Spilled milk explains why we have economic downturns

New research connects economics and physics to get at why we have regular economic downturns—and how they're a lot like milk spilling on the floor.

Duke University
March 25, 2020 | futurity

~5 mins   

Tags: science-and-technology economics milk money physics

A business edge that comes with age

Economist Pierre Azoulay answers three questions about his finding that middle-aged entrepreneurs fare better than twentysomethings.

Peter Dizikes | MIT News Office
March 19, 2020 | mit

~4 mins   

Tags: sloan-school-of-management business-and-management entrepreneurship economics research faculty 3-questions

The digital divide leaves millions at a disadvantage during the coronavirus pandemic

The COVID-19 pandemic is forcing people to study and work online. It's also sparked a need for news and information. That's a challenge for the 24 million Americans who lack broadband internet access.

Gregory Porumbescu, Assistant Professor at the School of Public Affairs and Administration, Rutgers University Newark
March 18, 2020 | conversation

~3 mins   

Tags: internet poverty inequality pandemic broadband online-education digital-divide coronavirus socioeconomics fcc telecommuting covid-19 social-distancing-and-coronavirus social-distancing

When safety measures lead to riskier behavior by more people

Behavioral economists explain how widespread use of face masks, hand sanitizer and other preventive measures could counterintuitively encourage riskier behaviors around coronavirus.

Konrad Grabiszewski, Associate Professor of Economics, Prince Mohammad Bin Salman College (MBSC) of Business & Entrepreneurship
March 11, 2020 | conversation

~6 mins   

Tags: safety risk risk-taking coronavirus behavioral-economics behavioral-science trade-offs covid-19 sars-cov-2

Moving beyond “defensive medicine”

Study shows removing liability concerns slightly increases C-section procedures during childbirth.

Peter Dizikes | MIT News Office
March 11, 2020 | mit

~6 mins   

Tags: economics health-care medicine research school-of-humanities-arts-and-social-science

Why are workers getting smaller pieces of the pie?

Market concentration in the form of “superstar” firms has been lowering labor’s share of GDP in recent decades, a new study finds.

Peter Dizikes | MIT News Office
March 10, 2020 | mit

~9 mins   

Tags: social-sciences economics business-and-management research national-science-foundation-nsf sloan-school-of-management school-of-humanities-arts-and-social-sciences

The case for economics — by the numbers

A multidecade study shows economics increasingly overlaps with other disciplines, and has become more empirical in nature.

Peter Dizikes | MIT News Office
March 3, 2020 | mit

~10 mins   

Tags: economics sloan-school-of-management school-of-humanities-arts-and-social-sciences research history-of-science social-sciences

Tropical nations aren’t ready for fish stocks to vanish

As climate change drives huge changes in fish stocks around the world, the nations that rely on them could be in serious trouble.

Harrison Tasoff-UC Santa Barbara
Feb. 25, 2020 | futurity

~7 mins   

Tags: earth-and-environment climate-change economics fish fisheries north-africa oceans sustainability

The trouble with round numbers

Study shows people prefer monthly payments in multiples of $100, even when it may cost them money.

Peter Dizikes | MIT News Office
Feb. 20, 2020 | mit

~7 mins   

Tags: behavioral-economics finance research economics sloan-school-of-management

Extreme weather could push the U.S. into recession

Financial markets aren't taking into account the effects extreme weather and climate change could have on the future of the economy, a researcher warns.

Karen Nikos-UC Davis
Feb. 18, 2020 | futurity

~4 mins   

Tags: earth-and-environment society-and-culture climate-change economics money natural-disasters weather

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