Mariano Torras is a Professor of Finance and Economics at Adelphi University. His Ph.D. is from the University of Massachusetts, Amherst, and he has published articles in scholarly journals such as Ecological Economics, World Development, and Journal of Economic Issues. He specializes in Ecological Economics, Development Economics, Institutional Economics, and Political Economy.
The magnitude of the economic shock we have seen ensures that many unpredictable spillovers and secondary effects are all but inevitable. It is what we are seeing in retail, offices, cleaning product businesses.
Across Long Island, layoffs that for some companies began as temporary measures following pandemic lockdowns are becoming permanent. In all, about 472 employees received pink slips over the past two m