New Economic Thinking
New Economic Thinking
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Bumpy Roads & Better Government
Ed Glaeser, a @harvard economist specializing in cities and infrastructure, emphasizes the importance of everyday infrastructure, such as road quality, in improving the daily lives of millions. Using vertical acceleration data from Uber rides, he quantifies the costs of bumpy roads, revealing significant disparities in infrastructure quality across different neighborhoods. Glaeser argues that enhancing basic services and focusing on better governance can lead to substantial improvements in public welfare, moving beyond the debate of bigger versus smaller government to more effective governance.​​
Learn more about his work: scholar.harvard.edu/glaeser/home
Переглядів: 1 365

Відео

The Evolving Dynamics of Global Dollar Funding
Переглядів 2 тис.День тому
Elham Saeidinezhad (@barnardcollege) discusses the complex world of global dollar funding, revealing how non-banks and synthetic instruments are reshaping financial landscapes. Learn more at: elhamsaeidinezhad.com/
Re-Animating Economics
Переглядів 130 тис.14 днів тому
Economics can do better, and the change starts with you. Explore the series... before it's too late! ua-cam.com/play/PLmtuEaMvhDZZWpG0TlWwklST0OhZfBPqk.html INET Animates is our award-winning series in which top thinkers share their insights and opinions on issues they believe all people should understand. Created by Nick Alpha Produced by Matthew Kulvicki
Rekindling the Spirit of Innovation
Переглядів 1,1 тис.21 день тому
What happened to the excitement of creativity and innovation? Edmund Phelps, Nobel Prize winner and esteemed economist, reflects on the diminishing sense of creativity and discovery that once thrived from the late 19th century to the 1970s. He discusses how contemporary American society, preoccupied with financial comparisons and material success, has strayed from the exhilarating pursuit of in...
Unequal Cities: Overcoming Anti-Urban Bias to Reduce Inequality in the United States
Переглядів 2,9 тис.Місяць тому
Are cities being held back? Rick McGahey (@thenewschool) explores the deep-rooted inequalities in American cities and the systemic challenges that perpetuate them, from racial disparities to economic divisions. More about the book: cup.columbia.edu/book/unequal-cities/9780231173346 Cities are central to prosperity: they are hubs of innovation and growth. However, the economic vitality of wealth...
Can You Trust the Experts?
Переглядів 2,6 тис.Місяць тому
Sandra Peart (@UniversityofRichmond) examines the complex relationship between experts and policy-making, advocating for transparency, competition, and ethical guidelines to ensure informed and unbiased decisions. Learn more about her work at jepson.richmond.edu/faculty/bios/speart/
The Medicare Maze [Eileen Appelbaum]
Переглядів 117 тис.Місяць тому
Your health shouldn't be someone else's wealth. Eileen Appelbaum takes a critical look at Medicare Advantage, exposing how it falls short of its cost-saving and quality-enhancing promises, burdening taxpayers and compromising patient care. Learn more about her work at www.cepr.net/staff-member/eileen-appelbaum/
Hysteresis and the Economy
Переглядів 4 тис.Місяць тому
Mark Setterfield delves into the concept of hysteresis to explore whether temporary economic shocks like the COVID-19 recession have lasting effects on the economy. Setterfield, Professor of Economics at the New School for Social Research, explores how such temporary events can have enduring effects on economic outcomes, distinguishing between temporary and extreme effects and their potential t...
The Hidden Traps in Auto Loans
Переглядів 2,6 тис.2 місяці тому
Many auto loans are designed to fail. Thomas Herndon investigates the dark side of consumer finance, that prioritizes profit over people.
Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy
Переглядів 4,7 тис.2 місяці тому
Teresa Ghilarducci (@thenewschool) critically examines the trend of extending work life and its impact on retirement security. In her new book "Work, Retire, Repeat: The Uncertainty of Retirement in the New Economy" she challenges the notion that working longer is a universal solution to pension shortfalls, highlighting its negative consequences on older workers, particularly in physically dema...
