The Plank (Free subscription) | 17/11/2009
“ Banking on the State ” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points effectively to policymakers. He is obviously closely in line--although not in complete agreement--with the thinking...
SimoleonSense (Free subscription) | 19/10/2009
This interview does a fantastic job of using economic theories to explain the financial crisis. It’s a must read for students of finance & economics. Click Here To Learn About Economic Theory & The Financial Crisis Interviewee Background (Via The Browser) Nobel Prize winning economist Eric Maskin is the Albert O Hirschman Professor of Social Science at the [...]
Mostly Economics (Free subscription) | 16/10/2009
I came across three excellent interviews: Rogoff and Reinhart - who raise issues of moral hazard and rising public debts John Taylor - on Fed Balance Sheet (they should stop expanding it now) and what Fed should do? Eric Maskin – on this crisis and provides a reading list of papers/books IMF Economists Carlo Cottarelli and José Viňals on fiscal [...]
FutureOfCapitalism.com (Free subscription) | 15/10/2009
Harvard economics professor and Nobel laureate Eric Maskin: The sort of economics that deserves attack is Alan Greenspan's idealized world, in which financial markets work perfectly well on their own and don't require government action. There are, of
The Oregon Economics Blog (Free subscription) | 15/10/2009
Via Greg Mankiw I learn about a fascinating web site, " The Browser ," and a very interesting and in-depth i nterview with Eric Maskin (Nobel winning economist) about economic theory and the crisis. Well worth the read and for those with some economics training, reading the referenced articles is worth the effort.
Click World News (Free subscription) | 15/10/2009
With the Nobel Prize in Economics being awarded to Elinor Ostrom (as well as Oliver Williamson ) this year, plenty of people are noting that Ostrom's seminal work has to do with how the concept of "the tragedy of the commons" isn't really true in many cases, and how that "commons" can often self-regulate itself. And, Ostrom definitely recognizes how this applies to the "commons"...
Greg Mankiw's Blog (Free subscription) | 15/10/2009
My erstwhile Harvard colleague Eric Maskin offers opinions and a reading list .
EconLog (Free subscription) | 14/10/2009
Nobel Laureate Eric Maskin says , I think most of the pieces for understanding the current financial mess were in place well before the crisis occurred. If only they hadn't been ignored. We're not going to eliminate financial crises altogether, but we can certainly do a better job of preventing and containing them. Pointer from Tyler Cowen . I would say that there is a sense in which Eric Maskin does...
Anti-Dismal (Free subscription) | 21/08/2009
Having been reading up on mechanism design recently I was interested to come across this piece by Robert P. Murphy at the Ludwig von Mises Institute on the awarding of the 2007 Nobel Prize in economics to Leonid Hurwicz, Roger Myerson, and Eric Maskin for laying the foundations of "mechanism design theory". Murphy writes The official press release made it quite clear that although the Invisible...
Environmental and Urban Economics (Free subscription) | 07/03/2009
I've achieved some of my life's goals but today I can check off another one. I have published a letter in the San Diego Tribune. Below, I report letters by Rob Stavins and myself. I must admit that Eric Maskin's NY Times Letter published today is even better. Why did I write the SD Tribune? I was misquoted there a week ago and felt that I should try (in 200 words or less) to state my "true"...
Hindu (Free subscription) | 16/12/2008
Theory asks if mechanisms can be designed to achieve a certain goal
DealBreaker (Free subscription) | 16/10/2007
Nobel economics winner says market forces flawed (Reuters) One has to admit to being slightly annoyed by lines like this: "Professor Eric Maskin, one of three American economists to receive the award, said that he "to some extent" takes issue with free-market orthodoxy championed by U.S President George W. Bush and some other western leaders." Did he really say that? Or did the...
Red State (Free subscription) | 15/10/2007
Warmest congratulations to Leonid Hurwicz (emeritus, University of Minnesota), Eric Maskin (Princeton's IAS) and Roger Myerson (University of Chicago) on winning this year's Nobel Memorial Prize in Economics. Story here. Building on ideas originally proposed by Hurwicz, the prizewinning work relates to imperfections in information flow in free markets. Orthodox neoclassical economics holds that perfectly-free...
The Earth Times Online Newspaper (Free subscription) | 15/10/2007
Three professors from the United States were named Monday in Sweden as the recipients of the 2007 Nobel Prize in Economic Sciences. Leonid Hurwicz of the University of Minnesota, Eric Maskin of the Institute for Advanced Study at Princeton, N.J., and Roge...
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