Search

4203 results found

• 

  Op-Ed: To Restore Jobs, US Has to Ramp Up Exports

  May 13, 2011. Copyright © 2011, Los Angeles Times For 20 years, U.S. exports have trailed imports. Addressing the imbalance could hugely boost the job market. One school of thought about the so-called jobless recovery of the American economy blames high unemployment on the federal deficit. But that’s blaming the wrong deficit. To achieve an […]
• 

  Policy Notes No. 4

  Was Keynes’s Monetary Policy, à Outrance in the Treatise, a Forerunnner of ZIRP and QE? Did He Change His Mind in the General Theory?

  At the end of 1930, as the 1929 US stock market crash was starting to have an impact on the real economy in the form of falling commodity prices, falling output, and rising unemployment, John Maynard Keynes, in the concluding chapters of his Treatise on Money, launched a challenge to monetary authorities to take “deliberate […]
• 

  Policy Notes No. 4

  Μια ανάλυση της εξέλιξης των απόψεων του Κέινς για τη νομισματική πολιτική—από τη «Πραγματεία για το Χρήμα» στη «Γενική Θεωρία»

  Προς το τέλος του 1930, καθώς το κραχ του Χρηματιστηρίου της Νέας Υόρκης το 1929 είχε αρχίσει να έχει αντίκτυπο στην πραγματική οικονομία των ΗΠΑ πτώση στις τιμές των εμπορευμάτων, μείωση της παραγωγής και αύξηση της ανεργίας ο Τζον Μέιναρντ Κέινς, στα τελευταία κεφάλαια του βιβλίου του «Η Πραγματεία για το Χρήμα» προκαλούσε τις νομισματικές […]
• 

  Policy Notes No. 3

  A Modest Proposal for Overcoming the Euro Crisis

  This “Modest Proposal” by authors Varoufakis and Holland outlines a three-pronged, comprehensive solution to the eurozone crisis that simultaneously addresses the three main dimensions of the current crisis in the eurozone (sovereign debt, banking, and underinvestment), restructures both a share of sovereign debt and that of banks, and does not involve a fiscal transfer of […]
• 

  Press Release

  Levy Institute Scholar Questions Unsustainable Debt Argument in New Policy Paper

• 

  Blog

  Did problems with SSDI cause the Output-Jobs Disconnect?

  In a New York Times blog, Nancy Folbre recently discussed the alarming disconnect between economic growth and job creation in the United States. While the economy has been growing since the Great Recession’s end in 2009, the employment rate remains stuck at its December 2009 level of 58 percent. This percentage had reached 65 percent [...]
• 

  Press Release

  Levy Economics Institute of Bard College to Host Wynne Godley Memorial Conference, May 25–26

• 

  China Will Not Demand Its Money Back: Why the Doomsday Predictions on the Debt Ceiling Are Wrong

  The American Prospect, May 5, 2011. © 2011 by The American Prospect, Inc. A deal is taking shape between Congress and the administration on the debt-ceiling vote, and it will likely include some spending cuts in exchange for increasing the amount the government can borrow. As these negotiations play out, we’re constantly warned that the […]
• 

  Policy Notes No. 2

  Is the Federal Debt Unsustainable?

  By general agreement, the federal budget is on an “unsustainable path.” Try typing the phrase into Google News: 19 of the first 20 hits refer to the federal debt. But what does this actually mean? One suspects that some who use the phrase are guided by vague fears, or even that they don’t quite know […]
• 

  Working Paper No. 668

  The Freedom Budget at 45

  Forty-five years ago, the A. Philip Randolph Institute issued “The Freedom Budget,” in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and a living wage to lift the […]
• 

  Conversations with Great Minds: Economist James K. Galbraith

  The Big Picture with Thom Hartmann, May 2, 2011 In a two-part interview, Senior Scholar Galbraith discusses the “vast raid” on the home equity of the middle class by financial predators, “green” investment as a basis for economic growth, the importance of government regulation in establishing and maintaining markets, and how the substance of domestic […]
• 

  Blog

  Is Stockman right about deficits, after all?

  Many Americans interested in economics will recall David Stockman as the controversial White House budget director who swam against a tide of increasing deficits during Ronald Reagan’s administration in the first half of the 1980s. Ultimately, while Reagan supported many high-profile cuts to social benefits and regulatory budgets, he vastly increased military spending and cut [...]