Nov 15, 2018
Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return.
Jun 25, 2018
The Koch brothers scandal at George Mason University
Dec 22, 2017
Sen. Tammy Baldwin features arguments in questions to SEC nominees, pharmaceutical industry witness
This paper discusses household debt as a long term phenomenon that influences economies beyond crises.1 In other words, rather than look at how household indebtedness can lead to crises, I will focus on its surprising persistence at very high levels, and its interactions along the way with other key variables, such as public policies and spending. The first section describes some stylized facts and the final section explores the macroeconomic consequences.
Jan 24, 2017
Donald Trump’s presidency is a symptom of an interregnum between economic orders – a period that will result in a new balance between state and market. While his administration’s economic policies are unlikely to provide the right answer, they may at least show the world what not to do.
Jan 30, 2017
Professor Temin sees the US economy as bifurcated along lines analogous to the situation described in developing world economies by W. Arthur Lewis.
Nov 4, 2016
In an Al Jazeera documentary “In Search of the Great American Job”, Institute scholar William Lazonick offers some arch insights into the relationship between financialization — particularly the “shareholder value” ideology in corporations, which drives the transfer of profits to shareholders through stock buybacks — and job creation and inequality.
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.
Oct 21, 2016
Improvements in data collection create potential for better outcomes for the LGBT community.
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.
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.
Aug 8, 2016
Oversights of two generations of social scientists have weakened democracy.
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.
May 2, 2018
It’s time to connect political violence with economic violence.
Nov 13, 2017
The 2008 financial crisis was a shock to faith in entirely free financial markets. But the neoliberal assumptions underlying the previously dominant “Washington Consensus” continue to inform much Western commentary on China’s economy.