Economic News
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| NEW Economics Courses Offered |
Offered Spring 2010 - Economics 798 |
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| An economics of magical thinking |
By Roman Frydman and Michael D. Goldberg - Confidence seems to be returning to markets almost everywhere, but the debates about what caused the worst crisis since the Great Depression show no sign of letting up. Instead, the spotlight has shifted from bankers, financial engineers and regulators to economists and their theories. This is not a moment too soon. |
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| Back-to-school tips: Parental involvement key to high performance |
School spending would have to increase by $1,000 per pupil to achieve the same results that are gained with parental involvement, according to a University of New Hampshire 2008 study of more than 10,000 eighthgraders. |
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| UNH Professor: Taxing Land Instead of Buildings - A Better Property Tax |
UNH Professor: Taxing Land Instead of Buildings - A Better Property Tax Original Publication Date: 06/18/2009UNH Media Relations - The land value tax, an increased tax rate on land and a reduced tax rate on buildings and improvements, can spur urban development and help contain sprawl, but its implementation has been sporadic, according to a new book co-edited by University of New Hampshire Professor Richard England. |
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| Land value taxation examined in new book co-edited by UNH professor |
The land value tax, an increased tax rate on land and a reduced tax rate on buildings and improvements, can spur urban development and help contain sprawl, but its implementation has been sporadic, according to a new book co-edited by University of New Hampshire Professor Richard England. |
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| UNH Graduate Students Pitch in on State Budget Analysis |
UNH Graduate Students Pitch in on State Budget Analysis Original Publication Date: 07/14/2009 |
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| UNH Professor: Taxing Land Instead of Buildings - A Better Property Tax |
UNH Media Relations - The land value tax, an increased tax rate on land and a reduced tax rate on buildings and improvements, can spur urban development and help contain sprawl, but its implementation has been sporadic, according to a new book co-edited by University of New Hampshire Professor Richard England. |
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| Henniker student tells all about his award-winning essay |
Concord Monitor - Devin Bates, of Henniker, is a little richer and a lot smarter thanks to an essay that won an award at the University of New Hampshire earlier this spring. His piece, titled "Is there an upside to poverty?", was one of three student works honored as an outstanding essay on poverty and opportunity. |
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| American Economic Association reports on What careers follow the economics baccalaureate? |
American Economic Association - What careers follow the economics baccalaureate? Economics majors are successful in a wide variety of careers. Although various roles in businesses are most common, economics majors are successful in law, medicine, government, non-profits, and international relations, as well as in academic roles. |
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| Residents take shots at 'NH advantage' |
Seacoastonline.com - Residents took shots at the "New Hampshire advantage" and discussed possible approaches to creating a system that lowers local property taxes Thursday at a forum hosted by the Hampton Democratic Committee... Forum participants were Richard England, Robert Mohr and Neil Niman, professors of economics at the University of New Hampshire. They were joined by Alexander Lee and Mark Fernald of the Granite State Fair Tax Coalition. |
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| Experiencing a trans-Atlantic version of the U.S. election |
UNH CIE Newsletter, by Sid Prabhakar ‘10 - Economics major Siddharth Prabhakar from Bedford, NH, is spending the year studying at the London School of Economics. About half way through the month of October, just a few short weeks after arriving in London, I checked my mail and saw, to my great surprise, a letter from the State of New Hampshire. I rushed back to my room and opened the envelope to find the greatest piece of mail I've received all year: My presidential absentee ballot. |
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| Under The Spell Of Voodoo Economics |
NPR.org - For the past four decades, says Michael Goldberg, an economics professor at the University of New Hampshire and author of Imperfect Knowledge Economics: Exchange Rates and Risk, many economic theorists have developed models that presume that economic outcomes unfold according to steadfast rules.
