Todd G. Buchholz

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Todd G. Buchholz
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Todd G. Buchholz is an American economist, author, inventor, and business consultant. He served as Director of Economic Policy under George H. W. Bush and as managing director of Tiger Management. [2] Buchholz regularly contributes commentaries on political economy, financial markets, business and culture to media outlets such as The New York Times , The Wall Street Journal , and The Washington Post , as well as major television networks. [3] In his work, Buchholz has devised a number of economic theories and policy proposals and frequently makes forecasts about major economic turns and developments.

Contents

Life and career

Todd Buchholz holds advanced degrees in law and in economics from Harvard Law School, and from the University of Cambridge. [3] He was a Cambridge University fellow in 2009. [3]

From 1989 to 1992, Buchholz was Director for Economic Policy at the White House. [1]

Buchholz resides primarily in San Diego, California [ citation needed ] and travels the world delivering keynote presentations on economics, finance, and innovation to companies such as Microsoft, IBM and General Electric, as well as to governmental organizations. [2] He has lectured in the U.K. Parliament, as well as at the White House library and the U.S. Treasury.[ citation needed ]

Buchholz has been known to contribute commentary on political economy, financial markets, business and culture to the New York Times, Wall Street Journal, Washington Post, Forbes, Reader's Digest, PBS, CBS, and ABC News. [3] He once hosted his own special on CNBC. [3]

His books have been translated into 12 languages and include the best-selling New Ideas from Dead Economists . [3] [4] [5]

Buchholz's 2011 book Rush: Why You Thrive in the Rat Race, a "synthesis of neuroeconomics and evolutionary psychology,"[ citation needed ] was named a top ten book in the social sciences by Publishers Weekly, and a book of the year by the New York Post and Los Angeles Times . [6] In 2012, Rush was featured on the Charlie Rose TV show. [7] Buchholz's book The Price of Prosperity: Why Rich Nations Fail and How to Renew Them was published by HarperCollins in June 2016.[ citation needed ] The book received praise from economists including Lawrence Summers, former Federal Board vice chair Alan Blinder, Michael Boskin, and Glenn Hubbard.[ citation needed ]The Wall Street Journal named Buchholz's 2016 book The Price of Prosperity: Why Rich Nations Fail and How to Renew Them, one of eight "must-reads" for the summer of 2016. [8] Buchholz's other works include New Ideas from Dead CEOs, Lasting Lessons from the Corner Office, From Here to Economy, Market Shock, and Bringing the Jobs Home. Mystery novel The Castro Gene, another of his books, won a USA Best Books prize in 2007. [9]

Buchholz was a founder and president of the G7 Group, Inc., an international consulting firm. [2] [1] He has also been in charge of Victoria Capital, "which advises some of the world's leading investment funds on global strategies." [1]

In 2005, Buchholz was reported to be on a short-list for a White House appointment to the Federal Reserve Board. [10]

Buchholz co-produced the Broadway musical Jersey Boys . [3] Buchholz coauthored the musical Glory Ride, which "tells the true story of Italians sneaking children out of Fascist Italy on bicycles." [11] Glory Ride was performed in New York in January 2015, starring Tony Award nominee Josh Young, Alison Luff, and Quinn VanAntwerp. [11] It was then performed in London in November 2022 to sold out audiences at The Other Palace Theatre. [12]

He was awarded the Allyn Young Teaching Prize by the Harvard University Department of Economics [3] [1] and was named "One of the Top 21 Speakers of the 21st Century" by Successful Meetings magazine.[ citation needed ]

Buchholz invented the Math Arrow, [13] a mathematical matrix that makes numbers more intuitive to children. [3] He is the CEO of Sproglit, LLC, [14] which develops software and classroom materials based on the Math Arrow.

Economic Theories and Policy Proposals

Buchholz has devised a number of economic theories and policy proposals, presented in books, articles, and lectures:

Economic Forecasting

In his media and speaking appearances, Buchholz frequently makes forecasts about major economic turns and developments:

Related Research Articles

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<span class="mw-page-title-main">Economy of the United Kingdom</span>

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<span class="mw-page-title-main">Economy of the United States</span>

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<span class="mw-page-title-main">Economy of Venezuela</span>

The economy of Venezuela is based primarily on petroleum. Venezuela is the 25th largest producer of oil in the world and the 8th largest member of OPEC. Venezuela also manufactures and exports heavy industry products such as steel, aluminum, and cement. Other notable manufacturing includes electronics and automobiles as well as beverages and foodstuffs. Agriculture in Venezuela accounts for approximately 4.7% of GDP, 7.3% of the labor force and at least one-fourth of Venezuela's land area. Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports.

Business cycles are intervals of expansion followed by recession in economic activity. A recession is sometimes technically defined as 2 quarters of negative GDP growth, but definitions vary; for example, in the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The changes in economic activity that characterize business cycles have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examining trends in a broad economic indicator such as Real Gross Domestic Production.

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  1. Investments in human capital, such as education, healthcare, and encouraging the transfer of technologies and business processes, to improve productivity. Encouraging globalized free trade via containerization is a major recent example.
  2. Tax reduction, to provide incentives to work, invest and take risks. Lowering income tax rates and eliminating or lowering tariffs are examples of such policies.
  3. Investments in new capital equipment and research and development (R&D), to further improve productivity. Allowing businesses to depreciate capital equipment more rapidly gives them an immediate financial incentive to invest in such equipment.
  4. Reduction in government regulations, to encourage business formation and expansion.
<span class="mw-page-title-main">National debt of the United States</span>

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<span class="mw-page-title-main">Great Recession</span> Global economic decline from 2007 to 2009

The Great Recession was a period of marked general decline observed in national economies globally, i.e. a recession, that occurred from late 2007 to 2009. The scale and timing of the recession varied from country to country. At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations.

