Articles

The World Bank and IMF say developing economies can’t afford to have strong labor laws. Actually, they can’t afford not to.

200 years after Marx’s birth, a look at how two economists sought to reconcile his idea of common ownership with market mechanisms

Global public goods, from health to peace to security, crisscross national and social boundaries. We need a new economic theory to understand their pivotal role in the global economy.

Martin Luther King, Jr. and other civil rights leaders relied on black entrepreneurs to make their work possible

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

Ten years ago when Bear Stearns crashed, the Fed decided to bail out first, ask questions later. It was a mistake that set a bad precedent.

Banks are pushing for deregulation and roll backs of Dodd-Frank’s regular check-ups on their financial health. We should be worried. 

Banks have long had undue influence in society. But with the rapid expansion of a financial sector that transforms all debts and assets into tradable commodities, we are faced with something far worse: financial markets with an only abstract, inflated, and destabilizing relationship with the real economy. To prevent another crisis, finance must be domesticated and turned into a useful servant of society. 

Contrary to the neoclassical model’s assumptions, shifts in aggregate demand have persistent effects on GDP

The renowned feminist economist discusses the importance of heterodoxy, radicalism, and social justice to the discipline