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The YSI Keynesian Economics Working Group is co-hosting a PhD seminar at the Nordic Post-Keynesian Conference entitled “Economics at the Edge”.

“Rich economies have more resources to spare to prioritise saving lives. And Wolf reproduces the Institute for New Economic Thinking’s now famous chart that refutes the idea there is a “trade-off” between saving the economy and saving lives. On the whole, those states that prioritised saving lives also lost less economic output. China is the standout case. But it isn’t just about how rich an economy is. The same chart shows that the states that suffered the biggest losses of lives and output include Italy, Britain, Spain, and France. The US and Belgium aren’t far behind.” —Alex Callinicos

This research project demonstrates the ways in which fact and value are entangled in economic concepts and the implications of this entanglement for the ways in which various economic problems are approached.

To mark International Women’s Day, Neva Goodwin argues that the crisis of income insecurity and longstanding gender inequality require a form of universal basic income that recognizes and rewards the value of household labor

To understand politics in America, follow the money. When we do, we find good cause to expect McConnell’s shadow to live long beyond his tenure.

This article originally appeared on Bloomberg

Evidence from Insider Trading in Banks

Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design

Eric Weinstein of Thiel Capital, a mathematician, physicist, and economist, explains the issues around economic thought and their potential consequences.

It’s day two of INET’s Conference in Bretton Woods and a new energy has filled the halls and sessions with the arrival of nearly thirty student attendees.

This paper analyzes the role of local spending, particularly on social welfare, and local inequality as factors in the Italian political crisis following the adoption in 2011 of more radical national austerity measures.

Our findings confirm the existence of a negative relationship between labor market slack and the wage share, and we find no tendency to return to a ‘normal’ unemployment rate associated with a stable wage share.

Increased borrowing by middle-class families with low income growth played a central role in rising indebtedness

Economics can be creative, it can be rigorous, it can be relevant.