Kenneth Rogoff
Kenneth Rogoff
Kenneth Saul "Ken" Rogoffis an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University...
bigger effect elsewhere global markets prices wages
Global markets have a much bigger effect on prices and wages in the U.S. and elsewhere than they did before.
money oil spend useful ways
Oil exporters have a lot of useful ways to spend the money,
activity attack doubt downside effect global increased negative regions risks
There is no doubt that the attack is having a negative effect on activity now in many regions of the globe, and that it has increased what were already significant downside risks to the short-term global outlook.
cheering economics economy-and-economics wonderful
It's a wonderful appointment. The whole economics world is cheering about it.
disaster europe future huge problem
It's a disaster for Europe and a huge problem for future growth.
global good growth means might oil rather year
this means that 2005 is only going to be a very good year for global growth, rather than the spectacular one it might have been but for oil prices.
jobs people united-states
The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.
player chinese world
The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.
people neighbor
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.
united-states tension capitalism
Unbridled capitalism in the United States can't be sustained socially. It leads to tensions.
benefits economy theory
Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the truth. Workers earned more as economies grew.
country moving past
There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.
benefits trade free-trade
The assertion that everyone benefits simultaneously from free trade is simply incorrect.
real problem capitalism
Unbridled capitalism will lead to some very real problems.