15th, with a celebratory concert called “Sonic Jubilance,” the start of a “monthslong festival of 80 events across the campus, free and open to the public.” Prof. Marcus Thompson notes: “The extent of art-making on the MIT campus is equal to that of a major city. It’s a miracle that it’s all right here, by people in science and technology who are absorbed in creating a new world and who also value the past, present and future of music and the arts.”
Prof. Daron Acemoglu speaks with New York Times reporter Jeff Sommer about the anticipated impact of future AI on various industries. “There is a lot of hype in the industry,” says Acemoglu. While some AI companies have “impressive achievements,” Acemoglu adds that many financial and economic calculations were being based on mere “projections into the future that are sometimes exaggerated.”
During a town hall-style discussion at the Museum of Science, Prof. David Kaiser explored the importance of scientific exploration in a democracy and its role in spurring on national progress, reports Brian Bergstein for The Boston Globe. “Science, which needs a lot of resources, has to be political,” says Kaiser. “We have to make the case in a persuasive way about why this kind of activity is worthy of support.”
Prof. Daron Acemoglu speaks with Bloomberg reporter Jeran Wittenstein about the implications of new AI advancements on areas such as productivity, the labor market and economic growth. “I hope I’m wrong, I hope we get some productivity growth. That would be really cool,” says Acemoglu. “But I don’t see it yet.”
In an article for The New York Times, Prof. Pranav Rajpurkar of Harvard and Prof. Eric J. Topol of Scripps highlight a recent study by MIT researchers that examined “how radiologists diagnose potential diseases from chest X-rays.” They write that the study’s findings “broadly indicate that right now, simply giving physicians A.I. tools and expecting automatic improvements doesn’t work. Physicians aren’t completely comfortable with A.I. and still doubt its utility, even if it could demonstrably improve patient care.”
In a letter to the editor of The Boston Globe, Lecturer Chloe Garcia Roberts spotlights the important role of books and literature in general in the greater Boston area’s culture and community. “If you throw a pebble in a crowd here, you are likely to hit a practicing, lauded, or aspiring writer,” writes Roberts. “A number of the area’s treasured bookstores survived, albeit shakily, the onslaught of the chains and Amazon. It is part of our culture here that many of us go out of our way, trudging through the wintry mix if necessary, to attend author events and buy books at these independent stores. When they go, they won’t be replaced.”
Writing for Le Monde, Prof. Arnaud Costinot and Prof. Andrés Rodríguez-Clare of UC Berkeley make the case against the U.S. implementing substantial tariffs on imports. “Retaining its dominance in high-tech sectors, regaining a foothold in new green sectors, and restoring prosperity to lagging regions, to name just a few, are critical goals for US economic policy in the years to come. A richer set of economic policies are needed, with tariffs playing at best an auxiliary role,” writes Costinot. “Pursuing a policy of raising tariffs would most likely lead to a new global trade war. Its consequences, unfortunately, are not hard to predict. It would mean less trade and, most importantly, less international cooperation on the big issues of the day: war, poverty, and climate change.”
Writing for The New York Times, Institute Prof. Daron Acemoglu makes the case for “a new liberalism that is more faithful to its original values but adapted to our times.” Acemoglu emphasizes that “a renewed liberalism must rediscover its most inspiring roots: an energy coming from opposition to the unfair and unrestrained use of power; a commitment to freedom of thought and celebration of different approaches to our common problems; and a concern for the community as well as the individual as the basis of efforts to improve the opportunities of the disadvantaged.”
In a letter to the editor of The Boston Globe, Vice President for Research Ian Waitz addresses the importance of research staff at the Institute, noting that “research universities educate through research.” Waitz emphasizes: “At MIT, there has been double-digit real growth in our on-campus research enterprise over the past 11 years along with growth in our graduate student body. With that come more people, and while these staff may not be directly involved in student classroom instruction, the research they conduct is crucial to the hands-on education that MIT students receive and to the real-world solutions that originate at the school.”
Prof. Jonathan Gruber speaks with Boston Globe reporter Camilo Fonseca about the housing and rental market in Massachusetts. “The big picture here is not whether rents go up a bit less than expected,” says Gruber. “It is that rents are generally unaffordable for so many families. The solution is simple: we need to build more affordable housing.”
Prof. Daron Acemoglu speaks with Financial Times reporter Rana Foroohar about the impact of automation on the labor market. “It’s likely that the short- to midterm gains from AI will be distributed unequally, and will benefit capital more than labor,” says Acemoglu.
Prof. Daron Acemoglu highlights the economic and societal implications of integrating automation in the workforce, reports Taylor Nicole Rogers for The Financial Times. “Acemoglu says that robots’ current capabilities mean that those most at risk of being displaced are in blue-collar jobs and lack college degrees, which may make it difficult for them to shift into the high-tech roles likely to be created by automation,” writes Rogers.