Some economic observers continue to warn about signs of a potential U.S. recession. Glenn MacDonald, the John M. Olin Distinguished Professor of Economics and Strategy at Olin Business School at Washington University in St. Louis, says many signs aren’t particularly reliable — but keep an eye on housing starts.
In an effort to study causes and find solutions, Washington University in St. Louis faculty from across disciplines are examining economic insecurity through the university’s Livable Lives Initiative. One of the products of this interdisciplinary collaboration is a new book, “Working and Living in the Shadow of Economic Fragility.”
If the titans of finance had only been paying attention, they would have seen that former Washington University in St. Louis economics professor Hyman P. Minsky had predicted the Great Recession decades before it happened.
Cheryl Block, JD, federal budget and tax expert and professor of law at Washington University in St. Louis, weighs in on tax cut extensions. “We want it all: low tax rates, government spending on the programs we prefer, and — ideally — a balanced budget,” she says. “Perhaps not surprisingly, the desire for prudent budgets increasingly loses out to the first two demands.”
The intricately intertwined relationship between the global economy and politics will be the focus of a public forum titled “Politics and the Global Recession” at 7:30 p.m. Thursday, Feb. 25 in the Knight Center. The program is being sponsored by the Weidenbaum Center on the Economy, Government, and Public Policy.
Experts from the St. Louis Federal Reserve and around the country will be on the Washington University campus Friday, Feb. 5, to discuss the Federal Reserve’s role during the recent recession and future directions for policy. The free public conference, “Monetary Policy Amid Economic Turbulence,” begins at 2:30 p.m. in the Bryan Cave Moot Court Room, Anheuser-Busch Hall.
SawyerEven as the United States faces the worst economic crisis since the Great Depression, businesses are spending more money on innovation, according to a recent Wall Street Journal report. Keith Sawyer, Ph.D., assistant professor of education and psychology in Arts & Sciences and one of the country’s leading experts on the science of creativity, says that investing in innovation is one of the best ways to beat the recession.
“Financing University Education” is the focus of a free public conference to be held at 6 p.m. Tuesday, April 14, in the Bryan Cave Moot Court Room of Anheuser Busch Hall.
“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.
FazzariWUSTL economist Steven Fazzari, Ph.D., argues that we have now reached the “Minsky moment,” the time when an unsustainable financial boom turns to bust. “The serious consequences for employment and economic growth in this crisis can be mitigated, but not eliminated, by the defensive financial bailouts that the federal government has initiated,” Fazzari says.