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I am the Robert M. Beren Professor of Economics at Harvard University.
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The Fiscal Future

2025-07-10 19:26:00

At 4:45 pm today, I will be giving the 2025 Martin Feldstein Lecture at the NBER Summer Institute on "The Fiscal Future." I believe you can watch the lecture live at NBER YouTube channel. In any event, I will post the video when it is available.

Or you can read the lecture by clicking here.

Today I Learned

2025-07-01 17:35:00

"Beginning in the last decade of the 18th century, firewood output increased from about 18% of GDP to just under 30% of GDP in the 1830s."

Source.

Stanley Fischer

2025-06-01 23:41:00

The world lost a great man today. Here is Stan's obituary in the New York Times.

Harvard Derangement Syndrome

2025-05-25 19:42:00

Fantastic article by Steven Pinker on the situation at Harvard. A tidbit:

And if you’re still skeptical that universities are worth supporting, consider these questions: Do you think that the number of children who die every year from cancer is just about right? Are you content with your current chance of developing Alzheimer’s disease? Do you feel our current understanding of which government policies are effective and which ones are wasteful is perfect? Are you happy with the way the climate is going, given our current energy technology?