The Physician Banker

On Monday, the World Bank announced that its new president would beĀ American Jim Yong Kim. Unlike previous World Bank Presidents, who typically have economics, finance or business backgrounds, Kim is a physician who built his reputation developing public health programs for poor countries. Not everyone likes the decision. A physician with a doctorate in anthropology,…

Don’t always believe your local economist

The N.Y. Times ran an interesting pair of articles Sunday regarding how economists “got it wrong.” Conflict of Interest Ben Stein (in “The Long and Short of It at Goldman Sachs“) comments on the economic analysis conducted by economist Jan Hatzius of Goldman Sachs. Dr. Hatzuis concludes that the sub-prime mortgage ‘crisis’ will not only…