What can we learn from the mistakes leading up to the financial crisis? In this New York Times op-ed, Al Gore and David Blood discuss how our current system of capitalism contributed to the crises and discuss what can be done to improve the system. Citing “Identity Economics,” the authors suggest that it is important [...]
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“It is time to treat Wall Street like Main Street”
In their Financial Times editorial, George and Rachel argue for the need to change the money culture of Wall Street: “Identity economics gives us a new way to think about work and rewards. The incentive should not be to manipulate the system, but to live up to responsibilities: to pilot the plane; to storm the [...]
David Brooks on taking economics in a new direction
Taking the position of an informed outsider, David Brooks argues that economics must adopt a more comprehensive view of human behavior. He writes that: “…the field seems to be moving in a humanist direction. Many economists are now trying to absorb lessons learned by psychologists, neuroscientists and sociologists. They’re producing books with titles like “Animal [...]
George and Rachel for Project Syndicate
Project Syndicate, an organization that gathers commentaries on time-relevant topics from prominent leaders and opinion makers, asked George and Rachel to do a piece on identity economics. An excerpt: “As economists and policymakers, we could be content to continue looking only at prices and income and related statistics to explain people’s decisions. In some circumstances, [...]
