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The current paper returns to the key questions of wages and incomes and how wealth effects cripple reliance on interest rates to control inflation.

Why the E-DSGE Framework Is Not Fit for Purpose and What to Do About It

As the pace of financial crises quickens and the volatility of economic shocks intensifies, we need new ways to understand and respond to instability. This program coordinates our research efforts on finance, macroeconomics, and monetary economics.

Economist James K. Boyce explains how to fight climate change and rising income inequality in one shot

The degree to which economics is isolated from the ordinary business of life is extraordinary and unfortunate.

Scientists have been sounding the alarm for decades about the severe global impact that rising temperatures will have on the environment, economies, and health outcomes, and ultimately humanity’s long-term survival. With disaster after disaster stacking up, the time for action is now.

From 28-30 June the Italian Association for the History of Political Economy will be gathering in Genova to ask the question “Whatever has happened to political economy?”.  Before the start of the conference, Rethinking Economics and the YSI Philosophy of Economics Working Group will host a workshop to discuss a related question: “Whatever happened to economics?”. Professor Geoffrey Hodgson will participate in our discussion.

COVID has meant unemployment for the many and a corporate profit-fueled windfall for the few.

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

The decline in productivity growth has a longer history

In his new book, Let Them Eat Crypto, Peter Howson cautions that the technologies are not just fraudulent but causing indefensible harm to both humanity and the planet.

What we’re reading: Recent statements from the IMF and the OECD highlight a growing call for new economic policy thinking in response to the specter of long-term stagnation

This is the question I’m supposed to answer for an experimental INET conference aimed at inspiring new thinking through interdisciplinary conversation and collective reflection without rules.

The biggest factor in accounting for the strength in the economy is the continuing importance of the wealth effect in sustaining consumption by the affluent.

The company’s focus on stock buybacks to increase shareholder value is a reminder of why so much of the value created daily by millions of workers ends up in the hands of the billionaires