Sanctions: To Russia with Love
Переглядів 161 тис.2 місяці тому
James Galbraith challenges common perceptions about western sanctions and their impact on Russia, revealing unexpected outcomes for its economy and development. Contrary to the goals of defunding the war and degrading Russia's military capacity, sanctions have led to economic adjustments that have fostered Russia's independent development. Galbraith points out that despite initial disruptions, ...
Navigating Economic Crises
Переглядів 4 тис.2 місяці тому
Claudia Sahm delves into the lessons from past recessions and the critical role of automatic stabilizers in economic recovery. Discover her insights on striking the right fiscal balance, and ensuring swift, politics-free economic relief. Learn more: www.brookings.edu/wp-content/uploads/2019/05/ES_THP_Sahm_web_20190506.pdf About Claudia Sahm: claudiasahm.com/
Empowering Communities
Переглядів 2,6 тис.3 місяці тому
Jo-Anne Rolle, Dean of the School of Business at Medgar Evers College, emphasizes the critical role of entrepreneurship and technology in revitalizing local economies and addressing societal issues. With a rich background in economics and a passion for equity, Rolle advocates for creating economic engines within communities to generate jobs and wealth. Highlighting the importance of listening a...
The Baby Formula [Darrick Hamilton]
Переглядів 196 тис.3 місяці тому
A fair start for every child? Let's make it reality. Darrick Hamilton explains how #BabyBonds are more than policy, they're an investment in human potential. By challenging traditional views on governmental support, we can create a society rooted in equal economic rights and opportunities. Learn more at racepowerpolicy.org/baby-bonds/ Produced by Matthew Kulvicki & Nick Alpha
A Paradigm Shift Towards Ecological Restoration
Переглядів 4,2 тис.3 місяці тому
"We need to figure out new ways to relate to the earth." Ann Davis (@Marist) shares her approach to economics, in which ecological principles take center stage to reshape our relationship with the planet. Davis challenges traditional economic frameworks, advocating for a paradigm shift that acknowledges the ecological impacts of economic activities. She critiques mainstream economics for its sh...
Can Crypto Be Socially Valuable?
Переглядів 3 тис.3 місяці тому
Can Crypto Be Socially Valuable?
Busting the Bankers' Club: Finance for the Rest of Us
Переглядів 6 тис.4 місяці тому
Busting the Bankers' Club: Finance for the Rest of Us
How Stock Buybacks Fuel the Racial Wealth Gap
Переглядів 3,5 тис.4 місяці тому
How Stock Buybacks Fuel the Racial Wealth Gap
Barbara Bergman: Pioneering Feminist Economist & Advocate for Economic Diversity
Переглядів 2,5 тис.4 місяці тому
Barbara Bergman: Pioneering Feminist Economist & Advocate for Economic Diversity
The Ghost Budget: Paying for America's Post 9/11 Wars
Переглядів 4,2 тис.5 місяців тому
The Ghost Budget: Paying for America's Post 9/11 Wars
The Economics of Abundance
Переглядів 6 тис.5 місяців тому
The Economics of Abundance
An Immigrant Economist Explores the Land of Inequality
Переглядів 3,3 тис.5 місяців тому
An Immigrant Economist Explores the Land of Inequality
Quantifying Sexual Harassment
Переглядів 1,7 тис.5 місяців тому
Quantifying Sexual Harassment
Sympathy for Homo Economicus
Переглядів 107 тис.5 місяців тому
Sympathy for Homo Economicus
Visions of Inequality
Переглядів 4,4 тис.6 місяців тому
Visions of Inequality
Intersectional Political Economy
Переглядів 3,4 тис.6 місяців тому
Intersectional Political Economy
One Earth, One Family, One Future
Переглядів 1,1 тис.6 місяців тому
One Earth, One Family, One Future
India’s Leadership and Global Challenges of Climate and Finance
Переглядів 1,5 тис.6 місяців тому
India’s Leadership and Global Challenges of Climate and Finance
Sellers Inflation [Isabella Weber]
Переглядів 199 тис.7 місяців тому
Sellers Inflation [Isabella Weber]
A Plan to Fix a Fractured World
Переглядів 2,4 тис.7 місяців тому
A Plan to Fix a Fractured World

