Fernandez-Villaverde, Jesus
2 Articles at Lifeissues.net

Jesus Fernandez-Villaverde is currently Professor of Economics at the University of Pennsylvania, where he serves as Director of Graduate Studies in the Economics Department, Visiting Professor at University of Oxford, Visiting Fellow at Nuffield College (Oxford), Visiting Scholar at the Federal Reserve Banks of Chicago, New York, and Philadelphia and the Bank of Spain, Advisor to the Hoover Institution at Stanford University’s Regulation and Rule of Law Initiative, and a member of the National Bureau of Economic Research and the Center for Economic Policy Research. In the past, he has hold academic appointments, among others, at Harvard University, Princeton University, Yale University, Duke University, and New York University, he has been Visiting Scholar at the Federal Reserve Banks of St. Louis, Minneapolis, Cleveland, and Atlanta, Research Professor at FEDEA (Spain), National Fellow of the Hoover Institution at Stanford University, Visiting Scholar at the Becker-Friedman Institute of the University of Chicago, Visiting Scholar at INET at University of Cambridge, Distinguished Visiting Professor at University of Melbourne (Australia), and he was the director of the Penn Institute for Economic Research.

Articles

New! Four Economic Lessons on Vaccine Development and Distribution: A Case Study of the U.S. and the European Union

The rapid spread of COVID-19 and the subsequent lockdowns have resulted in immeasurable economic costs and human suffering. In mere weeks, the pandemic disrupted travel, worldwide markets, and the intricate supply chains that pervade an increasingly globalized economy. As a result, this pandemic offers us the perfect case study for a number of important economic concepts.

Date posted: 2021-10-09

Artificial Intelligence Can't Solve the Knowledge Problem

The only reliable method we have found to aggregate preferences, abilities, and efforts is the free market. Through the price system, it aligns incentives with information revelation. This method is not perfect, and its outcomes are often unsatisfactory. Nevertheless, like democracy, all the other alternatives, including "digital socialism," are worse.

Date posted: 2021-07-31