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Umass Lowell Economics professor William Lazonick, outlines the history of how government policy and economic conditions contributed to the rise and fall of a Black blue-collar middle class. Part 2 takes a closer look at the role of finance and stock buybacks and what can be done to reverse the trend towards growing inequality.

ProMarket’s new “Addendum to Retraction,” written it appears in response to our recent INET post, doubles down on its critique of our piece which showed that it is feasible for increased output to lead to reduced welfare. The ProMarket addendum is notable for its economic errors.*

Cisco’s turn from innovation to financialization and what it means for the competitive position of the US information-and-communication-technology industry

The depth of the U.S. securities market helps ensure dollar hegemony

To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It’s still in process, and links, sources and entries will be updated as I read.

An interview with Gilles Yabi, executive director of the West African Think Tank WATHI, on food security in Africa

University of Bonn and Sciences Po economics professor Moritz Schularick talks to Rob about the soon-to-be-released book, Leveraged, which he edited based on papers from an INET-sponsored conference. The book takes a close look at what we have learned about the costs and causes of financial fragility since 2008.

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

There is a “tendency to neglect applied economics in writing the history of economic thought,” Roger Backhouse and Jeff Biddle remarked in 2000. They then followed the “applied” trail back into the XIXth and early XXth centuries, at a time the scope and nature of economics were debatted by continental and especially British political economists

The IMF and World Bank can no longer function as instruments that discipline some member countries while deferring to others. Their challenge is to transform the exercise of power among member countries into a framework of mutual respect and cooperation.

The field of economics is aggressively sexist and biased against new and unconventional ideas. Revelations about gender and ethnic discrimination show the need to reorient the whole system toward more freedom, respect, openness, and pluralism. But how?

The Straight Truth

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

In this interview, Dr. Folashadé Soulé and Dr. Camilla Toulmin speak with Pr. Mzukisi Qobo. Pr Qobo is the Head of the Wits School of Governance, University of Witwatersrand, South Africa.