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A new report examines the path to global social progress. Unfortunately, there are no easy answers

Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. We invited four scholars to start an online conversation by sharing their perspectives 

Widespread criticism of elites and their ‘experts ’ raises questions about how economists should perceive their role, and what role societies should give them. We invited four scholars to start an online conversation by sharing their perspectives 

How economics underperforms in diversity, and some potential remedies

In our two papers, we analyze how changes in personal and functional (wages versus profits) income distribution interact to produce different macroeconomic outcomes in different countries. On the basis of a stock-flow consistent model calibrated for the United States, Germany, and China, simulations suggest that a substantial part of the increase in household debt and the decrease in the current account in the United States since the early 1980s can be explained by the interplay of rising (top-end) household income inequality and certain institutions (e.g. easy access to credit, privately financed education and health care systems).

This year, I’m sharing an office with an econometrician on Mondays and with a geographer on Fridays (you don’t want to go into the subtleties of the French educational system).

On November 2nd, I was sitting in the Hayden Library Special Collection reading room at MIT, browsing archives on the undergraduate and graduate students’ discontent during the early 70s and the response of the economics department faculty.

Economists Claudia Sahm, Servaas Storm, and Pia Malaney share their views on the problem that has everyone freaking out. Here’s what it all means for your pocketbook – and your democracy.

US counties with prison labor often have lower wage and employment growth

Expanding, rather than cutting, Social Security is the solution

It’s time to prioritize mental well-being to avoid far-reaching economic and social consequences.

Colleges and universities need to be saved, not only from financial ruin, but also, all too often, from themselves.

Preface to the Japanese Edition of Golden Rule

Dr. Agnes Kalibata, President of AGRA, on how the Ukraine conflict has been a big wake-up call for many African governments, the huge importance of investing in soils, and her frustration at the slow pace of climate mitigation.

A response to economists who doubt our capacity to decarbonize while maintaining robust growth