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Paul A. Volcker ’49, Former Federal Reserve Chairman, Dies at 92

Paul A. Volcker ’49, a formidable force in U.S. government who led the Federal Reserve to quell inflation in the late 1970s and early 80s, died on…

Politics & Polls #157: How Economists Attained Power in the Modern Era Featuring Binyamin Appelbaum

Economists shape conversations on topics ranging from business to politics, and their influence is widely felt; the Federal Reserve, trade…

Starbucks coffee

New Industrial Revolution Sparked by Technology Gives Power to Service, Retail, Wholesale Industries

The United States is experiencing a new type of industrial revolution, one in which businesses outside of manufacturing are harnessing the power of…

Politics & Polls #147: Reagan’s Tax Cut Revolution Featuring Monica Prasad

In the 1980s, supply-side economics became a rallying cry of conservative politicians. This macroeconomic theory posits that lower taxes and…

‘Working Rich’ Prevail Among Today’s Top Earners

Many blame idle millionaires for the rise in income inequality, but today’s top earners are actually the “working rich,” according to a new working…

Moll Receives 2017 Bernácer Prize

Politics & Polls #108: How Money Restricts Access to Political Office

Working-class citizens have been historically underrepresented in American politics.In this episode, Julian Zelizer and Sam Wang discuss the…

Q&A: EuroTragedy: A Drama in Nine Acts

In his new book, “EuroTragedy: A Drama in Nine Acts,” Ashoka Mody offers a historical narrative of how European leaders decided to adopt the euro as…

Great Recession Still Plagues Workers with Lower Lifetime Wages

Losing a job often leads to lower earnings that stretch long beyond the time of unemployment. Yet it’s hard to know exactly what causes these lower…

The One Percent by Gordon Lafer book cover

Politics & Polls #80: Are Corporations Remaking America?

The recently passed tax bill included a sizable tax break for many American corporations, slashed from 35 percent to 21 percent. While the tax cuts…

In India, Subtle Corruption Robs Villagers of Roads

Examining a major road-building program in India, researchers at Princeton University and the Paris School of Economics used an innovative technique…

Booms & Busts: How the 1980s Could’ve Predicted the Great Recession

Many argue the Great Recession could have been ameliorated through strategic policies, but the government ignored warning signs of coming economic…

Boost in Collateral, Rather Than “Feeling Richer,” Drives Consumers to Borrow as Home Prices Rise

When home prices rise, households tend to borrow and spend more. But economists have had trouble identifying exactly what causes that relationship…

WWS Reacts: Trump’s Tax Proposal

President Donald Trump released a nine-page outline of a tax plan last week, which included proposed tax cuts for corporations and individuals.

Balance Forgiveness Programs More Effective at Reducing Credit Card Debt Than Lowering Monthly Minimum Payments

According to data recently released by the Federal Reserve, the amount of outstanding debt that Americans hold — often in the form of credit card…

Felten, Krueger Join Rework America Task Force

Princeton professors Edward Felten and Alan Krueger will serve on a new task force aimed at transforming America’s labor market to a 21st century,…

Exposure to Violence Hinders Short-Term Memory, Cognitive Control

Being exposed to and actively remembering violent episodes — even those that happened up to a decade before — hinders short-term memory and cognitive…

Research

Revitalizing Detroit Requires Development of Specific Neighborhoods

Despite the relatively large number of employees working in downtown Detroit, the city continues to be afflicted by urban blight, surrounded by a…

Deaton Testifies Before U.S. Senate on America’s Deadly Opioid Epidemic

Testifying before a Joint Economic Committee hearing in the U.S. Senate on June 8, Sir Angus Deaton, Dwight D.

Politics & Polls #42: Where Are All the Jobs?

In his campaign promise to make America great again, President Donald Trump vowed to “bring jobs back to America” and revitalize the labor industry…

WWS Reacts: Trump’s Tax Cut Plan

President Donald Trump announced an outline of his new tax plan this week, proposing sharp reductions in individual and business income tax rates and…

Trust in Local Community Leads to Better Long-Term Decisions Among the Poor

Would you rather receive $100 today or $125 in three months? Recent studies show those at the lowest income levels typically choose the $100 now,…

WWS Reacts: Looking Back and Forward from the Fed's Rate Increase

The Federal Reserve raised interest rates from record lows on Dec. 16, beginning what many expect to be a period of further increases. The change…

WWS Reacts: Looking Back and Forward from the Fed's Rate Increase

The Federal Reserve raised interest rates from record lows on Dec. 16, beginning what many expect to be a period of further increases. The change…

“Impassioned Debate” Results in Noteworthy Journal

While producing the annual Journal of Public and International Affairs (JPIA) is no small task, a review of this year’s 26th edition clearly reveals…