Of particular interest in the wake of the financial crisis is the profession's approach to the study of financial institutions.

Financial education could have substantial implications for individuals’ well-being, even if the overall effects on the macroeconomy are not large.

Why should a poorer population sacrifice some prosperity to aid wealther populations?

We can question whether the economics profession adequately rewards speaking to the public but that public communication will be most valuable if it reflects recent advances in economic theory and quantitative analysis.

We reexamine the core in the adverse selection insurance economy first studied by Rothschild and Stiglitz (1976). Defining blocking in a way that takes private information into account, the core is sometimes empty. We define the coalition-proof core as the set of allocations which are blocked...