Archive

By promoting unrealisitc models, economists have become part of problem rather than the solution

There is not one opioid crisis in America—there are many. And supply-focused measures won’t stop them.

Ben Power, who adapted the play “The Lehman Trilogy,” talks about the eponymous family’s role in the creation and destruction of American wealth

How free electricity could fight climate change and inequality

Returns on wealth exceed growth for more countries, more years, and more dramatically than Piketty has found

The state has long used law to back private money—with dire consequences, then and now

For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.

A collection of our research on populism, globalization and nationalism

One of America’s leading socialists discusses how a collectively owned economy would be structured, the limits of the welfare state, and what Keynes understood that Marx didn’t

Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why

The Chicago School’s weakening of antitrust law hurt the economy

Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.

“Facebook is undermining our country, our democracy.”

Low interest rate policy can only do so much to bring the relief to American borrowers that they deserve: past monetary policies, credit market regulations and stagnant labor productivity growth all get in the way. Interest rate policy activism is part of the problem, not the solution.

Facebook engaged in an elaborate bait and switch on user data: Privacy disappeared when competition did. Laws governing competition could change that.