In general, it is a bad idea to have
academic economists in regulatory positions, because they do not understand what they are doing, but merely follow their ideology.
Not exact matches
But then again, the father of classical economics, Adam Smith, wasn't an «
economist» (as «economics» wasn't a distinct
academic field
in his times) but a professor of moral philosophy at Glasgow University.
The
academic research, summarized earlier this week
in The
Economist, takes a deep dive into that dark side.
A rift has emerged
in the Canadian economic community, with Bay Street
economists calling for fiscal stimulus from the federal government while
academic economists are openly hostile to the idea.
And it's simply this: For instance, if you look back 50 or 80 years ago, you could say that
economists,
academic economists, Nobel Prize winning level
economists, were among the most brilliant people we had
in this country.
The chief negotiator
in aid talks with international creditors, Euclid Tsakalotos, a soft - spoken
academic economist, was appointed finance minister.
«We have all this evidence that the
academic benefits are limited to high - needs kids,» says education expert David Johnson, an
economist at Wilfrid Laurier University
in Waterloo, Ont.
If you're an
economist with a background
in academic and policy research — which Kevin Hassett is — then becoming chair of the Council of Economic Advisers is pretty much a dream job.
Dec 14, 2015:
In a November poll of academic and business economists surveyed by The Wall Street Journal, 92 % said they expected the Federal Reserve to raise interest rates in December, the first such hike in more than nine year
In a November poll of
academic and business
economists surveyed by The Wall Street Journal, 92 % said they expected the Federal Reserve to raise interest rates
in December, the first such hike in more than nine year
in December, the first such hike
in more than nine year
in more than nine years.
Let's be clear about this corporo - fuedal world we live
in: the CEOs are the kings and queens, the board are the nobility, and
economists and other business school
academics are their knights errant, imbued with the holy quest of maintaining power for their corporate masters.
This is probably why until very recently brilliant
economists like Hyman Minsky, Irving Fisher and even Marriner Eccles were far more likely to be read by thoughtful investors than by
academic economists (I myself was introduced to Minsky
in the early 1990s by Bob Kowitt, and well - known institutional investor with a great bookshelf
in his office).
It may be unfair to single him out, but I have become familiar with his work mainly because several of my investment and
academic friends
in Australia seem to delight
in sending me his articles and making witty comments about how
economists can take data that confounds their forecasts and use it to confirm their analysis.
Dr. Piwowar's first tenure at the SEC was
in the Office of Economic Analysis (now called the Division of Economic and Risk Analysis) as a visiting
academic scholar on leave from Iowa State University and as a senior financial
economist.
Buffett says
academics, regulators and some market practitioners prize the formula — named after the
economists Fischer Black and Myron Scholes, who popularized its use it
in a 1973 paper — for its capacity to estimate a precise value for an option over a long span.
The survey by the NABE, a professional association for business
economists,
academics and others who use economics
in the workplace, was released Monday.
But if the choice was being made by the central bankers and
academic economists who attended a closely - watched conference
in Jackson Hole, Wyo. over the weekend, there would be another name very much
in the mix — and quite possibly the front - runner.
There's no hope of escaping a lot of economic analysis and personal impressions
in the weekly commentary of someone who's an
academic economist by training.
Since we are bombarded daily by the mass media with news and views on the economy and economic policies, it is necessary to be trained to demythologize the claimed orthodoxies of
economists,
academics, policy makers and media programmes, as is accepted
in the case of the stories of the scared scriptures.
I am constrained to make this final intervention on the impact of multiple and hugely divergent foreign exchange rates as well as unclear, unarticulated and confusing economic policy on foreign direct investment
in response to our «
academic»
economist's long treatise of May 18, 2017
in this newspaper.
Most importantly our
academic economist's whole hypothesis is founded on an easily verifiable falsehood - NLNG was incorporated
in May 1989 and the dual exchange rate system only happened between 1995 and 1998.
