Results for “Glenn Hubbard”

Walls are seductive though… what politician hasn't said, 'I can make it like the old-days again…' Bridges sound harder – how do you build them? What will they cost? Who will pay? In truth, build walls almost always yields a negative result.

Dean of Columbia Business School & Economic Policy Advisor

Our economic measures aren't wrong, they're incomplete. Smith noted that a successful economic system is one where everyone who participates can flourish. That's not about equality of outcome, but about the fact that everyone has the ability to flourish, equality of opportunity.

Dean of Columbia Business School & Economic Policy Advisor

If Smith were alive today, he'd say that in addition to the openness and competition and all the wealth we are creating, we need a sense of mutual sympathy and empathy. We need to give people the ability to compete.

Dean of Columbia Business School & Economic Policy Advisor

The genius of the classical economists was to think of economics and politics as the same. Remember, in Smiths' Day, there was no economics faculty, it was political economy. We may need to go back to that.

Dean of Columbia Business School & Economic Policy Advisor

We've had a collective gap of imagination around economic bridges. Lincoln used the government as a battering ram to bring opportunity to those left behind. The country was modernising, industrialising, and Lincoln wanted to empower people. We did that. Franklin Roosevelt did it with the GI Bill. We know how to build bridges; we just don't build them.

Dean of Columbia Business School & Economic Policy Advisor

Whether it's in economics, politics, or wider society, there's a debate about capitalism versus socialism; but I don't really think that's what's happening. If you look at the populist undercurrents around the world- it's really about walls & bridges. When there are big changes in the economy – like globalisation or technological change, the simple thing to tell voters is, 'we'll build a wall to protect you against those changes…' what you really need however, is bridges.

Dean of Columbia Business School & Economic Policy Advisor

You are all so smart… and this was so bad… how could your discipline have not seen it coming? Implicit in the Queen's question was the assertion that economists don't get out enough and talk to people in the wider economy.

Dean of Columbia Business School & Economic Policy Advisor

There is a problem with business leaders and the economics profession where we have celebrated the gains from neoliberal policies whilst only paying lip-service to compensating those left-behind.

Dean of Columbia Business School & Economic Policy Advisor

We've had a collective gap of imagination around economic bridges. We know how to build bridges; we just don't build them.

Dean of Columbia Business School & Economic Policy Advisor

If you eliminate dynamism, you don't have growth for anybody, everyone loses. Rather than just having some people who are disadvantaged, everyone becomes disadvantaged.

Dean of Columbia Business School & Economic Policy Advisor