With Official Unemployment This Low, Why Are Wages Rising So Slowly?
Why has wage growth been lousy in a supposed recovery? Thank your politicians for fostering the growth of the precariat.
Read more...Category Archives: The dismal science
Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...Dire Consequences of Ignoring Trade in Climate Change Targets: On Track to 3.5 C Temperature Increase by 2100
Astonishingly, climate change accords like Kyoto and Paris ignore the impact of trade. That omission means our collective goose is cooked.
Read more...Technology Change Not the Culprit in Wages Falling Behind US Productivity Gains
Larry Summers and Anna Stansbury challenge the idea that workers getting a smaller cut of the productivity gains pie is due to technology.
Read more...Growth-Equity Trade-Offs in Structural Reforms
There is a fear that certain reforms could further exacerbate inequality….
Read more...How Hunter-Gatherers May Hold the Key to our Economic Future
Their relaxed approach to work stemmed from their faith in the providence of their environment and confidence in their ability to exploit it
Read more...The Free Market Threat to Democracy
Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.
Read more...New Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost
A new study out of Bard will no doubt produce a hissy fit among orthodox economists…assuming they don’t succeed in ignoring it instead In The Macroeconomic Effects of Student Debt Cancellation, Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum present a detailed examination of the costs of cancelling all student debt, public and private. […]
Read more...Economies of States Versus Economies of Cities
Why are some cities doing better than the states they inhabit?
Read more...Labour Scarcity and Labour Coercion: Serfdom in Bohemia
Institutions are widely viewed as a fundamental cause of economic performance. But what are the causes of institutions?
Read more...Answers from the MMTers
Serious Economist Jared Bernstein asked some questions about MMT. MMT thinkers Stephanie Kelton and Randy Wray.
Read more...Reclaiming the Tax: Foregrounding the Public Covenant
Rethinking the MMT rhetoric around tax….and implications for policy prescriptions.
Read more...International Trade and Globalization: Are Benefits Truly Mutual?
Questioning economic orthodoxies on trade.
Read more...More Power to the Workers: Seymour Melman on Extraction by the Military, Managers, and Finance
Why workers are the nexus of production and prosperity.
Read more...Evidence from Peer Review That Women Are Held to Higher Standards
Evidence that women face higher obstacles to professional achievement than men.
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