A “perfect storm” of events will collide in 2013 and throw the world back to economic crisis, warns New York University economist Nouriel Roubini. The economy will grow but at a sluggish pace, and those who haven’t priced that assumption into their investment models are going to pay.
“The second half is going to be slightly better than the first half only because the first half was awful.”
“Every economy in the world trying to push their problems into the future,” Roubini says.
“We are kicking the can down the road and all of this is going to come to a head in 2013.”
“I’m in favor of fiscal austerity but you have to not front load it. You have to commit to a medium-term plan. You have to cut spending and raise taxes,” Roubini says.
“The optimists say we are going to have 3.4 percent to 4 percent growth in the second half of the year. We have not had this growth rate even in the recovery so I can see growth being slightly above 2 percent, or at an average of 2.4 percent, but that means that growth is still below potential,” Roubini says.
“Unemployment remains high, housing is double dipping and you have the fiscal drag at the state and local governments and at the federal level, the stimulus is going away and QE2 is going away.”
The Institute for Public Knowledge (IPK) brings theoretically serious scholarship to bear on major public issues. Located at NYU, it nurtures collaboration among social researchers in New York and around the world. It builds bridges between university-based researchers and organizations pursuing practical action. It supports communication between researchers and broader publics. And it examines transformations in the public sphere, social science, and the university as a social institution as these change the conditions for public knowledge.
Roundtable held at the Institute for Public Knowledge
IPK Director
• Craig Calhoun | Director
• University Professor of Social Science | New York University
IPK Staff
• Samuel Carter | Assistant Director
• Assistant Director | Institute for Public Knowledge
• Jessica Coffey | Administrator
•
IPK Senior Fellows
• Arjun Appadurai
• Goddard Professor of Media, Culture, and Communication | New York University
• Richard Burdett
• IPK POIESIS Senior Fellow | Director, Urban Age Programme | The London School of Economics and Political Science
• Faisal Devji
• Reader in Modern South Asian History | Oxford University
• Eric Klinenberg
• Professor of Sociology at NYU | Editor of Public Culture | New York University
• Michael Likosky
• Director | Center on Law and Public Finance
• David Ludden
• Professor of History | NYU
• Peter Alexander Meyers
• Professor of American Studies | Université Paris III – Sorbonne Nouvelle
• Harvey Molotch
• Professor of Social and Cultural Analysis, Sociology | NYU
• Richard Sennett
• University Professor, NYU | Professor of Sociology, London School of Economics
• Judith Stacey
• Professor | Social and Cultural Analysis and Sociology
• Charles Taylor
• Professor Emeritus | McGill
• Peter van der Veer
• Professor | Max Planck Institute for the Study of Religious and Ethnic Diversity
Poiesis Fellows
• Ash Amin
• Professor of Geography | Durham University
• Nerea Calvillo
• Principal | C+arquitectos
• Peter Claussen
• Academic Consultant and Eco-Farmer | Former Director BMW Plant Leipzig
• Manthia Diawara
• University Professor | New York University
• Naresh Fernandes
• Editor in Chief | Time Out India
• Evelyn Fox Keller
• Professor, History and Philosophy of Science | Massachusetts Institute of Technology
• Gerald Frug
• Louis D. Brandeis Professor of Law | Harvard University
• Nilufer Gole
• Professor of Sociology | Ecole des Hautes Etudes
• Orit Halpern
• Assistant Professor, Committee for Historical Studies | The New School for Social Research
• Haiyan Huang
• Professor, School of Art and Design | Xi’an University of Technology
• Lou Kauffman
• Professor, Department of Mathematics, Statistics, and Computer Science | University of Illinois – Chicago
• Monika Krause
• Lecturer in Sociology | University of Kent
• Jesse LeCavalier
• Doctoral Candidate, Retail Logistics and Urbanism | Swiss Federal Institute of Technology, Zurich
• Klaus Mainzer
• Director of the Carl von Linde-Academy | Technical University of Munich
• Clapperton Mavhunga
• Assistant Professor, Program in Science, Technology, and Society | Massachusetts Institute of Technology
• Michael McQuarrie
• Assistant Professor, Department of Sociology | University of California, Davis
• Birgit Meyer
• Professor, Department of Social and Cultural Anthropology | VU University Amsterdam
• Wolfgang Pietsch
• Research Assistant in Philosophy of Science | Technische Universität München, Germany
• Saskia Sassen
• Robert S. Lynd Professor of Sociology | Columbia University
• Harel Shapira
• Postdoctoral Fellow | Institute for Public Knowledge
• Cassim Shepard
• Director, Urban Omnibus | The Architectural League of New York
• Alejandro Zaera-Polo
• Founding Partner | Foreign Office Architects
IPK Scholars
• Hillary Angelo
• PhD Candidate in Sociology | New York University
• Natalia Besedovsky
• PhD Candidate in Sociology | Humboldt Universität
• Ruth Braunstein
• PhD Candidate in Sociology | New York University
• Nandi Dill
• PhD Candidate in Sociology | New York University
• Simon Head
• Fellow | Rothermere American Institute, Oxford
• Kaisa Ketokivi
• Post-Doctoral Researcher, Lecturer | University of Helsinki, Finland
• Andreas Koller
• Research Fellow | Social Science Research Council
• Pierluigi Musarò
• Assistant Professor, Faculty of Political Science | Bologna University
• Laura Norén
• PhD Candidate in Sociology | New York University
• Martha Poon
• Visiting Scholar | University of California, San Diego
• Besnik Pula
• PhD Candidate in Sociology | University of Michigan
• Sasha Roseneil
• Professor of Sociology and Social Theory and Director of the Birkbeck Institute for Social Research | University of London
• Jennifer Telesca
• PhD Candidate | Media, Culture & Communication | | New York University
• Jonathan VanAntwerpen
• PhD Candidate in Sociology | University of California Berkeley
• Robert Wosnitzer
• PhD Candidate in Media, Culture, and Communication | New York University
IPK Alumni
• Esther Hio-Tong Castillo
• Masters Candidate in the Draper Interdisciplinary Program | New York University
• Ingrid Erickson
• Research Fellow/Program Officer | Social Science Research Council
• Nicolas Guilhot
• Program Officer | Social Science Research Council
• Hannah Jones
• Doctoral Student | Goldsmiths, University of London
• Joel Kahn
• Emeritus Professor, Sociology & Anthropology Program | La Trobe University
• Øjvind Larsen
• Professor of Philosophy and Sociology | Copenhagen Business School
• Ted Magder
• Associate Professor of Media, Culture, and Communication | NYU
• Manjari Mahajan
• Program Officer | Social Science Research Council
• Tey Meadow
• Doctoral Candidate | Department of Sociology, New York University
• George J.A. Murray
• Visiting Assistant Professor | Davidson College
• Willem Schinkel
• Associate Professor of Theoretical Sociology | Erasmus University Rotterdam, the Netherlands
• Amrita Shah
• Journalist and Nonfiction Writer
• Matthew Noah Smith
• Assistant Professor of Philosophy | Yale University
• Raluca Soreanu
• Research Associate | SOAS, University of London, UK
• Siovahn Walker
• Program Officer | Social Science Research Council
• Xuan Zuo
• Graduate Student | Beijing Foreign Studies University
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