I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

On college campuses today, the reigning principle behind most academic matters is to avoid meddling in the affairs of others. Beyond very broad curricular requirements, we are meant to allow experts ...

There is an old joke in economics about two economists walking together down the sidewalk. One of them stops the other and says, “Look! There’s a $100 bill lying there on the ground!” As he stoops to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Profit motive is the desire to achieve financial gain that is behind the drive for profits ...

Economics is in many ways a novel subject, only gaining momentum in the past 100 years, and only more recently has modern economic theory begun to be developed. On the subject of sustainability, we ...

The Ph.D. program in Managerial Economics & Strategy (MECS), a program offered jointly by the Departments of Managerial Economics & Decision Sciences (MEDS) and Strategy, emphasizes the use of ...

Over the last two decades or so, quantitative researchers—particularly economists—have wrestled the attention of education policymakers away from teachers and education professionals. Drawing on the ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. David Kindness is a Certified Public ...

Vol. 48, No. 2, SYMPOSIUM: Two Centuries of Economic Growth: Latin America at its Bicentennial Celebration (NOVEMBER 2011), pp. 181-198 (18 pages) Using modern growth theory, we estimate Colombian ...

Economic nationalism is not a real economic theory that explains how markets function in a global economy. It is instead a set of political arguments aimed at blaming foreigners for America’s problems ...

When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors—like years of experience in the role, industry of employment, ...