This episode of On the Media looks at the story of money, from its uncertain origins to its digital reinvention in the form of cryptocurrency, and features political economist Mark Blyth discussing the history of money and how cryptocurrency could shape the future of money.
Senior Fellow Richard Arenberg in Newsmax, "Without the filibuster as a counter-weight against totally majority-driven procedures, Chairman Grassley (R-IA) and his majority were able to ignore fundamental demands. The minority was helpless to insist that all the necessary documents be produced to the committee."
In collaboration with the U.S. Census Bureau, Opportunity Insights, a research and policy institute formed by Harvard and Brown University economists including Associate Professor John Friedman, released an interactive mapping tool called "The Opportunity Atlas." The Atlas helps predict how neighborhoods influence the trajectories of the children who grow up there.
In collaboration with the U.S. Census Bureau, Opportunity Insights, a research and policy institute formed by economists from Harvard and Brown Universities, including Associate Professor John Friedman, released an interactive mapping tool called "The Opportunity Atlas." The Opportunity Atlas helps predict how neighborhoods influence the trajectories of the children who grow up there.
Economist John Friedman said the dream of faring better than one's parents has been dwindling every year since the 1960s. "Friedman is working with Ohio State and more than 300 other colleges nationwide to find out what's helping people advance and holding them back."
Colleges have long offered a pathway to success for just about anyone -- but new research shows that they're not doing enough to help students from poor families achieve the American dream. Economist John Friedman said children of well-to-do families are likely to stay that way, while children of poor families are likely to stay poor -- and "I think that's led to a real feeling that the American dream is slipping away from them."
In an article on the world's fastest-growing major economy, Professor Ashutosh Varshney has drawn a striking analogy between contemporary India and the United States in the late 19th century, a time similarly characterized by a heady cocktail of growth, inequality and corruption.
The Mega Millions jackpot is now $493 million ahead of Tuesday's draw at 11 p.m., the fifth largest jackpot in history. A study by economist Emily Oster found that the lottery jackpot only becomes "progressive" -- meaning high earners spend more on tickets than low earners -- when the jackpot is at least $806 million.
An article co-written by Mark Blyth and published in the American Political Science Association, was recently named "Best Paper" by the journal's European Politics and Society organized interest group for 2018.
Economist John Friedman said that while attending college is an "incredible boost to upward mobility," the path to higher education can have pitfalls for lower-income and minority students, who often leave college saddled with unsustainable debt after earning a degree that may not boost their income or upward mobility.
Stories of upward mobility were once a key feature of American life. Children born in the 1940s were almost guaranteed to grow up and earn more than their parents did. But upward mobility has stalled, according to economist John Friedman.
Americans' tax records are the best dataset for assessing income inequality and the odds that a child born poor can become rich. The IRS still only accepts a small number of applications for studies every year, and a list put together by economist John Friedman shows they are almost all from elite schools.
Economist John Friedman spoke with GoLocalProv in a live video about how children's opportunities to climb the income ladder later in life depend heavily on where they grow up and how big data can play a role in designing place-based public policy.