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Michael Spence

Politics-Proof Economies?

Michael Spence | Posted 05.19.2014 | World
Michael Spence

There is little correlation between a country's relative economic performance in several dimensions and how "functional" its government is. In fact, in the six years since the global financial crisis erupted, the U.S. has outperformed advanced countries in terms of growth, unemployment, productivity, and unit labor costs, despite a record-high level of political polarization at the national level.

Michael Spence: When Economies Go Through Big Changes, There Are 'A Lot Of Bumps In The Road'

The Huffington Post | Posted 01.24.2014 | Business

Michael Spence of the Berggruen Institute joined HuffPost Live at Davos on Friday to talk about the "unpredictable" nature of countries going through ...

George Soros: U.S. Already In Recession

The Huffington Post | Harry Bradford | Posted 11.22.2011 | Business

For months, people have been speculating about whether the U.S. economy will enter a double-dip recession. At least one billionaire says the debate is...

Paul Krugman: 50 Percent Chance Global Economy Will Enter Recession

The Huffington Post | Harry Bradford | Posted 11.09.2011 | Business

Even though Obama's jobs plan is "bolder and better" than Paul Krugman expected, the Nobel-Prize winning economist still told Bloomberg Television on ...

Nobel Prize-Winning Economist: 50 Percent Chance Of Global Recession

The Huffington Post | Harry Bradford | Posted 10.26.2011 | Business

Michael Spence, professor at New York University’s Stern School of Business and winner of the 2001 Nobel Prize in economics, told Bloomberg Televisi...

On Our Radar: What's New And Hot In Books

Posted 08.07.2011 | Books

Books come into our office by the truckload and as we open these precious packages, we want to point out those we think are interesting and some you m...

Dead Hand of Governent Impoverishes the Middle Class

Chriss Street | Posted 07.12.2011 | Politics
Chriss Street

Adam Smith, an 18th century economist, pioneered the concept of the "invisible hand" to describe how capitalism through self-interest, competition, and supply and demand, more effectively allocated resources than the "dead hand" of the state.

The Future of Macroeconomic Policy: Nine Tentative Conclusions

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

We've entered a brave new world in the wake of the crisis; a very different world in terms of policy making and we just have to accept it.

Rewriting the Macroeconomists' Playbook in the Wake of the Crisis

Olivier Blanchard | Posted 05.25.2011 | Business
Olivier Blanchard

Before the global economic crisis, mainstream macroeconomists had largely converged on a framework for the conduct of macroeconomic policy. It is now time to converge again.

Soros Battles Free Market Zealots With New Fund, Economic Journal: Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic ...