Event details | Osher Lifelong Learning Institute


Event Details 
Our Changing Economics Landscape: Wealth Redistribution, Innovations, and Sustainability - Full Series
Wealth inequality has increased substantially in the U.S. in the past several decades, among the most severe in highly developed countries. Why has this happened and what are the implications? How do we fundamentally shift our policies and values to create greater equity and prosperity for the majority of citizens? What creative and innovative economic/financial technologies are in our future that could improve lives? These issues are explored through topics on redistributive policies, investments, innovations, and reforms with a view toward a more sustainable economic system. Thursday, 11/4: Whither Capitalism? What is capitalism? What forms does it take in the world today? What forms did it take in the past? What forms will it take in the future? As economic systems go, has it performed well or poorly? In this lecture, Jim Adams will discuss the meaning of capitalism, the criteria we might use to evaluate capitalism, and the varieties of capitalism that have existed over time and across the globe. One lesson to emerge from this exercise will be a recognition that governments and markets are not opposites: The varieties of capitalism consist of diverse ways of combining government and market mechanisms to achieve socially desirable outcomes. Important measures of "outcome" include not only GDP per capita but also the distribution of health, happiness, income, and wealth. Born in New York City and raised in East Lansing, Michigan, Jim Adams received three degrees in economics (AB summa cum laude, AM, and PhD) from Harvard University. In 1973, he joined the faculty of the University of Michigan, where his current title is Shorey Peterson Professor of Industrial Organization, Arthur F. Thurnau Professor, and Professor of Economics. Adams has won numerous prizes for his teaching, including the Amoco Foundation Award and the Golden Apple Award. The University of Michigan nominated him for both the U.S. Professors of the Year Award and the Michigan Distinguished Professor of the Year Award. In his research, Adams has studied public policies toward business in the United States and economic integration in Europe. His monograph, Restructuring the French Economy: Government and the Rise of Market Competition since World War II, is cited on both sides of the Atlantic. Adams has held numerous administrative positions, including chair of his department, associate dean of his college, director of the Program in Philosophy, Politics, and Economics, and director of the Center for West European Studies. He has held visiting professorships at six European universities, including the University of Paris I Panthéon-Sorbonne and the University of Paris Dauphine. He has advised the Federal Trade Commission, the U.S. Ambassador to France, and several foreign policy departments of the U.S. government. The father of two grown sons, he is married to a professor emerita of pediatric rheumatology. Thursday, 11/11 *TIME CHANGE 11:00am-12:30pm*: The Economic Impact of Harnessing Artificial Intelligence Artificial Intelligence technologies are expected to have a meaningful impact on the U.S. economy. After a brief introduction of AI from a technology perspective, we will learn about anticipated effects of AI on productivity and economic growth in the U.S. Further, how the U.S. should be thinking about policy (e.g., regulation) to address AI? We will also review the potential global effects on economies and societies, including competition among countries, and impacts on the wealth gaps between developed and developing countries. Robert Seamans (Ph.D., UC Berkeley) is an Associate Professor at New York University’s Stern School of Business and Director of the Center for the Future of Management. Professor Seamans’ research focuses on how firms use technology in their strategic interactions with each other, and also focuses on the economic consequences of AI, robotics and other advanced technologies. His research has been published in leading academic journals and been cited in numerous outlets including The Atlantic, Forbes, Harvard Business Review, The New York Times, The Wall Street Journal and others. In 2015, Professor Seamans was appointed as the Senior Economist for technology and innovation on President Obama's Council of Economic Advisers. Thursday, 11/18: Tax Policy and Wealth Inequality in the US: Trends and Remedies What is the relationship between tax policy and the economy; in particular, what policies tend to stimulate economic growth and employment? We will learn about U.S. trends in both income and corporate tax policies in recent years, reasons for these trends, and how they have contributed to our increasing wealth inequality. We will further explore a design for a more equitable income and corporate tax system for the US that could substantially reduce wealth inequality. Reuven S. Avi-Yonah specializes in corporate and international taxation. He has served as a consultant to the U.S. Department of the Treasury and the Organisation for Economic Co-operation and Development (OECD) on tax competition, and is a member of the steering group for OECD's International Network for Tax Research. He also is a member of the American Law Institute, a fellow of the American Bar Foundation and the American College of Tax Counsel, and an international research fellow at Oxford University's Centre for Business Taxation. In addition to prior teaching appointments at Harvard University (law) and Boston College (history), he practiced law with Milbank, Tweed, Hadley & McCloy in New York; with Wachtell, Lipton, Rosen & Katz in New York; and with Ropes & Gray in Boston. He has published more than 250 books and articles, including Advanced Introduction to International Tax Law (Elgar, 2019), Global Perspectives on Income Taxation Law (Oxford University Press, 2011), and International Tax as International Law (Cambridge University Press, 2007). Thursday, 12/2: The Economics of Migration We will consider how migration is transforming societies around the globe. Are receiving countries better or worse off when they welcome new immigrants? How can migrant-receiving societies do a better job welcoming immigrants? How do sending countries fare when their citizens leave? How can sending countries best harness international migration opportunities for development back home? Overall, is a world with international migration better off than a world without it? Dean Yang is Professor of Economics and Public Policy at the University of Michigan. His research agenda spans international migration, microfinance, health, disasters, and political economy. His fieldwork locations include El Salvador, Guatemala, Indonesia, Malawi, Mozambique, and the Philippines, as well as migrant populations worldwide. He teaches courses in development economics at the Ph.D., master, and undergraduate levels. A native of the Philippines, he received his undergraduate and Ph.D. degrees in economics from Harvard University. Thursday, 12/9: Cryptocurrency: Economic and Environmental Impacts and U.S. Policy Cryptocurrency is often in the news lately, yet its effects on the U.S. economy are complicated. After a brief introduction of cryptocurrency from a technology perspective, we will explore its role as an investment and/or a currency, and its potential effects on productivity and economic growth in the U.S. and globally. Further, we will understand why it has been used to pay ransom related to cyberhacking, and its environmental impacts due to its use of high levels of processing power. How should financial regulation policy address cryptocurrency in the U.S. going forward? Robert (Bob) Dittmar is a Professor of Finance at the Stephen M. Ross School of Business, the Faculty co-Director of the Ross Fintech Initiative, and the Faculty Director of the Tozzi Finance Center. His research focuses on empirical determinants of financial security prices, including equities, fixed income securities, and derivatives. His work has been published in the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, and Journal of Econometrics. Professor Dittmar received his Ph.D. in Finance from the University of North Carolina at Chapel Hill in 2000, and previously taught at the Kelley School of Business, Indiana University. He has taught courses at Ross in Fintech, Asset Management, Fixed Income Securities, and Options and Derivatives at the BBA, MBA, and Ph.D. level. Thursday, 12/16: How American Health Care Became So Chaotic How did the American health care system develop its fragmented, irrational form? The answer is found in an unlikely place—the construction of the modern insurance system through collective bargaining in industry in the postwar years. The organized economic power of industrial workers had a transformative effect on the health care market and reshaped health care policy, as workers’ efforts to preserve their own health and well-being interacted with emerging deindustrialization and rising social inequality. Gabriel Winant is a historian at the University of Chicago. His first book, The Next Shift: The Fall of Industry and the Rise of Health Care in Rust Belt America, was published this year by Harvard University Press.
Event Type : Thursday Morning Lecture Series      
Category : Series 2 - Economics
Date(s) : 11/04/2021 - 12/16/2021
Day of Week : Thursday
Time : 10:00 - 11:30 AM
Location : Online
Fee : $35.00
Event Status : OPEN