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Prof. David Autor speaks with New York Times reporter Jim Tankersley about the economic implications of President Biden’s decision to codify and escalate tariffs on Chinese goods. Autor’s “latest research warns of the economic perils of poorly designed trade policy, but it also explains why presidents might keep pursuing it,” explains Tankersley.
The Hill reporter Tobias Burns spotlights the efforts of a number of MIT researchers to better understand the impact of generative AI on productivity in the workforce. One research study “looked as cases where AI helped improved productivity and worker experience specifically in outsourced settings, such as call centers,” explains Burns. Another research study explored the impact of AI programs, such as ChatGPT, among employees.
Prof. Thomas Levenson speaks with David Chandler of Astronomy about the potential for a Planet Nine in our solar system and the soon-to-be opened Vera C. Rubin Observatory in Chile. “With the right observatory, we can see things that will help us confirm or deny, “says Levenson, “and that observatory is almost at hand, it’s just set to go, and that’s very exciting.”
GiveDirectly, a nonprofit co-founded by MIT and Harvard alumni, works with “economists to identify the most efficient ways to reduce poverty,” reports Katharine Houreld for The Washington Post. “Lump sums are the most efficient way to give cash, according to a study of GiveDirectly programs released in December that compared the impact of three methods,” explains Houreld. “Two years in, recipients of the lump sum have spent more money on health care, and more of their children have scored better on school exams, according to the study by MIT economics professor Abhijit Banerjee and others."
Prof. Jonathan Gruber speaks with Boston Public Radio hosts Jim Braude and Margery Eagan to explain the relationship between inflation and interest rates. “What’s driving the inflation recently is auto insurance prices,” says Gruber. “Why are insurance prices going up? It actually comes back to the Fed. Auto insurers make a profit in two ways. One is by charging you more than they’ll pay out and the other is investing money and getting rates of return on that money.”
Prof. Joshua Angrist speaks with Freakonomics Radio host Stephen Dubner about the influence of his work on public policy. “I like to influence public policy. And I’m happy when I influence public policy, but that is not what I get up in the morning and set out to do,” says Angrist. “I’m an academic, and what I set out to do is high-quality scholarship. I like to get things published in top journals. That’s how I measure my influence. Now, ultimately, a lot of the work I do does affect public policy, or at least it becomes part of the discussion, and that’s gratifying.”
Prof. Esther Duflo will present her research on poverty reduction and her “proposal for a global minimum tax on billionaires and increased corporate levies to G-20 finance chiefs,” reports Andrew Rosati for Bloomberg. “The plan calls for redistributing the revenues to low- and middle-income nations to compensate for lives lost due to a warming planet,” writes Rosati. “It also adds to growing calls to raise taxes on the world’s wealthiest to help its most needy.”
Prof. Adam Berinsky speaks with Boston Globe reporter Aidan Ryan about misinformation in the age of generative AI. “I don’t think that AI is necessarily going to make misinformation better, in the sense of making it more persuasive,” says Berinsky.“But it’s easier to create misinformation.”
Prof. David Autor speaks with Nature reporter Dalmeet Singh Chawla about the long-term impact of his research on policy documents. Autor’s work from November 2003 “is now the third most cited in policy documents worldwide,” writes Chawla. “Autor thinks his study stands out because his paper was different from what other economists were writing at the time. It suggested that ‘middle-skill’ work, typically done in offices or factories by people who haven’t attended university, was going to be largely automated, leaving workers with either highly skilled jobs or manual work.”
Boston Globe reporter Jon Chesto spotlights how MIT President Sally Kornbluth is “determined to harness MIT’s considerable brainpower to tackle” climate change. During a clean-tech entrepreneurship event hosted by the Advanced Research Projects Agency-Energy, Kornbluth highlighted the newly announced Climate Project at MIT, “which commits $75 million and dozens of faculty to solving some of the biggest climate problems.” Kornbluth also noted that MIT’s “culture of entrepreneurship” makes the Institute uniquely positioned to help address the challenges posed by climate change.
Prof. Kieran Setiya speaks Sean Illing, host of Vox’s The Gray Area podcast, about how philosophy can be used as a tool when handling midlife crises. “There’s a real continuity between the literary and human description of phenomena like grief and philosophical reflection,” says Setiya. “Because often what philosophical reflection provides is less a proof that you should live this way and more concepts with which to articulate your experience and then structure and guide how you relate to reality. And seen that way, we can understand how philosophy can operate as self-help.”
Prof. Emeritus Olivier Blanchard speaks with New York Times reporter Peter Coy about the impact of wage increases on inflation. “Fundamentally, it is hard to believe that when the economy is overheating there is not going to be pressure of some sort on wages and prices,” says Blanchard.
Rich Lyons PhD '87 has been named the new chancellor of UC Berkeley, reports Teresa Watanabe for The Los Angeles Times. Lyons is “a leader of innovation and entrepreneurship who cultivated a culture of questioning the status quo as a business school dean,” writes Watanabe. “Lyons has won numerous teaching awards and is seen as a charismatic insider with skills to navigate the complex Berkeley culture – and enliven campus events with mean guitar-playing skills.”
Prof. David Autor speaks with PBS host Walter Isaacson about the fear surrounding AI’s impact in the workforce and his view that AI could provide new opportunities for middle class workers. “Most of the time, technology is good for the elite and not so good for everybody else,” says Autor. “[AI] is a case where the technology might compete a little bit more with the elite and enable more people to do valuable work,” resulting in higher wages and more job opportunity for the middle class.
Prof. Amy Finkelstein speaks with New York Times reporter Sarah Kliff about “the impact of medical debt relief on individuals.” “The idea that maybe we could get rid of medical debt, and it wouldn’t cost that much money but it would make a big difference, was appealing,” says Finkelstein. “What we learned, unfortunately, is that it doesn’t look like it has much of an impact.”