Robert C. Merton , winner of the 1997 Nobel Prize in economics, said he will rejoin the faculty of the Massachusetts of Institute of Technology’s Sloan School of Management to focus on training students in quantitative finance.
Americans throw out almost a third of their food annually—the equivalent of more than $160 billion—while almost 15 percent of U.S. households struggle to put enough food on the table. Add to this the continuing depletion of our limited natural resources for fuel and fertilizer, and what you have is a business opportunity to redirect landfill-bound waste to people in need and to businesses that can do something productive with it.
As Federal Reserve Chairman Ben S. Bernanke shuts the door to his office for a final time in two days, he can say he took actions that were the first or the biggest of their kind in the central bank’s 100-year history. Some will probably also be the last.
In October 2001, Stanley Fischer traveled to the London School of Economics to speak on the lessons of his seven years battling turmoil in emerging markets as the International Monetary Fund’s No. 2 official.
In 2013, a graduate student discovered a flaw in a spreadsheet, renewing the debate about austerity and debt. Emerging economies tanked, and Bitcoin boomed. In the U.S., unemployment fell and the Federal Reserve started to scale back its bond-buying program. Research focused on inequality and jobs gap between the highly skilled and everyone else. The Affordable Care Act began.
June 28 (Bloomberg) -- MIT Sloan School of Management Professors and authors of the Book "Race Against the Machine" Erik Brynjolfsson and Andrew McAfee talk with Matt Miller about the digitization of the economy and how robots are replacing humans in the workforce at a rate never seen before. (Source: Bloomberg)