Kenneth Rogoff
Kenneth Rogoff
Kenneth Saul "Ken" Rogoffis an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University...
activity attack doubt downside effect global increased negative regions risks
There is no doubt that the attack is having a negative effect on activity now in many regions of the globe, and that it has increased what were already significant downside risks to the short-term global outlook.
bigger effect elsewhere global markets prices wages
Global markets have a much bigger effect on prices and wages in the U.S. and elsewhere than they did before.
global good growth means might oil rather year
this means that 2005 is only going to be a very good year for global growth, rather than the spectacular one it might have been but for oil prices.
money oil spend useful ways
Oil exporters have a lot of useful ways to spend the money,
disaster europe future huge problem
It's a disaster for Europe and a huge problem for future growth.
jobs people united-states
The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.
player chinese world
The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.
united-states tension capitalism
Unbridled capitalism in the United States can't be sustained socially. It leads to tensions.
benefits economy theory
Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the truth. Workers earned more as economies grew.
benefits trade free-trade
The assertion that everyone benefits simultaneously from free trade is simply incorrect.
average play perception
It comes as no surprise that average Americans have a different perception of the economy than (US President) George W. Bush and his friends. They can play around with statistics as much as they want, but it's clear that we have an unfair distribution of wealth.
country children men
I tell my children that a man like Bill Gates has a personal fortune of $100 billion. They can't even comprehend that. Then I explain that he has more money than some countries.
people fields affluent
It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.
growth causes share
Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.