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2010 Undergraduate Honors Thesis presentations

2009 Undergraduate Honors Thesis presentations

In memory of Jerome Stein

Glenn Loury is a keynote speaker at the international conference in Nepal on Inequality and Affirmative Action.

Glenn Loury discusses the Supreme Court's decision upholding the Affordable Care Act with Harold Pollack (University of Chicago and The Century Foundation).

Eric Renault is elected President of the Society for Financial Econometrics. 

Louis Putterman’s new book, The Good, The Bad, and The Economy, examines whether human nature limits how much we can hope to better our world amid economic insecurity, the vast disparity between rich and poor, violent conflicts, and evironmental challenges.

Glenn Loury writes an op-ed piece in the Providence Journal urging Rhode Island to stop criminalizing marijuana users.

Glenn Loury discusses James Q. Wilson, the man and the scholar.

Economics and history double concentrator Stephen Hebson ’12 and mechanical engineering concentrator Parker Wells ’12 take top honors in the student track of the 2012 Rhode Island Business Plan Competition, for their proposed business Overhead.fm. Their plan is to produce an affordable web app that will provide a customizable stream of music for in-store use, licensing music directly from artists/labels. They received $15,000 in cash and services valued at $24,000 for winning the competition.

Stelios Michalopoulos participates in a discussion panel on "A Crisis Examined: Reflections on Greece's options on the eve of the general elections" on Wednesday, May 2, at 7pm, Joukowsky Forum, Watson Institute, 111 Thayer Street.

The Atlantic highlights Glenn Loury and John McWhorter’s (Columbia University) discussion of the toll taken on academic thought by specialization on The Glenn Show on bloggingheads.tv.

Ph.D. candidate, Michael Suher, participates in a research project measuring the effects that a dirty bomb would have on Los Angeles’ financial district.

Glenn Loury’s participation in the Center for Latin American Studies Conference on Drug Wars in the Americas is mentioned in an op ed piece in La Razón (English translation).

Glenn Loury cautions against traditional affirmative action for colleges and universities.

Ross Levine and Mark Blyth, professor of international political economy, organized an international conference to discuss “The Failure of the Euro? Causes and Consequences for Europe and Beyond.”

Economics concentrator Qian Yin ’14 was one of eleven Brown students selected to attend the Clinton Global Initiative University conference, which took place March 30-April 1, 2012, in Washington, D.C.

Roberto Serrano is one of 5 Brown faculty listed in the Princeton Review’s “The Best 300 Professors”.

Kaivan Munshi discusses his work with Sociologist Nancy Luke on fighting TB in India on PSTC’s YouTube channel.

Economics concentrator, Eunseo Jo ’13 is one of 16 undergraduates who were chosen as 2012 Brown International Scholars Program (BISP) fellows. The students, who each received awards of up to $5,000, will spend the summer pursuing independent projects linking their academic interest with international experiences. Jo’s project is titled Korea’s Forgotten War.  The program is managed by the Howard R. Swearer Center for Public Service and funded by the Office of International Affairs.

Economics concentrator Nikilesh Eswarapu ’12 is the founder of the nonprofit organization, the Milana Foundation which focuses on improving health care in India.

Professor Ross Levine will discuss his new book, Guardians of Finance: Making Regulations Work for Us. Thursday, April 5, 2012
5:00PM, Salomon Center for Teaching, 001.

Glenn Loury responds to the lead essay in a Boston Review forum on “What to do about Inequality.”

Economics concentrator, Eunseo Jo ’13 is one of 16 undergraduates who were chosen as 2012 Brown International Scholars Program (BISP) fellows. The students, who each received awards of up to $5,000, will spend the summer pursuing independent projects linking their academic interest with international experiences. Jo’s project is titled Korea’s Forgotten War .  The program is managed by the Howard R. Swearer Center for Public Service and funded by the Office of International Affairs.

Ross Levine discusses the complexities of conflict of interest in research funding with TheBrown Daily Herald.

In reponse to the Federal Reserve’s recent inspection of the country’s biggest banks, visiting fellow, David Wyss, says banks are now in a better position to nurture economic recovery.

Glenn Loury and Ray Lotta debated economic systems in a Janus Forum Debate: capitalism vs. socialism.

Glenn Loury interviews journalist and author Gershom Gorenberg about his book The Unmaking of Israel on The Glenn Show on bloggingheads.tv.

Glenn Loury, on NPR’s Tavis Smiley show, discusses Karl Rove’s recent “How to Beat Obama” article, which makes a case for American exceptionalism.

Deb Baum, Brown Media Relations, talks with Ross Levine about his new book Guardians of Finance.

Ross Levine was recently interviewed by Bankrate.com about the roots of the financial crisis, the flaws of Dodd-Frank, and how an independent agency to watch regulators could prevent the next financial crisis.

Glenn Loury’s speech "Obama Is No King: On the Fracturing of the Black Prophetic Tradition" at Reed College in Portland, OR (audio recording).

Professor Dwight Perkins (Harvard), Professor Barry Naughton (University of California San Diego), Dr. Justin Lin, Chief Economist at The World Bank participated in a panel discussion "China's Economic Rise and the Global Economy", organized by the Economics department.

Glenn Loury and Ross Levine discuss money in America, private equity firms, and how competition can fix the banking system on the Glenn Show on bloggingheads.tv.

Glenn Loury discusses how GOP presidential candidates are using racial symbolism and racial stereotypes with John McWhorter of Columbia University on bloggingheads.tv.

Economics concentrator Amit Jain’12 is featured on the Swearer Center for Public Service webpage.

Andrew Yang ’96 is the founder of a a new nonprofit called Venture for America that will connect recent college graduates with startups and early stage companies in economically challenged U.S. cities.

Glenn Loury, discusses, among other things, presidential candidate Ron Paul on bloggingheads.tv with The New Republic’s John McWhorter and with Joshua Cohen, editor of Boston Review and Professor of Political Science, Philosophy, and Law at Standord University.

Brian Knight's work on political endorsements is cited in USA Today’s article on the presidential candidate endoresements.

