How Chinese Economic Growth Relates to Restaurants and Pilots

China might not fuel world economic growth if instead of a 7 percent real GDP growth rate forecast, we use a regression to the mean of 3.9 percent.

Should We Miss Larry Summers?

As you know, Larry Summers, chair of the National Economic Council, former president of Harvard, former Treasury Secretary, former chief economist at the World Bank, and Harvard professor, is leaving the Obama economic team. But what did he bring? You…

Paul Samuelson’s Nephew

During a recent interview, Larry Summers, Director of President Obama’s National Economic Council, (former economics professor, president of Harvard, Secretary of the Treasury) spoke about his family. His mother’s brother (Kenneth Arrow) and his father’s brother (Paul Samuelson) were Nobel…