DEPARTMENT OF ECONOMICS

“In a deeply researched and highly readable mix of history, economics, and geography, Louis Cain offers a fresh understanding of how Chicago came to be. As he guides us through the conditions and contingencies that went into the creation of this remarkable place, we see Chicago rise before our eyes,” says author Carl S. Smith.

“Despite the name, the main driving force behind the introduction of so-called ‘protective labor laws’ was men’s desire to be protected from labor market-competition, rather than an attempt to protect working women from harm,” Doepke explains.

In an interview on Minnesota Public Radio, Jackson lays out the bathtub model to illustrate changes in employment.

"Karlan, the most recent chief economist of USAID and a professor of economics at Northwestern, sat before a packed room to share insights on the current state of U.S. foreign aid initiatives in conversation with global finance expert Valerie Friedman, a Northwestern alum and member of the Board of Trustees."

"Economics professors from Stanford and Northwestern Universities determined that the economic damages of a warming climate are probably six times worse than we previously thought. According to their research, every one degree Celsius rise in global temperature (or 1.8 degrees Fahrenheit) leads to a 12% decrease in the world's gross domestic product."

"For Nakai, economics represented a gateway to social mobility. The field also offered a distinct framework for making sense of the world, especially when paired with a liberal arts education challenging Nakai to think critically about different subjects."

Prof. Jácome is among ten honorees, recognized for her proposal, Understanding the Decline in Male Employment.

Jackson explains that the decline goes hand-in-hand with school spending cuts, telling the New York Times, "many things can be true at the same time, but I’m confident that changes in school spending over time are a big part of it."