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Marhsall Goldman is a Professor of Economics Emeritus at Wellesley College and Senior Scholar at the Davis Center for Russian Studies at Harvard University. In his forthcoming book, Petrostate: Putin, Power, and the New Russia , Goldman chronicles Russia’s dramatic reemergence on the world stage, illuminating the key reason for its rebirth: the use of its ever-expanding energy wealth to reassert its traditional great power ambitions. In the article below Goldman reflects on Medvedev’s recent victory in the Russian elections and on what it means for Russia.
Dmitri Medvedev’s election (or more accurately, selection) as president of Russia was not much of a cliffhanger. By eliminating any viable contender, his patron, Vladimir Putin did all he could to ensure his protégé’s election. For many Russians, there was little point in even bothering to show up at the polling station–everything had been decided in advance. Except for Medvedev, no other candidate (or even a potential candidate) was allowed meaningful access to TV, much less campaign funding. Large public rallies were restricted, if not banned outright. (more…)
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By: Rebecca,
on 2/25/2008
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Stuart Vyse is Professor of Psychology at Connecticut College, in New London. In his new book, Going Broke: Why Americans Can’t Hold On To Their Money, he offers a unique psychological perspective on the financial behavior of the many Americans today who find they cannot make ends meet, illuminating the causes of our wildly self-destructive spending habits. In the excerpt below Vyse looks at the psychology of credit limits. Check out the tips he provided us with this morning or his podcast.
The Magic of Credit Limits
It is a wonderful feeling. You apply for your first MasterCard, hoping to be accepted. Finally it arrives in the mail, and you feel like a million bucks. It is shiny and new, and it comes with a letter that tells you your credit limit. In most cases, this happy event occurs when you are quite young: just after graduation from high school or somewhere in your twenties. As a result, the credit limit often seems like an amazingly large figure. (more…)
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Richard L. Revesz is co-author, with Michael A. Livermore, of Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Environment and Our Health, which makes clear that by embracing and reforming cost-benefit analysis, and by joining reason and compassion, progressive groups can help enact strong environmental and public health regulation. Revesz is the Dean of New York University School of Law. In the article below Revesz responds to an article in the N.Y. Times Magazine.
In the N.Y. Times Magazine, Steven D. Levitt and Stephen J. Dubner discuss three seemingly unrelated stories about a deaf woman in Los Angeles, a first-century Jewish sandal maker, and the red-cockaded woodpecker. The commonality in these stores, the essay argues, is that they were all the unintended victims of well-meaning regulation – the Americans with Disabilities Act, an ancient Jewish law forgiving debts every seventh year, and the Endangered Species Act, respectively. (more…)
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Rebecca OUP-US
Today we are thrilled to have an original piece from Paul Collier the author of The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It. Below, Collier a Professor of Economics and Director of the Center for the Study of African Economies at Oxford University, argues that the G8 did not go far enough in its efforts to assist Africa.
Since the 1960s around a billion citizens of the world have been diverging from the rest of us at an accelerating rate, a trend which will generate unmanageable social pressures. Most of these countries are in Africa, and so it is appropriate that the region should again have been on the G8 agenda during the recent summit in Germany. (more…)
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By: Rebecca,
on 5/17/2007
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On this day in 1792 the New York Stock Exchange was formed. We turned to Oxford Scholarship Online(OSO) to find out more about the NYSE. OSO helped us find Wall Street: A History by Charles R. Geisst. Below is an excerpt from Geisst’s introduction.
Like the society it reflects, Wall Street has grown extraordinarily complicated over the last two
centuries. New markets have sprung up, functions have been divided, and the sheer size of trading volume has expanded dramatically. But the core of the Street’s business would still be recognized by a nineteenth-century trader. (more…)
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