Glenn Loury and other experts discuss racial disparity and presidential pardons in response to an in-depth investigation of the presidential pardons process published this week in ProPublica.

A recent study by Oded Galor and former graduate student Quamrul Ashraf, now of Williams College, charts the role of geographic isolation, proximity, and cultural diversity on economic development from pre-industrial times to the modern era.

Economics concentrator Han-Woong Lee’12 was one of nine top presenters at at the sixth annual statewide Elevator Pitch Contest.

Professor Emeritus Jerome Stein’s new book Stochastic Optimal Control and the U.S. Financial Debt Crisis, will be published in the Spring. 

Kaivan Munshi's research on India’s caste networks and their influence on economic development is discussed in The Wall Street Journal.

Economics concentrators Anshu Vaish ’12 and Nehal Doshi ’12 along with two other Brown students and a RISD student created WaterWalla, a socially responsible not-for-profit business venture that sells water filters and Aqua Tabs to provide clean drinking water for slum residents in India.

The Brown Daily Herald interviews Ross Levine on dual-career faculty hiring at Brown.

Glenn Loury discusses Herman Cain and the way race is viewed in America with John McWhorter of the New Republic.

Rachel Friedberg shares her thoughts with The Brown Daily Herald on the preparedness of Brown first-year students.

Visiting fellow, David Wyss, says that the EU debt plan significantly reduces the risk of financial panic among individual investors, which could keep the United States from entering a double-dip recession.

Glenn Loury discusses the Occupy Wall Street movement with The Brown Daily Herald.

Applied Math-Economics concentrator Yue Shen '12.5 is helping produce a film that traces the lives of two freshmen from China as they study abroad in the US for the first time and attempt to integrate into the Brown community.

Brian Knight, uses gun-tracing data from the Bureau of Alcohol, Tobacco, Firearms and Explosives to show the flow of illegal firearms from states with weak gun laws to states with strong gun laws.

The Atlantic  discusses Glenn Loury's prediction of an "anti-rich-banker" protest movement in a mid-August bloggingheads.tv discussion with John McWhorter of the New Republic.

The Economics Department hosts this year’s “Economics in the Real World” symposium on Thursday, 10/20/11. This year the symposium is devoted to the Chinese economy and its connections with the international economic and financial world.  In addition, Dr. Justin Lin, the founding director of the Center for Chinese Economic Research at Peking University and currently the Chief Economist at The World Bank will be presenting the annual Brnard I. Fain Lecture.  The title of his talk is “Demystifying the Chinese Economy.”

Ross Levine joins colleagues from a variety of departments to address students and others on the history of social movements and about the current financial system at a teach-in at Salomon Center for Teaching.

David Wyss, visiting fellow, says that older workers are having difficulty finding jobs because they frequently have skills specific to their former jobs, which they held for decades.

David Wyss, a visiting fellow in the department this year, weighs in on what needs to be done to jumpstart the ailing job market.

Sriniketh Nagavarapu and Heather Leslie (CES),are studying the relationship between the Mexican people and their environment. They will work with researchers from the Scripps Institution of Oceanography at the University of California at San Diego and the Nature Conservancy.

Visiting Fellow David Wyss discusses President Obama’s deficit reduction plan.

Visiting Fellow David Wyss discusses the next move by the Federal Reserve.

The Daily Caller cites research by Justine Hastings and three colleagues on the impact of future educational prospects of children who participate in school choice programs.

Roberto Serrano, Ross Levine, and Glenn Loury comment on Ruth Simmons’ presidency.

Andrew Yang '96, an economics alumnus, brings Venture for America, the entrepreneurship program he founded, to Providence.

Glenn Loury and Ross Levine have an on-line conversation on bloggingheads.tv about Levine’s recent participation in the Federal Reserve Bank of Kansas City’s annual economic policy symposium held in Jackson Hole, Wyoming and, in particular, the topic of regulating the regulators.

Graduate student Michael Suher is the co-author on a research study on federal government spending for disaster aid.

Ross Levine’s paper on “Regulating Financial Markets and Institutions to Promote Growth”, which he presented at the Federal Reserve Bank of Kansas City’s annual economic policy symposium held in Jackson Hole, Wyoming August 25 – 27, 2011, is discussed on Reuters.com and Providence Business News (PBN.com).

Ross Levine discusses financial regulation and its impact on economic growth and his recent study on the necessity of proper regulatory regulations on Bloomberg.com.

Glenn Loury and John McWhorter of the New Republic discuss the current state of President Obama’s presidency, Republican presidential candidates, and flash mob violence on bloggingheads.tv.

Glenn Loury and Megan McArdle of The Atlantic discuss the debt ceiling crisis and President Obama’s relationship with Congress on Bloggingheads.tv.

David Wyss, who is visiting the Economics Department in the fall of 2011 and teaching intermediate macroeconomics, expresses his views on the debt ceiling in the press.

Brian Knight discusses his research on the influence of early voters with The Chronicle of Higher Education.

Ross Levine is one of four financial analysts and academics who discuss the S&P downgrade of the U.S. credit rating and what it will mean on Minnesota Public Radio.

Research by Brian Knight and former graduate student Chun-Fang Chiang indicates that voters are influenced by newspaper endorsements.

David Weil discusses factors, including demographics, that influence the housing market.

Deborah Baum in the Office of Media Relations writes about Brian Knight's research with former graduate student Nathan Schiff on early primary voters influence on who gets elected.

Glenn Loury and John McWhorter of The New Republic discuss the challenges of being a "black public inellectual".

Glenn Loury and Boston Review co-editor Joshua Cohen discuss incarceration and the recent Supreme Court decision ordering California to reduce the number of people in its prisons.

Nathaniel Baum-Snow says housing prices can vary widely from city to city due to simple supply and demand, citing New York City as an example of a place where it’s difficult to increase the housing supply.

Brian Knight is interviewed by Michele Norris on NPR’s All Things Considered about his research, with former graduate student Nathan Schiff, that measures the influence of early primaries and caucuses on the electoral process.

Oded Galor discusses his new book, Unified Growth Theory, with Deborah Baum in the Office of Media Relations.

