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Washington University in St. Louis News & Information > University Groups > Arts & Sciences >
Economics
Department of Economics offers expertise in the study of wealth and poverty, unemployment and the evolution of living standards over time. Governments rise and fall on the economic performance of their national economies. Economists offer insight on controversial public policy questions, such as environmental regulation, government restrictions on domestic and international markets, structure of the legal system and design of tax policy. Microeconomics analyzes trade-offs that individuals, firms, and governments confront because of limited resources. It considers the social context in which choices are made and implications for human welfare. Macroeconomics explores causes of economic growth, recessions, inflation, monetary policy, international trade and financial market performance.
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Prize draws attention to new economic theory; criticism from traditionalists
Douglass North speaks out on 2009 Nobel Prize in economics
Oct. 21,
2009 -- "A lot of people were horrified that it was the first time a political scientist got the prize," says Douglass C. North in a video interview on the 2009 Nobel prize in economics.
North, a 1993 recipient of the prestigious award, defends this year's winners, Elinor Ostrom and Oliver Williamson, as pioneers in the New Institutional Economics that uses an interdisciplinary approach to research. Traditional economists who favor formal mathematical model-based theory are critical of the institutional approach and Nobel recognition of the social sciences versus pure economics.
North talks about this year's winners, their work and New Institutional Economics in accompanying video.
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What spooks the stock market in October?
Ripening pumpkins, sunspots and scratching dogs may be best indicators of next crash
Oct. 5,
2009 --
What do ripening pumpkins, sunspots and scratching dogs have to do with stock market crashes in the month of October? Just ask Washington University in St. Louis economics professor Stephen Williamson. He proposes three theories on why the stock market might tend to crash in October as it did so famously in 1929, 1987 and 2008.
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College cash
WUSTL hosts forum on financing university education in tough economic climate, April 14
April 7,
2009 -- "Financing University Education" is the focus of a free public conference to be held 6 p.m. to 7:30 p.m. April 14 in the Bryan Cave Moot Court Room. Anheuser-Busch Hall, Danforth Campus, Washington University in St. Louis.
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| Faculty Experts: |
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Sukkoo Kim
Associate Professor of Economics
Professor Kim's research focuses on urban and regional economics, economic history, trade and development. He studies the growth of the United States economy from the mid-1800s to the present, specifically looking at issues related to labor, immigration, regulation and business structure. Kim also ...
Expertise: urbanization, economic development, economic history, labor, industrialization, industrial revolution, immigration, …
Direct contact: (314) 935-4961
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soks@wustl.edu
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Sebastian Galiani
Associate Professor of Economics
Direct contact: (314) 935-9278
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galiani@wustl.edu
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Michele Boldrin
Joseph Gibson Hoyt Distinguished Professor in Arts and Sciences and chair of the Department of Economics
Professor Boldrin is an economist with a broad range of interests. His work includes research in business cycles and asset pricing; growth and demographic change; innovation and intellectual property; and public policy and the welfare state. Boldrin is a fellow of the Econometric Society. He is also ...
Expertise: Public policy, foreign policy, economic crisis, economic growth, innovation, business cycles, intellectual property, …
Direct contact: (314) 935-5636
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mboldrin@artsci.wustl.edu
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David K. Levine
John H. Biggs Distinguished Professor, economics
Levine has a particular interest in voter participation; issues relating to intellectual property including copyright, patent and Internet policy; and asset markets and credible payment schemes. He is a Fellow of the Econometric Society and president of the Society of Economic Dynamics. Levine and ...
Expertise: Game theory, general equilibrium theory, microeconomic theory, intellectual property and asset markets
Direct contact: (314) 935-5648
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levine@wustl.edu
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Robert A. Pollak
Hernreich Distinguished Professor of Economics in Arts & Sciences and the John M. Olin School of Business
Pollack specializes primarily in economics and demography. His research interests include economics of the family, price and cost-of-living indexes, and environmental policy. He is the author of three books and more than 70 articles and serves on the editorial boards for a number of economic journals. ...
Expertise: business and government, environmental economics, microeconomics, industrial organization, law and economics, political economy, public affairs, …
Direct contact: (314) 935-4918
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pollak@wustl.edu
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Why capitalism fails
The Boston Globe
Sept. 15,
2009 -- U. of Georgia historian Stephen Mihm writes about the late WUSTL economist Hyman Minsky, who "has begun emerging as perhaps the most prescient big-picture thinker about what, exactly, we are going through. A contrarian amid the conformity of postwar America, an expert in the then-unfashionable subfields of finance and crisis, Minsky was one economist who saw what was coming. He predicted, decades ago, almost exactly the kind of meltdown that recently hammered the global economy. "
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Brand Names Live After Stores Close
The New York Times
and 4 others
April 14,
2009 -- While some stores like Sharper Image have disappeared, their brand names live on. Consumers might be confused by the new products or even feel deceived by the practice. Includes comments from WUSTL economics professor David Levine and WUSTL intellectual property law professor Charles McManis.
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Business welcomes talk of tax breaks in stimulus
TheHill.com (DC) online
Jan. 7,
2009 -- The news that President-elect Obama may include more than $300 billion in tax cuts as part of an economic recovery package was preceded by a lobbying push by businesses, which argued that providing tax relief may be a better way of reviving the economy than simply directing money to pay for road and bridge construction. Includes comments by WUSTL economics professor Steven Fazzari.
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Economists Duke It Out over Stimulus Plan
NPR Morning Edition
Jan. 5,
2009 -- Experts disagree on how to fix the economy. Advisers to President-elect Barack Obama are assembling a huge plan to stimulate the economy. Some experts doubt this is a good idea. David Kestenbaum talks with some experts, including WUSTL economics professor Steve Fazzari.
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A wealth of ideas for Obama's stimulus program
Los Angeles Times
Dec. 1,
2008 -- The next president has yet to offer details of his economic stimulus plan. Its size and scope, and how he'll address housing and the auto industry, are up for debate. WUSTL economics professor Steven Fazzari comments.
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