By Josh Herzberg On Tuesday, the Chicago Society held a debate on the minimum wage with Professors Casey Mulligan of the Economics Department and Ioana Marinescu of the Harris School. Tuesday’s discussion on the minimum wage felt representative of society’s discussion on the subject. The Economics Department’s Professor Mulligan, comfortable in his ivy covered tower, explained … Continue reading Theory and Empirics: Chicago Society’s Minimum Wage Debate
By Victoria Jones Yes, the Republicans have a majority in both chambers of congress, but, no, the world is not ending (yet). Keith Krehbiel, a professor at Stanford, has developed a model which he claims can predict policy outcomes*. The gist of it says the following: Imagine a one dimensional ideology map (i.e. a straight … Continue reading Midterm Election Results — What do they all really mean?