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Redistributing the Gains From Trade Through Progressive Taxation - By Michael Waugh
In “Redistributing the Gains from Trade through Progressive Taxation,” a working paper published by the National Bureau of Economic Research in June 2018, the authors observe that while trade is a net positive for the vast majority of the population, who enjoy the increased choice and lower prices it brings, it negatively affects certain workers, for example those in manufacturing, steel, and medium-skill services.
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The Fight Against Russian Disinformation - By Michael Posner
In 1822, James Madison wrote that “a popular government without popular information or the means of acquiring it is but a prologue to a farce or tragedy or perhaps both.” Operating in a much simpler world, Madison and the other architects of American democracy did a brilliant job in developing a constitutional model that guarantees a free press and supports accountable government-essential elements to the provision of “popular information.”
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Combating Russian Disinformation - By Stern Center for Business and Human Rights
A new report from the NYU Stern Center for Business and Human Rights outlines the dangers posed by Russian political disinformation and offers recommendations to governments and Internet platforms on how to address threats.
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Trump May Kill the Global Recovery - By Nouriel Roubini
How does the current global economic outlook compare to that of a year ago? In 2017, the world economy was undergoing a synchronized expansion, with growth accelerating in both advanced economies and emerging markets. Moreover, despite stronger growth, inflation was tame – if not falling – even in economies like the United States, where goods and labor markets were tightening.
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As Human Rights Deteriorate in Myanmar, U.S. Leadership Is Lacking – By Michael Posner
Over the last two weeks, I have traveled to Myanmar and Bangladesh. This was my first visit back to Myanmar in more than five years. And while I am a chronic optimist, my visit offered grim confirmation of the dramatic deterioration of conditions in the country, especially for the Rohingya ethnic minority. These catastrophic conditions underscored the decline of U.S. leadership on human rights in this part of the world and globally.
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We Take More Risks When We Compete Against Rivals - By Gavin Kilduff
Rivalry is everywhere. We see rivalries in sports, business, school, and basically any arena where there is competition. Whether it is rivalry between people (Bill Gates versus Steve Jobs; Roger Federer versus Rafael Nadal), between organizations (e.g., Ford versus GM), or between nations (e.g., should U.S. soccer fans have rooted for rival Mexico in the World Cup?), there is something uniquely powerful about rivalry that differentiates it from others forms of competition and relationships.
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Lloyd Blankfein Legacy is a Headache for Solomon - By Roy C. Smith
Goldman Sachs‘ announcement on Tuesday that David Solomon will replace Lloyd Blankfein as CEO was expected, but when the actual change occurs on Oct 1 it will brings to an end the super-eventful 16-year period in which Blankfein reshaped the firm – not once but twice – while maintaining its preeminent role as one of the world’s foremost investment banks even through the worst financial crisis since the 1930s.
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How Microsoft Is Sparking a Crucial Conversation on Facial Recognition Technology - By Michael Posner
This morning Microsoft President Brad Smith posted an essay on the company’s blog that raises important questions about the human rights challenges related to facial recognition technology. Microsoft, and in particular, Smith, have led the tech industry in addressing human rights issues that inevitably grow from the spreading use of emerging technologies. As Smith points out, these new technological capacities are often a force for good, but are also subject to manipulation and can cause great harm. What is clear is that these new technologies are now part of our lives and will play an ever-greater role in the future. Smith rightly focuses on vexing challenges relating to the governance of facial recognition technologies, a rapidly evolving area which requires new models in which both governments and companies assume greater responsibilities.
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Target-2 Masks Reduced Fragmentation - By Kim Schoenholtz
The claims of the Bundesbank on the European Central Bank through the Target-2 system are approaching €1tn. What do these claims represent? Are they subsidised German loans to other euro-area countries – primarily Italy, Portugal and Spain? Do they signal further financial disintegration in Europe? Or, as large as these numbers are, are they simply a consequence of the complex mechanics related to the construction of the Eurosystem and how it implements monetary operations?
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Comedian Hannah Gadsby Is Going To Make You A Better Leader - By Dolly Chugh
There are two types of people in the United States right now: those who have heard of comedian Hannah Gadsby and those who haven’t. When people in the first group – particularly those who have seen Gadsby’s work - cross paths with people in the second group, a predictable zeal takes hold. They talk about the importance of Gadsby’s Netflix special, Nanette, to anyone who is from - or cares about people from – a marginalized group. They quote breathless pieces from Forbes.com, Rolling Stone, Salon.com, The Atlantic Monthly, Vanity Fair, Vulture.com and many others. Eventually, the zeal culminates with, “Trust me. Just see it.”
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Social Hierarchy: The Self-Reinforcing Nature of Power and Status - By Joe Magee
An understanding of power and status would seem essential when analyzing the dynamics at play in political or social organizations. A paper by NYU Stern Professor Joe Magee, which recently won the Academy of Management Annals Decade Award, is particularly timely and relevant today.
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AI and the Economy - By Robert Seamans
If the digital age morphs into the artificial intelligence (AI) age, labor economists and policymakers want to be ready to accommodate that transformation and its effects on labor and productivity. With that in mind, NYU Stern Professor Robert Seamans reviews the evidence to date and suggests strategies of dealing with the impact of AI.
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Asymmetric Information and Entrepreneurship - By Deepak Hegde
If entrepreneurs are made, not born, new research from NYU Stern Professor Deepak Hegde shows that one factor that propels them to seek their fortunes is how they’re judged, or misjudged, by potential employers, starting with experiences in their teenage years.
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Sole Survivors: Solo Ventures versus Founding Teams – By Jason Greenberg
Two heads may not be better than one when it comes to founding a startup. That’s the conclusion of new research from NYU Stern Professor Jason Greenberg, who studied thousands of ventures to bring some empirical discipline to an inquiry that has relied mostly on intuition.
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Why The Travel Ban Is Bad For U.S. Business - By Michael Posner
The Supreme Court’s decision to uphold the visa ban is a piece of President Donald Trump’s broader efforts to drastically curtail immigration into the United States. A centerpiece of his “America First” agenda, Trump’s anti-immigration offensive also involves seeking to deport the so-called Dreamers and deter Central Americans from crossing the southern border by separating parents from their children. The message is clear: America is slamming the door on new immigrants, especially those coming from the global South.
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