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Mallaby’s research shows that Greenspan knew more about the looming perils than people realize.

Black Lives Matter movement co-founder Alicia Garza, addressing the Institute’s Detroit conference on the economics of race, placed the turmoil created by the 2016 election in the context of a backlash against the gains made by social movements challenging racial and social injustice. She argued that those movements now need, more than ever, “to show up for one another” at a local level to protect those gains

Frank Dikötter explores previously classified Chinese leadership documents, and attempts to set the record straight.

Lance Taylor explains how missing the big picture is too common in the field.

Over the past two hundred years, poor countries have become faster at adopting the technologies of rich countries. So why is it, the economist asks, that poor countries have remained poor, by and large?

Did you know that, around 1920, Cleveland, Ohio, had a technological cutting edge not unlike Silicon Valley today? You probably didn’t. Margaret Levenstein tells the story.

Excellence and Conformity in Economics: how to set the incentives straight

“Conveniently for present purposes, Naked Capitalism posted a piece by political scientist Thomas Ferguson on the determinants of political decision making— that is, on the ‘product’ that elected representatives produce. The punchline: ‘money,’ as defined by the interests of corporate executives and oligarchs, is the overwhelming determinant of ‘political’ outcomes. Advancing the public will— the liberal explanation; or the public interest, the explanation offered for representative democracy, have no bearing. The longstanding practice of fitting political outcomes into these theoretical frames to ‘explain’ public policies is scientific malpractice given Mr. Ferguson’s findings.” —- Rob Urie

“Her omission understates drug spending by almost one-third, or about $145 billion. She claimed most drugs are developed in pharmaceutical firms, but funding from the National Institutes of Health contributed to all 356 new drugs approved by the Food and Drug Administration from 2010 to 2019. Drug corporations take a handoff after the most risky research is done and a drug shows promise.” — David Mitchell

“Blindly” Engaging in Global Supply Chains Can Erode Developing Nations’ Economic Power

Wall Street Journal

The Guardian

Destin Jenkins, Assistant Professor of History at the University of Chicago, discusses his book on municipal debt and its role in fostering racial capitalism in American cities.

“But some progressives are worried that “Biden is working backwards from identity,” as one longtime political observer put it, designing a cabinet stocked with diversity but less focused on making the changes that many progressives see as long overdue, both in terms of domestic and foreign policy. “I applaud the formidable progress in the diversity of cabinet and key administration appointments. It is long overdue for America,” said Robert Johnson, the president of the Soros-backed Institute for New Economic Thinking. “But it is not a substitute for taking on monied power interests to produce reform leading to broad-based prosperity. If identity politics is used as a mask to avoid that enormous challenge, it will be very dangerous for the already polarized politics of the USA.” — Michael Hirsh, Foreign Policy