Incidentally Businessday featured
in its edition of May 18, (the same day the
academic economist's treatise was printed) a report that «Senegal raises $ 1.1 bn Eurobond at lower cost than Nigeria's $ 1.5 bn».
Put simply my statement which the
academic economist found objectionable was that multiple and wildly divergent foreign exchange rates and unclear economic policy were a deterrent to foreign direct investment
in 2016, which he disputed contending that
in spite of those conditions, Nigeria could still «attract» significant foreign direct investment
in support of which he offered two illustrations - a purported 1994 investment
in Nigeria LNG when he claims a dual exchange rate system existed and the recent Eurobond fund raising.
Again most analysts and
academics know that if anyone wanted to demonstrate the strange hypothesis that multiple and widely divergent exchange rates do not affect foreign investment, he could cite the evidence of more recent years, but that obviously not being consistent with the facts, our
economist then went over two decades back to 1994 to cite an exception, a single investment
in an environment of otherwise grossly low investment,
in a sector where people invest even
in times of war, to justify a faulty hypothesis!
The
academic research enterprise has long functioned as a pyramid scheme based on cheap workers, notes labor market
economist Paula Stephan
in her magisterial book, How Economics Shapes Science.
The group, which now has more than 100 members (including Hatzikirou), was officially launched
in June 2016 after an initial meeting of seven Greek researchers and
academics, including scientists as well as legal scholars,
economists, and strategic communication specialists.
Through decisions made haphazardly 60 years ago, «we chose as a country to staff our labs primarily with graduate students and postdocs and a few non-tenured staff people, while other countries have permanent ways of staffing their labs,» often with PhD staff scientists
in career positions, says Georgia State University
economist Paula Stephan, an authority on the
academic labor force.
According to researchers Dr. Edith Sand, an
economist at the Bank of Israel and an instructor at TAU's Berglas School of Economics, and Prof. Victor Lavy, a professor at Hebrew University and University of Warwick
in England, the classroom teacher's unwitting prejudice is a key factor explaining the divergence of boys» and girls»
academic preferences.
In a comparison of American, Dutch, Israeli, and Russian students headed by economist Jan Magnus of Tilburg University in the Netherlands, Americans proved the least tolerant of academic dishonesty and Russians were the most toleran
In a comparison of American, Dutch, Israeli, and Russian students headed by
economist Jan Magnus of Tilburg University
in the Netherlands, Americans proved the least tolerant of academic dishonesty and Russians were the most toleran
in the Netherlands, Americans proved the least tolerant of
academic dishonesty and Russians were the most tolerant.
A 2014 paper by Princeton
economist Janet Currie and other researchers found such treatment was actually associated with a decrease
in academic performance, a deterioration
in relationship with parents and an increased likelihood of depression.
This effect was empirically proven
in academic economists [28] and
in a large sample of biomedical researchers (
in a survey assessing their adherence to Mertonian norms [47]-RRB-, and may help to explain the lower frequency with which misconduct is admitted
in self - reports: researchers might be overindulgent with their behaviour and overzealous
in judging their colleagues.
United Kingdom About Blog The
Academic Health
Economists» Blog exists to provide an on - line presence for the discussion of issues and developments
in health economics.
«David is one of the top young education
economists in the country — his work has earned high praise
in academic circles and helped to shape national debates on education policy.
Recent work by
economists and other
academic researchers — some of it presented at a recent symposium at Columbia University («The Social Costs of Inadequate Education»)-- concluded that such investments have large payoffs
in raising national income and tax revenues and reducing the cost of public services.
So even as Stanford
economist Caroline Hoxby reports solid gains by charter pupils
in New York City, Ohio's school - rating system for
academic year 2008 - 9 showed that just 16 % of Buckeye charter pupils were
in schools rated «excellent» or «effective,» while 55 % of them attended schools on «
academic watch» or
in «
academic emergency.»
