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A major factor in the decline of inflation is the simple fact that America’s workers were, in general, unable to raise their nominal wages in line with the rise in the cost of living

Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.

Thomas Piketty and his colleagues have insisted that tax records are better for measuring inequality than income surveys. They’re wrong.

Umass Lowell Economics professor William Lazonick, outlines the history of how government and economic conditions favored the rise of a Black blue-collar middle class from the 1960”s to the 1970’s, and how shifts in policy and in the economy caused its unmaking from the 1980’s onwards.

Terrence McNally, the host of the podcast Free Forum: A World that just Might Work, interviews Rob about the current state of the world and what needs to happen for us to get out of the mess in which we find ourselves.

Banks are pushing for deregulation and roll backs of Dodd-Frank’s regular check-ups on their financial health. We should be worried. 

A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting

Reactions to the size of the proposed plan rely on discredited assumptions and betray a fundamental misunderstanding of economic growth—and austerity 

Arminio Fraga and Richard Vague bring their economic expertise to INET

A response to Phillip Magness in The Wall Street Journal

As empirical evidence continues to roll in, can the theoretical orthodoxy continue to hold their ground?

We have made progress but not enough to forestall crises

What have we learned about the American political economy from the crisis and its aftermath?

More on substance, coherence, and relevance in the Eurozone debate.