Torgovitsky Awarded NSF CAREER GrantMarch 5, 2019
The Kenneth C. Griffin Department of Economics is pleased to announce that Alexander Torgovitsky has been awarded the National Science Foundation CAREER grant, the organization's most prestigious junior faculty award. The CAREER grant supports early-career faculty who "exemplify the role of teacher-scholars through [their] outstanding research, and the integration of education and research within the context of the mission of their organizations." Torgovitsky, whose recent work has focused on developing new methodologies for estimating demand and identification of causal effects, will be Principal Investigator on the grant entitled, “CAREER – Identification as Optimization.” The goal of the proposed research is to widen the choice of available methodology in a way that gives researchers more flexibility in exploring the assumptions-conclusions frontier. Torgovitsky joined the Kenneth C. Griffin Department of Economics faculty in 2017. (Photo courtesy Alex Torgovitsky)
Uhlig Op-ed: "The Good, The Bad, and the Ugly" of the US' $22 Trillion DebtFebruary 28, 2019
Prof. Harald Uhlig recently wrote a guest Op-ed for the political news website The Hill, discussing the ramifications - both negative and positive - of the United States' $22 trillion dollar debt, which now has reached
...well above 100 percent of GDP...obviously, debt levels will not stop there either. Is this cause for alarm? There are respectable voices on both sides of that debate. So, what is the truth? The truth is that economists (myself included) are always of two minds, much to the chagrin of politicians. I am not here to give you a simple answer. I am here to illuminate the tradeoff...
Read the full article at The Hill. Prof. Uhlig is the Bruce Allen and Barbara Ritzenthaler Professor in Economics and the College at the Kenneth C. Griffin Department of Economics at the University of Chicago.
Telser Chosen for Bancroft Library Oral History Project in Science, Technology, and MedicineFebruary 18, 2019
Prof. Lester Telser (PhD '56) has been selected for the Bancroft Library's Oral History Project in Science, Technology, and Medicine with 20 hours of interview video, Beyond Conventions in Economics. The Bancroft Library at the University of California at Berkeley states "Dr. Telser’s life work is the theory of the core, a variant of game theory that involves coalitions of agents as opposed to individuals working to maximize their advantage. He used sophisticated mathematics to study why and how certain forms of markets are organized without appeals to more established concepts in economics. As both a student and colleague at the Chicago Economics department and as a fellow at both the Cowles Commission and the Cowles Foundation, Telser is a key witness to the transformation of the field of economics after World War II." Telser is Professor Emeritus in Economics and the College at the Kenneth C. Griffin Department of Economics at the University of Chicago. (Photo courtesy of Leena Schwartz)