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@sanjaygreddy
Why Nobelists Fail
When I first encountered the ideas central to the winners of this year’s three Nobel Prize in Economics[1] around two and a half decades ago I was startled. The excessive economy of their framework for understanding a complex global reality combined with a set of premises that looked starkly ideological. Despite the time that has passed, the reams that have been written, and the imprimatur these…
The Crisis in the Universities (redux)
The Crisis in the Universities (redux)
The debate on financial stewardship of my institution, the New School, has erupted again, thanks to the strike by Part Time Faculty that is taking place there now, and the intransigent response of the University leadership. I have once again been involved in bringing greater transparency to the university finances. At short notice and at the request of UAW local 7902, which represents our Part…
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A Simple Strategy for Cheap, Quick and Relevant Tests to Combat Covid-19
A Simple Strategy for Cheap, Quick and Relevant Tests to Combat Covid-19
Testing has not been as effective as it could have been in controlling the global pandemic because it has been too inaccessible, too slow to give results, and too expensive. If tests had been universally accessible, quick and cheap, the pandemic could have been controlled more quickly, and disruption to society could have been minimized. Why do we not have such tests? The answer is that we may…
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The Crisis in the Universities: Is there an Alternative? The New School and Beyond.
The Crisis in the Universities: Is there an Alternative? The New School and Beyond.
My academic institution, like many others in the world, forecasts a severe financial crisis as a result of the response to COVID-19. It has, as a result, preemptively announced job furloughs and other severe measures, including pay cuts to faculty and staff. Many members of the community have, however, have perceived the institution as having become top heavy with highly paid administrators, and…
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On Performative Academic Anti-Racism
On Performative Academic Anti-Racism
In this moment of political clarity in the United States, when the burdens faced by people of African descent have been made — once again –shockingly clear, and the inability or unwillingness of the institutions of state and society to reform themselves have been strikingly underlined, there is a need for all “people of good will” to look within themselves and ask what they can do to make…
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On Economics: Interview with Social Sciences in China Press
On Economics: Interview with Social Sciences in China Press
Today, Social Sciences in China Press (http://www.csstoday.com/), an academic news and publishing agency affiliated to the Chinese Academy of Social Sciences (http://casseng.cssn.cn/), published an articlein Chinese on the state of the economics discipline, based in part on an interview with me. Below, in English, are the questions that were asked to me by journalist Wang Youran, and my responses…
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The Covid-19 crisis in India, the US, and the World (English Text of Interview with Telugu newspaper Eenadu)
Text of my responses sent on April 10th (in English) to questions by Telugu Newspaper Eenadu reporter Narasimha Reddy, leading to an interview published on April 16th. Much has changed already in the fast moving world of the Covid-19 crisis, but I put up these questions and responses in case of interest to readers in India or elsewhere (without any editing): (more…)
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Covid-19: Dynamics of the Global Crisis
The graduate students in economics of the New School for Social Research (our ‘Economics Student Union’, the existence of which is a delightful democratic feature of our department) have been organizing a series of discussions on the crisis unleashed by the Coronavirus. I spoke yesterday in the second discussion in the series. I presented an overview of the economics and the political economy of…
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Statistical Physics and the Social Sciences: Take Two
I hope that you are all well and braving the great confinement, although I fear not. I shall be writing more on that theme very soon. But life must go on:
Three years ago I began a dialogue with my colleagues at the New School and beyond on the role of statistical physics in the social sciences, and especially in economics (see previous blog post). A new paper, forthcoming in a special…
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The 'Nobel Prize' in Economics: Further Considerations and This Year's Award
The ‘Nobel Prize’ in Economics: Further Considerations and This Year’s Award
Some further thoughts in the aftermath of publication of my brief review essay on the recent book on the Nobel Prize in Economics by Offer and Söderberg, and in response to reactions from colleagues: (more…)
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'Nobel Prize' in Economics: Further Considerations and This Year's Award
‘Nobel Prize’ in Economics: Further Considerations and This Year’s Award
Some further thoughts in the aftermath of publication of my brief review essay on the recent book on the Nobel Prize in Economics y Offer and Söderberg, and in response to reactions from colleagues: (more…)
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Beyond the Aura: The Nobel Prize in Economics
Beyond the Aura: The Nobel Prize in Economics
A brief review essay on the Nobel Prize in Economics, centering on the recent book entitled The Nobel Factor by Offer and Söderberg was published today in Development and Change. The 2018 Nobel Prize in Economics was also announced today. It seems to be rather more business as usual. Download my essay on the Prize (in pdf form) here.
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The Nobel Prize in Economics: Beyond the Aura
The Nobel Prize in Economics: Beyond the Aura
My brief review essay on the Nobel Prize in Economics, centering on the recent book by Offer and Söderburg entitled The Nobel Factor, has been published today in Development and Change. The 2018 Nobel Prize in Economics was also announced today. It seems to be rather more business as usual. Download my essay on the Prize (in pdf form) here.
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The Nobel Prize in Economics: Beyond the Aura
The Nobel Prize in Economics: Beyond the Aura
My brief review essay on the Nobel Prize in Economics, centering on the recent book by Offner and Söderburg entitled The Nobel Factor, has been published today in Development and Change. The 2018 Nobel Prize in Economics was also announced today. It seems to be rather more business as usual. Find my essay on the Prize here.
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Who Gets What in the World?
Today I will be giving a ‘Special Lecture” on “Who Gets What in the World?” in honour of the 150th birth anniversary of P.C. Mahalanobis at the Indian Statistical Institute in Bangalore (announcement here) based on analyses from the Global Consumption and Income Project. All are welcome. The slides can be downloaded here.
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The BRICS and a Changing World
The BRICS and a Changing World
This summer, I led an international group of experts in preparing a Report on the role of the BRICS countries (Brazil, China, India, Russia and South Africa) in the world economy and international development. The Report was commissioned as an input to the Summit of BRICS countries that took place early this month in Xiamen, China. (more…)
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Statistical Physics and the Social Sciences: What Potential Contribution?
Statistical Physics and the Social Sciences: What Potential Contribution?
In recent years there has developed a branch of economics which seeks to apply statistical physics approaches to understanding economic problems. Some years ago, my colleague at the New School, Anwar Shaikh, introduced me to the pioneering work in this area that seeks to understand income distributions, for example by the physicist Y M Yakovenko. This expanding literature helps to explain,…
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