Saturday, July 8, 2023

Izabella Kaminska and The Central Bankers

 From The Blind Spot, July 7:

Sneak peek at POLITICO’s Morning Central Banker

As long-term readers will know, the Blind Spot operates in collaboration with Politico, where I am senior finance editor four days a week. In that guise, I’ve helped to launch an incredible new product, edited by Geoffrey Smith, focused on Central Banking (with a focus on the European Central Bank and the Bank of England specifically). The daily newsletter goes out every morning at 6 a.m. UK time, and is jam-packed with useful and actionable info.

And, well, because I think we’ve done some great work this week, and the message still needs to get out that there’s a new newsletter in town that doesn’t suck up to the powers that be aims to be properly independent, I thought I’d upload this week’s stash of emails for your perusal (for free) in PDF form.

Enjoy.

Morning Central Banker Monday July 3....

MORE (through July 7th)

Now, if she could wrangle an interview with Stanley Fischer....

.... Have I ever mentioned the MIT econ. Mafia?*
-----------
*Why yes, yes I have. but it is time to say, as an intro this third or fourth go-round, that despite its remarkable assemblage of students and teachers it is no Cowles Commission (now based at Yale and set up as a foundation, under the watchful eye of Professor Shiller)....

Here's MIT:

https://anticap.files.wordpress.com/2013/11/econ_mitcharticle04__01__960.jpg


Old graphic, Fischer was also Vice-Chair of the U.S. Federal Reserve Board.

On the chart of the MIT Econ mafia, Summers is southwest of Fischer and just above Samuelson.

The reference to the Cowles Commission was in relation to the Nobel Laureates who did work for Cowles, now hosted at Yale and known as the Cowles Foundation for Research in Economics. These include the current keeper of the Commission's/Foundation's records, Robert Schiller as well as William Nordhaus (currently listed as a staff researcher), Tjalling Koopmans, Kenneth Arrow, Gerard Debreu, James Tobin, Franco Modigliani, Herbert Simon, Lawrence Klein, Trygve Haavelmo and Harry Markowitz.

Weighing in with more Laureates than either MIT or the Cowles crew is the University of Chicago, last mentioned in June 21's "Why South Korea’s Housing Market Is So Vulnerable"
The University of Chicago has minted 20 Nobel Laureates, 14 of them in Economics.
(yeah, yeah, The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, not a real Nobel, blah, blah)

On top of the leader board is Cambridge University's Cavendish lab, which we usually note in reference to  Sir David John Cameron MacKay Kt, FRS, FInstP, FICE, Regius Professor of Engineering at the University of Cambridge and former Chief Scientific Advisor to the UK Department of Energy and Climate Change.

Cavendish Laboratory where 29 people who went on to win Nobel Prizes, mainly in physics but also the odd chemist .
 
No economists at Cavendish.
 
Now where was I? 
Yes, Izzy and the C-banks. Do go if you have the time and inclination. It's quite good