A Tale of Two Turkeys

You probably often see very conflicting views of the Turkish economy. If you are sick of my gloomy writings (hey, it is called the dismal science), there are plenty of columns and research reports painting a rosy view of the Turkish economy. So how can we reconcile these different assessments? Well, the easiest way out […]

Closing Dinner Remarks — The Hyman P. Minsky Summer Seminar — June 21, 2014

Closing Dinner Remarks The Hyman P. Minsky Summer Seminar June 21, 2014 Daniel Alpert The Levy Economics Institute of Bard College Annandale-on-Hudson, New York This past weekend I was very honored to give the closing dinners remarks at the Levy Economic Institute’s Hyman P. Minsky Summer Seminar, which talk is set forth below.  The Summer […]

The Best Introduction to the Woes of the Turkish economy

Nope, it is not one of my columns. It is an article by University of Maryland’s Sebnem Kalemli-Ozcan. Here is how my friend Murat Ucer summarized it in his Turkish economic data program Turkey Data Monitor: Open F/X positions or so-called “currency mismatches” are always a source of concern in emerging markets.  This recent Voxeu […]

How to Fix Spain’s Educational Fiasco

This article explains what for many readers would be quite an extravagant proposal: to bring One Hundred Thousand Indian Engineers to Spain and then Portugal on five year shifts to teach Math and Science in High Schools throughout the territory. For this purpose it is proposed that Spain’s three largest Universidades Politécnicas (Catalunya, Madrid and […]

Yes, We Should Worry About Public Pensions

In the wake of the Detroit bankruptcy, Paul Krugman has a post pooh-poohing concerns about public pensions. His conclusion: “Nationwide, governments are underfunding their pensions by around 3 percent of $850 billion, or around $25 billion a year. A $25 billion shortfall in a $16 trillion economy. We’re doomed!” (Yes, that’s sarcasm.) I know why Krugman wants […]

Does Peak Phosphate Spell Doom for Humanity, or Will the Market Save Us?

Although climate change catches the headlines, it is not the only doomsday scenario out there. A smaller but no less fervent band of worriers think that peak phosphate—a catastrophic decline in output of an essential fertilizer—will get us first. One of the worriers is Jeremy Grantham of the global investment management firm GMO. Grantham foresees […]

Nouriel Roubini Speaks at NYFA 2013: Is Africa’s Robust Growth Sustainable?

Over 600 business and political leaders gathered recently in Libreville, Gabon, to debate and help shape Africa’s road map. RGE Chairman Nouriel Roubini shared his perspective on what the future holds for this region and provided policy guidance. As attendees looked at whether the increasingly robust economic growth in Africa is sustainable, Roubini talked about […]

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