After years of mismanagement and looting, Ukraine faces a number of economic challenges. The situation is so critical that weak economic performance in the next few years could undermine the very independence of the country. Just yesterday, President Poroshenko signed a degree setting up the National Council for Reforms to … More >
Over at Equitable Growth: The extremely wise Robert Skidelsky has an excellent rant against Anglo-Saxon economics departments:
Robert Skidesky: Knocking the scientific halo off mainstream economists’ teaching and research: “The growing discontent of economics students…
…with the university curriculum…. Students at the University of Manchester advocated an approach ‘that begins with economic … More >
As part of his nationwide book tour, French economist Thomas Piketty stopped on campus and in San Francisco last week to speak to overflowing lecture halls. The lecture I attended in San Francisco quickly filled to capacity, and the enthusiasm in the audience was palpable. Piketty’s new book, Capital in … More >
Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.
Meanwhile, over the same thirty-year time span the median American worker has seen … More >
New Ways to Learn Entrepreneurship
Posted by Ikhlaq Sidhu, April 22nd, 2014
You may already be aware that the Berkeley Method of Entrepreneurship (BMofE, see link on our CET website - https://cet.berkeley.edu/curriculum/) is a unique teaching model for developing the entrepreneurial mindset, in addition to teaching tactics and providing infrastructure for the new venture … More >
By Annette Bernhardt and Ken Jacobs
Judging by the past three months, 2014 is on track to become the year of local minimum wage laws. Campaigns are under way in Richmond, Berkeley and Oakland to join San Francisco and San Jose in setting a minimum wage higher than state law. These … More >
Earlier this month, I had the pleasure of participating in the second Chinese Environmental Economics workshop in Shanghai. Professor Jinhua Zhao of Michigan State and Shanghai University, one of the best PhD students I have ever advised, organized the workshop in Shanghai.
The conference facilities were modern and impressive and most … More >
Last week’s massive spill of the toxic chemical MCHM into West Virginia’s Elk River illustrates another benefit to the business class of high unemployment, economic insecurity, and a safety-net shot through with holes. Not only are employees eager to accept whatever job they can get. They are also also unwilling … More >
At the heart of the recent hard-ball negotiations between Boeing and the International Association of Machinists (IAM) is a troubling paradox: A company scores record profits and demands tough concessions from its workers.
Something is clearly wrong with this picture. While earning more and paying less may fatten the bottom line … More >