Archived Publication Types

Union strength is capable of boosting wages for workers at the low end of the income scale. Even when differences in education and industry type are accounted for, workers in…more

Download Public Policy Brief Highlights No. 57A, 1999 PDF (56.81 KB)

The causes for the instability that has marked the financial system over the past decade lie deep in the economic theory that urges easy and efficient substitution of one piece…more

Download Public Policy Brief Highlights No. 56A, 1999 PDF (28.94 KB)

In a Special Report, Distinguished Scholar Wynne Godley argues that the long expansion of the American economy has been propelled by forces that cannot be sustained into the medium term….more

Download Volume 9, No. 4 PDF (351.17 KB)

Projections of an impending crisis in financing Social Security depend on unduly pessimistic assumptions about basic demographic and economic variables. Moreover, even if the assumptions are accepted, the projected gap…more

Download Public Policy Brief Highlights No. 55A, 1999 PDF (24.17 KB)

A new Public Policy Brief argues that the prediction of a coming crisis in Social Security is based on overly pessimistic assumptions about revenues and costs. Even if the prediction…more

Download Volume 9, No. 3 PDF (384.42 KB)

Despite a long period of strong economic growth, more than 28 million working-age persons were categorized by the Bureau of Labor Statistics as out of the labor force in 1998….more

Download Public Policy Brief Highlights No. 54A, 1999 PDF (104.34 KB)

Claims that the nation has reached full employment take for granted the need for a reserve pool of labor to maintain price stability and labor market flexibility. But are millions…more

Download Public Policy Brief Highlights No. 53A, 1999 PDF (51.47 KB)

Based on neoclassical theory, cutting budget deficits has come to be seen as a principal way to increase long-run growth, but the empirical evidence is ambiguous on the outcome of…more

Download Public Policy Brief Highlights No. 52A, 1999 PDF (56.48 KB)

In The Levy Report Interview, James K. Galbraith discusses his views on the state of the American economy and the economics profession, including the Federal Reserve’s focus on controlling inflation,…more

Download Volume 9, No. 2 PDF (517.52 KB)

The objective of the Ninth Annual Hyman P. Minsky Conference on Financial Structure was to determine the extent to which domestic and global economic events coincided with the types of…more

Download Conference Proceedings, April 21–23, 1999 PDF (639.12 KB)

The Levy Institute conducted a survey of small businesses to elicit information about their hiring and employment practices, especially the hiring of former welfare recipients; preferences regarding education, training, and…more

Download Public Policy Brief Highlights No. 51A, 1999 PDF (58.64 KB)

Central banks, national governments, and international organizations have resisted policies that would promote full employment because high employment and high capacity utilization are associated with structural rigidities that result in…more

Download Public Policy Brief Highlights No. 50A, 1999 PDF (55.19 KB)

Jeffrey G. Madrick talks with Levy Institute Vice Chairman Leon Levy about hedge funds’ influence over financial markets, and what went wrong with Long-Term Capital. Contents: Hedge Fund Mysteries: An…more

Download Volume 9, No. 1 PDF (341.33 KB)

This double issue of the Summary features the Ninth Annual Hyman P. Minsky Conference on Financial Structure, which underscored the renewed general interest in Minsky’s work as it applies to…more

Download Volume 8, No. 3 –4 PDF (428.10 KB)

In a new Policy Note summarized in this issue, Senior Scholar L. Randall Wray describes three threats to the current “Goldilocks” economy: global financial crisis, global deflation and excess demand,…more

Download Volume 8, No. 2 PDF (96.94 KB)

HMO medicine sets up an inevitable conflict between the physicians’ traditional fiduciary role and the financial interests of the health plan and its physicians. Regulatory interventions, such as the formulation…more

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New Working Papers summarized in this issue cover a broad range of topics, including the effects of the Clinton expansion on employment opportunities, the development of modern money from a…more

Download Volume 8, No. 1 PDF (272.33 KB)

HMO medicine sets up an inevitable conflict between the physicians’ traditional fiduciary role and the financial interests of the health plan and its physicians. Regulatory interventions, such as the formulation…more

Download Public Policy Brief Highlights No. 47A, 1998 PDF (57.14 KB)

The postwar system of corporate governance in Germany is being threatened by the failure of some industries to maintain their competitive position (with resulting significant job losses) and pressures for…more

Download Public Policy Brief Highlights No. 49A, 1998 PDF (57.58 KB)

Despite the crisis in the Japanese financial sector, prolonged recession, and competitive challenges, Japan’s formidable productive system remains strong. Nevertheless, the system of corporate governance, which has pursued a strategy…more

Download Public Policy Brief Highlights No. 48A, 1998 PDF (57.77 KB)

The United States’ official poverty measure defines the poor in terms of a family’s actual, yearly cash income relative to an estimate of the income needed to sustain a minimally…more

Download Public Policy Brief Highlights No. 46A, 1998 PDF (58.18 KB)

In this issue’s editorial, James K. Galbraith and George Purcell trace the chain of worldwide events that followed from the Federal Reserve’s failure to pursue interest rate cuts. Contents: Symposium:…more

Download Volume 8, No. 4 PDF (614.65 KB)

During the recent robust expansion only 700,000 of the almost 12 million jobs created went to the half of the population that does not have at least some college education….more

Download Public Policy Brief Highlights No. 45A, 1998 PDF (95.72 KB)

The purpose of this symposium, held September 24, 1998, at the Levy Institute’s research and conference center on the campus of Bard College in Annandale-on-Hudson, New York, was to explore…more

Download Proceedings, September 24, 1998 PDF (56.31 KB)