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Levy Scholar James K. Galbraith for Bloomberg: “Why Economists Are Looking at Economics All Wrong”
April 15, 2025 Senior Scholar James K. Galbraith appeared on the Bloomberg podcast Merryn Talks Money to discuss his new book Entropy Economics. This interview was recorded before the market chaos of the last week. There’s a...more News -
The Levy Institute Welcomes Three New Members to Our Board of Advisors
April 09, 2025 The Levy Institute is proud to welcome three new members to our Board of Advisors. Rebeca Grynspan, Secretary-General, UN Trade and Development (UNCTAD) Robert Skidelsky, Emeritus Professor of Political...more News -
Working Paper No. 1080Protecting Social Security: The Case Against Extending the Full Retirement Age
April 04, 2025 The Social Security “full retirement age” (FRA) is the age at which retirement income benefits are available without reduction for early commencement. Presently, that age is 67 for those born...more Publication -
Working Paper No. 1079
Job Allocation in the Levy Institute Microsimulation Model
April 04, 2025 The Levy Institute Microsimulation Model (LIMM) is a tool used for policy simulations to estimate ex-ante the employment and income effects of sectoral investments. In Istenes (2023), a simple implementation...more Publication -
Galbraith for The Nation: “Trump’s Economics—and America’s Economy”
April 04, 2025 You can’t make America great again by wrecking the government. “What to make of the blur of news, revolutionary rhetoric, panicky fundraising texts, economic indicators, the plunging stock market, and,...more News -
BlogThe Levy Institute and the Future of Economics
April 04, 2025 According to my vita, my first paper for the Levy Economics Institute, “Unemployment, Inflation, and the Job Structure,” was first published almost exactly thirty years ago, in May 1995.[1] It was a categorical dissent from the micro-market framework, dominant then and still, of mainstream economics. The abstract reads: In this working paper, James K. Galbraith [...] Blog -
BlogUnmasking Hidden Poverty in America: The Role of Time Deficits
April 04, 2025 What if Household Production is recognized as a necessity? Imagine if unpaid work done at home—cooking, cleaning, childcare, eldercare[1]—were recognized as part of basic needs as, for example, a minimal quantity of food and clothing? Would it change how much poverty we find? An upcoming study by the Levy Economics Institute suggests it absolutely would. [...] Blog -
BlogTcherneva on Musk’s “Magic Money Computers”
April 03, 2025 There has been a lot of discussion about the birthright citizenship clause of the 14th Amendment recently. But there is another little-known clause that says that “the validity of the public debt of the United States, authorized by law … shall not be questioned.” In this Roundtable discussion, Institute President Pavlina R. Tcherneva discussed how [...] Blog -
EFSyn features the latest Strategic Analysis from the Levy Institute’s Macro-Modeling Team, “Greece: Growing on an Unsustainable Path”
April 02, 2025 The Greek journal, EFSyn featured the predictions of the Levy Institute’s Macro-Modeling Team in a report over the weekend: The authors of the report (D. Papadimitriou, N. Rodousakis, G.T. Yajima, G. Zezza)...more News -
“Small businesses are a bellwether for overall trends in the economy”: Tcherneva on Marketplace
April 01, 2025 On April 1, Institute President Pavlina R. Tcherneva spoke on the Marketplace Morning Report episode, “Keep an eye on rising layoffs at the smallest businesses.” Tcherneva asserted that the behavior of small businesses...more News -
Working Paper No. 1078
“A Concentration of Private Power without Equal in History”
April 01, 2025 This manuscript presents a detailed summary and reassessment of the 1941 final report of the Temporary National Economic Committee (TNEC). We portion the manuscript into four major parts: background, major...more Publication -
Applying to the Levy Graduate Programs in Economic Theory and Policy
April 01, 2025 The Levy Economics Institute Graduate Programs in Economic Theory and Policy were created to offer students an alternative to mainstream programs in economics and finance. These innovative programs combine a...more News -
“The Trump tax cuts don’t have to be paid for,” Yeva Nersisyan for The Hill
March 26, 2025 Cutting government spending to “pay for” tax cuts makes a bad economic policy much worse. If Republicans want to cut taxes, the best option for Democrats is to insist that...more News -
Strategic AnalysisGreece: Growing on an Unsustainable Path
March 26, 2025 Greece has been among the fastest growing economies among the EU member states in the post-COVID-19 period. However, in a previous (February 2024) report, Dimitri B. Papadimitriou, Nikolaos Rodousakis, Giuliano Toshiro...more Publication -
“Preserving Social Security”: Scholar Stephanie Kelton Interviewed on The Hill
March 25, 2025 Levy Scholar Stephanie Kelton was interviewed by reporters at The Hill. In the segment, titled “Preserving Social Security,” Kelton defended the program and condemned its opponents such as Elon Musk and...more News -
EventInfo Session: Levy Graduate Programs in Economic Theory and Policy
This special information session and application workshop provides an overview of the Levy academic programs, student life, admission requirements, enrollment steps, financial aid procedures, and immigration requirements for international students. Applicants who attend a virtual information session will have their application fees waived. Event -
Entropy Economics: The Living Basis of Value and Production
March 17, 2025 New book from Senior Scholar James K. Galbraith and Jing Chen News -
EventThe Hindu Home Kitchen and the Internet of Landlords
An installment in the Levy Institute Gender Equality and the Economy: Interdisciplinary Approaches Speaker Series. Tuesday, April 8, 5pm Blithewood Conference Room or on Zoom Join us for the fourth session...more Event -
EventLevy Institute Summer Seminar on Money, Finance, and Public Policy
2025 Summer Seminar on Money, Finance, and Public Policy, co-sponsored by the Levy Economics Institute and Economic Democracy Initiative of Bard College. June 16-20, 2025 Bard College, Annandale-on-Hudson, NY The...more Event -
Event[CANCELED] Racial, Ethnic, and Sex/Gender Disparities in Alzheimer’s Disease and Related Dementias
[UPDATE: EVENT HAS BEEN CANCELED] CO-SPONSORED BY THE BARD COLLEGE PSYCHOLOGY PROGRAM Join us for the next session of the Gender Equality and the Economy Speaker Series, with A. Zarina...more Event -
EventThe Machine Age and the Human Condition: Possible Futures
The Economics Democracy Initiative presents its Fall ’24 keynote, co-sponsored by the Levy Economics institute. Lord Robert Skidelsky is giving a talk centered on his new book, The Machine Age:...more Event -
EventA Path to Inclusive Development: Unpacking Gender Inequalities in Economic Theory and Policies
A workshop organized by the Levy Economics Institute of Bard College with the generous support of...more Event -
NPR Marketplace with Pavlina R. Tcherneva “Five years on, how has the COVID-19 pandemic shaped the economy?”
March 11, 2025 On March 11--the five-year anniversary of the official global pandemic declaration from the World Health Organization--Institute President Pavlina R. Tcherneva spoke with the Marketplace Morning Report. News -
Public Policy Brief No. 158That “Vision Thing”: Formulating a Winning Policy Agenda
March 04, 2025 For a PDF version of this Public Policy Brief, please click here. There are many ways to lose a presidential election, and pundits have come up with a long list:...more Publication