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Washington University in St. Louis News & Information > University Groups > Arts & Sciences >
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Recovering from the Great Recession
2010 economic forecast: slow growth with chance of stagnation
Nov. 23,
2009 --
The key issue is not whether the official recession is over, argues economics professor Steve Fazzari, but whether the economy can generate the growth necessary to put many of the unemployed back to work again. "In the deep downturns of the 1970's and early '80's, strong consumer spending growth led to strong recoveries. Unfortunately, I just don't see that happening this time." Fazzari's researh on the consumer spending binge that fueled economic growth for nearly two decades predicted the great risk for financial collapse that contributed to the Great Recession. The question now, is what will drive economic recovery this time? Includes video interview.
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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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New book calls intellectual property an unnecessary evil
Economists say copyright and patent laws are killing innovation; hurting economy
March 5,
2009 -- Patent and copyright law are stifling innovation and threatening the global economy according to two economists at Washington University in St. Louis in a new book, Against Intellectual Monopoly. Professors Michele Boldrin and David K. Levine call for abolishing the current patent and copyright system in order to unleash innovations necessary to reverse the current recession and rescue the economy. The professors discuss their stand against intellectual property protections in a video and news release linked here.
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Violence and social order
Research workshop explores social science of international development, March 24
March 3,
2009 --
Community-based conservation in Madagascar, property rights for the poor in Argentina and trade-offs between violence and power in societies throughout human history are among topics to be explored in a free public workshop on the social science of international development from 9 a.m. to 5 p.m. March 24 in the Women's Building Formal Lounge.
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Call for reforms and lower tax rates to boost economy
Economists object to Obama stimulus plan
Jan. 30,
2009 --
In a full-page ad published in major newspapers Jan. 29, more than 200 economists — including two from Washington University in St. Louis — politely reject President Obama's stimulus package calling for increased government action to jumpstart the economy.
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Innovative Entrepreneurship Education Award Named
Course combining western civ with history of entrepreneurs is honored
Jan. 27,
2009 -- Steven C. Hause, Ph.D., senior scholar in the Humanities at Washington University in St. Louis, has received the Innovative Entrepreneurship Education Course Award from the U.S. Association of Small Business and Entrepreneurship for his course, "Economic History and Entrepreneurialism in Modern Western Civilization."
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The Competition of Ideas
Washington think tanks too predictable, suggests new book by Murray Weidenbaum
Nov. 26,
2008 --
As President-elect Barack Obama continues to fill key cabinet positions from the ranks of D.C.-based public policy think tanks, a new book by longtime policy adviser Murray Weidenbaum examines how the nation's top think tanks came to play such critical roles in U.S. politics.
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Experts to examine world economy
Financial meltdown: causes, consequences and cures
Oct. 16,
2008 -- The recent meltdown in financial markets around the world, government rescue plans and the future of the global economy will be the focus of an international panel of economic experts Friday, Oct. 17, 2:30 p.m., at Washington University in St. Louis. Free and open to the public, the event will be held in the Lab Sciences Building, Room 300 on the Danforth Campus.
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