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Note: This is part 2 of a 2 part series. Read Brian’s first post here. Photo credit: Michael S. Williamson (source here). BY BRIAN CHIGLINSKY Yesterday, we introduced the concept of the Great Decoupling – the idea that middle class income growth is no longer connected to the growth of the broader American economy. Today, we look […]
Note: This post is part 1 of a 2 part series. Part 2 will be available on Friday, October 18. BY BRIAN CHIGLINSKY It sounded like a fantasy novel. In the heyday of furniture manufacturing, she said, a high school student could drop out, walk out of his schoolhouse, down the road by the river […]
BY JAMES WALSH One of the painful lessons of the Great Recession has been that markets do not operate in a vacuum. They are influenced by a variety of external factors, including socioeconomic dynamics, norms of behavior, and institutions. Conversely, the market also has the capacity to shape our politics and society by creating and […]
By William Werkmeister This article was originally published in the 2012 edition of the Kennedy School Review. Entering 2012, the world finds itself in a precarious financial position. In January of this year, the World Bank released its new economic outlook, warning of a global, double-dip recession. “An escalation of the crisis would spare no […]
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