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| Gold Rush mentality contributed to crisis |
Foster's Daily Democrat, by Jim Wible - Will the subprime mortgage crisis be blamed for the severity of the current economic situation? This may appear obvious to everyone. But such blame would be a fundamental change in our view of how financial markets function within capitalism. |
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| Time to ditch your DVDs? Alternative delivery catches on for movies, TV |
Fosters Daily Democrat - New technology has more people using cable boxes, computers and even video game systems to watch their favorite television shows and movies, and the trend is sidelining formats like DVDs...Neil Niman, a University of New Hampshire associate professor of economics, believes the burgeoning technology will render discs obsolete - eventually. |
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| ‘Angel' Investors in Limbo |
Valley News - The number of deals done last year in New Hampshire dropped a modest 2.6 percent from 2007, but the amount of money invested dropped by 26 percent -- nearly $7 billion -- to $19.2 billion, according to the Center for Venture Research at University of New Hampshire's Whittemore School of Business. No comparable study is available for Vermont, though the center's director, Jeffrey Sohl, said New Hampshire is a good indicator of investment activity throughout New England. |
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| America’s Imperial Wars: We Need to See the Horrors |
CommonDreams.org - For some real information on the horror that is being perpetrated on one of the poorest countries in the world by the greatest military power the world has ever known, check out the excellent work by Professor Marc Herold at the University of New Hampshire (http://cursor.org/stories/civilian_deaths.htm and
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| 10th UNH Undergraduate Research Conference Features More Than 850 Students |
UNH Media Relations - In 2008, UNH's Whittemore School of Business and Economics had so many students presenting their research (more than 100) that the school will have its own daylong symposium within the URC 2009. |
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| ‘Zombie’ banks a symptom of our times |
NHBR.com, by Jim Wible - "What's a zombie bank?" That's a question I heard a commentator on a prominent news network ask recently. The general topic was what the federal government would do with Citigroup.
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| For fairness's sake, tax estates, capital gains |
Concord Monitor - First, New Hampshire did tax the estates of all residents who died prior to Jan. 1, 2003, long after the state began attracting well-off retirees. Second, we can look to the work of Karen Conway, a University of New Hampshire economics professor who has studied the issue for 10 years and laid out her findings in the Sunday Monitor.
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| Tax won't drive people away - Why do retirees move? Alas, it's not so simple |
Concord Monitor, By Karen Conway - The argument made in a recent "My Turn" column - that an estate tax will cause people to move out of state - makes a good deal of sense ("This tax plan hurts the rich - and the state" Sunday Monitor Viewpoints, March 29). In fact, it was this common-sense appeal that led me to begin researching the effects of tax policy on interstate migration more than 10 years ago. |
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| Tough call in tough times: Should a person spend or save? |
The Keene Sentinel - There is a paradox at the core of this recession, one that thrives amid the panic and uncertainty plaguing today's financial market: Should consumers spend or save? "There's no easy answer to that question," said Richard W. England, a professor of economics at the University of New Hampshire's Whittemore School of Business. |
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| G20: Fixed rules constrict |
Guardian.co.uk - ...A new conceptual framework - Imperfect Knowledge Economics (IKE) - provides the rationale for policy intervention in asset markets, and also has important implications for how regulators should measure and manage systemic financial risk... |
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| 'Zombie' banks a symptom of our situation |
Foster's Daily Democrat, by Jim Wible - What's a zombie bank?" That's a question I heard a commentator on a prominent news network ask a few days ago. The general topic was what the federal government would do with Citigroup. |
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| Economist: Bernanke's Call to Address Systemic Risks Misses a Key Element -- Excessive Asset Price Swings |
Newswise - Federal Reserve Chairman Ben Bernanke's recommendations to address the systemic risks in the financial system are missing a key element - addressing excessive asset price swings, according to Michael Goldberg, the Roland H. O'Neal Professor of Economics at the University of New Hampshire. |
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| Not an exact science - UNH prof on economics: don’t forget the human factor |
Hippopress.com - Michael Goldberg, the Roland H. O'Neal Professor of Economics at the University of New Hampshire, thinks economic forecasters and financiers should acknowledge that economics is not an exact science. Implementing the Imperfect Knowledge Economics model (IKE), Goldberg said predictions and analysis can be more effective if they are considered qualitatively. Goldberg teamed up with Roman Frydman to write Imperfect Knowledge of Economics: Exchange Rates and Risks. |
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| Why a Lousy Jobs Report Could Actually Help Stocks |
cnbc.com - Analysts surveyed by Briefing.com are expecting 615,000 nonfarm jobs to be lost and an unemployment rate of 7.9 percent. "If the numbers come in again in the 600,000 range or the 500,000 range or even more it's an indication that we're not even close to being out of the woods," says University of New Hampshire economist Michael Goldberg. "So it's going to have a very chilling effect on the markets." |
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| Economist Recommends Regulation Changes to Financial Sector |
Innovations Report - Michael Goldberg, the Roland H. O'Neal Professor of Economics at the University of New Hampshire, has proposed new ways to regulate the financial sector at a national conference recently that included some of the world's foremost economists and business experts. Read more: |
