Economics

In this public lecture, Thomas Piketty, Professor at École des Hautes Études en Sciences Sociales, Paris (EHESS) and the École d’économie de Paris/Paris School of Economics, presents new findings and reflections on global inequality dynamics as...

Michael Pettis

Michael Pettis explores the reasons for China’s tumultuous stock market and its impact on the global economy.

Many natural and social phenomena may be viewed as inherently computational; they evolve patterns of information that can be described algorithmically and studied through computational models and techniques. A workshop on the computational lens,...

Developing countries, led by Asia, have grown ­significantly more rapidly than mature economies over the last two decades, closing the gap between them. This experience is quite anomalous, since ­historically economic convergence has been the...

When the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (colloquially known as the “Economics Nobel”) was awarded to Eugene Fama and Robert Shiller, along with Lars Peter Hansen, many were puzzled by the selection....

Women’s rights have come a long way since the beginning of the twentieth century. Before that, if a European or American woman were married, her husband owned the wages she might earn and controlled any property or inheritance she might bring....

In 2003, the Supreme Court of the United States heard the case of Grutter v. Bollinger and upheld the right of the University of Michigan Law School to use race as a criterion for admissions. At the time, the majority speculated that in...

Karl Marx linked the structure of production to the formation of institutions. According to Marx, religion is like any other social institution in that it is dependent upon the economic realities of a given society, i.e., it is an outcome of its...

Upon receiving the Nobel Prize in Economics on December 10, 2007, Eric S. Maskin, Albert O. Hirschman Professor in the School of Social Science, became the fifth Faculty member––following Albert Einstein, Tsung-Dao Lee, Chen Ning...

In the public lecture “Why Haven’t Global Markets Reduced Inequality?” Eric Maskin, Albert O. Hirschman Professor in the School of Social Science, asks: Why does inequality persist between rich and poor in developing countries...