News Archive: 2014


India’s air pollution policies more successful than water pollution ones: Michael Greenstone

Professor Michael Greenstone, The Milton Friedman Professor in Economics, the College, and the Harris School; Director of the Becker Friedman Institute; Director of the Energy Policy Institute at Chicago (EPIC); and Director of Urban Labs' Energy and Environment Lab says that effective environmental regulations in India are vital for the hundreds of millions of Indians who are seeing their life expectancy cut short due to high air pollution. And if India chooses to regulate greenhouse gases, it will be important for the world as India increasingly becomes a major emitter of greenhouse gases. 
October 9, 2014


Competition for ecological niches limits evolution of new species: Trevor Price

Professor Trevor Price, Department of Ecology and Evolution, University of Chicago, says that South America was an island for a long time. According to Professor Price, this geographic isolation prevented oscines from colonizing South America until recently: following a circuitous route, songbirds spread through Asia and into North America before finally arriving in South America just 15 million years ago.
August 14, 2014

The Role Of Family In Good Education Is Really Important: James Heckman

Professor James J Heckman, Henry Schultz Distinguished Service Professor of Economics, University of Chicago, says parents of children attending private schools are highly motivated and want to see their kids succeed. For example, in the United States now, we have many children from Mexican-American families and for whatever reason, the value placed on education is much lower. It is not uncommon to allow their children to drop out of school. They see the role of their child as following them, as doing certain kind of manual labour. They don't have any aspirations, maybe because they think there is no chance for their children in other occupations. Hence, a part of the whole notion has been to educate those parents about the value of higher education. 
August 4, 2014


The Federal Reserve Learnt the Lessons Of The Great Depression: Randall Kroszner

Professor Randall S Kroszner, Norman R. Bobins Professor of Economics, The University of Chicago Booth School of Business, tells how the Federal Reserve managed to avoid another Great Depression in 2008 and why it had to let the investment bank Lehman Brothers go bankrupt. The Federal Reserve learnt the lessons of The Great Depression that enabled them to prevent a repeat of the great crisis.
June 19, 2014