In fact, economists Zvi Eckstein and Kenneth Wolpin show that, among white males who entered 9th grade in the early 1980s, those who failed to graduate from high school had lower academic skills and were less motivated for schoolwork than those who did graduat
In fact,
economists Zvi Eckstein and Kenneth Wolpin show that, among white males who entered 9th grade
in the early 1980s, those who failed to graduate from high school had lower academic skills and were less motivated for schoolwork than those who did graduat
in the early 1980s, those who failed to graduate from high school had lower
academic skills and were less motivated for schoolwork than those who did graduate.
«The Coleman Report pushed family and community to the forefront
in shaping
academic success,» said David Figlio, an
economist and director of the Institute for Policy Research at Northwestern University
in Evanston, Illinois.
However, research by
economists Stephen Cameron and James Heckman suggests that the real problem may be that poor children simply don't do as well
in school, a somewhat discouraging conclusion since sending families bigger checks to help with college is arguably easier than improving
academic achievement
in elementary and secondary schools.
Although Gaetz's bill does not include fiscal expenditures, as noted
in the main text (§ IV, supra),
in reviewing the start time /
academic achievement studies undertaken by fellow
economists, Columbia University Assistant Professor of Finance and Economics Jonah Rockoff and the Walter H. Annenberg Professor of Education Policy, Professor of Economics, and Professor of Education at the University of Michigan, Brian Jacob, concluded that delaying middle and high school start times «from roughly 8 a.m. to 9 a.m. -LSB-,]» will increase
academic achievement by 0.175 standard deviations on average, with effects for disadvantaged students roughly twice as large as advantaged students, at little or no cost to schools; i.e., a 9 to 1 benefits to costs ratio when utilizing single - tier busing, the most expensive transportation method available.
Recalling testimony from Harvard
economist Raj Chetty, he told the court that if as few as 3 percent of California teachers were ineffective, the
academic impact on their students would be the equivalent of $ 11.6 billion
in lost lifetime earnings.
Stanford University
economist Eric Hanushek, a fellow at the libertarian Hoover Institute, has been making this argument for three decades
in academic papers, op - eds and courtrooms, where he is often called to testify
in defense of unequal school funding schemes
in which rich towns receive disproportionate state aid compared with their high - poverty peers.
The underlying assumption, note
economists Jacob Vigdor and Jens Ludwig, is that segregation «affects both the motivation of the students and their perception of the larger opportunity structure they face
in society and their exposure to high - quality school resources or even the
academic climate
in the school.»
Being
in a small class,
economists Alan Krueger and Diane Schanzenbach found, made a noticeable difference
in a student's
academic performance: Math and reading scores improved, and more students took college - entrance exams, signaling at least an interest
in continuing their education beyond high school.
A peer - reviewed study of
academic gains
in New Orleans, conducted by Tulane
economists and glossed over
in the Times piece, compared the performance of New Orleans students with that of other hurricane - affected students, concluding that «we are not aware of any other districts that have made such large gains
in such a short period of time.»
With my expert knowledge as an
Economist, I have helped several students who struggle for time
in preparing their research paper, assignments, dissertations and other
academic documents.
EMH is believed
in by almost all
academics — whether finance professors or
economists and probably by most mutual fund managers — almost all of whom sign off on what is called MCT.
I only did one pass at the data (please ask
academic economists what they do),
in this case, it showed that after adjusting for sectors and general economics (time), the states one was
in did not matter much, as those that did well did not move to seek lower tax environs.
@MarcHochstein Reinforces my view that
academic economists r more frequently wrong than those working
in business.
The Wall Street Journal Prime Rate forecast and history is widely used by
academics,
economists and investors across various countries
in the world.
In recent years, the irrelevance of open market operations has also been argued (for slightly different reasons) by academic economists renown for their work in the theory of «rational expectations», including Thomas Sargent and John Mut
In recent years, the irrelevance of open market operations has also been argued (for slightly different reasons) by
academic economists renown for their work
in the theory of «rational expectations», including Thomas Sargent and John Mut
in the theory of «rational expectations», including Thomas Sargent and John Muth.
I know, there are still Efficient Markets Hypothesis zealots
in the
academic community, but they are being outflanked by the behavioral
economists who have hard data to support their theories.