Brian Knight and former graduate student Nathan Schiff’s research on social learning in presidential primaries is discussed in the New York Times.

Economics graduate Petra Weiss ’11 wins elite 88 award for NCAA division I women’s rowing championship as an outstanding student-athlete.

Glenn Loury discusses his new book Race, Incarceration, and American Values at the Center for Public Conversation at the Institute for American Values.

Emily Kirkland ’13 is one of 11 AT&T New Media Fellows.  Emily, who is concentrating in Economics and in Latin American Studies, will be documenting the efforts of Peruvian communities to prepare for the predicted effects of climate change such as floods, droughts, severe storms, and heat waves.

Economics graduate, Chandra Reddy Metzler ’95, discusses how her Brown experience led her to investing in emerging markets for JP Morgan.

Glenn Loury co-authors A Bloomberg Businessweek op-ed piece with Laurence Kotlikoff suggesting that monetary penalties for nonviolent drug buyers and sellers might make more sense financially and legally than incarceration.

Justine Hastings uses gasoline purchasing data to show how consumers make buying decisions when prices jump at the pump.

Nathaniel Baum-Snow and co-author Ronni Pavan of the University of Rochester find that larger cities tend to have wider wage gaps among their workers.

Glenn Loury has been elected a member of the American Philosophical Society.

A paper by Justine Hastings (formerly of Yale and now at Brown) and Olivia Mitchell, the director of the Pension Research Council “How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors” has received attention in several media sources over the past year: Pension Research Council, U.S. News & World Report, Asset International, Pittsburgh Post Gazette, Wall Street Journal.

Justine Hastings and her colleague at the University of Chicago's Booth School of Business, Jesse Shapiro, look at how gasoline price hikes affect buying choices.

Ross Levine weighs in on antitrust issues around NASDAQ’s $11-billion unsolicited offer for NYSE Euronext.

Glenn Loury is interviewed for public radio with Tavis Smiley and Cornel West on mass incarceration.  His interview begins about 21 minutes into the hour-long segment.

Nathaniel Baum-Snow joined President Simmons and 3 others judges in determining the winner of the Brown Debating Union’s Radcliffe Hicks Prize tournament.

Ross Levine will be participating in the Brown Club of RI Event ,"What´s Next for the Economy? Expert Viewpoints" on  April 26, 5:30 to 7:30 pm in MacMillan Hall 117. Ross’ presentation will focus on the regulatory environment.

Andrew Foster uses remote sensing imagery to look directly at the effects of air quality on health.

Former Economics concentrator Bernadette Aulestia’94 is the first in a series of six profiles of Brown alumni, who discuss career choices, share experiences, and offer advice about life before, during, and after Brown.

Sriniketh Nagavarapu is one of 12 recipients of a 2011 Salomon Award.  The title of his project is “Reforming Social Protection through NGO Delivery: Impact on Corruption and Food Security”.

In Brown Daily Herald article, Ken Chay discusses the NYU graduate students request that the National Labor Relations Board allow them to form a graduate student union.

Economics concentrator Kathryn Fairhead ’11 and two other Royce Fellows, Clare Kim'11, and Lucy Sedgwick'11.5, present their recent, exploratory inquiries into seemingly disparate research projects in a panel discussion "Urban Places, Marginalized Spaces: Observations from Three Student Observers on the Intersection of Place and Value." on Wednesday, March 2 at 4:30 p.m. in Crystal Room in Alumnae Hall. A reception will follow the event.

Glenn Loury was the keynote speaker at the second annual Joint Legislative Black History Month Heritage Celebration at the Rhode Island State House.

Glenn Loury is interviewed by the St. Louis Federal Reserve Bank.

Justine Hastings receives MacArthur Foundation grant to study the impact of housing subsidies in Mexico on family outcomes.

Glenn Loury comments on faculty diversity in Brown Daily Herald article which also cites improved faculty diversity in the Economics Department.

Glenn Loury discusses President Obama’s State of the Union address, what the United Nations peace plans in the Middle East should be, and the political extremism of Glenn Beck with Robin Wright, Senior Research Fellow at the New America Foundation.

Ross Levine and former Ph.D. student Alex Levkov are recipients of one of the prestigious Brattle Prizes for “best paper published in the Journal of Finance last year” awarded at the Denver meetings of the American Finance Association. 

Economics concentratorAnshu Vaish ‘12, was one of the recipients of a cash prize at the annual elevator pitch contest sponsored by the Rhode Island Business Plan Competition.  Vaish received $50 for WaterWalla, a social venture providing access to clean water in urban slums through the development of local sustainable microenterprises.

Peter Howitt is working with two other economists—Robert Axtell of George Mason University and John Geanakoplos of Yale University—and Physicist Doyne Farmer of the Santa Fe Institute on a massive economic model-building project.

Brown Daily Herald article on Jonathan Gruber’s Fain Lecture which was the opening night talk in The Economics Department’s first annual “Economics in the Real World” Symposium.  This year’s topic was “Health Care and its Reform.”

Ishani Tewari was awarded the Kauffman Dissertation Fellowship for the next academic year. She was selected as one of 15 winners from a pool of 132 applicants.

Steven Rattner ’74, former Counselor to the Secretary of the Treasury and Lead Auto Advisor, discussed the Obama administration’s bail out of the auto industry. 

An article in The Huffington Post quotes Glenn Loury on the prevalence of racial inequality in prisons.

Justine Hastings, a new Associate Professor of Economics at Brown, advises North Carolina school superintendent on strategies for improving school performance.

A National Journal article looks at Brian Knight’s and grad student Chun Fang Chiang’s analysis of newspaper endorsements in a study of the 2008 elections.

Brown Daily Herald article on Glenn Loury being chosen as one of Playboy magazine's annual list of the 20 most influential and imaginative college professors in the nation.

Glenn Loury and James Pinkerton, a fellow at the New America Foundation, have a conversation about Big Government Libertarianism on bloggingheads.tv. A portion of their discussion on "Why do so many Americans question who Obama really is? is covered on the Atlantic.com. The New York Times Times video webpage features their discussion “Was Summers a mistake?”.

