About The Department

News Archive

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		Parag Pathak receives the John Bates Clark Medal at the 2019 AEA Meetings Parag Pathak received the John Bates Clark Medal at the American Economic Association (AEA) meeting in Atlanta in early January. This honors the American economist under the age of 40 who has made the most significant contribution to economic thought and knowledge. The award was presented by AEA President Ben Bernanke (PhD '79).

		20th Anniversary of the Euro: The Past and the Future - Panel on January 17th Daron Acemoglu of MIT, George Alogoskoufis of Tufts, Olivier Blanchard of Peterson Institute and MIT, and Jeffrey Frankel of Harvard to serve on an MIT Economics Panel during IAP 2019. Hear them speak on Thursday, January 17 from 11:30 - 1:00pm in room E51-345.

		David Autor presenting the Richard T. Ely lecture David Autor presented the annual Richard T. Ely lecture at the 2019 American Economic Association meetings, held in Atlanta in early January. His talk, "Work of the Past, Work of the Future," analyzed how the decline of both manufacturing production and office administrative work in urban areas has limited the opportunities for non-college workers, eroded the robust wage premium that they formerly earned in urban labor markets, and heightened the economic challenges for U.S. workers who do not hold a college degree. See link for lecture: https://www.aeaweb.org/webcasts/2019/aea-ely-lecture-work-of-the-past-work-of-the-future

		Dr. Hal Varian '69, Google Chief Economist delivers UEA lecture Hal Varian '69, one of the pioneers in the field of information economics, delivered the Fall 2018 Undergraduate Economics (UEA) Lecture on December 5. He spoke on "Economics and Data Science," explaining how economic analysis was an increasingly important source of conceptual frameworks that guide data analysis in both digital and traditional businesses, and how data science was making it possible for economists to study exciting new questions. He also met informally with a number of UEA members.

		Alex Wolitzky publishes new paper re-evaluating the notion that data-sharing helps cartels A newly published paper co-authored by MIT Associate Professor Alex Wolitzky and Associate Professor Takuo Sugaya of Stanford - "Maintaining Privacy in Cartels" - appears in the December issue of the Journal of Political Economy. The paper suggests that not only can firms collude without sharing information extensively, but less data-sharing can actually lead to more collusion. Link to another MIT News article featuring Alex Wolitzky: http://news.mit.edu/2018/game-theory-politics-alexander-wolitzky-1204

		The Economist names Parag Pathak and Heidi Williams among "the decade's eight best young economists" The magazine applauds Pathak for his "question-driven, issues-first approach" to improved school choice algorithms and school effectiveness. Williams is lauded for her pursuit of a "more rigorous understanding of technological progress in medicine and health care." Five of the eight economists mentioned hold MIT PhDs.

		MIT Economics faculty convene summit to explore school effectiveness Education leaders and scholars from across the country attended the MIT School Access and Quality Summit on November 13, 2018, sponsored by the School Effectiveness and Inequality Initiative (SEII) and the MIT Integrated Learning Initiative (MITili). The conference convened researchers, practitioners, and policymakers to explore school enrollment strategies that increase access and generate data to measure, plan, and improve school effectiveness.

		Featured: Alex Wolitzky uses game theory to model institutions, networks, and social dynamics Associate Professor Alex Wolitzky deploys game theory, the study of strategic interactions between decision-makers, to explain observed behavior across a range of political and social institutions. In a 2014 article co-authored with Daron Acemoglu,"Cycles of Conflict: An Economic Model," Prof. Wolitzky models how a spiral of aggression unwinds when one or both sides learn that the aggression was unnecessary. Prof. Wolitzky plans to continue to study the intersection of game theory and modeling large-scale events, as well as share his passion with students by teaching 14.18 (Mathematical Economic Modeling).

		UEA Lecture: "Economics and Data Science" Chief Economics of Google, Hal Varian, gave a lecture on Wednesday, December 5th in building 6-120. Hal Varian presented the ways in which the large data sets that are increasingly available in the digital economy are creating new opportunities for economic research, and how economic analysis is playing a key role in shaping the field of data science.

		6-14 major Divya Goel discusses her SuperUROP project Video shot and produced by Lillie Paquette highlights a senior named Divya Goel who is studying Computer Science, Economics and Data Science (Course 6-14). Divya speaks about her experience in the SuperUROP program, working with Professor Kim of Political Science and IDSS, on a database called LobbyView that showcases the links between firm-level lobbying and campaign contributions in the American political system.

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