Daniel Altman is Big Think's Chief Economist and an adjunct faculty member at New York University's Stern School of Business. Daniel wrote economic commentary for The Economist, The New York Times, and The International Herald Tribune before founding North Yard Economics, a non-profit consulting firm serving developing countries, in 2008. In between, he served as an economic advisor in the British government and wrote four books, most recently Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy.
Big Think's chief economist discusses the fledgling Chinese shadow banking system that national leaders want to regularize.
Can we pack the entire human race into Missouri, the “Show Me” state? We might as well try, because when it comes to making important decisions, we humans have a […]
Economist Daniel Altman acknowledges that the student loan industry in the United States is a disaster. The obvious solution of government intervention by way of forgiveness could make things even […]
The next generation will have plenty of gadgets when it grows up, but will it be happier? We need to measure that more carefully.
Daniel Altman: The power of mobility has diminished enormously, because these days it’s much harder to close the gap with the highest earners. Thanks to rising inequality, the same level of mobility just can’t make as much difference anymore.
Why is a manufacturing job superior to a job in any other sector?
It’s cheaper to save people’s lives in poor countries than it is in rich countries. So how much is a life worth?
Growth comes first, then more jobs, and then, as higher incomes translate into consumption, more growth… and then more jobs… and then more growth… until the next recession.
The government itself may have lost $300 million for every day that Congress dithered. These statistics certainly sound depressing, but their importance can be hard to grasp without some concrete points of reference.
The bookies can change their odds whenever they want, completely at their own discretion.
If consumers thought about the economics of Restaurant Week, they might prefer to stay away.
Today I went into my closet and realized that I had an old pair of shoes that I no longer wore. The shoes are still pretty serviceable, so I’ve been […]
A little bit of game theory suggests how Edward Snowden's odyssey might end.
This week the New York Times published a story about Chinese investors snapping up property in the United States. Prices are rising here, but I don’t think these purchases are […]
Feedback is important to every large organization, and complaints are one of the ways that big companies get feedback from their customers.
A fetish for failure has been sweeping the blogosphere, the Twitterverse, and the broader market for ideas for a couple of years now. It’s ridiculous, and here’s why.
Unlike the hard sciences, macroeconomics has no airtight laws (with the possible exception of the law of supply and demand).
The presence of a pre-analysis plan can strongly affect the perception and production of statistical results.
The “intent to treat” format does not alleviate selection problems within the “intent to treat” group.
Daniel Altman offered predictions for what the global economy would look like 10, 20, 40 years down the road. How did he do with these predictions and what does it mean for economic opportunity around the world?
Today’s Medicaid could affect a small number of poor people within two years. Truly finding out how Medicaid might change their lives would take much longer. Moreover, Medicaid would change with time, too – and almost certainly for the better.
If you want to find out what the real final word is from the best thinking in economics, you finally have a place to go.
Bitcoin is just the first virtual currency to make it big – and you can bet it won’t be the last.
Big Think chief Economist Daniel Altman has a suggestion to end this long national nightmare: get rid of the corporate income tax.