Econs and Humans

The economy, and economics, are in crisis. A severe recession is upon us, and the Obama Administration, although stuffed full of leading economists, has only the vaguest idea of how to fix it. The bursting of the housing bubble cast in doubt the reigning orthodoxy that financial markets can govern Wall Street. The institutions that fund housing over-extended themselves, granting mortgages to many home buyers who could not afford them. Banks woke up last fall to realize that many of the loans they held were worthless. Some banks failed; others were bailed out by the government. Further lending dried up, and growth reversed. The vast stimulus bill passed by Congress in February is a desperate attempt to restart the economy with a flood of cash. No one is at all sure it will work because panic reigns, an emotion that lies entirely outside conventional economics.

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Lawrence Mead is a visiting scholar at AEI.

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About the Author

 

Lawrence M.
Mead
  • Lawrence Mead teaches American politics and public policy at New York University. Known as one of the theoretical architects of the welfare reform of the 1990s, he has written several influential books in which he demonstrates that mandatory work requirements are essential to sound welfare policy. While at AEI, he researched how to institute a work requirement for nonworking poor men comparable to the work tests that were instituted for poor single mothers in previous welfare reforms.
  • Phone: 2129988540
    Email: larry.mead@aei.org

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Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
Graduation day: How dads’ involvement impacts higher education success

Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.

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Thursday, April 24, 2014 | 12:00 p.m. – 1:30 p.m.
Getting it right: A better strategy to defeat al Qaeda

This event will coincide with the release of a new report by AEI’s Mary Habeck, which analyzes why current national security policy is failing to stop the advancement of al Qaeda and its affiliates and what the US can do to develop a successful strategy to defeat this enemy.

Friday, April 25, 2014 | 9:15 a.m. – 1:15 p.m.
Obamacare’s rocky start and uncertain future

During this event, experts with many different views on the ACA will offer their predictions for the future.   

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