Archive
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Article
Externalities and Public Goods: Theory OR Society?
Nov 19, 2015
How much does the standard theory of externalities and public goods really say?
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Working Paper
Working Paper SeriesThe American Dual Economy: Race, Globalization, and the Politics of Exclusion
Nov 2015
I describe the American economy in the twenty-first century as a dual economy in the spirit of W. Arthur Lewis.
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Working Paper
Working Paper SeriesThe Greek “Rescue”: Where Did the Money Go?
Nov 2015
This paper analyses the financial assistance provided to Greece in the first two rescue packages granted by the Troika (European Union, European Central Bank and IMF).
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Article
What Can We Really Know About the Future of Stock Prices?
Nov 17, 2015
A gap between theory and reality has haunted economists.
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Article
Printing Money
Nov 16, 2015
A radical solution to the current economic malaise.
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Video
The Global Haves And Have-Nots In The 21st Century
Nov 15, 2015
This is almost certainly the highest level of relative, and certainly absolute, global inequality at any point in human history. Is there anything we can do to reverse or mitigate this trend?
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Working Paper
Working Paper SeriesInequality, Debt Servicing, and the Sustainability of Steady State Growth
Nov 2015
We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.
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Working Paper
Working Paper SeriesDebt Servicing, Aggregate Consumption, and Growth
Nov 2015
We develop a neo-Kaleckian growth model that emphasizes the importance of consumption behavior.
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Article
To Fix Inequality and Steady the Economy, Think Radically
Nov 12, 2015
Sometimes a radical path is the most practical way out of a mess.
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Article
The Wesley Clair Mitchell medal : the AEA award that never came to be
Nov 11, 2015
Throughout its first 10 years operation, the John Bates Clark medal was constantly challenged. Many young economists found it biased toward theory, and demanded the establishment of a distinct award for applied work.
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Working Paper
Working Paper SeriesElasticity and Discipline in the Global Swap Network
Nov 2015
This paper sketches the outlines of the new international monetary system that has emerged in the aftermath of the global financial crisis.
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Video
Economic Growth, Climate Change and Environmental Limits
Nov 6, 2015
Will environmental limits, including limits on the climate system, slow or even halt economic growth? If not, how will the nature of economic growth have to shift?
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Webinars and Events
Understanding Inequality and What to Do About It
Discussion
Hosted by Human Capital and Economic Opportunity
Nov 5, 2015
A panel featuring Thomas Piketty, Kevin Murphy, and Steven Durlauf
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Working Paper
Working Paper SeriesDid Quantitative Easing Increase Income Inequality?
Oct 2015
The impact of the post-meltdown Federal Reserve policy of ultra-low interest rates and Quantitative Easing (QE) on income and wealth inequality has become an important policy and political issue.
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Video
Governance in Africa
Oct 29, 2015
A combination of leeway within the government and constitutional immunity during incumbency enables office holders to abuse their budget at will, which in turn creates a crisis of growth in Africa, relative to other parts of the world.