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A meditation on Vercelli, Vernengo and Levitt & Seccareccia

In honor of the just-announced Nobel Prize in Economics for Daron Acemoglu, Simon Johnson, and James Robinson, we re-post an Economics and Beyond podcast episode from last year, featuring Johnson, discussing Johnson and Acemoglu’s latest book, Power and Progress.

On April 4th, 1967, at a time when the justness and necessity of the Vietnam War was broadly accepted, Dr. King issued a stirring rebuke of the U.S. establishment. He was criticized heavily for challenging US foreign policy; he was told to stick to civil rights.

Ben Bernanke, Douglas Diamond, and Philip Dybvig were honored for their work on financial instability

The election of Italy’s right-wing, populist government exposes the economic and democratic shortcomings of the European project and its nationalist rivals

Preface to the Japanese Edition of Golden Rule

Like many economists, I have enjoyed Axel Leijonhufvud’s “Life among the Econ” and nodded appreciatively when he described the social classifications of the Econ as “Grads, Adults and Elders” and chuckled when the young grad tries to impress the elders of the ‘dept’ through adept ‘modl’ building; so when the man himself was holding a glass of champagne and chatting with me at the INET conference, I had to ask how he got that paper started.

Frank McCourt discusses his work to reinspire hope in the American experiment, and to build the framework necessary for that better tomorrow.

Andrew Sheng, Distinguished Fellow at the Asia Global Institute, University of Hong Kong, talks about the love-hate relationship between the US and China and how both sides must learn to cooperate to address the world’s most pressing problems

Today’s richest Americans may soon blow past the tycoons of the Roaring Twenties. Lance Taylor explains why, and what to do about it.

The United States economy has come apart, with the rich getting richer and workers’ incomes not advancing at all.