Renewable energy proponents and advocates of the Keystone pipeline finally agree on something: that the right way to count “job creation” is to focus narrowly on the jobs in the industry they want to boost and ignore the overall impact on employment. Unfortunately, researchers who actually study employment are not … More >
Suppose that by enacting a particular law we’d increase the U.S.Gross Domestic Product. But almost all that growth would go to the richest 1 percent.
The rest of us could buy some products cheaper than before. But those gains would be offset by losses of jobs and wages.
This is pretty much … More >
The expression of confidence is intimately tied up with leadership. Would-be leaders are careful to present a confident face because it helps gain them credibility and convince others that they know what they are doing.
When George W. Bush faced John Kerry in their first Presidential debate in 2004, Bush criticized … More >
How would you like to live in an economy where robots do everything that can be predictably programmed in advance, and almost all profits go to the robots’ owners?
Meanwhile, human beings do the work that’s unpredictable – odd jobs, on-call projects, fetching and fixing, driving and delivering, tiny tasks needed … More >
I remind my students that I’m teaching them a methodology they can use the rest of their careers, not running an incubator.
Every once in awhile a team ignores my advice and builds a company worth hundreds of millions of dollars.
Hershey just bought Krave Jerky, a team in our 2011 Berkeley … More >
Today, it’s hard to imagine the world without the internet. PewResearch Internet Project reports that the internet is used by 87% of American adults, up from 14% in 1995. Apart from changing the way how people communicate, connect, or acquire information, the internet has also changed our shopping habits: with … More >
President Obama’s announcement that the Federal Housing Administration will lower the cost of its home loans by one-half of a percentage point (.50 basis points) should be very welcome news. Home loans will now be within reach for many more hard working and responsible families who have been left on … More >
By Yuriy Gorodnichenko, Associate Professor of Economics; Gerard Roland, Professor of Economics; and Edward W. Walker, Associate Adjunct Professor of Political Science
Since Russia’s annexation of Crimea, tensions between Russia and the West have not abated. Nonetheless, it has been striking how much support Putin still enjoys in Europe, from intellectuals … More >
Recently I was interviewed for an article published in California Magazine. It is a well-written article about the controversy surrounding genetically modified organisms (GMOs). I made my usual points: GMOs have actually done much good by reducing commodity prices, increasing yields, saving land and reducing greenhouse gas emissions, and improving … More >