EconoMonitor

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Roubini Topic Archive: North America

  • The Budget Compromise: Congress Creates a Rube Goldberg Doomsday Machine

    Don’t you feel relieved? After weeks of threats, hostage-taking, and other forms of deficit terrorism, our two political parties have finally “compromised” on what was always a foregone conclusion. (As I write, we still await the Senate vote—but it looks like a done deal.) Washington got what it wanted—a down payment on destruction of the [...]

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  • Shock Doctrine and the Debt Limit

    Naomi Klein’s book, Shock Doctrine: The Rise of Disaster Capitalism argued that crises are intentionally created to push the free market agenda. In the midst of a crisis, followers of Milton Friedman are able to destroy social protection and to install a virulent version of free market capitalism. Some years ago I made a similar [...]

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Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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