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Extreme heat lowers nations per capita income — but cities could thrive even in hotter conditions: Matthew E Kahn

Matthew E. Kahn, Provost Professor of Economics at USC, discusses the impact of climate on economic growth and solutions offered by enterprise in an interview with Srijana Mitra Das.

Iran: Replacing Khomeini with Clinton

In an editorial last Monday, Kayhan, believed to reflect the views of the "Supreme Guide", claimed that now that the Islamic Republic has defeated the American "Great Satan" in the Middle East, it must deal with hyperinflation as "the greatest threat to

Iran: Replacing Khomeini with Clinton

Is Bill Clinton replacing Ayatollah Ruhallah Khomeini as the “Source of Emulation” (Marja’a taqlid) of the leadership in Tehran? Posed by an Iranian satirist the question cannot be dismissed as a tongue-in-cheek quip on the new discourse developed by the Khomeinist establishment. In July 1980 the late ayatollah who founded the Islamic Republic told a group of university professors that the new revolutionary regime should not waste time on economic issues. “We didn’t give so much blood for economic reasons,” he boasted. “Economics is of interest only to asses.”

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