Economics

Shutdown’s Economic Impact Is a Forceful Reminder of Why Government Matters

By Andrew J. Hoffman and Ellen Hughes-Cromwick for The Conversation
Article

As the United States endures the longest shutdown in its history, Americans are getting a taste of life without government.

The absence of some services are clearly visible, such as a buildup of trash at national parks or longer lines at airport security checkpoints. Others, like those felt primarily by businesses, are less noticeable but arguably more important, such as an inability to get a small business loan or limited service from the IRS, Securities and Exchange Commission and other key agencies.

Business Leaders Make Their Predictions for 2019

Article

What will happen in 2019 at the intersection of business and society? As our team in the Business & Society Program looked ahead to the new year, we realized the best answers lie in our network of business leaders and academics. From Artificial Intelligence to worker voice to lifelong learning, these diverse predictions impart a powerful sense of possibility, even in facing some of the world’s toughest challenges in the new year.

Nobel Award Recognizes How Economic Forces Can Fight Climate Change – Andy Hoffman in the Conversation

Article

Co-authored by Andy Hoffman and 

Yale economist William Nordhaus has devoted his life’s work to understanding the costs of climate change and advocating the use of a carbon tax to curb global warming.

Former Erb Institute PostDoc, Georgallis Receives Veni Grant of $290K

Article

Former Erb Institute PostDoc, Panikos Georgallis received one of five Veni grants that were awarded to researchers from the fields of economics and business, out of 59 total grants to researchers from the social sciences and humanities.  Veni grants are targeted at “outstanding researchers who have recently obtained their PhD and allows them to conduct independent research and develop their ideas for a period of three years.”

Watch: Measuring Beyond Money in NYC's Forgotten Shore Community

The truth about measuring local economic health is that money doesn’t tell the whole story. Follow this NYC community as it rediscovers the overlooked qualities required to build long-term economic and social vitality.
Multimedia with summary

Tottenville was once a vibrant farming, oystering, shipbuilding, and tourism community at New York City's southernmost tip. Today the local economy can't support living wage jobs, community ties have broken down, and Main Street has been replaced by strip malls. How can towns like Tottenville rediscover themselves and thrive in the 21st Century?

Empowering Kids to Learn About Money

It’s never too early to teach kids about saving money. PNC’s School Bank Program offers on-site learning to enhance elementary and middle school classroom curriculum.
Blog

With pen and paper in hand, 10-year-old Brycen Carter eagerly awaits customers to approach him during lunch hour. Perched atop a stage in his school cafeteria, Carter sits behind a table draped with a PNC- branded tablecloth alongside two fellow fifth graders from Eastside Elementary in Anderson, Ind.

Every month, a handful of students like him are trained to volunteer as tellers for the PNC School Bank Program.

Pricing the Priceless

Why saving a forest makes good economic sense
Press Release

Toronto, ON , March 21, 2017 /3BL Media/ -TD Bank Group (TD) and the Nature Conservancy of Canada (NCC) have released a new report that assigns an economic value to the real ecological goods and services that forests provide to Canadians. 

The report’s findings are based on case studies of NCC conservation lands located in Canada’s eight different forest regions.  

The report, which can be viewed here natureconservancy.ca/naturalcapitalreport2017 uses new economic tools to assign an annual dollar value, per hectare, to the natural benefits of forests.

Economics of Soil Health: Key to Adoption

By C. Wayne Honeycutt, Ph.D.
Blog

Introduction
The current world population of approximately 7.4 billion is projected to increase to approximately 9.7 billion by 2050.  Growing enough food, while also sustaining and improving our natural resources, is one of the greatest challenges of our time.

Republic Services Announces $230 Million Economic Impact in Nevada

Company’s Payroll Impact is $185 Million Annually
Press Release

LAS VEGAS, January 26, 2017 /3BL Media/ – Republic Services, Inc. (NYSE: RSG) announced today the results of a study of its annual economic impact in the state of Nevada. The study measures the direct and indirect economic impact of the Company’s subsidiaries and operations statewide in 2015, including tax revenues, payroll expenditures and supplier purchases, as well as multiplier effects when income is reinvested into the local economy.

Ecocentricity Blog: Alex, I’ll Take Economic Systems for $800

Summary: 

Capitalism is fundamentally a more efficient system than communism. By empowering private citizens to seek their own self-interest, the system becomes decentralized, making it more locally attuned to market demands and shifting conditions.

Blog

Capitalism is fundamentally a more efficient system than communism. By empowering private citizens to seek their own self-interest, the system becomes decentralized, making it more locally attuned to market demands and shifting conditions.

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