Glenn Loury has made Playboy magazine's annual list of the 20 most influential and imaginative college professors in the nation. Playboy Honor Roll article. Providence Journal News Digest article.

Economics concentrator Hunter Fast ’12 writes about “Sweatshops and you: a practical analysis” in his Opinions column in TheBrown Daily Herald.

Tan Nguyen ‘10, who received an Sc.B. in applied mathematics-economics and an A.M. in economics, is featured on the Boldly Brown webpage.

Glenn Loury discusses affirmative action in higher education with John McWhorter of the Manhattan Institute on bloggingheads.tv.  View an excerpt on The New York Times on-line or the full conversation at bloggingheads.tv.

The Brown Daily Herald discusses the increasing popularity of Economics as a concentration at Brown.

Economics graduate student Ishani Tewari'11 has received Networks Financial Institute Financial Services Dissertation Fellowship.

Glenn Loury and Ross Levine have an on-line conversation about Loury's research on mass incarceration on bloggingheads.tv.

Holger Strulik, Visiting Professor of Economics, disagrees with conclusions in a study that links soil quality to a country’s success.

Glenn Loury and Ross Levine continue their discussion of the financial crisis and the bailouts on bloggingheads.tv, a portion of which was excerpted in The New York Times.

Glenn Loury, will be joined by Peter F. Neronha, U.S. attorney for Rhode Island; A.T. Wall, director, R.I. Department of Corrections; and Jim Lucht, Providence Plan in  a Commencement Forum on “Crime, Punishment, and Mass Incarceration” Saturday, May 29, 2010 at 11:00 a.m. in Sidney E. Frank Hall for Life Sciences, Room 220.

Tan Nguyen ‘10, who is receiving both a Sc.B. in applied mathematics-economics and an A.M. in economics, will deliver one of the senior orations at the 2010 Commencement Ceremony on the College Green on Sunday, May 30, 2010.  Nguyen’s talk is titled “Walking on the Tightrope.”

Ross Levine's paper titled, "An Autopsy of the U.S. Financial System: Accident, Suicide, or Negligent Homicide" has gotten some press recently.  It was the source of a major presentation and write-up at the World Bank; a feature article in Handelsblatt, Germany's business and financial daily; and it was noted in the New York Times DealBook Morning Readings.

Economics concentrator Samuel Byker '10 is one of the winners of the Library's 2010 Undergraduate Award for Excellence in Library Research. The awards recognize excellence in undergraduate research projects that make creative and extensive use of the Brown University Library's collections.

Glenn Loury will be a formal respondent to Columbia University’s annual Lionel Trilling Seminar on Thursday, April 15, 2010.

Economics concentrator Hunter Fast '12 discusses the University’s tuition increase.

Glenn Loury and Ross Levine discuss The Past, the Crash, and the Future on bloggingheads.tv.  

Glenn Loury comments on Project HOPE, a new probation program in Hawaii.

Janet Yellen ’67, nominated by President Barack Obama to serve as vice chairwoman of the Federal Reserve Board of Governors.

Glenn Loury has a conversation with Sendhil Mullainathan of Harvard University about recent developments in behavioral economics on bloggingheads.tv.  

The Brown Daily Herald discusses Economics senior theses with Sriniketh Nagavarapu.

Economics concentrator, Hunter Fast ’12, discusses the campaign for Brown’s divestment from companies that profit from Israeli policy in the West Bank and Gaza.

The Brown Daily Herald discusses faculty commutes including those of Glenn Loury and Louis Putterman.

Nathaniel Baum-Snow has documented that each new federally-funded highway passing through a central city reduces its population by about 18 percent. 

In a study published by the Federal Reserve Bank of Boston, Brian Knight and colleague Nathan Schiff (UBC) predict lottery sales increases due to cross-selling tickets for Powerball and MegaMillions.

The Economist invited Ross Levine to participate in an on-line debate with Nobel prize winner Joseph Stiglitz on “Financial innovation boosts growth.”  Levine is arguing in favor of the proposition and Stiglitz is arguing against it.

Brown student Michael Skocpol published an interview with Ross Levine on “The Financial Crisis Post-Mortem: Suicide, Accident or Murder?” in an online investor publication Advisor Perspectives.

Entrepreneurial endeavors of Applied Math-Economics concentrator, Abhishek Pruisken ’10 and fellow student Erik Ornitz ’10, results  in tasty Van Wafels cookies being sold in local eateries. 

Anna Aizer's paper ”The Gender Wage Gap and Domestic Violence” forthcoming in American Economic Review is cited in Ray Fisman’s article “Illegal Contact: Does watching football lead to domestic violence?” on Slate, a daily magazine on the Web.

Economics graduate student Mongoljin Batsaikhan has won a Hazeltine Fellowship to work with a faculty member in entrepreneurship studies.

The 2009-2019 Paul Levinger Health Care Reform Roundtable Series presents a panel discussion on “Health Care Reform: How do we handle cost?” on Monday, November 9, 2009, 4:00-5:30 pm, MacMillan Hall, Room 117.  Panel participants include Economics Professor Anna Aizer.

A panel discussion on crime, prisons and reform in Providence was moderated by Glenn Loury on October 29,2009. The director of corrections in Rhode Island, A.T. Wall, and the Providence chief of police, Dean Esserman, were speakers.

Glenn Loury’s book, ‘Race, Incarceration and American Values,’ (MIT Press, 2008) is reviewed in the November 19, 2009 issue of the New York Review of Books.

Professor Martin Kolmar of University of Mainz, Germany, writes about the contribution of Herschel I. Grossman to political economy in his article in European Journal of Political Economy

Economics concentrator Tyler Rosenbaum '11 comments on the financial woes of Rhode Island.

Economics concentrator Andrea Matthews '11 encourages continued engagement in national politics.

Applied Math/Economics concentrator Dominic Mhiripiri ’12 comments on Obama's Nobel Prize.

Rajiv Sethi of Columbia University, Glenn Loury of Brown University, and Sam Bowles of the Santa Fe Institute in New Mexico, have created a simple mathematical model for understanding the interaction between segregation and inequality.

Economics concentrator, Fatima Aqeel ‘12, comments on Mayor David Cicilline’s ’83 proposal to tax Brown students.

