economic risks
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April 29, 2009 - Frank Wolak, senior fellow at the Stanford Institute for Economic Policy Research, discusses restructuring of the electricity industry in the U.S. using examples from California and explains the problems involved in energy market design.
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Black Reconstruction in the South: The Freedpeople and the Economics of Land and Labor
Yale / History
Professor Blight begins this lecture in Washington, where the passage of the first Reconstruction Act by Congressional Republicans radically altered the direction of Reconstruction. The Act invalidated the reconstituted Southern legislatures, establishing five military districts in the South and insisting upon black suffrage as a condition to readmission. The eventful year 1868 saw the impeachment of one president (Andrew Johnson) and the ...more
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It is not only a personal tragedy to be born or to acquire blindness in early life but also a major socio-economic problem. Tragically many cases are preventable. Professor Gilbert will explain why children become blind and how programs instigated worldwide treatment and prevent blindness.
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It was during these years that British statesmen first came to appreciate that her international and economic position was under threat. The growth of German and American economic power exposed the fragility of Britain's hitherto unquestioned pre-eminence. Imperialism was the first response to decline, social reform the second. It was these years that saw the first stirrings of a new collectivism in the 'New Liberalism'. 1905-1914....more
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Britain in the Twentieth Century: The Economic Crisis and its Consequences
Gresham College / Political Science
Fears about the fiscal deficit and the possibility of a run on sterling caused MacDonald and Snowdon to take drastic action in the economic crisis of 1931. However, they could not win the support of the trade unions and the cabinet, so headed up a ‘National’ Government of Conservatives and Liberals. Labour was decimated in the elections of 1931 and 1935 – not returning to power until Churchill’s war-time coalition.
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Mandelbaum believes that one is born an entrepreneur. A person can learn the basics of entrepreneurship, but the willingness and eagerness to take risks should come naturally and cannot be taught. A great entrepreneur is someone who keeps the team going through the bad times when the future looks dim, she notes.
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Larsen and Breyer provide career advice to students. The most important thing is to be passionate about what you do, they say. They also suggest that the current economic environment is perfect for fresh graduates to take risks and follow their dreams.
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Roos gives five takeaways in his talk: 1) Take risks; 2) Don't be afraid to take a step back in your career if it will help you move forward in the long run; 3) Surround yourself with good people and give them credit; 4) Little things really matter; and 5) Integrity matters more than anything else.
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Professor Shapiro continues his examination of Jeremy Bentham's formulation of classical utilitarianism, with a focus on the distributive implications of the theory of "maximizing the greatest happiness of the greatest number." He engages students in a discussion of a guiding principle of classical utilitarianism, the principle of diminishing marginal utility, and some traditional critiques of this principle. Professor Shapiro examines the...more
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Climate change will be a core concern that will influence policy and economic activity for years to come. It raises classic issues of distributional justice, law and science, risk, uncertainty and precaution, federalism, technology policy, and international relations. Students will leave this course with an understanding of the sources and impacts of climate change, the key state, national and international policies, and the role of law.
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While economists didn't have a good theory of interest until Irving Fisher came along, and didn't understand the role of collateral until even later, Shakespeare understood many of these things hundreds of years earlier. The first half of this lecture examines Shakespeare's economic insights in depth, and sees how they sometimes prefigured or even surpassed Irving Fisher's intuitions. The second half of this lecture uses the concept of pre...more
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Hoffman draws comparisons between a general manager and an entrepreneur by giving his own example of becoming a general manager before starting his company. He also talks about the difference between an entrepreneur who takes wild risks and a professional general manager who is paid to mitigate risks.
