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“Critics led by William Lazonick, economics professor emeritus at the University of Massachusetts Lowell, say buybacks starve companies of cash for innovation and worker pay, and favor executives aiming to jack up the stock prices because their compensation is increasingly stock-based. The buyback trend has become controversial since a 2014 article by Prof. Lazonick in the Harvard Business Review, “Profits Without Prosperity.” The S&P 500 companies that had been publicly listed from 2003 through 2012, he found, had spent amounts equal to 54% of their earnings for buybacks and 37% for dividends, leaving “very little for investments in productive capabilities or higher incomes for employees.” — Randall Smith

Foreign Policy editor Michael Hirsh talks about how both Republicans and democrats allowed multinational corporations to exploit international trade while allowing local communities to be devastated, which brought about Trump

13 million people looking for living wage work is not a “full employment” economy

This research project replicates a large number of studies by teaching replication to students, with the results included in a wiki project about the replicability of research.

Inequality and distribution—areas underserved by mainstream economics—sit at the heart of The Institute’s work. This program brings together researchers from a variety of disciplines to develop alternative approaches to the problem of inequality.

publishing • the job market • writing • teaching • mental health • work-life balance

How do we prepare for a world of constant shocks—climate disasters, financial crises, pandemics, conflict, and inequality?

Focusing on understanding the context in which innovation is possible, and examining the role of innovation in growth and distribution.

Further your understanding of the economy and find an open environment for generating and discussing economic thought.

The Role These Factors Play in Shaping Economic Knowledge and Behavior