The arrogance of the disciplinarians — Roberto Rigobon

MIT Sloan Professor Roberto Rigobon

MIT Sloan Professor Roberto Rigobon

From The Hill

People love to use moral hazard as an excuse to inflict pain on others. So do governments, as we are seeing as the European Union once again threatens Greece with severe measures for that nation’s failure to fully implement the EU’s harsh austerity measures. The argument is extraordinarily simple: if a country cannot discipline itself, then we will teach it discipline through financial lashes. After all, didn’t Greece bring this pain on itself?

A similar mindset drove debt restructuring in Argentina in 2001. The U.S. treasury wanted to make Argentina an example for the whole Latin American region: If Argentina did not reduce its fiscal deficit to zero as promised, the argument went, the nation would deserve to suffer and the government would need to go. Indeed, Argentina did not reduce its deficit to zero, but it got it down to 0.6 percent in the third quarter of 2001. This effort by the Argentinean government was, unfortunately, unaccompanied by similar efforts in its provinces, but still, it was a massive success. But not to the enforcers, who basically said the efforts were not good enough.

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MIT Conference on the digital economy, London pre-show — David Verrill

David Verrill, Executive Director, MIT Center for Digital Business

David Verrill, Executive Director, MIT Center for Digital Business

David Verrill, executive director of the MIT Center for Digital Business sits down with Dave Vellante and Stu Miniman from theCube for the pre-show to the MIT Conference on the Digital Economy: The Second Machine Age to discuss the MIT Initiative on the Digital Economy.

MIT Initiative on the Digital Economy: http://mitsloan.mit.edu/ide/

On April 10, 2015, the MIT Digital Economy Conference: The Second Machine Age, led by Erik Brynjolfsson, director of the Initiative on the Digital Economy, and Andrew McAfee, co-director of the Initiative on the Digital Economy, featured a series of discussions that highlight MIT’s role in both understanding and shaping our increasingly digital world.

David Verrill is the Executive Director of the MIT Center for Digital Business. 

MIT Conference on the digital economy, London pre-show — David Schmittlein

MIT Sloan Dean David Schmittlein

MIT Sloan Dean David Schmittlein

MIT Sloan Dean David Schmittlein sits down with Dave Vellante and Stu Miniman from theCube for the live pre-show to the MIT Conference on the Digital Economy: The Second Machine Age to discuss MIT Sloan’s work on innovation and the digital economy, and how new technologies have changed the way we learn.

MIT Initiative on the Digital Economy: http://mitsloan.mit.edu/ide/

On April 10, 2015, the MIT Digital Economy Conference: The Second Machine Age, led by Erik Brynjolfsson, director of the Initiative on the Digital Economy, and Andrew McAfee, co-director of the Initiative on the Digital Economy, featured a series of discussions that highlight MIT’s role in both understanding and shaping our increasingly digital world.

David Schmittlein is the John C Head III Dean and Professor of Marketing at the MIT Sloan School of Management.

MIT Conference on the digital economy, London 2015 — Roberto Rigobon

MIT Sloan Professor Roberto Rigobon

MIT Sloan Professor Roberto Rigobon

MIT Sloan Professor Roberto Rigobon chats with Dave Vellante and Stu Miniman from theCube for the live pre-show to the MIT Conference on the Digital Economy: The Second Machine Age to discuss the Billion Prices Project.

MIT Initiative on the Digital Economy: http://mitsloan.mit.edu/ide/
Billion Prices Project: http://bpp.mit.edu/

On April 10, 2015, the MIT Digital Economy Conference: The Second Machine Age, led by Erik Brynjolfsson, director of the Initiative on the Digital Economy, and Andrew McAfee, co-director of the Initiative on the Digital Economy, featured a series of discussions that highlight MIT’s role in both understanding and shaping our increasingly digital world.

Roberto Rigobon is the Society of Sloan Fellows Professor of Management and a Professor of Applied Economics at the MIT Sloan School of Management.

MIT Conference on the digital economy, London pre-show — Erik Brynjolfsson and Andrew McAfee

Erik Brynjolfsson and Andrew McAfee

MIT Sloan’s Erik Brynjolfsson and Andrew McAfee

Erik Brynjolfsson and Andrew McAfee preview the MIT Conference on the Digital Economy: The Second Machine Age with Dave Vellante and Stu Miniman from theCube during the live pre-show.

MIT Initiative on the Digital Economy: http://mitsloan.mit.edu/ide/

On April 10, 2015, the MIT Digital Economy Conference: The Second Machine Age, led by Erik Brynjolfsson, director of the Initiative on the Digital Economy, and Andrew McAfee, co-director of the Initiative on the Digital Economy, featured a series of discussions that highlight MIT’s role in both understanding and shaping our increasingly digital world.

Erik Brynjolfsson is the Schussel Family Professor of Management Science, a Professor of Information Technology, and the Director of the MIT Center for Digital Business at the MIT Sloan School of Management. 

Andrew McAfee is the Principal Research Scientist at the MIT Center for Digital Business.