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Kenneth Rogoff
Filter: Category: ECONOMICS
  • ECONOMICS

    Diane Coyle, "Three Cheers for Regulation"

    Project Syndicate - 17 Jul 2018

    For some years now, the Monthly Barometer has been arguing that more regulation is coming. This short article makes our case by explaining in simple terms why contrary to the simplistic view that regulation is inevitably bad for business, there are three important channels through which it can benefit an economy: (1) its market-creating and market-growing role; (2) its ability to enable competition (counter-intuitive but often true); (3) its ability to protect consumers. The question is not whether regulation is good or bad, but whether it is well or badly designed (reads in 7-9 min).

    Published in Weekly selection 20 July 2018

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  • ECONOMICS, PSYCHOLOGY, Wellbeing

    Charlotte Graham-McLay, "A 4-Day Workweek? A Test Run Shows a Surprising Result"

    The New York Times - metered paywall - 19 Jul 2018

    This is an interesting example of how working less may lead to higher productivity. A New Zealand financial firm that let its employees work four days a week while being paid for five says the experiment was so successful that it hoped to make the change permanent. The conclusion: “Supervisors said staff were more creative, their attendance was better, they were on time, and they didn’t leave early or take long breaks.” Not rocket science, but it works! (reads in 6-7 min).

    Published in Weekly selection 20 July 2018

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  • ECONOMICS, Investing

    Jonathan Gitlin, "The downfall of Theranos, from the journalist who made it happen"

    ArsTechnica - 15 Jul 2018

    Once in a while, a scandal emerges, revealing in its wake the incredible gullibility of some famous decision-makers. The rise and fall of Theranos (a Silicon Valley’s start-up valued at $9 billion before the whole endeavor was revealed to be just smoke and mirrors) offers such an example. This short article (reads in 4-5 min) is about “Bad Blood” – the book that the journalist John Carreyrou wrote. Its revelations about the chaos and conniving behind the scenes read like a detective story.

    Published in Weekly selection 20 July 2018

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