MIT News: Clare Balboni on the role of economics in understanding environmental issues
MIT News: Clare Balboni on the role of economics in understanding environmental issues
Clare Balboni, 3M Career Development Assistant Professor of Environmental Economics, speaks with MIT News for their ongoing series, "Solving Climate: Humanistic Perspectives from MIT." Balboni, who works at the intersection of environmental, trade, and development economics, discusses the growing use of economic models and methods to understand environmental issues and shape related policy, as well as growing interest in environmental questions within the field of economics.
MIT News: George Shultz PhD '49, renowned statesman and former professor, dies at 100
MIT News: George Shultz PhD '49, renowned statesman and former professor, dies at 100
MIT Economics remembers distinguished alumnus George P. Shultz, former U.S. secretary of labor, state, and of the treasury. Shultz, who received his PhD in industrial economics at MIT in 1949, also taught as an assistant, and then associate, professor in the Department of Economics and the Sloan School of Management. Shultz maintained a strong affiliation with MIT and the department throughout his life, and is pictured above with Robert Solow, professor emeritus of economics, following an MIT Energy Initiative lecture in 2008. As MIT President L. Rafael Reif says in MIT News, "We will remember Secretary Shultz for the boundless energy, piercing clarity, and innovative ideas he brought to every role and every conversation. And we are profoundly grateful for the eloquence of his example: a life lived in service to the common good."
MIT News: Parag Pathak and colleagues on building equity into vaccine distribution
MIT News: Parag Pathak and colleagues on building equity into vaccine distribution
Since early 2020, Class of 1922 Professor of Economics Parag Pathak has been considering resource allocation in the context of the Covid-19 pandemic. Starting with ventilators, and moving to therapeutics and vaccines, Pathak and colleagues have developed a "reserve system" for distribution of essential Covid-19 relief. In the context of vaccines, the system allows prioritization of groups like medical workers and seniors, while also scaling up distribution to disadvantaged communities that have been especially hard-hit by the pandemic.
Amy Finkelstein: Why it's so hard to cut waste in health care
Amy Finkelstein: Why it's so hard to cut waste in health care
During the pandemic, the U.S. has seen a significant decrease in overall health care spending, due to a steep reduction in essential and nonessential medical care that isn't related to Covid-19. Writing for The New York Times, John and Jennie S. MacDonald Professor of Economics Amy Finkelstein considers the implications and a related, broader challenge for health care policy: how can we lower spending on unnecessary health care without also reducing essential care?
James Poterba named 2021 American Finance Association fellow
James Poterba named 2021 American Finance Association fellow
Mitsui Professor of Economics James Poterba was selected as the 2021 Fellow of the American Finance Association (AFA), recognizing his distinguished contributions to the field of finance. The AFA elects one fellow each year, based on members' nominations and a vote of the current fellows. Poterba joins several other MIT faculty members- Bengt Holmstrom, Robert Merton, Stewart Myers, and the late Stephen Ross and Paul Samuelson- in the AFA Society of Fellows.
Daron Acemoglu on the current state of democracy in the U.S.
Daron Acemoglu on the current state of democracy in the U.S.
Institute Professor Daron Acemoglu talks with MIT News about the country's current political condition and the future of American democracy in light of the invasion of the U.S. Capitol on January 6 and the number of GOP members of Congress who voted not to certify the presidential election results.
MIT economists on the impacts of Covid-19
MIT economists on the impacts of Covid-19
Research and insights from MIT economists on the economic impacts of the coronavirus pandemic.
MIT News: Can mammogram screening be more effective?
MIT News: Can mammogram screening be more effective?
MIT News highlights research co-authored by John and Jennie S. MacDonald Professor of Economics Amy Finkelstein and economics PhD candidate Abby Ostriker. "Screening and Selection: The Case of Mammograms," recently published in American Economic Review, suggests that targeting breast cancer screenings to high-risk groups could be more effective than recommendations based on age. As Finkelstein, Ostriker, and their co-authors note, considerations of the costs and benefits of age-based guidance often overlook the fact that healthier women are more likely to follow recommendations for early screening. This work is has the potential to benefit ongoing policy discussions related to screenings for breast cancer, as well as a range of other diseases.
Esther Duflo named chair of French Fund for Innovation in Development
Esther Duflo named chair of French Fund for Innovation in Development
Esther Duflo, Nobel laureate and Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, will chair a new Fund for Innovation, hosted by the French Development Agency. Duflo and other founders hope that The Fonds d'Innovation pour le Developpement or FID will transform the country's approach to aid, through a stronger focus on impact and funding opportunities for a broader range of researchers and organizations.
Senior Francesca Macchiavello Cauvi receives Schwarzman Scholarship
Senior Francesca Macchiavello Cauvi receives Schwarzman Scholarship
Francesca Macchiavello Cauvi, a senior majoring in Computer Science, Economics, and Data Science, has been awarded a 2022 Schwarzman Scholarship. The Schwarzman Scholars program is designed to build a global community of young leaders who will serve to deepen understanding between China and the rest of the world. Cauvi and the other 2022 recipients will begin a one-year, fully-funded master's program at Tsinghua University in Beijing next August.
MIT News: A better kind of cybersecurity strategy
MIT News: A better kind of cybersecurity strategy
MIT News features Professor Alexander Wolitzky's research on deterrence when attacks cannot be perfectly attributed to attackers, as applied to cybersecurity. "Deterrence with Imperfect Attribution," recently published in American Political Science Review, examines scenarios in which countries are aware of cyberattacks against them but lack full information about the attackers. Wolitzky and his co-authors determine that cyberdeterrence requires a markedly different approach than conventional or nuclear deterrence, and suggest that a strategic and well-informed use of selective retaliation is more effective than retaliating too quickly or too often on the basis of limited information.
Senior Marla Evelyn Odell awarded Marshall Scholarship
Senior Marla Evelyn Odell awarded Marshall Scholarship
Computer Science, Economics, and Data Science major Marla Evelyn Odell has been named a 2021 Marshall Scholar. The scholarship, funded by the British government, gives exceptional American students the opportunity to pursue two years of advanced study at any university in the U.K. Odell is a widely accomplished student, mentor, and athlete, whose achievements include establishing the MIT Science Policy Review, founding MIT's Women in Electrical Engineering and Computer Science group, rowing for MIT's Division I crew team, and serving as a managing director for Amphibious Achievement, a rowing-academic mentorship program for high school students. Odell will be pursuing a MASt in mathematical statistics at Cambridge University and an MS in the social science of the internet at Oxford University.
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