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The philosopher and the tycoon, how Eric Hoffer Predicted the last election

In an opinion piece for the Wall Street Journal, Desautels Finance Professor Reuven Brenner examines the 1970 essay Whose Country Is America? by Eric Hoffer. Professor Brenner looks at how the essay seems to have predicted the tenor of the last US presidential election, as well as the histrionics that have rocked America since.

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Published: 28 Feb 2017

Macroeconomics, accountability and the 2008 financial crisis

In a recent essay for the inaugural issue of American Affairs, Desautels Faculty of Management professor Reuven Brenner writes that it is time to drop the macroeconomic myths that have been damaging us for decades, and put accountability back at the centre of our economy....

Published: 24 Feb 2017

Professor Brenner marks launch of American Affairs

Professor Reuven Brenner of the Desautels Faculty of Management was in Manhattan, NY on February 21 to mark the inauguration of American Affairs, a quarterly journal of public policy and political thought for which he is a contributing writer and serves on the Advisory Board. The launch was hosted at the Harvard Club with guests such as Peter Thiel, former CEO and Co-Founder of PayPal.

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Published: 23 Feb 2017

An immigration amnesty could be a real problem-solver for the US

It’s difficult to get a handle on how many illegal immigrants there are in the US, but the estimated number is around 12 million, with just over half being from Mexico. Yes, there is a criminal element hidden in these numbers, but it is safe to say that the majority are working and may even have families. Rounding them up and shipping them home would be a major undertaking, and could cause friction with Mexico.

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Published: 17 Feb 2017

When statistics lie: politics and the US education system

For 2014-15, the graduation rate from US high schools hit a record 83%. As far as statistics go, that’s one that anyone would love, but there’s more going on than you’d think — and, according to Professor Reuven Brenner, politicians and bureaucracies can make a statistic say nearly anything.

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Published: 10 Feb 2017

Exotic Interest Rate Swaps: Snowballs in Portugal

Authors: Vallee, B.,  Augustin, P.,  Rich, P.

Publications: Harvard Business Publishing 

Abstract:

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Published: 8 Feb 2017

MBA Students awarded second place in the Business for a Better World case competition

Congratulations to MBA students, Aman Arora, Timothy Lane, Santiago Monroy, and Jose Nunez Gutierrez, who were awarded second place in the Business for a Better World case competition. The team has been working since October on designing a global equity portfolio that advances the UN’s sustainable development goals, which culminated with a presentation in Davos, Switzerland on January 19th to a panel of high-profile judges....

Published: 20 Jan 2017

Who Are the Value and Growth Investors?

Authors: Betermier, S., Calvet, L.E., Sodini, P.

Publication: The Journal of Finance 

Abstract: 

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Published: 13 Jan 2017

2016 was a year of insanity. What’s next?

The year 2016 started with an insane US decision concerning the Middle East and the world: signing a deal on January 16 with Iran’s mullahs (a deal whose details have not been revealed to these days).

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Published: 9 Jan 2017

Trump (or Asia) will make the Metropolitan Opera great again

Though Broadway musicals (including Andrew Lloyd Webber and even the late Pavarotti’s occasional Atlantic City solo) do not compare in many minds to opera, Las Vegas has been discovering the long-forgotten relationship between gambling and culture.

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Published: 12 Dec 2016

Why is the media on the left? Why the contempt for workers?

I spent the first fourteen years of my life under communism. When my parents got out in 1962, I realized to my utter astonishment that much of academia was on the left, praising communism, rationalizing increased centralization of powers under a variety of jargons. Even the US was not immune to these ideas, and that the left and academia despised workers who wanted routine lives, rather than revolutions.

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Published: 5 Dec 2016

Detecting Illegal Insider Trading

A few years ago, Preet Bharara, the U.S. Attorney of the Southern District of New York, proclaimed that insider trading is “rampant” in U.S. securities markets, a quote well known to followers of financial markets and securities law. [1] Increased efforts by the U.S. department of Justice (DoJ) and the Securities and Exchange Commission (SEC) have been met with both success and failure....

Published: 1 Dec 2016

American discontent stems from the pretense of caring

Written by Reuven Brenner

"If we can prevent the Government from wasting the labor of the people under the pretense of caring for them, they will be happy,” Thomas Jefferson said.

The last few decades in the US showed that the “we” Jefferson referred to were not successful achieving this goal.

Read full article: Asia Times, November 3, 2016 

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Published: 24 Nov 2016

The pitfalls of infrastructure spending: Lessons from Canada

Written by Reuven Brenner

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Published: 24 Nov 2016

American discontent stems from the pretense of caring

"If we can prevent the Government from wasting the labor of the people under the pretense of caring for them, they will be happy,” Thomas Jefferson said.

The last few decades in the US showed that the “we” Jefferson referred to were not successful achieving this goal.

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Published: 4 Nov 2016

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