КОМЕНТАРІ

  • @momcilopucar8749
    @momcilopucar8749 16 годин тому

    🎉Who given right to US to behave like Mafia?? Who is US who overthrown 2014 Ukranian legally elected government then soon as US taken control of Ukraine government it starts to kill Russian who lives in Ukranian who are majority. When Russian invaded February 2022 Ukrainian new Nazis US installed government had already killed over 14 thouseds Russian. If Russia didn't intervene Ukrainian Nazis would be killing Russian continuosly up to present days. Somehow all that US meddling murdering, overthrowing Ukranian government has been ignored/forgotten by Western mass media. US Propaganda focus only on Russian invasion. No Western media questions US over throwing Ukrainian government as Never Existed and Ukraine is just another supposedly sovereign country That obviously US not overthrown 2014. It doesn't take Rocket scientist to understand that except if you're not informed of actual facts. Then you should not bother or do anything sbout it. If US didn't overthrown Ukranian government Ukrainian war would Never happened. End of speculations and all that nonsense of Western anti Russian Propaganda.👎😝😖🦧😲US wouldn't be US if US doesn't interfere in foreign countries internal affairs around the world. That's exactly what US is doing since its inception. US had since 1778 have 469 military intervention around the globe. Including invasions of China and Russia too. Those facts doesn't exists in school history books of America. How that sounds to all those who believes and loves so much of SUPOSEDLY democratic America??😲🦧😖😝

  • @EmilyMedvec
    @EmilyMedvec 17 годин тому

    Our Current FED Chair, 1997 to 2005, Powell was a partner at The Carlyle Group. Why not ask your Senator or Representative how much $$$ they have invested in the PE political economy?

  • @ramongabutina8015
    @ramongabutina8015 День тому

    As Sachs narrates it, US did have lapses in Afghanistan, Middle EAst & South America, among others, acting singly usually, & was in the forefront in its actions.Its current behaviors however seems to have changed 1. ) it, not singly now + like-minded nations like Japan,India, Australia,France,Sweden, Netherlands,Australia,NATO,EU & expressed mostly world countries' support, are militarily reacting to China's unprecedented grab of international waters of South China Sea including old UNCLOS-covered parts of EEZs of Phils,Indonesia, Vietmam, Malaysia & Brunei 2.) It + NATO are reacting to Russia's invasion of Ukrainne w its excuse of threat of NATO ( mainly western influence rather than military) expansion from NATO memberships asked by prior failed Soviet Union member nations 3.) It plus military support of even Arab country like Jordan + non-committal stance of Saudi Arabia,Egypt, Kuwait & Qatar which had in their lands had undesirable experiences from then refugee Palistinians, are reacting against Iran-backed HAMAS' mass attack on civilians inside Israel which created the war.

  • @TheSchnipp
    @TheSchnipp 2 дні тому

    Can someone give this book to Christian Lindner?

  • @mikespindler7250
    @mikespindler7250 2 дні тому

    funny stuff parroted by a self absorbed goof

  • @freeman4899
    @freeman4899 3 дні тому

    The besst sanction that can west impose to Russia is , Russian can't inhale oxygen and exhale carbon di oxide , even it may not work. Anyway , i am against war in Ukraine but west imposed this war. West is equally war criminal.

  • @amnrob101
    @amnrob101 3 дні тому

    The core of this problem is lack of financial literacy in our education system. We need to educate our young people now so that they can make better financial decisions later.

  • @ftornik100
    @ftornik100 3 дні тому

    What a gathering of pro-russian political trolls, like flies to "honey" and giving each other supportive buzzing. Feels and smells the same way.

  • @muadh2650
    @muadh2650 3 дні тому

    The fed is in it for the ride just like the rest of us. You can pretty much bet against anything these days, as long as banks/ casinos make their buck regulators will stay at bay. This game will continue until Uncle Sam loses his favorite toy then we can go back to building real products.

  • @derekasomani4838
    @derekasomani4838 3 дні тому

    Solid lecture

  • @garymcdonald1990
    @garymcdonald1990 4 дні тому

    👍

  • @pldevries
    @pldevries 4 дні тому

    You've got to be joking. Bumpy roads int the US has to be the least important economic issue that INET has ever covered. Once poverty, unemployment, underemployment and economic exploitation and a zillion other more pressing problems have been solved, we should perhaps have a brief economic discussion about bumpy roads. What drivel!! Anything to distract and deflect from important issues.

  • @ScottSolomon-zd1pb
    @ScottSolomon-zd1pb 4 дні тому

    Ed and maybe two of his PhD advisees find what he's saying intelligent. He sounds like he's preparing for a management consultant interview.

