Pertinent Category: Daily Economy

Learning as a Core Skill

– January 31, 2017

A recent Special Report of “The Economist” was dedicated to the topic of lifelong learning and new labor-market conditions that require employees to have the ability to keep learning, be intellectually curious, and develop a “growth mindset.” The repor …


Mostly Domestic Manufacturing

– January 30, 2017

In the wake of President Donald Trump’s protectionist stance for domestic manufacturing, many observers have spoken in defense of free trade. AIER has its own history of publishing in this area. In this post, I want to highlight one point that we touch …


Cause and Control of the Business Cycle Today

– January 27, 2017

The Great Recession was the worst economic downturn since the Great Depression. Like the Depression, the Great Recession was precipitated by a combination of excessive credit creation and misguided government policy. Excessive credit, or purchasing med …


Land Value in Pennsylvania: A Practical Application

– January 26, 2017

I was recently reading AIER founder E.C. Harwood’s “Useful Economics,” which can be accessed online through our website’s Harwood Economics tab , when I came across a particularly interesting passage. In Chapter XIII, “Practical Applications,” Col. Har …


AIER Education Programs Rooted in Scientific Approach

– January 25, 2017

While students were occupied with their research projects during our new Winter Program, their professor, Lorri Halverson, and I were working on a paper summarizing our experiential learning approach, which is the basis for educational programming at A …


Complexity, economic policy, and AIER

– January 20, 2017

AIER has a long history of fostering schools of economic thought that don’t adhere to the views that currently dominate mainstream academia. One paradigm that reflects recent advances in other scientific fields but also confirms views put forward by AI …


Earnings Growth and Employment Transitions

– January 19, 2017

What drives earnings growth for U.S. workers? In some form or another, this was the question addressed by researchers at a session of the American Economic Association’s annual meeting that I attended earlier this month in Chicago. There are three impo …


AIER Starts New Winter Program

– January 17, 2017

This month, in addition to our esteemed Summer Program, we are starting an AIER Winter Program. Our Winter Program encompasses the Applied Economic Research Course and the January intersession, which are both programs we have piloted in recent years.


Teach-the-Teachers Program Gets Results

– January 17, 2017

The Education Division of AIER is not only creating and executing innovative programs, but also conducts scientific research on the impact of those programs on their constituencies. At the recent 2017 annual meeting of the American Economic Association (AEA) in Chicago, I presented the results of the first two cycles of the Teach-the-Teachers Initiative program, “Economics Across the Curriculum.”


Views From the Stone House Windows

– January 13, 2017

There’s nothing like seeing the sun rise from the windows of the Stone House, the centerpiece of AIER’s scenic campus in the Berkshires. I took these photos this morning.


The Benefits of a Professional Learning Community

– January 12, 2017

In my recent blog about AIER’s approach to professional development workshops for teachers, I discussed an analogy suggested by Fred Ende. He wrote that during the follow-up process, both “regular water — reflection — and sunlight — coaching/support — are needed for the best growth” of a planted seed of a teaching idea. To provide the “sunlight” of additional mentoring support to AIER-trained teachers, I traveled to Chicago to have a discussion with the alumni of the 2016 Chicago Teach-the-Teachers Initiative (TTI) program.


Tools to Help Lower-Income Americans Save Money

– January 11, 2017

In our January brief entitled “Why Can’t Americans Save,” I look at the numerous hurdles that different types of households face on the road to financial wellness. My research revealed that the bottom half of U.S. earners, roughly speaking, simply cannot afford to meet the goals experts put forward for saving, investing and debt.