Economics

Magdalena Małecka, Deutsche Bank Member (2020–21) in the School of Social Science, has been awarded a Consolidator Grant by the European Research Council for a project titled “Encoded Knowledge: Epistemology of Computer Technology in Modern Economics.” Małecka's time at the Institute, which included visits to the Shelby White and Leon Levy Archives Center, was formative for her project.

Daniela V. Gabor, Roger W. Ferguson, Jr., and Annette L. Nazareth Member in the School of Social Science, argues that the U.K. Labour party will aim to "rebuild the infrastructure that is crumbling after years of Tory underinvestment" by turning to private investment companies. She contends that this "will generate windfalls for investors and leave the rest of us worse off."

"As gig work grows ever more prevalent, critics have voiced major issues with these jobs, from their lack of labor protections to income instability and more. But if gig work is so bad, why do so many people do it?" In a piece for the Harvard Business Review, Lindsey D. Cameron, Member in the School of Social Science, reflects on the seven years that she spent conducting a wide-ranging study of the ins and outs of ride-hail work.

In an op-ed for the Financial Times, Daniela Gabor, Roger W. Ferguson, Jr., and Annette L. Nazareth Member in the School of Social Science, argues that the U.K.'s central bank strategy to unwind quantitative easing is an illegitimate use of its fiscal powers.

Claudia Goldin, Member (1982–83) in the School of Social Science, was honored with the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023. The Royal Swedish Academy of Sciences cited Goldin’s achievement in providing “the first comprehensive account of women’s earnings and labour market participation through the centuries.”

"Francesca Trivellato is Andrew W. Mellon Professor of Early Modern European History at the Institute for Advanced Study in Princeton, NJ. She is the author, most recently, of The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells us about the Making of European Commercial Society (Princeton University Press, 2019).

"The carried interest tax loophole allows wealthy Americans, like those in private equity and hedge funds, to avoid billions in taxes each year. It's been one of the most controversial features of the U.S. tax system, yet it has survived multiple attempts (by Republicans and Democrats) to try to kill the loophole. The most recent attempt — in the Inflation Reduction Act — was thwarted last week."