Archive
-
Collection
Economics of Race
Investigating race as a driver of economic destiny.
-
Article
European Ruling Highlights Apple's Corrupted Business Model
Aug 31, 2016
There is much for U.S. authorities to learn from the European example of forcing corporations to pay their fair share of taxes, but more far-reaching oversight of executives’ allocation of resources is also required
-
Article
Monetary Policy Family Reunion at Jackson Hole
Aug 31, 2016
Like any family reunion, the Jackson Hole Economic Symposium may have been as significant for what was said as it was for what was not discussed
-
Article
The Pros and Cons of a Universal Basic Income
Aug 29, 2016
In June of this year, Swiss voters saw an initiative on their ballots calling for an “unconditional basic income” that would “allow the whole population to lead a decent life and participate in public life.” Put on the ballot by a petition drive after it was rejected in parliament, the initiative was rejected by 77 percent of Swiss voters, with 23 percent approving.
-
Working Paper
Working Paper SeriesThe Mismeasure of Mammon: Uses and Abuses of Executive Pay Data
Aug 2016
Report to the Institute for New Economic Thinking on the statistical measurement and policy implications of the compensation of the highest- paid U.S. corporate executives
-
Working Paper
Working Paper SeriesThe performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies
Aug 2016
This paper analyzes the performative impact of the European Commission’s model for estimating ‘potential output’, which is used as a yardstick for measuring the ‘structural budget balance’ of EU countries and, hence, is crucial for coordinating European fiscal policies.
-
Video
Who Picked the Pockets of America’s Households?
Aug 24, 2016
The 2008 financial meltdown wiped out what was left of the savings of millions of American families, but Professor Edward Wolff says decades of income inequality had set the stage for the collapse of their household wealth.
-
Article
The link between health spending and life expectancy: The US is an outlier
Aug 18, 2016
The US stands out as an outlier: the US spends far more on health than any other country, yet the life expectancy of the American population is not longer but actually shorter than in other countries that spend far less.
-
Article
Demystifying Monetary Finance
Aug 17, 2016
The debate about so-called helicopter money is burdened by deep fears and unnecessary confusions: some worry that monetary finance is bound to produce hyperinflation; others argue that, in terms of increasing demand and inflation, it would be no more effective than current policies. Both cannot be right.
-
Video
Is Technology Killing Capitalism?
Aug 17, 2016
Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the incentive structures faced by economists themselves, necessitating a study of the “economics of economics”?
-
Article
Racial Wealth Gap Won't be Fixed by Education Alone
Aug 16, 2016
Renewed attention on America’s stark and growing racial wealth divide requires critical thinking on policy remedies
-
Article
General Equilibrium Theory: Sound and Fury, Signifying Nothing?
Aug 16, 2016
Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?
-
Article
The (Impossible) Repo Trinity
Aug 12, 2016
The untold story of shadow banking
-
Article
There Isn’t Really a ‘Mainstream’ at All
Aug 11, 2016
There is a mix of common-sense opinions, political prejudices, conventional business practice, and pragmatic rules of thumb, supported in an ad hoc, opportunistic way by bits and pieces of economic theory.
-
Working Paper
Working Paper SeriesPolitical Lending
Aug 2016
Using a unique dataset provided by the Center for Responsive Politics (CRP), we document a direct channel through which financial institutions contribute to the net worth of members of the U.S. Congress, particularly those sitting on the finance committees in the Senate and the House of Representatives.