The Bookshelf: Five books with surprising insights into economic growth

George W. Bush Institute Originally Posted: August 6, 2018 by J.H. Cullum Clark As these five books illustrate, insights into economic growth sometimes show up in surprising places. Bruce Springsteen’s iconic song “Born to Run” topped the music charts and his book of the same title made the bestseller list, but most people don’t think of him as contributing to discussions of economic policy. Consider, though, that the story of economic growth is not just about numbers. It’s actually a story of people, creativity, near-misses, and improbable breakthroughs. And it teaches us that we can’t take growth for granted. Springsteen’s memoir Born to Run provides music fans with a highly readable account of the enormous commitment and sustained hard work at the heart of human [...]

By | 2018-08-07T18:36:00+00:00 August 7th, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on The Bookshelf: Five books with surprising insights into economic growth

Cullum Clark, Economics, some Dallas shops and eateries are going cashless

D Magazine Originally Posted: July 30, 2018 About two months ago, I walked into a Van Leeuwen ice cream store in Los Angeles. After ordering, I was befuddled to see my dollars bills rejected. “We only accept debit or credit card here,” the man behind the pastel yellow bar patiently explained. The experience threw me into a mini-existential crisis. Because this ice cream man only respected the value of something as intangible and digital as credit, I had to cough up some plastic to earn my scoop of dairy? Should I also be investing in Bitcoin, I panicked? Of course, I calmed down at the first taste of ice cream. My first encounter with a cash-free retailer was not my last. Stores and restaurants across [...]

By | 2018-07-31T08:25:33+00:00 August 2nd, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on Cullum Clark, Economics, some Dallas shops and eateries are going cashless

SMU alum moves company headquarters to Houston, announce residency at the world’s largest medical complex

PR Log Originally Posted: July 25, 2018 Edward Allegra, co-founder and CEO of BioLum Sciences graduated from SMU in 2014 with degrees in biology and economics. BioLum Sciences Announces Residency at JLABS @ TMC BioLum Sciences is pleased to announce residency at Johnson & Johnson Innovation, JLABS at the Texas Medical Center (JLABS @ TMC) - the world's largest medical complex. As a result, BioLum has relocated its company headquarters from Dallas, TX to Houston, TX. "The TMC ecosystem provides us with numerous opportunities for collaborations and partnerships that will undoubtedly play key roles in the commercialization of our technology," said Edward Allegra, co-founder and CEO of BioLum Sciences. "We couldn't be more excited to be surrounded by other startups and industry leaders who are at [...]

By | 2018-08-02T08:52:11+00:00 July 31st, 2018|Biology, Dedman College of Humanities and Sciences, Economics, Graduate News|Comments Off on SMU alum moves company headquarters to Houston, announce residency at the world’s largest medical complex

Danila Serra, Economics, The National Push To Integrate Women Into STEM Fields

University Network Originally Posted: July 24, 2018 Women now make up 45.8 percent of the professional U.S. workforce. Unfortunately, while many strides have been taken to integrate women into a broad range of professional occupations, the fields of science, technology, engineering and math (STEM) still hold significant gender gaps. But diversity fosters development in every work environment. “Diversity is at the core of innovation. Not just gender diversity, but diversity of thought,” said Joe Vacca, chief marketing officer of Revature, a leading technology talent development company. “It is imperative that we close the gender gap in technology.” Overall, women earn 57 percent of the college degrees, but the tech world is still very much a boys’ club. The problem lies in the social barriers that push women away from participating [...]

By | 2018-07-25T10:41:19+00:00 July 25th, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on Danila Serra, Economics, The National Push To Integrate Women Into STEM Fields

Klaus Desmet, Economics, Why Can’t We All Get Along? On Some Things, We Do

UCLA Anderson School of Management Originally Posted: July 18, 2018 Romain Wacziarg finds the narrative of a growing cultural divide, while partly true, conceals a more nuanced picture If you believe the pundits, Americans are divided as never before. Red states versus blue. Black versus white. Men versus women. Young against the old. This barely contained intramural warfare has created dysfunctional politics and is ripping apart the social fabric. Not so fast. Southern Methodist University’s Klaus Desmet and UCLA Anderson’s Romain Wacziarg suggest in a working paper that the picture is a lot more complicated — and not nearly so dire. Using nearly 45 years of survey data, the researchers conclude that, yes, there’s a divide over cultural values in the U.S. and that the [...]

