Archive

Demand, Secular Stagnation and the Vanishing Middle-Class

A look at America’s strange and dangerous approach to medicine, and how to fix it

This note comments on Eric Weinstein’s, “How and Why Government, Universities, and Industries Create Domestic Labor Shortages of Scientists and High-Tech Workers,” posted recently on INET’s website.

The reaction to repressive political conditions that prevailed in Brazil during the 1970s helped to produce a commitment to diversity and tolerance among Brazilian economists.

The energy transition is happening. But the pace of change depends on a range of technical, business, and societal factors.

A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds

“The humility to accept that economic propositions cannot be universal would save us from self-defeating arrogance.” Economist Amit Bhaduri adds his perspective to our Experts on Trial discussion.

In his 2017 presidential address to the National Economic Association, Professor Darrick Hamilton warned that treating economics as a morally neutral ‘science’, and the discipline’s limited attention to structural barriers and overemphasis individual agency, has resulted in bad economics, and bad policy particularly as it relates to racial disparity.

Despite dismissive comments by the U.S. Treasury Secretary, facing the challenge posed by robotics replacing human labor raises key public policy questions 

The “War on Poverty,” and the impact of public policy

The decline in productivity growth has a longer history

Brazil’s current economic scenario does not resemble the emerging economy that until recently fueled the optimism of analysts and investors.

In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.

Long term labor shortages do not happen naturally in market economies.

The health crisis afflicting working-class Americans recalls similar symptoms in Russia following the collapse of communism