Economics
Harvard Economist Ludwig Straub Wins 2026 John Bates Clark Medal
Harvard Economics professor Ludwig Straub thought he had missed a spam call. Instead, it was the American Economic Association informing him that he had been awarded the 2026 John Bates Clark Medal — one of the most prestigious honors in economics.
Pritzker Hall Still Nearly $40 Million Short of Fundraising Goal as Construction Continues
Fundraising for Pritzker Hall — the under-construction home of Harvard’s Economics department — remains nearly $40 million short of its original target, according to an internal Alumni Affairs & Development slide deck obtained by The Crimson.
Will the AI Bubble Burst? Harvard Faculty Weigh In
Three Harvard faculty said they think fears that an artificial intelligence bubble will burst — leading stock prices to collapse in the wake of soaring investments into AI companies — are overblown and a recession is unlikely.
American Economic Association Imposes Lifetime Membership Ban on Summers Over Epstein Revelations
The American Economic Association banned former Harvard President Lawrence H. Summers from membership for life on Tuesday, describing his conduct as “fundamentally inconsistent with its standards of professional integrity and with the trust placed in mentors within the economics profession.”
‘He Should Resign’: Harvard Undergrads Take Hard Line Against Summers Over Epstein Scandal
Harvard students decried former University President Lawrence H. Summers’ relationship with convicted sex offender Jeffrey E. Epstein, with some calling for his resignation after documents released last week showed the two maintained a close correspondence until Epstein’s final arrest in July 2019.
Trump Orders Justice Dept. To Investigate Ties Between Epstein, Summers
The Justice Department asked a federal prosecutor on Friday to investigate ties between child sex trafficker Jeffrey E. Epstein and a list of prominent figures including Harvard professor Lawrence H. Summers.
The Former Harvard Professor Who Won This Year’s Nobel Prize in Economics
Former Harvard Economics professor Philippe M. Aghion won the Nobel Prize in Economics for his research on economic growth and innovation, the Royal Swedish Academy of Sciences announced on Oct. 13.
Former Commerce Secretary Raimondo Says Trump’s Disinvestment in Science Is a National Security Risk
Former Secretary of Commerce Gina M. Raimondo ’93 criticized the federal government for allowing foreign countries to surpass the United States in cutting-edge industries, like semiconductor manufacturing and biotechnology, at an Institute of Politics forum on Tuesday night.
Former FTC Chair Lina Khan Urges Democrats to Rethink Federal Agency Function at IOP Forum
Lina Khan, the former chair of the Federal Trade Commission, said Democrats must respond to Department of Government Efficiency-led cutbacks with a new vision for effective federal agencies in a lecture at the Institute of Politics on Thursday night.
Construction Underway for Economics Department’s Pritzker Hall
Professors in the department said they hope the new space, which is expected to open in December 2027, will provide a much needed upgrade and allow more collaboration between students and professors.
Harvard Faculty Say Shutdown Could Erode Trust in Government
Congressional Democrats and Republicans are in a healthcare standoff, disputing over whether the Affordable Care Act’s subsidies should last into 2026. Experts said the loss of services that result from the shutdown will have an impact on American’s daily lives.
Former Senator Phil Gramm Slams Trump’s Economic Policy At HKS Talk
Former United States Senator Phil Gramm condemned the Trump administration’s economic policy and efforts to take equity stakes in private companies at a Harvard Kennedy School talk on Tuesday afternoon.
Top Harvard Economists Urge Supreme Court to Block Trump from Firing Fed Governor Lisa Cook
Nine Harvard economists called on the Supreme Court to stop President Donald Trump from dismissing Federal Reserve Board Governor Lisa Cook in a brief filed Thursday.
Harvard Economists Warn of Risks from Trump’s Economic Policies
Leading Harvard economist Jason Furman ’92 said he is concerned that the Trump administration’s attempts to influence the Federal Reserve could harm the U.S. economy beyond the next four years.
Prominent Harvard Affiliates Sent Birthday Letters to Jeffrey Epstein, WSJ Reports
Several high-profile Harvard affiliates were among those who sent birthday letters, some with sexually suggestive messages, to disgraced billionaire and sex offender Jeffrey E. Epstein in 2003, according to the Wall Street Journal.
Harvard Social Science Dean Lawrence Bobo Steps Down, Will Be Replaced by Economist David Cutler
Harvard Dean of Social Science Lawrence D. Bobo will step down from his position and take a sabbatical for the 2025-26 academic year. He will be replaced by interim Social Science dean David M. Cutler for the next two years.
Young Americans Oppose Trump, Report Economic Hardship in New IOP Poll
A new Institute of Politics poll finds that the Trump administration's policies are deeply unpopular among young people.
Trump Tariffs Mean Chaos for Consumers, HBS Professors Say
Two Harvard Business School professors and economics experts said President Donald Trump’s drastic tariff increases earlier this month will face rocky implementation and are a bad omen for U.S. businesses of many sizes.
African Leaders Call for Action on Trade and Accountability at IOP Forum
Two prominent African leaders said the Trump Administration’s tariffs will diminish U.S. influence and weaken diplomatic relations with African countries during a Friday Institute of Politics forum, just under a week after Trump’s 10 percent tariffs took effect.
Researchers Lose Federal Funding at Cambridge-Based National Bureau of Economic Research
Ari Ne’eman, an assistant professor at Harvard’s School of Public Health, had been studying disability income and employment for five months before his funding through the National Bureau of Economic Research was cut by the Trump administration.
‘Inconsistent with Basic Economics’: Harvard Economics Baffled by Trump’s Tariff Policy
After more than a week of escalating tariffs on the United States’ closest allies and adversaries alike, Harvard economists warned that President Donald Trump’s economic policy would plunge the country into a recession.
Harvard Launches ‘Impact Labs’ To Fund Social Scientists Who Partner With Outside Organizations
Harvard will pilot a program — named Harvard Impact Labs — to fund collaboration between social scientists and leaders in the public and private sectors.
Foreign Affairs Experts Debate Impact of USAID Cuts at Harvard IOP Forum
Harvard's Institute of Politics hosted a panel Tuesday evening on the future of foreign aid following the Trump administration’s plans to eliminate more than 90 percent of the contracts for the United States International Agency for Development.
World Bank President Ajay Banga Talks Jobs and Development at IOP Forum
World Bank President Ajay S. Banga said global development initiatives must prioritize job creation at a Harvard Institute of Politics Forum on Monday.
Nobel Laureate Claudia Goldin Warns of Federal Data Misuse at IOP Forum
Nobel laureate and Harvard Economics professor Claudia D. Goldin raised concerns about the Trump Administration’s “misuse” and removal of government data at an Institute of Politics forum Tuesday, warning of dire consequences for researchers and policymakers.
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