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<span class="mw-page-title-main">Post–World War II economic expansion</span> Long period of worldwide economic growth following World War II

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<i>The Great Stagnation</i> 2011 pamphlet by Tyler Cowen

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<span class="mw-page-title-main">Abenomics</span> Japanese economic policy since the 2012 re-election of Shinzo Abe as Prime Minister

Abenomics refers to the economic policies implemented by the Government of Japan led by the Liberal Democratic Party (LDP) since the December 2012 general election. They are named after Shinzō Abe, who served a second stint as Prime Minister of Japan from 2012 to 2020. Abe was the longest-serving prime minister in Japanese history. After Abe resigned in September 2020, his successor, Yoshihide Suga, has stated that his premiership will focus on continuing the policies and goals of the Abe administration, including the Abenomics suite of economic policies.

<span class="mw-page-title-main">Economic policy of the Donald Trump administration</span>

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<span class="mw-page-title-main">2013–present economic crisis in Venezuela</span> Ongoing event in Venezuela

The Venezuelan economic crisis is the deterioration that began to be noticed in the main macroeconomic indicators from the year 2012, and whose consequences continue, not only economically but also politically and socially. The April 2019 International Monetary Fund (IMF) World Economic Outlook described Venezuela as being in a "wartime economy". For the fifth consecutive year, Bloomberg rated Venezuela first on its misery index in 2019.

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The COVID-19 recession, also known as the Great Lockdown, was a global economic recession caused by the COVID-19 pandemic. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis. Within seven months, every advanced economy had fallen to recession.

References

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  3. 1 2 3 4 5 6 7 8 9 "About Todd".
  4. "American Economic Association books". aeaweb.org. Retrieved December 12, 2017.
  5. Todd G. Buchholz, New Ideas from Dead Economists (New York: Penguin, 2007)
  6. "Spring 2011 Adult Announcements", Publishers Weekly
  7. Interview with Charlie Rose Archived 2012-02-19 at the Wayback Machine
  8. "Eight Summer Vacation Must-Reads from the Wall Street Journal".
  9. The USA Best Books 2007 Awards, USA Book News
  10. "bwdaily/dnflash/jul2005/nf20050721_2381_db038". businessweek.com. Archived from the original on April 30, 2006. Retrieved December 12, 2017.
  11. 1 2 "Tony Nominee Josh Young to Star in Industry Reading of New Musical Glory Ride". TheaterMania.com. Retrieved December 12, 2017.
  12. Timoshina, Tatiana (October 6, 2022). "Glory Ride - A New Musical". The Other Palace Theatre. Retrieved February 5, 2023.
  13. "A picture tells a thousand words and a hundred and one numbers | Alex Bellos | Science". The Guardian. June 7, 2013. Retrieved December 12, 2017.
  14. "Sproglit: Educational Apps for Kids - Sproglit Educational Games". sproglit.com. Retrieved December 12, 2017.
  15. Buchholz, Todd (2016). The Price of Prosperity. HarperCollins. p. 36. ISBN   9780062405708.
  16. Buchholz, Todd G. (June 19, 2012). "Todd Buchholz: Washington Should Lock in Low Rates". Wall Street Journal. Retrieved December 12, 2017.
  17. "Treasuries Slump With U.S. Stocks, Metals as Crops Gain". Bloomberg.com. August 19, 2013. Retrieved December 12, 2017.
  18. Todd G. Buchholz (2012) Rush: Why You Thrive in the Rat Race. New York: Hudson Street/Penguin.
  19. "Instead of unemployment benefits, offer a 'signing bonus'". The Washington Post. Retrieved December 12, 2017.
  20. Todd G. Buchholz, (2007) New Ideas From Dead Economists. New York: Plume. p. 200
  21. "The US Economy's Dirty Secret | by Todd G. Buchholz". June 5, 2019.
  22. Buchholz, Todd G. (December 13, 2021). "Opinion | Biden Will Pay a High Price for Bread and Circuses". Wall Street Journal. Retrieved January 10, 2023.
  23. https://www.toddbuchholz.com/archives/1427 [ bare URL ]
  24. "Farmland Values and Credit Conditions" (PDF). Chicagofed.org. Chicago Reserve Bank of Chicago.
  25. "Oil headed for $50 a barrel? | On Air Videos". Fox Business. February 3, 2017. Retrieved December 12, 2017.
  26. "U.S. may still face debt downgrade: Buchholz". MarketWatch. Retrieved December 12, 2017.
  27. Hospitality Net. "This is No time for Hotels to Cut Back on Sales and Marketing | By David M. Brudney, ISHC, February 2009". Hospitality Net. Retrieved December 12, 2017.
  28. Whiting, Rick (June 2008). "Buchholz: U.S. Will Skirt A Recession". VARBusiness. 28 (6): 18.
  29. Buchholz, Todd G. (2007). New Ideas from Dead Ceos (1st ed.). HarperCollins. p. 136. ISBN   978-0-06-143765-6.
  30. "How Airbus's A380 Went from Wonder to Blunder". Wall Street Journal. February 19, 2019.
  31. Todd G. Buchholz, (1999) Market Shock. New York: Harper Collins. p.146.