Working Paper Series
Economic Consequences of the U.S. Convict Labor System
Prisoners employed in manufacturing constitute 4.2% of total U.S. manufacturing employment in 2005; they produce cheap goods, creating labor demand shock.
The Black Woman Economist Who Pioneered a Federal Jobs Guarantee
Feb 22, 2019
Decades before it caught on with other economists, Sadie Alexander was the first economist to recommend a government jobs guarantee in the US
Opioid Crisis Shows How Economic Inequality Kills
Feb 20, 2019
Pharmaceutical pushers like Purdue “couldn’t have done their dirty work” without America’s increasingly unbalanced economy
When the Middle Class Lost Its Wealth
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.
Money and the Unflappable Economist
Jun 25, 2018
The Koch brothers scandal at George Mason University
How Bill Cosby, Obama and Mega-preachers Sold Economic Snake Oil to Black America
May 2, 2018
It’s time to connect political violence with economic violence.
Working Paper Series
Industrial Structure and Party Competition in an Age of Hunger Games: Donald Trump and the 2016 Presidential Election
The U.S. presidential election of 2016 featured frontal challenges to the political establishments of both parties and perhaps the most shocking election upset in American history.
INET Grantee Lazonick’s Research Shapes DC Share Buyback Debate
Dec 22, 2017
Sen. Tammy Baldwin features arguments in questions to SEC nominees, pharmaceutical industry witness
China vs. the Washington Consensus
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.
A Burning Debt. The Influence of Household Debt on Investment, Production and Growth in US.
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.
Mexico, NAFTA, and the Future of the North American Economy
May 30, 2017 | 04:00—05:30
A discussion featuring Kenneth Smith, Head of the Trade and NAFTA Office of the Ministry of the Economy of Mexico, and Jay Pelosky, Principal of Pelosky Global Strategies.
Inequality, Globalization, and MacroeconomicsConference
USC Dornsife INET presents a conference on inequality, globalization, and macroeconomics
Apr 28–29, 2017
April 28-29, 2017, USC Dornsife INET is hosting a conference on inequality, globalization, and macroeconomics at the University of Southern California. The goal of this conference is to bring together leading researchers to discuss and present new approaches and new results on the relationships between inequality and macroeconomics and between inequality and globalization. Please direct any questions or comments to [email protected]
The Outskirts of Hope: Poverty in America
Apr 4, 2017
The “War on Poverty,” and the impact of public policy
A Public Comment on the SEC Pay Ratio Disclosure Rule
Mar 29, 2017
In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.
China’s Weapons of Trade War
Feb 25, 2017
A trade war would undoubtedly hurt both sides. But there is reason to believe that the US has more to lose. If nothing else, the Chinese seem to know precisely which weapons they have available to them. China could stop purchasing US aircraft, impose an embargo.