Glenn Loury has a conversation with Dayo Olopade from The Root about the role that race plays in opposition to President Obama.  You can also hear an excerpt of their conversation on The New York Times website.

Economics and Human Biology concentrator, Jake Heimark '10, says lowering taxes and improving the quality of public education will bring more companies to Providence, help solve our unemployment problem and put us on the right track toward long-term growth.

In The Week in an article on the number of Americans in prison, Glenn Loury states “The current American prison system is a leviathan unmatched in human history."

Economics senior Anish Mitra'10, welcomes first-years to campus.

J. Vernon Henderson, Adam Storeygard and David N. Weil suggest using satellite pictures of light at night time as a proxy for measuring economic growth.

Glenn Loury discusses race and the recent controversy over the arrest of a black Harvard professor, Henry Louis Gates Jr., by a white Cambrige, MA police officer in the Sunday NY Times.

A group of Brown students has established and is staffing a new microfinance organization, The Capital Good Fund. As a microlender, they are dedicated to serving the community of Providence, Rhode Island, tackling poverty through entrepreneurship, innovative financing and other unique loan products and services.  Loans are provided to local entrepreneurs seeking capital for income-generating activities and to immigrants interested in applying for legal permanent residency or citizenship. Key staff members include several economics concentrators: Lily Tran, Finances Director (Applied Math - Economics), Cristina Celis, Loan Officer (Economics), and Haley Jordahl, Community Partner coordinator for Immigration Loans ( Economics and Development Studies).

Labor unions and the Ocean State have long been compatible. But Peter Howitt, professor of economics, says that may be changing since the current recession and the state’s efforts to create jobs are at odds with unions’ main goal of protecting wages.

Brown Honor Thesis makes it into Freakonomics Blog.

Economics concentrator Christian Ambrose Seale '09 is among 30 students and alumni receiving Fulbright grants for the 2009–2010 academic year.

The economic downturn is having a disproportionate effect on African Americans, according to this report on Newshour, which focuses on East St. Louis, Ill., where unemployment among black males exceeds 30 percent. Glenn Loury, professor of economics, says the lack of social capital among young black males inhibits their ability to get jobs.

The Economics Department soccer team, Random Walk, wins the 2009 Brown intramural soccer league championship.

Economics concentrator Eunice Png and fellow student Julie Sygiel were among the student track finalists in the 2009 Rhode Island Business Plan competition.

Economics concentrator Anish Mitra '10 comments on the University's decision to change the name of the Columbus Day holiday to Fall Weekend.

Twelve students, including economics concentrators Benjamin Mandel '09 and Gerard Bell ’09, are working together through an independent study to modify a weight machine so that the weight lifter’s motion will generate electrical energy.  The project grew out of the Brown Progress Initiative, an organization  Mandel founded last year to advance sustainable product design.

After commencement, more Brown economics concentrators and graduate students will be heading to graduate school or taking on professorships than pursuing jobs on Wall Street this year, according to Andrew Foster, professor of economics and chair of the department.

Economics concentrator Nick Hagerty '10 suggests two ways to improve undergraduate academics at Brown in a recent column in the Brown Daily Herald.

Boris Ryvkin '09, an economics concentrator, speaks out on the recent rally at the State House on the housing crisis and the federal stimulus package.

Economics concentrators Sam Byker '10 and Kirsten Howard '09 are among the founding members of the Brown Socially Responsible Investment Fund.  Professor of Economics Louis Putterman, chair of the Advisory Committee on Corporate Responsibility in Investment Policies, said Byker and Howard came to him for advice on how to get the committee more involved.

Economics concentrator Akshay Rathod '10 is one of 15 undergraduates who were named Royce Fellows for 2009.  Rathod will use his $4,000 fellowship to explore how the emergence of an urban youth culture in India has affected Bollywood films since the mid-1990s. Examining this youth culture, he will identify the reasons for its influence and the mechanisms through which it has shaped Bollywood industry, aesthetic, and film.

Glenn Loury presents the lead essay "A Nation of Jailers" for  the Cato Institute's on-line debate on mass incarceration. Reactions to Loury's essay include comments by the eminent scholars James Q. Wilson, John R. Lott, Jr., and Bruce Western.  

Professor Glenn Loury gave a public lecture in Torino, Italy on “Obama’s Election and the Future of Racial Classification in the US.” Watch a video of his talk.

Nathaniel Baum-Snow discusses why increasing the cost of driving cars, rather than simply expanding mass transit, is the best way to reduce the economic and environmental impact of fossil-fuel consumption with Today at Brown.

Glenn Loury's phrase “an nation of jailers” is resonating in the halls of Congress, where Senator Jim Webb (D-VA) is taking on the controversial issue of prison reform. Loury says the U.S. prison system “has grown into a leviathan unmatched in human history. ”

Economics concentrator Boris Ryvkin '09 tells Brown students that they should worry about the Obama budget in an article in the Brown Daily Herald.

Marian Wright Edelman discusses Glenn Loury's book, Race, Incarceration, and American Values, in her article A Look at Race, Incarceration, and American Values in The Huffington Post.

Andrew Foster, Ross Levine and David Weil discuss enrollment in undergraduate economics courses in Brown Daily Herald article.

Brown University's Annual Report profiles Ross Levine. Ranked among the ten most cited researchers in the field of world finance, Ross Levine is now turning his research lens on banking deregulation – and its surprising implications for poverty and human wellbeing.

Economics concentrator, Kirsten Howard '09, writes to the Brown Daily Herald sharing her views on the University's investment in energy efficiency.

Kfir Eliaz conducts an economics research survey in which students in varaious economics classes fill out a questionnaire and pick a chip out of a bag, paying out as much as $90 to participating students.

Will It Work? Professors Ross Levine, David Weil, and Peter Howitt discussed their views on the stimulus package and shared their overall outlooks for the economy on February 24, 2009, before a large audience in Salomon 001. All three took part in a similar panel discussion in October following the passage of a $700 billion government bailout of the financial sector. 
The discussion was sponsored by the Janus Fellows and the Office of the Vice President for Campus Life and Student Services. Watch a video of the discussion and read an article in the Brown Daily Herald.

