Peter Purcell
Showing 1–2 of 2 transcripts.
- Milken Institute1h 4m
Who Gets What — and Why: The New Economics of Matchmaking and Market Design
Alvin Roth, Dan Ariely, Peter Purcell
Nobel laureate Al Roth explains how market design distinguishes between commodity and matching mechanisms to address structural frictions like exploding offers and congestion that cause real-world inefficiencies. By applying these principles to complex systems, he has facilitated life-saving kidney exchanges and proposed regulatory shifts for high-frequency trading and healthcare to align incentives with social welfare. Roth argues that intentional institutional redesign, rather than reliance on price signals alone, is essential for optimizing outcomes in labor, criminal justice, and education sectors.
- Milken Institute1h 24m
Where Is the Economy Headed? A View From the Presidential Campaigns
Michael J. Boskin, Leo Hindery, Jr., John McCain, Barack Obama, Mike Clouden, Peter Purcell
Economic advisors Leo Hendry for the Obama campaign and Michael Boskin for the McCain campaign engaged in a moderated policy dialogue at a Milken Institute event, debating critical issues including income inequality, the causes of the financial crisis, and the efficacy of global trade agreements. The participants presented divergent views on taxation, where Hendry advocated for repealing tax cuts for high earners to reduce deficits, while Boskin argued that such measures would harm the U.S. standard of living and cited technology rather than policy as the primary driver of inequality. Through structured opening statements and rebuttals, the forum highlighted deep disagreements on regulatory approaches to the mortgage crisis and the role of government intervention in stimulating the economy.