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Most sociologists believe that formal and informal institutions are more critical in explaining the rising inequality observed in advanced economies. In this light, changing institutions such as the ascendance of shareholder-centered corporate governance model, finance-friendly policies since the late 70s, credentialism, and deunionization all contribute to the earnings dynamics at different parts of the distribution.

The idea is finally catching on, but many still miss how deeply it’s driving inflation, masking wage losses, and complicating recovery.

Honorary Vice President at IMANI Center for policy and education, Bright Simons, on the challenges Ghana is facing

Donald Trump’s presidency is a symptom of an interregnum between economic orders – a period that will result in a new balance between state and market. While his administration’s economic policies are unlikely to provide the right answer, they may at least show the world what not to do.

Summers and Stansbury mark a dramatic shift from New Keynesian orthodoxy, but only make it halfway to understanding the demand-driven nature of stagnant growth

Inaugural conference addresses pressing issues around emerging technologies’ impact on economies and communities

What is the relationship between pluralist economics and interdisciplinary socio-economics? How does pluralist academic teaching need to be structured in economics or business administration in order to be successful? What should interdisciplinary socio-economic study programs look like, and how should teacher training in the field be designed? What kinds of new study materials, textbooks, and teaching methods are required?

Veteran researcher sheds light on what’s going on, how long the pain might last, and possible paths forward.

Jonathan Haidt deploys insights from moral psychology to help us see ourselves and each other more clearly

From physicists to engineers to meds to plumbers: thoughts on Esther Duflo’s ASSA 2017 lecture on rediscovering the last art of economics

Central bankers pursue a “neutral” rate that doesn’t exist

Europe’s social media crackdown is less about “speech wars” than a long-overdue attempt to price the public damage created by large platforms.

The vision of Dr. Martin Luther King Jr. 50 years later, and the relevance of his economic ideas today

The theoretical approaches to analyzing crises have behind them contrasting conceptions of the way the economy works

Patrick Honohan, Governor of the Central Bank of Ireland, discusses the Irish banking crisis.