Government & Politics
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Working Paper Series
The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class
May 2017
The U.S. economy is widely diagnosed with two ‘diseases’: a secular stagnation of potential U.S. growth, and rising income and job polarization. The two diseases have a common root inthe demand shortfall, originating from the ‘unbalanced’ growth between technologically ‘dynamic’ and ‘stagnant’ sectors.
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It’s Not Just Profit Wrecking American Healthcare
May 15, 2017
A look at America’s strange and dangerous approach to medicine, and how to fix it
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Working Paper Series
The Political Economy of Mass Incarceration: An Analytical Model
May 2017
This paper presents a model of mass incarceration in the United States, which has the largest proportion of its population imprisoned among advanced countries.
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India's Economic Challenges
May 9, 2017 | 04:00—05:30
A discussion with Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist of the World Bank.
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The Push and Pull of Inequality and Identity
May 3, 2017
Professor Dutt discusses how group identity is key to addressing inequality and how inequality can disrupt group identity.
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America is Regressing into a Developing Nation for Most People
Apr 20, 2017
A new book by economist Peter Temin finds that the U.S. is no longer one country, but dividing into two separate economic and political worlds
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PhD Workshop at the Fourth Nordic Post-Keynesian Conference
YSI
WorkshopApr 19–21, 2017
The YSI Keynesian Economics Working Group is co-hosting a PhD seminar at the Nordic Post-Keynesian Conference entitled “Economics at the Edge”.
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Against False Arrogance of Economic Knowledge
Apr 17, 2017
“The humility to accept that economic propositions cannot be universal would save us from self-defeating arrogance.” Economist Amit Bhaduri adds his perspective to our Experts on Trial discussion.
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The Moral Burden on Economists
Apr 13, 2017
In his 2017 presidential address to the National Economic Association, Professor Darrick Hamilton warned that treating economics as a morally neutral ‘science’, and the discipline’s limited attention to structural barriers and overemphasis individual agency, has resulted in bad economics, and bad policy particularly as it relates to racial disparity.
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Fiscal Union, Social Europe: Synergies and Tensions
YSI
WorkshopApr 13–14, 2017
The YSI Political Economy of Europe Working Group invites young scholars to partake in a Research Seminar aiming to investigate the interplay between fiscal policy in the European Union and domestic social policies of its member states.
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Making Innovation Work for China and other Developing Countries
Apr 12, 2017
Along the entire “innovation chain” — from research and development, to production and commercialization — government and private sectors have very different roles to play.
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The Outskirts of Hope: Poverty in America
Apr 4, 2017
The “War on Poverty,” and the impact of public policy
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Hungary Is Facing Dangerous Amendments to Its Education Law
Apr 3, 2017
The Institute for New Economic Thinking, a global network of distinguished economists, is deeply concerned by the news of proposed legislation in Hungary’s National Assembly that would prevent the free functioning of the Central European University.
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The paradoxes of fiscal austerity in Brazil
Mar 30, 2017
Brazil’s current economic scenario does not resemble the emerging economy that until recently fueled the optimism of analysts and investors.
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A Public Comment on the SEC Pay Ratio Disclosure Rule
Mar 29, 2017
In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.