  • @ScottSolomon-zd1pb
    @ScottSolomon-zd1pb 4 дні тому

    Is 8.1MM children dying of poverty every year (just a part of the annual Poverty Super-Holocaust) a "bumpy road"?

  • @themandalore9
    @themandalore9 5 днів тому

    got it. Will avoid black neighborhoods

  • @tommylang1896
    @tommylang1896 5 днів тому

    Yoo guys come and have a look, the new trailer for humanity just dropped!

  • @digitalventure306
    @digitalventure306 5 днів тому

    ua-cam.com/video/rl90LynJ_Js/v-deo.htmlsi=pBQH51qLgZnFBFHg

  • @charlesmorschauser5258
    @charlesmorschauser5258 6 днів тому

    Corruption has prevented any action on saving our selves don't say we weren't warned

  • @GabeSyme
    @GabeSyme 6 днів тому

    A book which explores this concept further is Giorgos Kallis's "Limits: Why Malthus was wrong and why environmentalists should care"

  • @emmanuelameyaw9735
    @emmanuelameyaw9735 6 днів тому

    Lower and middle class folks want more taxes on their income?

  • @BryanHalda
    @BryanHalda 7 днів тому

    There is so much wrong with the protectionist argument it's like a mosquito in a nudist colony. Not sure where to begin.

  • @trollconfiavel
    @trollconfiavel 7 днів тому

    The idea of a "free" market is a contradiction in and of itself. The competitive dynamics of a market create a tendency for accumulation of market share and consequently control of prices and the production of goods, meaning less "freedom" for others to participate and join the market. This tendency of centralization can only be fought by external "players" with enough power to control how resources are allocated for the production of society. This is what governments do, or at least should. The only possibility to have freedom in market dynamics is by eliminating the motive of profit and substituting it for the motive of supply, and as such change would destroy the structuration of the market, the freedom and the market cannot coexist.

  • @dirwanedy8919
    @dirwanedy8919 8 днів тому

    18000 sanction, such idiot when follow usa order.

  • @robm9113
    @robm9113 8 днів тому

    It sounds great to buy up all the surplus unemployed just like they used to buy up the surplus wool and store it in warehouses. But the unemployed are not like wool, and you can't store them in warehouses and deploy them at an opportune future time. And how is Prof. Mitchell's scheme different to the recent 'work for the dole' scheme, which did not have the wonderful results Prof. Mitchell claimed it should've had? I imagine it must be great to make a living creating wonderful hypotheses and theories that need not have any connection to reality. Just ask Prof. Stephanie Kelton.

  • @OlafScholz-dj2mn
    @OlafScholz-dj2mn 8 днів тому

    Sanctions imposed against foreign NATO companies helped other countries enter the Russian market and partially replace goods from foreign manufacturers, and also opened the way for Russian manufacturers.

  • @justjackman
    @justjackman 8 днів тому

    ua-cam.com/video/5WT4KjwraGE/v-deo.htmlsi=W0gPCCCGYWMs1BYy Infinite government spending doesn’t stack up with reality

  • @ratumelimatanatoto2488
    @ratumelimatanatoto2488 8 днів тому

    Sanctions started in 2014 and not in 2022. 8 long years to implement self sufficiency policies.

  • @johnmaisonneuve9057
    @johnmaisonneuve9057 9 днів тому

    Thank god we have these podcast interviews. None of these critical ideas we can get in the main stream corporate media.

  • @SivoTV
    @SivoTV 9 днів тому

    Awesome...

  • @Cotswolds1913
    @Cotswolds1913 9 днів тому

    Well we are now 10 years later and the Japanese economy is smaller than when this interview took place. Can we dispense with these nonsense ideas that the way to save an economy is to pump a bunch of cheap money into it??

  • @franciscomarino2757
    @franciscomarino2757 10 днів тому

    fucking based robot

  • @jennyhirschowitz1999
    @jennyhirschowitz1999 10 днів тому

    China is taking care of its own people as no other country has ever done.

  • @jennyhirschowitz1999
    @jennyhirschowitz1999 10 днів тому

    There is nothing about the US that is worth emulating, exceptiions for jazz, then the literature of subjugation, and then material rubbish excess, ….. worst health system, lousy education, mass media propaganda, wholesale corruption…….. Trump is a red herring .

