‘Stratification’ Theory Tackles the Racial Blindspots of Orthodox Economics
Nov 2, 2016
Economist Darrick Hamilton and Institute President Rob Johnson discuss “stratification economics”, which addresses the failure of orthodox economics to see, explain and point to remedies for persistent racial inequality.
Cook: Race-blind economics distorts data
Oct 27, 2016
Scholar sees Institute for New Economic Thinking conference as an important opportunity to discuss issues of race and economics, and of Detroit’s past and future
What Caused Detroit’s Demise?
Oct 26, 2016
Historian Prof. Thomas Sugrue offers a critique of the conventional wisdom that roots the city’s fate in the racial tension of the tumultuous ‘60s and the decline of the auto industry.
The War on Crime, not crime itself, fueled Detroit’s post-1967 decline
Oct 24, 2016
In this Q-and-A, historian and National Book Award finalist Heather Ann Thompson argues that draconian police tactics in black Detroit neighborhoods had as much to do with the city’s decimation as white flight and lost jobs.
Oct 21, 2016
Improvements in data collection create potential for better outcomes for the LGBT community.
Clinton Likely to Win, But Struggle in 2020 Unless She Changes Course
Oct 20, 2016
Institute for New Economic Thinking President Robert Johnson, in an appearance of the CNN International show Quest Means Business, warns that the anger of Trump’s supporters is unlikely to ebb absent significant economic and political changes — and that this anger could be more successfully marshaled by a more skilled and sophisticated Republican challenger four years from now.
Why Can’t Economics See Race?
Oct 19, 2016
Theoretical dogmas that are literally blind to the causes of the racism that determines the economic fates of most African-Americans leaves the economics profession unable to comprehend or recognize remedies for a key driver of America’s crippling inequality. Instead, conventional economic models unmindfully shape policies that actually exacerbate racial conflict.
Who Picked the Pockets of America’s Households?
Aug 24, 2016
The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth.
The link between health spending and life expectancy: The US is an outlier
Aug 18, 2016
The US stands out as an outlier: the US spends far more on health than any other country, yet the life expectancy of the American population is not longer but actually shorter than in other countries that spend far less.
Stark New Evidence on How Money Shapes America’s Elections
Aug 8, 2016
Oversights of two generations of social scientists have weakened democracy.
A New Economic Paradigm to Fight Populism
Jun 15, 2016
Globalisation was once considered a doctrine of salvation - but it has produced too many losers and created a breeding ground for heralds of simplistic truths. It is high time for a new doctrine.
There Is a Way to Stop Machines From Making Americans Poorer
Jun 8, 2016
Technology will ruin America if we don’t compensate for its impact, warns Andy Stern.
When Economists Attack
Apr 20, 2016
How Gerald Friedman’s assessment of Bernie Sanders economic proposals prompted a rare public political spat among economists.
Different Models, Different Politics
Mar 9, 2016
Gerald Friedman responds to the Romers on the Sanders Plan.
Economic Forecasting Models & Sanders Program Controversy
Feb 26, 2016
The Romer/Romer letter to Professor Gerald Friedman marks a turning point. It concedes that there are indeed important issues at stake when evaluating the proposed economic policies of Presidential Candidate Bernie Sanders. These issues go beyond the political debate and should be discussed seriously between and among professional economists.