First National(ized) Bank -- Bank nationalization used to be a term associated with socialist countries, not free-market democracies. But that's exactly what former Federal Reserve chairman Alan Greenspan and others are suggesting may be necessary to save the U.S. banking system, at least in the short term. A panel of experts, including Ross Levine, joins KQED Radio Forum with Michael Krasny to explain what nationalization would mean for banks and their customers.

The Treasury Department is looking at several alternatives to reinvigorate the ailing banking system, including investing in the common stock of banks. Ross Levine, professor of economics, says if Treasury takes that step, it will demonstrate that the government is serious about taking control of troubled institutions and protecting the taxpayer.

Glenn Loury has a conversation with John McWhorter of the Manhattan Institute about whether Barrack Obama's race really matters on bloggingheads.tv.  You can also hear an excerpt of their conversation  on The New York Times website.

Glenn Loury is interviewed on   ...Open Source with Chris Lydon about President Obama and the "black prophetic tradition." 

Ross Levine, professor of economics, says Treasury Secretary Timothy Geithner’s plan to attract private investment into the faltering banking system needs to work, and quickly. “If they don’t get it right in the next couple of months, they are locked into a failed policy,” according to Levine.

Professor George Borts comments on the possible appointment of Steven Rattner, a Brown alum and Corporation member, as President Barack Obama's "car czar", a new position that would be created to oversee a bailout of the American auto industry, according to multiple media reports.

Andrew Foster and Ivo Welch respond to Anish Mitra's '10 BDH article on the financial curriculum in the economics department ("A financial curriculum at Brown," Jan. 22). Part of the motivation for our finance curriculum is to prepare our students for a career in finance.

More than 30 students from the University helped spruce up Mt. Pleasant High School as part of a service project to honor the memory of Dr. Martin Luther King Jr. Chijioge Nwogu, an economics concentrator, was wielding a paint brush when he told the newspaper that “we have to do our own part. Hope alone can’t make change; it takes action.”

Professors of Economics Louis Putterman and David Weil have shown a correlation between current income inequalities among and within countries and the migration patterns of their populations hundreds of years ago.

Economics concentrator Anish Mitra ’10 discusses Brown’s finance courses in Brown Daily Herald article.

Ken Chay is mentioned in a blog on urban renewal and universities.

Pedro Dal Bo and his brother, Ernesto Dal Bo, report that although the Kennedy, Bush, and Clinton names inspire talk of political dynasties, the early U.S. Congress was truly a family business. Forty-five percent of the members of the first U.S. Congress had relatives enter Congress after them, compared with a still-high follow rate of about 10 percent now.

In a National Bureau of Economic Research working paper, Louis Putterman and David Weil introduce a "World Migration Matrix" showing that inequality among countries can be largely explained by where the ancestors of each country's people lived some 500 years ago.

Shares in almost every bank that received federal money in a government bailoutare below the prices the government negotiated, according to an Associated Press analysis. Ross Levine, professor of economics, says that devaluation represents the stock market’s lack of confidence in the plan. This AP story was carried in dozens of publications, including The Kansas City Star, The Charleston Gazette and The Arizona Republic.

Three economics concentrators -- Steven Daniels '10, Lisa Gomi '10, and Scott Lowenstein '10 -- are among the 14 students chosen to receive grants for overseas research next summer as participants in Brown’s new international study program.

Economics concentrator Eunice Png and fellow senior Julie Sygiel, won top honors at this year's statewide "elevator pitch" contest sponsored by the Rhode Island Business Plan Competition.

Professor Rachel Friedberg and economics concentrator Neil Vangala'08.5 speak with Brown Daily Herald about the recession and job opportunities for the class of '08.5.

Research by Quamrul Ashraf, Ashley Lester, and David Weil using estimates of how various health improvements affected different economic variables, such as schooling, and how schooling in turn affected adult wages, in a model of the economy to work out the broader impact of an increase in life expectancy is discussed in The Economist.

Economics concentrator, Tara Marie Gonsalves '08, receives a Fulbright award this year. Tara was one of 21 recipients who were selected from among 71 applications from Brown.

New research by Ross Levine, Alexey Levkov and Yona Rubinstein shows that when American states liberalised their uncompetitive banking markets between the mid-1970s and 1994, one of the little-noticed side effects was a reduced wage gap between blacks and whites.

Economics concentrator, Darren Howerton, pitches the winning business idea in this fall's Elevator Pitch Competition held last Saturday, 11/8/08. Darren's winning proposal was a GPS system with laser detection and radar. Abhishek Pruisken, an economics concentrator who already sells homemade Dutch waffle cookies around campus, was second runner-up.

In a Brown Daily Herald article, Glenn Loury, professor of economics, along with other Brown professors who study racial inequality, policy and politics, say Obama's victory was not just historic but also steeped in significance.

Glenn Loury, professor of economics, was invited by the British Broadcasting Corporation's World News Service to give Post-Election Commentary.

Glenn Loury, discusses the moral significance of Barack Obama’s presidency with Father William Franklin of the American Academy in Rome in a Bloggingheads.tv video.

Glenn Loury, professor of economics, debates whether the change Obama promises will go beyond the symbolic with John McWhorter of the Manhattan Institute on Bloggingheads.tv.

Glenn Loury, professor of economics, discusses Barack Obama's win with Joshua Cohen, editor Boston Review and professor at Stanford University.

Bill Moyers moderates an in-depth discussion on the complex role of race in the presidential election, with Glenn Loury, professor of economics, and Kathleen Hall Jamieson, director of the Annenberg Public Policy Center at the University of Pennsylvania.

Glenn Loury, professor of economics, weighs in on the notion that a small but influential group of voters who fear an Obama administration would address racial issues over economic ones. The collision between economic concerns and fear about electing a black president occurs mostly in a group of middle- and lower-class swing voters, according to the article.

A Pawtucket, R.I., family has been posting a tally of the national debt outside its home for the last 11 years in an attempt to draw attention to the growing figure. Recently they tacked up the daunting new total of $10 trillion. Peter Howitt, professor of economics, estimates that if the United States had to pay off the national debt immediately, every man, woman and child in the United States would have to pay more than $30,000.

