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“We do not publish papers about our own profession.”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?

The following is based on Chapter 1 of my forthcoming book, Crisis and Sustainability. The Delusion of Free Markets.

What do we need to do to get the financial sector back on track?

A recent New York Times article observed that Americans want action to address inequality. 2016 presidential candidates from both parties also acknowledge that inequality is a pressing concern. But not one of the candidates has proposed to do anything meaningful about it, sharing wealthy Americans’ (understandable) opposition to any solution (Scheiber 2015). Perhaps nothing has been done because there is nothing to do about it.

Reminder

Financial Times columnist Martin Wolf discusses his just-released book

“Political scientist Thomas Ferguson has documented how U.S. big business interests poured money into local and state elections to ensure positive support for their largely unpopular policies. What Ferguson calls “political investment” is the practice of spending serious sums on party competition to keep hand-picked, docile representatives in power.” — Duncan Cameron, Rabble

Can big data strengthen global inclusivity and trust?

Three American researchers, crossing the figures for growth and mortality due to the Covid-19 pandemic from many countries, conclude that containment is effective, provided it is accompanied by strong public subsidies.

“One of the main reasons Italy’s economy is in such dire straits is its strict adherence to the EMU’s macroeconomic rule book — in particular the rules on fiscal austerity and structural reforms — as Dutch economist Servaas Storm painstakingly details in his article ‘Italy: How to Ruin a Country in Three Decades’” — Nick Corbishley, Naked Capitalism

Social entrepreneur Jacqueline Novogratz discusses her book Manifesto for a Moral Revolution and the crisis facing a pandemic-riddled world.