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“In “Private Equity’s Engagement With Health Care: Cause for Concern?” a report to the Institute for New Economic Thinking, researchers Eileen Applebaum and Rosemary Batt found that wages dropped at urgent care centers after acquisitions by private equity companies. They were 9 to 12 percent lower than hospital wages. More consolidation and Amazon’s relentless drive to suppress costs bode more of the same.” — Brian Alexander, Boston Globe

Stephanie Blankenburg, who heads up the Debt and Development Finance Branch of the United Nations Commission on Trade and Development, talks about the urgent need for the world to provide massive loan forgiveness to the developing world in response to the global economic crisis that the coronavirus pandemic has caused.

Rob talks to Nobel laureate economist George Akerlof about economics’ bias against the “soft” social scientific perspectives of anthropology, sociology, and psychology in favor of “hard” economic models that attempt to replicate iron-clad scientific laws. They also discuss how to reform the economics profession and the needs of a new generation of economists.

Robert Borosage, co-founder of the Campaign for America’s Future, talks about the what went well and what did not go well at the Democratic Convention and the Democrats’ failure to recognize that their own economic policies helped bring about Trump

Nelson Barbosa—Professor at the Getúlio Vargas Foundation in São Paulo, former Finance Minister of Brazil, and member of INET’s Global Commission on Economic Transformation—talks to Rob about how faith in the free market is eroding under the COVID-19 pandemic, and how the crisis will impact globalization.

Jayati Ghosh, professor of economics at Jawaharlal Nehru University in New Delhi and member of INET’s Global Commission on Economic Transformation, talks to Rob about the unique way the COVID-19 pandemic is affecting developing countries. They also discuss the developing global economic crisis, and the way young people in particular are responding.

There’s no turning back from humanity’s move to high-density living, says Ed Glaeser. The task of the century will be making cities more liveable.

What happens to Main Street when Wall Street fails? Japan expert David Weinstein squeezes a unique data set to answer this question.

This research project follows freed slaves from when they first applied for their land under the Southern Homestead Act until 1900 to learn how access to free land influenced their economic progress.

This research project develops, estimates, calibrates, and deploys a new class of stock flow consistent macroeconomic models to try to understand Ireland’s macroeconomic collapse since 2007.

Danny Quah—Dean and the Li Ka Shing Professor of Economics at the Lee Kuan Yew School of Public Policy in Singapore—talks to Rob about why the fast-moving “Ferrari” economy we’re used to is ill-suited for the pandemic, and why we now need a sturdier “Jeep” economy that can handle bumps in the road.

“A new international analysis by the Institute for New Economic Thinking found countries such as South Korea and New Zealand that focused on lockdowns early on in the pandemic, rather than preserving their economies, have gained control over the virus and are now seeing their economies grow, in contrast with the dire economic circumstances currently in the U.S.” — Mike Lugwig, Truthout

“Among those contributions, recent works highlight the deep, radical revision of axioms considered cystic: that hysteresis, the permanence of high unemployment rates over time, is a basic condition to keep inflation under control. Professors Walter Paternesi, Davide Roamniello and Antonella Stirati have empirically demonstrated that this thesis is not permanent and that long-term unemployment can be reversed without a significant spike in inflation (https://www.ineteconomics.org/research/research- papers / on-the-non-inflationary-effects-of-long-term-unemployment-reductions). Another flagship of themainstream that can fall apart.” — Carles Manera, The Worker

“Just now read this fascinating interview by Janine Jackson of fair.org (Fairness & Accuracy In Reporting) with Lynn Parramore of the Institute for New Economic Thinking on how hedge fund managers are damaging American companies by pushing company managements to do stock buybacks. Basically, stock buybacks force up the price of a stock, allowing shareholders to make megabucks when they sell. Such buybacks were difficult until the Reagan administration loosened the regulations in 1982. Why are stock buybacks bad ? Because they divert money from research, from new investments and innovation, and from raising wages. The interview with Lynn Parramore goes into the details.” — Daily Kos