Pizza and Conversation with James Heckman | Becker Friedman Institute
James J. Heckman, the Henry Schultz Distinguished Service Professor in Economics, is known for both his theoretical work and empirical research. In this Friedman Forum, he discusses an economist’s tools and approach, and shows how they can be applied to address serious policy issues. This video is part of our Economics Amplified podcast series, which can be found on YouTube, iTunes, and MindOnline
Next Steps for the Fiscal Theory of the Price Level | BFI
Can Interest Groups Influence Elections? Evidence from Unions in Great Britain 1900-2019 Unions sponsor electoral candidates around the world, yet little is known about the consequences of these arrangements. I study how union sponsorship affected the electoral prospect of British parliamentary candidates throughout the 20th century. I collect new data on the...
Machine Learning: What’s in it for Economics? | BFI
Standard rational learning models with information frictions can explain consumers’ heterogeneous macroeconomic beliefs but not their systematic bias. Using novel data on 47,000 consumers across 47 countries representing 90% of global GDP, we document novel facts that can inspire realistic... We quantify the U.S. corporate sector’s carbon externality by computing the sector’s “carbon burden”—the p
Becker Friedman Institute for Economics at University of Chicago — Frontier Research, Global Impact. | BFI
Standard rational learning models with information frictions can explain consumers’ heterogeneous macroeconomic beliefs but not their systematic bias. Using novel data on 47,000 consumers across 47 countries representing 90% of global GDP, we document novel facts that can inspire realistic... We quantify the U.S. corporate sector’s carbon externality by computing the sector’s “carbon burden”—the p
Faculty Spotlight: Erik Hurst | Becker Friedman Institute
The London School of Economics (LSE) is hosting me while I work on my summer research and give talks throughout the region. I have presented my work at LSE, the University College of London, Oxford, and Essex. At the latter three, I presented my paper, "The Allocation of Talent and Economic Growth," which details the large gains, in terms of GDP growth in the US, that occurred because of declining
A Celebration of the Life and Work of Gary S. Becker | Becker Friedman Institute
This conference paid tribute to the extraordinary scholarship and impact of Gary S. Becker, AM’53, PhD’55, University Professor of Economics and Sociology at the University of Chicago. Becker pioneered study in the fields of human capital, economics of the family, and economic analysis of crime, discrimination, addiction, and the relationship between law and economics. He won the Nobel Memorial Pr
Flows of Goods and Technologies in the Global Economy | Becker Friedman Institute
The last decades have produced a striking growth in developing countries, coinciding with these countries opening up to trade. What are the expansion strategies of firms and how do they affect technology transmission across countries? Exploring this question and others, this conference brought together two lines of research: the analysis of the flows of goods (firm-to-firm trade and global sourcin
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https://bfi.uchicago.edu/sites/default/files/file_uploads/Lucas_beckersl.pdf