Ross Levine introduces Lionel Barber, editor of the Financial Times, and a Brown parent, at a Family Weekend forum on October, 25, 2008. Mr. Barber discusses his publication’s view of the global financial crisis.

In an election when university employees are making record donations, Brown University professors are donating to Sen. Barack Obama's campaign by a factor of almost 10 to one over Sen. John McCain’s campaign. Nathaniel Baum-Snow, an assistant professor of economics who donated to Obama this year, said that Obama's style was more appealing to academics.

Brian Knight, associate professor of economics and graduate student Chun Fang Chiang have demonstrated, through a working paper, that depending on the credibility of a publication, voters are more likely to support the recommended candidate that the publication endorses. Knight and Chiang feature a data table that shows the estimated influence of the top 20 newspapers during the 2000 election campaign. The finding is particularly interesting considering the 2008 election endorsements.

The instability of the global financial market is leading some to call for the creation an international system for oversight of the world’s banks. Ross Levine, professor of economics, says several countries, including the United States and China, may resist such a system, claiming it would impinge on national sovereignty.

Federal Reserve Chairman Ben Bernanke indicated that he would increase the powers of the Fed to include regulating “asset bubbles,” such as the boom-and-bust housing market which precipitated the current financial crisis. Ross Levine, professor of economics, says Bernanke’s remarks signal a significant change in Fed policy.

The Treasury Department will undertake a major task in determining which banks should qualify for government funds in its recent plan to rescue ailing financial institutions. Ross Levine, professor of economics, says oversight is also needed to ensure recipients of the funds use them responsibly.

Fellows economists praise Paul Krugman, professor of economics at Princeton and this year’s recipient of the Nobel Prize in economics, for clearly enunciating complex economic ideas. Vernon Henderson, professor of economics, points specifically to Krugman’s insightful theory of how the economy of a city or town functions from the center to the periphery.

Professor Vernon Henderson's work cited in scientific background for 2008 Nobel Prize in Economics.

Ross Levine says numerous cross-country studies show that countries with deeper financial systems tend to grow faster, particularly if they have liquid stock markets and large, privately owned banks. Growth is boosted not because savings rise but because capital is allocated more efficiently, improving productivity. Read an article in October 9, 2008 edition of Economist.com.

Declining energy prices may be the only solace in an avalanche of bad economic news. Ross Levine points out that reduced energy demand in a slowing economy will also be a key factor in determining energy prices.Read an article in Projo.com.

David Weil and Ross Levine discuss the recent legislation to rescue ailing financial institutions. Both economists say the plan won’t immediately benefit banks in the current credit crisis, but neither predicts economic conditions will parallel the Great Depression of the 1930’s.

In an effort to help members of the University community understand the current financial crisis, the Economics Department held an open discussion on Friday, 10/3/08.  Professors Peter Howitt, Ross Levine, David Weil, and Ivo Welch and visiting lecturer Matthew Rothman briefly gave their views of the current financial crisis and answered questions from the audience. Watch a video of the Roundtable and read an article in the Brown Daily Herald.

Talking with Today at Brown, Ross Levine explains why he disagrees with the particulars of the Bush administration's economic bailout strategy.

Ross Levine discusses the role of the Federal Reserve and its monetary policy decisions in a week which saw both failures and bailouts of large financial institutions on Bloomberg Television.

Andres Idarraga, an economics concentrator who graduated this past May, was interviewed recently by the Today Show. Andres was a former inmate at the Rhode Island Training School and is now on his way to Yale Law School. Glenn Loury, who served as Andres' advisor, was also interviewed. The Today Show interview was aired on Friday, September 12, 2008.

Glenn Loury gave Brown University's opening convocation address this year, Wednesday, September 3, 2008, 12:00 noon on the Main Green. The title of his talk was "But, Is He One of Us? Reflections on Identity and Authenticity".

Following the Federal Reserve’s rescue of faltering financial institutions, academics and politicians are rethinking the role of the Federal Reserve. Ross Levine weighs in on this issue.

With the Democratic National Convention drawing closer, scholars are wondering how Obama’s bid for the presidency will affect discussions of race in America. Glenn Loury has discussed the impact of African American in the White House. Click here for the report in Real Clear Politics.

Yona Rubenstein's ground breaking new findings which he co-researched with Casey Mulligan of the University of Chicago, have been published in the August issue of The Quarterly Journal of Economics. This study on the gender wage gap, dispels the illusion of decades old beliefs and literature on the equality of men and women in the workforce.

Glenn Loury was a guest on Bill Moyer's Journal on June 20, 2008 discussing racial inequality in America through the prisms of the legacy of slavery and the current socio-economic landscape.

Glenn Loury, professor of economics, debates John McWhorter of the Manhattan institute about the trajectory of presidential nominee Barack Obama, and whether he can live up to expectations if he lands in the Oval Office in January.

Glenn Loury discusses the recent debate performance of presidential candidates with John McWhorter of the Manhattan Institute in a "blogging heads" video. Among other issues, they address why Senators McCain and Obama were unable to make eye contact with one another.

Glenn Loury debates Stanford political theorist Joshua Cohen in a video blog about how Republican vice-presidential nominee Sarah Palin’s relative inexperience will play out politically.

Glenn Loury holds an online video debate with John McWhorter of the Manhattan Institute, on whether presidential candidate Barack Obama has earned comparisons to Martin Luther King, Jr.

Oded Galor was named Herbert H. Goldberger Professor of Economics by the Brown University Corporation at its May 2008 meeting. Galor completed his B.A. and M.A. at the Hebrew University of Jerusalem and his Ph.D. at Columbia University. He served as Chilewich Professor of Economics at the Hebrew University, and at Brown he is a core faculty in the Population Studies and Training Center and a faculty associate of the Watson Institute for International Studies. Galor has been the editor of the principal journal in his field – the Journal of Economic Growth – since 1995, and he is editor of the newly established quarterly, Foundations and Trends in Economic Growth. In addition he has been a member of the editorial board of Economics and Human Biology since 2003 and the Journal of Economic Inequality since 2003); an associate editor of the Journal of Money, Credit, and Banking since 2004, the Journal of Population Economics since 2007, and Macroeconomic Dynamics since 2000; and a member of the advisory board of the Journal of Economic Research since 1997.

