Trade and Growth

1986 ◽  
Vol 14 (4) ◽  
pp. 17-36 ◽  
Author(s):  
Lance Taylor ◽  
William A. Darity
Keyword(s):  
New York ◽  
Third World ◽  
Nobel Laureate ◽  
Developed Countries ◽  
Massachusetts Institute Of Technology ◽  
Lecture Series ◽  
Economic Association ◽  
Institute Of Technology ◽  
Contemporary Development ◽  
Trade And Growth

The National Economic Association introduced the W. Arthur Lewis Distinguished Lecture series in December 1985 at the Allied Social Sciences Association meetings in New York City. The Lewis Lecture is named in honor of the 1979 Nobel Laureate in Economics, much of whose research has been devoted to the problem of Third World economic development. In the same spirit, the Lewis Lectures are intended to explore the themes of global inequality, Third World poverty, and prospects and possibilities for change. The inaugural Lewis address was delivered by Lance Taylor, professor of economics and nutrition at the Massachusetts Institute of Technology. Taylor, an immensely creative economist, has led contemporary development economists in the analysis of disparities in the structural relationships between Northern (that is, more-developed) and Southern (that is, less-developed) countries. Taylor's subject matter, “Trade and Growth,” constituted both a provocative assessment of the state of knowledge in this area and a compelling indictment of the insights offered by conventional economics. Taylor's address, presented December 28, 1985, provides a sterling beginning to what promises to be an important lecture series.

Fundamental Techniques

2008 ◽  
Author(s):  
Jie Jack Li ◽  
Chris Limberakis ◽  
Derek A. Pflum
Keyword(s):  
Large Scale ◽  
Health And Safety ◽  
Nobel Laureate ◽  
Social Benefit ◽  
Chemistry Laboratory ◽  
Massachusetts Institute Of Technology ◽  
Environmental Health And Safety ◽  
Eye Protection ◽  
Institute Of Technology ◽  
Organic Chemistry Laboratory

What we do in a modern organic chemistry laboratory is serious business. While it can provide social benefit, basic scientific discoveries, and intellectual satisfaction, chemical experiment is not just fun, it can also be very hazardous, some experiments inherently so. Complacency is often observed by veterans and novices alike. One often forgets that chemistry is a potentially dangerous enterprise; a cavalier attitude often results in disastrous consequences. Therefore, extreme caution should be exercised at all time, especially when one handles large-scale reactions that are exothermic or when dealing with toxic chemicals. If a chemical splashes into your eyes, it could do serious and sometimes permanent damage to your vision. The most common forms of eye protection include safety glasses (with sideshields), goggles, and face shields. Prescription eye glasses are acceptable provided that the lenses are impact resistant and they are equipped with side shields. While at the Massachusetts Institute of Technology, Professor K. Barry Sharpless, the 2001 chemistry Nobel laureate, experienced an event that forever changed his life. Professor Sharpless normally wore his safety glasses, but one evening in 1970 he was examining a sealed nuclear magnetic resonance (NMR) tube without safety glasses. Unfortunately for Professor Sharpless, the tube exploded, spraying glass fragments into one of his eyes. The damage was so severe that he lost functional vision in the injured eye. Professor Sharpless’s own words summarize the importance of eye protection, “The lesson to be learned from my experience is straightforward: there’s simply never an adequate excuse for not wearing safety glasses in the laboratory at all times” (Scripps Research Institutes’ Environmental Health and Safety Department Safety Gram, 2000 (2nd quarter), www.scripps.edu/researchservices/ehs/ News/safetygram/). Laboratory gloves are an essential part of safe laboratory practice and must be worn while handling chemicals. Despite practicing good safety techniques, tragedy may still strike.

Book Reviews

2011 ◽  
Vol 49 (4) ◽  
pp. 1273-1278
Keyword(s):  
New York ◽  
Financial Crisis ◽  
Large Scale ◽  
Banking Regulation ◽  
Massachusetts Institute ◽  
Massachusetts Institute Of Technology ◽  
New York University ◽  
Industrial Economics ◽  
Institute Of Technology ◽  
Recent Financial Crisis

Matthew Richardson of New York University Stern School of Business reviews “Balancing the Banks: Global Lessons from the Financial Crisis” by Mathias Dewatripont, Jean-Charles Rochet, and Jean Tirole. The EconLit abstract of the reviewed work begins, “Three previously published papers explore what happened in the recent financial crisis and consider the lessons to be learned in order to avoid a repetition of the large-scale meltdown of financial markets, industrial recession, and public deficits. Papers discuss lessons from the crisis (Jean Tirole); the future of banking regulation (Jean-Charles Rochet); and the treatment of distressed banks (Mathias Dewatripont and Rochet). Dewatripoint is Professor of Economics at the Free University of Brussels, Annual Visiting Professor of Economics at the Massachusetts Institute of Technology, and Research Director of the Center for Economic Policy and Research. Rochet is Professor of Economics at the University of Toulouse I. Tirole is Chairman of the Foundation Jean-Jacques Laffont at the Toulouse School of Economics, Scientific Director of Toulouse's Industrial Economics Institute, and Annual Visiting Professor of Economics at the Massachusetts Institute of Technology. Index.”

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