Economics News

“For more than 90 years, the way forward for our country has come from the prestigious Maxwell School of Citizenship and Public Affairs, and it has been embodied by Syracuse University professors," said civil rights lawyer Vernon E. Jordan Jr., in his Commencement Address at the Syracuse University All University Commencement.

Amy Ellen Schwartz, professor of economics and public administration and international affairs, says we need to have all of the "other stuff" such as school lunch, school buses, school facilities, and after school lined up to help make kids productive, successful people.

"The solution to our jobs problem is not trade protection but social protection and subsidised higher education," writes Devashish Mitra, professor of economics.

The best case scenario for the long-term effects of demonetisation, therefore, is that there is no effect at all," writes Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs.

A research paper by Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, found that “temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry.”

Gary Engelhardt, professor of economics, and his team's research concluded that people who continued to work past retirement age enjoyed an increase in the size of their networks of family and friends of 25 percent. The social networks of retired people, on the other hand, shrank during the five-year period.

Chris Meek '92 B.A. (PSc/Econ) is the co-founder and Chairman of SoldierStrong, an organization that provides state-of-the-art medical devices and scholarships to troops and returning veterans. 

“The problem of low-wage workers is real,” says Professor of Economics Don Dutkowsky. “It’s a trap for them. These jobs are precious to people, but they may not pay the best and moving around is not easy.”

Don Dutkowsky, professor of economics, offers advice on improving credit by using credit cards for bad credit and how to decide between a secured and an unsecured credit card in WalletHub.

“The transportation funds can (not only) get the personnel coming down here, but visitors,” Michael Wasylenko, professor of economics, said. “It would have a very good economic impact for us as a region.” 

Don Dutkowsky, professor of economics, notes that doctorates in economics have thrived due to the expansive job market available in economics both inside and outside of academia. Alfonso Flores-Lagunes, professor of economics, adds that an increase in economic majors has yielded a higher demand for economics instructors, opening up doors for economics doctorates where they are closing in other fields of study.