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On June 2, 1965, under a mandate established by Title VII of the Civil Rights Act of 1964, the U.S. Congress created the Equal Employment Opportunity Commission (EEOC) to enforce federal anti-discrimination laws related to employment. The expectation was that African Americans would be prime beneficiaries of the EEOC.

This is a small paper on a big subject: the polarization of American politics since the mid-1970s. In its early stages this process bore more than a passing resemblance to the opening scenes of a Grade B disaster movie: With almost everyone’s attention focused elsewhere, a series of tiny, seemingly insignificant departures from long standing routines took place.

Climate change is a collective problem that has largely been addressed through market-based solutions focused on individual actors. Economics has been a driving factor behind this market approach. The push for continued and perpetual economic growth is seen by many as incompatible with climate action. What is the role of economics in addressing the climate crisis? Can existing economic paradigms deliver an equitable low-carbon future?

“Dina Srinivasan, a fellow with the Thurman Project at Yale University, noted how Google’s dominance in both search and display advertising are interrelated. Google’s power in the search market is not irrelevant to the advertising business, she noted in a recent academic paper.” — Ronan Shields

Dani Rodrik says that when ideas become conventional wisdom, we are blind to their limitations

The Washington Post cites William Lazonick’s INET paper on shareholder value

The idea of this blog is to engage current financial news and policy debates from the standpoint of the classics of monetary theory. We ask, “What would Bagehot say?”, “What would Minsky say?”, “What would Fischer Black say?” Like them, our starting point is the idea that capitalism is essentially a financial system, which means that we need to take a money view in order to understand how it works.

An INET organized panel under the auspices of the 2020 Trento Economic Festival

Corporate responsibility needs to evolve if businesses are going to rebuild trust and provide real value for society.

The University of Chicago’s Raghuram Rajan explains how inequalities in the education system lock in a hereditary hierarchy of success

The New York Times’ Binyamin Appelbaum explains the role Democratic presidents, from Kennedy to Obama, in moving economic policy to the right

“We do not publish papers about our own profession.” – Top Five Journal

UC Berkeley political theorist Wendy Brown talks to Rob Johnson about how the pandemic and protests against police brutality lay bare a crisis of neoliberalism.

Starting with the literature on the estimates of the natural rate of interest, this paper critically analyzes the modern practice of identifying the benchmark rate of monetary policy with an equilibrium or neutral interest rate reflecting “fundamental forces” unaffected by monetary factors.

If additional education is not the solution to racial inequality, what is?