Inequality & Distribution
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Questions to Consider on Robots and Jobs
Apr 6, 2017
Despite dismissive comments by the U.S. Treasury Secretary, facing the challenge posed by robotics replacing human labor raises key public policy questions
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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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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.
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How & Why Government, Universities, & Industry Create Domestic Labor Shortages of Scientists & High-Tech Workers
Mar 28, 2017
Long term labor shortages do not happen naturally in market economies.
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Working paper
How & Why Government, Universities, & Industry Create Domestic Labor Shortages of Scientists & High-Tech Workers
Mar 2017
Long term labor shortages do not happen naturally in market economies. That is not to say that they don’t exist. They are created when employers or government agencies tamper with the natural functioning of the wage mechanism.
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Mortality Crisis Redux: The Economics of Despair
Mar 27, 2017
The health crisis afflicting working-class Americans recalls similar symptoms in Russia following the collapse of communism
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The Debate Over Taxing Robots in Context
Mar 24, 2017
Taxing the use of robotics may or may not be the answer, but the question remains how to compensate for the growing inequality created by our changing economies
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Women Foot the Bill for Economic Growth, Parity Requires Social Investment
Mar 22, 2017
Pursuing equality while growing the economy requires reframing social spending as a form of investment.
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The Mechanical Turn in Economics and Its Consequences
Mar 20, 2017
In the age of Adam Smith, an economics that masqueraded as natural science and excluded the human condition actually suited the interests of the landed and the wealthy
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Membership Theory of Inequality
Mar 15, 2017
A transition from the conventional policy of “redistributing income” to “redistributing membership”, could promote economic integration across communities and intergenerational mobility.
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Debating Household Debt
Mar 8, 2017
INET grantee JW Mason has been engaged in an important debate with the Financial Times’ Matthew Klein over the relationship of household debt to income inequality
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Meaningful Work: A Radical Proposal
Mar 8, 2017
To mark International Women’s Day, Neva Goodwin argues that the crisis of income insecurity and longstanding gender inequality require a form of universal basic income that recognizes and rewards the value of household labor
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Dismantling Public Education: Turning Ideology into Gold
Mar 1, 2017
Policies based on faith in the “market” as a principle of social organization have wrought havoc with a founding principle of American democracy
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China's Wage Growth: How Fast Is the Gain and What Does It Mean?
Feb 28, 2017
New findings show that hourly wage-rates in China are higher than in middle-income countries and are approaching the levels of Greece and Portugal
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INET Guide to the 2017 EEA Meeting
ConferenceFeb 23–26, 2017
A reference guide to all Institute for New Economic Thinking (INET) community presentations at the Eastern Economic Association’s (EEA) 2017 annual meeting