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| Bachelor's vs. Master's: How Does Your Salary Stack Up? |
Careerbuilder.com - These days, education is playing a bigger part in your career than ever before. |
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| Information failure at core of finance crisis |
Fosters' Sunday Citizen, by Jim Wible - The current economic recession is projected to be the worst since the Great Depression. One major reason for the severity of the crisis concerns the problems facing large money-center banks and Wall Street. In contrast, many locally owned and managed banks may be quite healthy. |
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| Now is the time for a revolution in economic thought |
London Times - ...But the challenge that existing economic orthodoxy may find most disconcerting is Imperfect Knowledge Economics (IKE), the name of a path-breaking recent book by Roman Frydman and Michael Goldberg, two American economists. Building on ideas of Edmund Phelps, one of the few Nobel Laureate economists who rejected the consensus view on rational expectations, IKE uses similar tools to conventional economics to generate radically different results. |
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| The 5 Most Marketable College Degrees of 2009 |
MSN.com - Economics majors can expect more job options as economics degrees rank in the top 5 most marketable degrees for 2009. Good luck and Godspeed to graduating seniors who plan on raking in the big bucks in 2009. |
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| 2008 Faculty Excellence Award: Outstanding Associate Professor |
Campus Journal - The journey from a traditional economy to a modern high-speed technological one has been dizzying, ...But now mavericks, associate professor Michael Goldberg and Roman Frydman, professor of economics at New York University, have coauthored a new book, "Imperfect Knowledge Economics." In it they present an innovative, theoretical approach to gauging the modern economy. |
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| N.H. exports hit all-time high in October |
From January to October, the state ranked 11th in export growth among the 50 states
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| Should you Invest during a recession? |
Seacoastonline.com - As negative as the title of the second Whittemore School of Business and Economics forum on the economy was - "The Worsening Economic and Fiscal Crisis: The First Recession of the Global Economy" - the news from three UNH professors was far from grave. |
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| UNH profs: U.S. recession may last 18 months, rival Great Depression |
Fosters.com - Several economic indicators show the current recession will be the worst one the country has faced since the Great Depression of the 1930s before the nation recovers... James Wible, professor of economics, said the federal government's announcement Monday that the U.S. has been in a recession for a year surprised him. He thought it began in July 2008 and would last 12 to 18 months. |
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| Worsening Global Economic and Financial Crisis Topic of UNH Forum Dec. 3 |
DURHAM, N.H. - The University of New Hampshire Whittemore School of Business and Economics will hold a second economic and financial forum focused on the continuing crisis of the national and world economies, Wednesday, Dec. 3, 2008. The forum will look at the crisis from several perspectives.
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| Faculty Excellence Honorees |
Faculty awards - Read about WSBE's award winning faculty: Michael Goldberg, Reagan Baughman and Emily Xu. "Nineteen faculty members have been honored for excellence in teaching, research and public service. Nominated by their colleagues and students, winners of the annual Excellence Awards represent every school and college within the university." ... Whittemore School's winners include: |
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| Forecasters say: No doubt we're in a recession |
Foster's Daily Democrat - To explain the unfolding of "one of the worst economic crises" in the nation's history to his students, Jim Wible has had them imagine riding a roller coaster. |
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| Bloomberg Radio Highlights Professor Goldberg's Research |
In this November 6, 2008 episode of Bloomberg on the Economy, Professor Goldberg’s research partner, Roman Frydman, discusses their study of imperfect knowledge economics and its importance in understanding the current financial crisis. |
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| We must not rely on the rosiest ratings |
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| Economists and business owners point to benefits of a recession |
Foster's Daily Democrat - Bruce Elmslie, the chair of the economics department at the University of New Hampshire's Whittemore School of Business and Economics, said a recession can ... |
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| UNH experts warn deep recession on our doorstep |
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| Economy slides into campaign rhetoric, Sununu fights claims he's anti-regulation |
Concord Monitor -"There needs to be some regulation, ...," said Michael Goldberg, an associate professor at the University of New Hampshire. |
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| Slow Recovery, Flat Economy - But No Recession - Forecast for New England |
UNH Media Relations - New England will experience a slow recovery starting in mid-2008 and a relatively flat economy through 2012 as a result of the national credit and housing crises, according to Ross Gittell, James R. Carter Professor of Management at the University of New Hampshire. |
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| National slowdown dims New England economic outlook |
Boston.com - "...The resiliency of the regional economy can be attributed to the Massachusetts economy, which accounts for over 50 percent of the regional economy," said Ross Gittell, the organization's vice president and a professor at the University of New Hampshire. "No other state in the region is expected to avoid decline in gross state product in the first two quarters of 2008." |
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