Ross Levine's research on banks taking undue risk is mentioned in an article on Banking Bailout in the May 15, 2008 edition of Economist.com and the May 17th print edition of The Economist.

Economics Concentrator, Johny Lin featured in the spring issue of Newsweek magazine Current

Economics Concentrator, Zindziswa Mc Cormick, has been named Udall Scholar by the Office of the Dean of the College.

Presidential candidate Barack Obama’s firebrand former pastor Jeremiah Wright re-entered the public domain with a speech at the National Press Club. Glenn Loury says Wright’s views are forcing African Americans to carefully examine Obama’s stance on racial issues.

Rachel Friedberg has been selected by the Dean of the Faculty to receive the William G. McLoughlin Award for Excellence in Undergraduate Teaching in Social Sciences for 2008-09. This is one of four University awards (humanities, social sciences, physical sciences, and life sciences) recognizing Brown faculty members for sustained and continued excellence in undergraduate teaching.

Anna Aizer has been chosen as a winner of the Henry Merritt Wriston Fellowship for 2008-09. The Wriston competition is one way the University recognizes the important contributions of our faculty to the mission of undergraduate education at Brown.

Glenn Loury is featured on the cover of the March/April 2008 Brown Alumni Magazine and in an article "A Nation of Jailers".

The U.S. Treasury has proposed an overhaul of the federal financial regulatory system in part to avoid financial crises like the one major lending institutions now face. Ross Levine discussed how many banks got into trouble in the first place.

Glenn Loury engaged in a blogging debate with John McWhorter of the Manhattan Institute about presidential candidate Barack Obama’s recent speech about race and religion.

Incarceration rates are significantly higher for African Americans and Hispanics than they are for whites, both in Rhode Island and nationally. Professor of economics Glenn Loury, among others, addressed this issue in a panel sponsored by Rhode Island Young Professionals, a branch of the Urban League of Rhode Island.

Africana studies professors Tricia Rose and Corey D.B. Walker moderated a panel on the role of race and gender in the 2008 presidential campaign. Speakers included political science professors Katrina Gamble, Jennifer Lawless, Darrell West and economics professor Glenn Loury.

Glenn Loury speaks to the Brown club of Boston on March 13, 2008 on Mass Incarceration and American Ideals.

Pedro Dal Bo, co-author of a study on congressional dynasties, was cited by Washington Post writer, William Booth, in his article titled “Relative Power”.

An academic study on presidential primaries by Brian Knight, an associate professor and Nathan Schiff, a graduate student was cited in the New York Times Editorial Board’s blog , 12/17/07.

Economics concentrator Scott Norton and his roommate Chris Ordonez talk with Providence Journal reporter about their new web company, havadot.

Students gather to pitch ideas for startup businesses.  Learn more about these Startup Dinners organized by Scott Norton, an economics concentrator and his roommate, Chris Ordonez.

An article by Roberto Serrano was cited in the public information release on the 2007 Nobel Prize in Economics.

Glenn Loury testifies before the U.S. Congress Joint Economic Committee's hearing on "Mass Incarceration in the United States: At What Cost?". For an audio playback of Glenn Loury's testimony please click here and then click on Listen to the Hearing at the bottom of the page. You must have Real Player on your computer to listen to this audiocast. You can fast forward to Glenn's testimony which starts at 30:10.

Ivo Welch's work with Sushil Bikhchandani and David Hirshleifer on "informational cascades" is mentioned in the October 9, 2007 New York Times article "Diet and Fat: A Severe Case of Mistaken Consensus."

Three Economics Department faculty were recently appointed to endowed and named positions: Ross Levine, James and Merryl Tisch Professor of Economics; Robert Serrano, Harrison S. Kravis University Professor of Economics; and Nathaniel Baum-Snow, Stephen Robert Assistant Professor of Economics.

Ross Levine gives intervew on the subprime mortgage market to Bloomberg TV (August 7, 2007).

Andrew Foster and colleagues research economics and fertility in India.

Bank Systems and Technology discusses Ross Levine's research on banking supervision.

Pedro Dal Bo's political dynasties paper was featured in the Primary Sources section of the Atlantic Monthly (June 2007).

Rachel Friedberg testifies before the House Judiciary Committee's Subcommittee on Immigration. For a video webcast of Rachel Friedberg's testimony please click here and then click on Video Webcast. You must have Real Player on your computer to see and listen to this videocast. You can fast forward to Rachel's testimony which starts at 1:16:27.

Glenn Loury, Merton P. Stoltz Professor of the Social Sciences and Professor of Economics, will chair the Committee on Slavery/Justice Research and Teaching Initiative. For the charge to the committee and its membership, please click here.

Ross Levine is interviewed by US Banker on "International-Rule Adoption May Harm Emerging Economies".

Glenn Loury gives lecture at SSDP regional conference titled "Racial Stigma, Mass Incarceration nd American Values."

Brown Daily Herald article on Glenn Loury being chosen to chair Slavery/Justice Research and Teaching Initiative Committee.

Calculating Attraction - An article written by the Providence Journal about Benjamin Safran's and Gabriel Lepine's honors theses.

Beachonomics - A Washington Post interview with Rachel Friedberg in the Turks and Caicos.

Conference in honor of Tony Lancaster

Econ 11 enrollment reaches record numbers

"Perspectives on research ---an undergraduate senior thesis project."

2007 Economics Honor Student Thesis Presentations

2006 Economics Honor Student Thesis Presentations

Herschel Grossman's Memorial Conference

In Memory of Herschel Grossman

Department of Economics Newsletter 2010

Department of Economics Newsletter 2009

Department of Economics Newsletter 2008

Department of Economics Newsletter 2007

Department of Economics Newsletter 2006

Department of Economics Newsletter 2005

Department of Economics Newsletter 2004

Department of Economics Newsletter 2003


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