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American Prospect editor Robert Kuttner talks about how the faith in Democracy and in the state have suffered tremendously over the past two decades, how it can be restored, and what impact this loss of faith will have on the Biden presidency

In her new book “Naked Feminism,” Victoria Bateman explains how economic conditions drive restrictions on women’s bodily freedom and why that freedom is critical to economic prosperity.

The rescue of Cyprus was a microcosm of how the nations of Europe have failed to work together to adequately address their ongoing financial crises.

Alchemy or Banking?

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

Patrick Lawrence, writer and executive editor of The Scrum, analyzes the roots of US foreign policy failures, how these are reflected in the current confrontation with Russia, which can be found the US establishment’s weddedness to power and to an unwillingness to see the other’s perspective.

This paper argues that (i) we have reached “peak GenAI” in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal of “Artificial General Intelligence” (AGI); returns are diminishing rapidly; (ii) the AI-LLM industry and the larger U.S. economy are experiencing a speculative bubble, which is about to burst.

China’s successful technological development path stands in contrast to the corporate financialization model in the United States

Hughes discusses his recent book Marketcrafters, and how markets are deliberately built with outcomes that can serve the public good – or not. He uses this lens to unpack today’s economic flashpoints, from the Fed to crypto to climate.

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.

Isabella Weber, assistant professor of economics at UMass Amherst, discusses her new book on how China managed its transition from central planning to markets

Recent austerity policies have been guided by ideology rather than research. This column discusses research that reconciles disparate estimates of fiscal multipliers in the literature. It finds that common identification assumptions are problematic. Matching methods based on propensity scores show how contractionary austerity really is, especially in economies operating below potential.

Why the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless