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Weekly links September 24: problems with excessive aspirations, gorillas in the midst of data, VR for green WTP, and more….

Weekly links September 24: problems with excessive aspirations, gorillas in the midst of data, VR for green WTP, and more….
worldbank.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldbank.org Daily Mail and Mail on Sunday newspapers.

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Reconsidering the "Washington Consensus"

Reconsidering the "Washington Consensus"
bbntimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbntimes.com Daily Mail and Mail on Sunday newspapers.

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The Dual-sector Model of Arthur Lewis : The Indicator from Planet Money : NPR

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The late economist Arthur Lewis had a reputation as a very kind, principled, quiet and contemplative thinker. And in August of 1952, he was strolling down a road in Bangkok, Thailand when suddenly he had a flash of insight about a problem that had been baffling him.
Lewis observed that when the economy of a poor country starts growing faster, the new businesses in that country make a lot of money, and they do hire a lot of workers, but it takes a long time before the wages that those businesses pay to workers also start going up. That was the puzzle that Arthur Lewis solved. ....

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Powell stresses commitment to full employment and low rates despite improvements

Powell stresses commitment to full employment and low rates despite improvements
chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.

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Why are there so few black economists at the Fed?

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WASHINGTON J. Monroe Gamble IV was the first Black research assistant to work at the Federal Reserve Bank of San Francisco. He started in 2018.
That one data point speaks to a broader reality: Even as America’s central bank dedicates research and attention to racial economic outcomes and publicly champions inclusion, it has had a poor record of building a workforce that looks like the population it is meant to serve.
Many parts of the Fed system, which includes the Federal Reserve Board in Washington and 12 regional banks, began to concentrate more intently on diversifying their heavily white economics staffs only within the past decade, prompted in part by the 2010 Dodd Frank Act, which pushed the board to hire more broadly. When it comes to employing Black economists in particular, the central bank still falls short. ....

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