Economists necessarily lack evidence about alternative institutional arrangements that are distant from our current reality. The challenge is to remain true to empiricism without crowding out the imagination needed to envisage the inclusive and freedom-enhancing institutions of the future.
CAMBRIDGE – Responding to pressures from within and without, the economics profession is gradually changing for the better. Not surprisingly, the populist backlash sweeping advanced democracies in recent years has produced some soul searching in the discipline. After all, the austerity, free-trade deals, financial liberalization, and labor market deregulation that caused it rested on the ideas of economists.
In case you are keeping track:
Spain Names Economics, Trade Expert as New Foreign Minister | Voice of America - English
MADRID - Arancha Gonzalez Laya, a lawyer with a track record in international relations, economics and trade, will be Spain's new foreign minister, the country's new coalition government said Friday.
Gonzalez Laya, currently a U.N. Assistant Secretary General and Executive Director of the International Trade Centre, is the latest minister to be named to the new government of Socialist leader Pedro Sanchez.
The Economy Is Expanding. Why Are Economists So Glum? - The New York Times
SAN DIEGO — The mood among economic forecasters gathered for their annual meeting last weekend was dark. They warned one another about President Trump's trade war, about government budget deficits and, repeatedly, about the inability of central banks to fully combat another recession should one sweep the globe anytime soon.
Among the thousands of economists gathered for the profession's annual meeting, there was little celebration of Mr. Trump's economic policies , even though unemployment is at a 50-year low, wages are rising and the economy is experiencing its longest expansion on record.
Bloomberg - Are you a robot?
While you're here, how about this:
A Year After a #MeToo Reckoning, Economists Still Grapple With It - The New York Times
Many economists celebrated those developments as a sign of progress after a year of revelations — in front-page stories and surveys of the group's members — about sexism, racism and harassment in the discipline.
But others stressed the need for even more aggressive action to address those issues, particularly racial discrimination. And the group's leaders said they would need years of sustained effort to begin to erode the structural barriers that have held back women and nonwhite men in the field.
China's economy to maintain steady growth in 2020 despite headwinds: economists - Xinhua |
Aerial photo taken on Oct. 16, 2019 shows the Yangshan Deep Water Port of east China's Shanghai. (Xinhua/Ding Ting)
"The very strong consumption from households, the growth of disposable income and consumption, I think, will continue to be a very important driver of China's economic growth," said Nicholas Lardy, senior fellow at the Peterson Institute for International Economics.
NEW YORK, Jan. 10 (Xinhua) -- China is capable of maintaining steady economic growth in the year to come and beyond, buoyed by multiple driving forces, despite mounting downward pressure, economists have said.
The Economist explains - What is at stake in the Taiwan election?
TAIWAN'S VOTERS go to the polls on January 11th to elect their president and parliament (called the Legislative Yuan). If opinion surveys are any guide, the current president, Tsai Ing-wen of the Democratic Progressive Party (DPP), which supports eventual independence, will beat Han Kuo-yu of the Kuomintang (KMT), which advocates closer ties with China. That would rule out any near-term prospect of a thaw in relations across the Taiwan Strait.
Both Ms Tsai and her main rival, Mr Han, have rejected the idea of one country, two systems. But Mr Han shares China's view that the two sides already have an understanding that there is only one China, even if they disagree about what that means—an accord often called the "1992 consensus". Ms Tsai insists there was no such agreement.
70% of Americans say U.S. economic system unfairly favors the powerful | Pew Research Center
The notion that the U.S. economy is "rigged" to benefit the wealthy and special interests was a major rallying cry in the 2016 presidential election and is already resurfacing in the 2020 race .
This message is likely to resonate with many Americans. Seven-in-ten U.S. adults say the economic system in their country unfairly favors powerful interests, compared with less than a third who say the system is generally fair to most Americans. Wide majorities of Americans also say politicians, large corporations and people who are wealthy have too much power and influence in today's economy.
Happening on Twitter
😍 The changing face of @JoeMarler who makes his 200th appearance on Friday night. #COYQ https://t.co/rfUcA8dGIJ Harlequins (from The Stoop, Twickenham) Thu Jan 09 13:29:58 +0000 2020
Addressing the Speakers at the Special Plenary Session on the theme 'Inclusive Parliaments: The Role of the Speaker… https://t.co/T9y5gyBYMC ombirlakota (from Kota, India) Thu Jan 09 22:20:46 +0000 2020
🔥💻 Are you the badass we're looking for? 💻🔥 We're hiring for a few exciting new roles! 💥 Social Media Associate 💥… https://t.co/H9Jr70yxRK lesbiantech (from Everywhere) Wed Jan 08 21:55:56 +0000 2020
The resilience of food production in the face of a changing climate will depend on both traditional ecological know… https://t.co/rxdT7U0Pnm CivilEats (from USA) Fri Jan 10 13:44:01 +0000 2020
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