By | 2018-07-23T07:52:53+00:00 July 23rd, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on Klaus Desmet, Economics, Why Can’t We All Get Along? On Some Things, We Do

The Boom in Urban Housing Prices is Holding Back Economic Growth

The Catalyst Originally Posted: Summer 2018 An Essay by J.H. Cullum Clark, Director for the Bush Institute-SMU Economic Growth Initiative Shifts in the dynamics of cities have impacted housing markets, causing prices for high-demand neighborhoods to skyrocket and leaving long commutes for those who can't afford the prices.  How can we avoid housing becoming a limiting factor in economic mobility? Stockton, California, to San Francisco is a 81.6 mile drive -- and not an uncommon commute. (Google Maps) Last year the New York Times ran a story on Ms. Sheila James, a 62-year-old woman who commutes two hours and 50 minutes each way between her home in Stockton, California, and her $81,000-a-year government job in San Francisco. The number of Americans like Ms. James with extreme commutes is growing, but their [...]

By | 2018-07-18T10:03:08+00:00 July 18th, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on The Boom in Urban Housing Prices is Holding Back Economic Growth

Bush Institute, SMU unite to repair nation’s cracking economic foundation

Dallas Business Journal Originally Posted: June 22, 2018 If the U.S economy were a house, it’d be one of the nicest in the neighborhood. It’d be big. It’d have curb appeal. But it would have cracks in the foundation. READ MORE

By | 2018-06-25T08:03:22+00:00 July 5th, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on Bush Institute, SMU unite to repair nation’s cracking economic foundation

Cities of Tomorrow Will Need Conservation and Sustainability

Inside Sources Originally Posted: June 25, 2018 Klaus Desmet, a Southern Methodist University economics professor, spoke with William McKenzie, editor of The Catalyst: A Journal of Ideas from the Bush Institute, about how cities across the country are competing to offer parks, green spaces and other urban amenities as a way to attract residents and jobs. The challenge is an increasingly competitive one in the service economy. Question: As you look at places like Dallas, Brooklyn and Denver, people are talking about making cities more livable, walkable and enjoyable. How did this renewed focus on parks, greenbelts and public spaces come about?  Desmet: One factor is a shift toward a more comprehensive view of wellbeing that is not simply based on income. We are becoming more focused [...]

By | 2018-06-28T07:39:35+00:00 June 28th, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Faculty News|Comments Off on Cities of Tomorrow Will Need Conservation and Sustainability

Klaus Desmet and Elfi Kraka named 2018 Ford Research Fellows

FORUM Originally Posted: May 31, 2018 Four outstanding SMU scholars named 2018 Ford Research Fellows Four SMU professors received 2018 Ford Research Fellowships during the University’s Board of Trustees Meeting in May. Pictured left to right: SMU President R. Gerald Turner, Adam Herring, Klaus Desmet, Elfi Kraka, MinJun Kim, and SMU Provost and Vice President for Academic Affairs Steven C. Currall. Photo credit: SMU | Allison Slomowitz Four distinguished SMU professors were honored for their scholarship as 2018 Ford Research Fellows. The awards were presented during the Board of Trustees meeting Thursday, May 8. This year’s recipients are Klaus Desmet, Economics, Dedman College of Humanities and Sciences; Adam Herring, Art History, Meadows School of the Arts; MinJun Kim, Mechanical Engineering, Lyle School of Engineering; and Elfi Kraka, Chemistry, Dedman College of Humanities and [...]

By | 2018-06-21T10:24:47+00:00 June 21st, 2018|Chemistry, Dedman College of Humanities and Sciences, Economics|Comments Off on Klaus Desmet and Elfi Kraka named 2018 Ford Research Fellows

New Bush-SMU institute hopes to become globally recognized source of economic policy ideas

Dallas Morning News Originally Posted: June 12, 2018 This article was written by Matthew Rooney, managing director and Cullum Clark, director of the Bush Institute-SMU Economic Growth Initiative. North Texas has one of the most successful regional economies in the U.S. Over the past three decades, Dallas has grown faster, exported more and added more jobs than nearly any other part of the country. It has attracted people from all over the world to live, work and invest here. But Dallas has not generally been a place where national or international economic policy is made. Until now. The George W. Bush Institute and Southern Methodist University recently launched the Bush Institute-SMU Economic Growth Initiative. This partnership is not unique — a number of the most influential and effective policy centers [...]

By | 2018-06-13T08:19:41+00:00 June 13th, 2018|Dedman College of Humanities and Sciences, Dedman College Research, Economics, Events, Faculty News|Comments Off on New Bush-SMU institute hopes to become globally recognized source of economic policy ideas
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