Newsletter: A monthly brief of new insights on important economic, financial and policy issues.
Advances in artificial intelligence have spawned a spirited debate about the future of man’s relationship to machines and the potential to change the character of human existence as we know it. We sat down with Joel Mokyr, Robert H. Strotz Professor of Arts and Sciences and professor of economics and history at Northwestern University, to discuss how we should think about artificial intelligence (AI) in the evolution of technology and what it could mean for both the economy and society.
On Monday, October 12, Princeton Professor Angus Deaton
was awarded the Nobel Prize in Economics for his “analysis of consumption, poverty and welfare.” As the Royal Swedish Academy of Sciences stated in its announcement, “to design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. More than anyone else, Angus Deaton has enhanced this understanding.”
In contrast to confrontations between African American communities and local police late last year that were defined largely in terms of race, the death of Freddie Gray in Baltimore also underscored the extent to which urban poverty plays a role in putting young black men at risk. We asked Isabel Sawhill
, a national authority on poverty and now Senior Fellow at the Brookings Institution, to talk to us about the nature of poverty in America today, why increased government spending has not led to more progress, and how we can effect change going forward.
Digital technology could reshape as many as one-half of all U.S. jobs but it will replace very few.
Digital technology’s economic promise is great but its economic impact may be limited without better public policy.
Progress is the engine of inequality, but the benefits must be shared.
The U.S. has the third largest number of households in the world after China and India, with 114 million households that constitute large consumer markets even among relatively small demographic groups.
The amount of media attention devoted to CEO compensation may be waning, but interest in top bosses’ remuneration continues to simmer.
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