  • @2ash94
    @2ash94 10 днів тому

    Dude he is so fucking wrong. If the government employs a ton of people who sit on desks the whole day, that doesn't increase the country's production, and just creates inflation. Moreover, if you ignore the country's budget and also print a ton of money, that also creates inflation. Sure, countries that have reserve currencies can get away with this more becuase other countries want to buy your currency, but you playing around with your country's reputation and image. Look at the inflation in the US, and you will see. One of the core principles of economics is that we live in a finite world.

  • @abracadabra868
    @abracadabra868 10 днів тому

    The assumption of the “Unseen Hand,” that like a deus ex machina guides the free market toward upleveling the prospects of the entire society is rooted in the underlying notion of a beneficent God governing human affairs. It’s a fiction, as is the idea that “socialism” is ungodly, therefore bad.

  • @user-iz6ev6iq3e
    @user-iz6ev6iq3e 10 днів тому

    Did i just listen to 20 minutes of someone describing why the circumvention of finacial regulatory structures, while being incredibly volatile and risky for everyone is ultimately novel, good and necessary?

    • @lindahill9903
      @lindahill9903 5 днів тому

      yep. You too can buy credit-bubble dollars at rort prices. This kind of New Economic Thinking we DON"T need. After bail-outs by taxpayers and austerity policies slashing social programmes across US, UK and EU, with only minimum regulation of retail banking, the financial sector is back to high-stakes financial gambling, including this new financial area: FX. To ensure the next crash is truly global. It's probably servicing the asset managers and their private equity investors (fewer publicly listed, publicly reporting corporations) that are buying up property and businesses around the world and reselling within a few years for the capital gains.

    • @camiloquintero1590
      @camiloquintero1590 4 дні тому

      I understood more so that according to her the FX institutional providers of dollar funding, as alternatives to commercial banks, are providing a valuable service, however their mechanism is very opaque and difficult to regulate, and she specifically mentions how it can be a ticking time bomb.

  • @erisu69
    @erisu69 11 днів тому

    Gary Stevenson spotted at 9:09

  • @dittohead7425
    @dittohead7425 11 днів тому

    Gee, now they are making there own chips, cars and other goods...I still smile when I remember Trump at the un saying that europe will regret being dependent on Russian gas and oil, then showing the German delegation laughing....who's laughing now. We just basically applied the sanctions to our factories.

  • @fernandogirard9702
    @fernandogirard9702 12 днів тому

    It seems there are 'oligarchs' only in Russia. Funny. Sure, in 'occident' they are emtrepreneurs, which sounds beautiful.

  • @BMC-hl2uh
    @BMC-hl2uh 12 днів тому

    #mmt

  • @w1-em4nq
    @w1-em4nq 13 днів тому

    lol, this feels like a burn on all current pop solutions.

  • @azalia423
    @azalia423 13 днів тому

    Private Equity firms ransacking America, are using the same model as Israel devastating the Palestinians.

  • @azalia423
    @azalia423 14 днів тому

    We certainly see horrific hysteresis effects being caused by Private Equity.

  • @azalia423
    @azalia423 14 днів тому

    Pensions and other retirement plans are being destroyed by Private Equity firms.

  • @azalia423
    @azalia423 14 днів тому

    The main destabilers currently are runaway Private Equity firms ransacking America. Beware, these are supported by lobbies that have bought off our politicians..

  • @user-ev9to4xx2o
    @user-ev9to4xx2o 14 днів тому

    What.is.the.job of a ecconomic.consultant.as..compaired.to.just.an econimic😊

  • @jerome_mgozama
    @jerome_mgozama 14 днів тому

    Simple stuff. Anything that starts with "Monetary" = lying by smart looking university dude that gets paid by some gov org

  • @Aethertopia369
    @Aethertopia369 14 днів тому

    So he was like a puppet, unable to act on his own.

  • @alangsyotaako8611
    @alangsyotaako8611 14 днів тому

    He should get a Nobel Peace Prize if a War between China and US.

  • @gregdvorkin
    @gregdvorkin 14 днів тому

    Regarding exports restrictions. Russians more than once had to introduce export bans. The recent one is the ban for sugar export. Why? The demand for for the Russian good is so high on international markets it causes internal prices to grow. Bans also imposed on manufactured goods, equipment, chemicals, etc. Right of wrong but this is the evidence that there is still demand for the Russian products around the world, no sanctions can affect that.