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“Researchers involved in a new study from Washington University say women could be in trouble financially for years to come because of significant job losses during the crisis. “We have to be somewhat concerned that the larger inequality effects of the current crisis could have these persistent impacts on wages and on career progress in all the groups that are disproportionately affected,” said Steven Fazzari, a professor of economics and sociology at Wash U who co-authored the study.” — Andrea Y. Henderson, St. Louis Public Radio NPR

Rob talks to activist and author Naomi Klein and to documentarian Avi Lewis about how the pandemic has spurred the “shock doctrine”: the sudden imposition of neoliberalism and austerity in response to a crisis. They also discuss the possibilities of a new international solidarity around a global Green New Deal.

William Spriggs, the AFL-CIO’s chief economist, talks about the inadequacies of the pandemic economic rescue package and how mainstream economic theory continues to fail everyone, but especially Blacks

Alan Light, veteran music journalist and host of “In The Light” on SiriusXM, talks to Rob Johnson about the social and political role of music and its relationship to youth culture over time. Light and Rob discuss how the silo-ization of music subcultures has faded in the streaming era, and how social media influencers are challenging musicians for the central place in youth culture.

This research project builds a new generation of models fit to analyze and manage the challenges of governing globalized and interconnected economies.

This research project constructs new measures of slavery as a state-sanctioned property rights institution and documents how slavery impacted economic development in US history.

Out of Ammunition? A discussion on central banking and secular stagnation with Larry Summers and Adair Turner

Andrew Smithers responds to Lance Taylor’s rebuttal.

Slight increases in national-average earnings for older workers mask long-run stagnation and decline in Michigan, Ohio, Pennsylvania and Wisconsin – states that unexpectedly voted for Donal Trump

How Penrosian Learning Confronts the Neoclassical Fallacy

This year’s American Economics Association conference featured INET researchers, a cocktail reception, and a new interactive poll 

This morning, when I woke up a few hours before the Nobel announcement, I felt seriously dissatisfied. I had meant to write a post on Thomson Reuters’s prediction that Card, Angrist and Krueger may win the Nobel for their work on empirical microeconomics.

Gisele Huff, education policy specialist and president of the Gerald Huff Fund for Humanity, along with john a. powell, director of UC Berkeley’s Othering & Belonging Institute, talk about the motivations and process behind the soon-to-be-released report, “Convening on Automation, Opportunity, and Belonging: Vision and Foundations for a Better Society.”

The global financial crisis—and the Great Recession that followed—have inflicted tremendous economic and social damage across the world. Thankfully, we now appear to be on the path to recovery—though it remains sluggish and uneven, and in need of continued policy support in many advanced economies.

We need a dual approach to AI: steer technology in the short term while building new systems for the long term.