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Levy Institute President Contributes to Landmark UN Roadmap for Eradicating Poverty
June 23, 2026 Levy Institute President Pavlina R. Tcherneva is among over 350 distinguished signatories endorsing the new United Nations “Roadmap for Eradicating Poverty Beyond Growth.” This ambitious plan, spearheaded by UN Special...more News -
Working Paper No. 1118The Role of Production Networks in Price Stability
June 22, 2026 Between the pandemic and the war in Iran, inflation has become a central issue facing the US economy that is compounding a broader affordability crisis. However, the sector-specific nature of...more Publication -
BlogThe End of Hegemony and the Ends of Economics
June 16, 2026 Remarks delivered at the University of Athens, June 8, 2026, on occasion of the award of a PhD honoris causa. James K. Galbraith holds the Lloyd M. Bentsen, Jr. Chair in Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, and a Professorship in Government, at The University of Texas at Austin. His [...] Blog -
Senior Scholar James K. Galbraith Awarded Honorary Doctorate at the University of Athens
June 16, 2026 Monday, June 8, 2026, Senior Levy Scholar James K. Galbraith was awarded an honorary doctorate at the University of Athens. Introduced by Yanis Varoufakis, Chair in Political Economy, Galbraith was recognized...more News -
Tcherneva on Marketplace: “Workers are going to be squeezed on both sides”
June 10, 2026 Levy President Pavlina Tcherneva gave insight on Marketplace on June 8, preceding today’s release of the latest consumer price index data. You can listen to the full Marketplace report, “Wages are up,...more News -
Working Paper No. 1117
Money Manager Capitalism and the Growth and Spread of Ponzi Finance, Private Market Version
June 08, 2026 Read the Policy Note by Tymoigne on this topic here. Private debt and equity markets have been a funding source for nascent and credit constrained businesses for several decades. Following...more Publication -
New Podcast Episode Out: The Life and Legacy of Wynne Godley
June 03, 2026 Levy Scholars Claudio H. Dos Santos, Gennaro Zezza, and Michalis Nikiforos sit down in this episode to discuss the life and legacy of one of the Institute’s Distinguished Scholars, Wynne Godley (1926-2010). This episode serves as...more News -
Levy Scholar Giuliano T. Yajima Awarded Joan Robinson Prize, Review of Political Economy
June 02, 2026 For his paper, “Beyond Job Guarantee: The Employer of Last Resort Program as a Tool to Promote the Energy Transition,” Levy Scholar Giuliano T. Yajima has been awarded the Joan...more News -
BlogWith Oil Prices Sky-Rocketing … Should the Fed Raise Interest Rates?
June 02, 2026 As the New York Times reported, With the labor market on firmer footing than just a couple of months ago, more Fed officials have embraced the possibility that rates may need to rise to get inflation fully under control. “I want to be clear about my risk assessment: The risks remain tilted toward higher inflation,” [...] Blog -
Public Policy Brief No. 159How Poor Are Employed People in the United States?
June 02, 2026 Standard measures of poverty suffer from a blind spot: those measures ignore the household labor that transforms purchased products into consumables—the cooking, cleaning, childcare, and numerous other tasks that sustain...more Publication -
James K. Galbraith: “A Professor Should Work Hard and Grade Easy,” for Project Syndicate
June 02, 2026 “The Harvard University faculty has now decided to limit the share of ‘A’ grades given to students to about 20%. But, as the move’s defenders freely admit, the intent is...more News -
Watch Recordings from Levy Institute 40th Anniversary Conference
May 31, 2026 On May 8, 2026, the Levy Economics Institute convened its annual conference on the 40th anniversary of the Institute’s founding. This year’s conference was held in person on the Bard...more News -
Inaugural Levy Impact Award Presented to Alumnus Oscar Valdés Viera
May 18, 2026 On May 8th, at the close of the Levy Economics Institute’s 40th Anniversary Conference, the inaugural Levy Impact Award was presented to Oscar Valdés Viera, in recognition of a Levy...more News -
BlogMinsky’s Vision and the Coming AI-Induced Crash
May 14, 2026 This is the text of a presentation delivered at the Levy Institute’s 40th Anniversary conference (https://www.levyinstitute.org/events/event/levy-economics-institute-anniversary-conference/); a much longer version contains the references: https://www.levyinstitute.org/publications/artificial-intelligence-friend-foe-fraud/ Bill Janeway nicely summarized Minsky’s two price approach used in his financial theory of investment and investment theory of the cycle that led to the well-known financial instability hypothesis. I want [...] Blog -
Working Paper No. 1116
Decent Work in the West Bank: Assessing Youth and Women’s Employment Under Fragility and Conflict
May 14, 2026 This study examines the state of decent work in the West Bank, focusing on the intersection of labor market conditions, gender disparities, and the fragility of legal enforcement. Using a...more Publication -
Working Paper No. 1115
Paying a High Premium: How Climate Change Is Crippling Homeowner’s Insurance and Fueling a Housing Crisis
May 14, 2026 This paper examines the growing impacts of climate change in the US homeowner’s insurance industry. As climate change–driven weather extremes and natural disasters have accelerated in their frequency and severity,...more Publication -
Working Paper No. 1114
Macroeconomic Fragility Effects of Financial Innovation: Behavioral and Decentralized Finance and Artificial Intelligence
May 13, 2026 There seems to be a building consensus of global uncertainty and instability. This can be observed not only from surveys, the media, and country reports, but in the recent speeches...more Publication -
Working Paper No. 1113
Corporate Finance in the Theory of Innovative Enterprise
May 12, 2026 In my research on innovative enterprise and sustainable prosperity, I use the “theory of innovative enterprise” to examine how modes of corporate finance—founder investments, private placements, initial public offerings, retained...more Publication -
EventBreaking the Tragedy of the Horizon? Characterizing the Green Turn of Monetary Regimes
Although remaining controversial and in its infancy, the “greening” of monetary policy and financial regulation is spreading. Such an environmental turn appears as a key channel to reform capitalism, through...more Event -
In Memoriam: Lord Robert Skidelsky
April 27, 2026 Lord Robert Jacob Alexander Skidelsky, passed away April 15 of 2026, was born in the city of Harbin, Manchuria in 1939. Skidelsky was raised in a Russian household but spent...more News -
Working Paper No. 1112After the Wreckage: The Job Guarantee as a New Labor Standard
April 23, 2026 The job guarantee (JG) has long been theorized as a cyclical stabilizer, a buffer stock of publicly employed workers that expands in downturns and contracts in booms. That framing was...more Publication -
Policy Note No. 2026/3The Real Cost of War
April 22, 2026 The press is full of stories on the cost of President Trump’s war of choice against Iran—said to be running at $2 billion a day. With an on-again, off-again ceasefire,...more Publication -
Policy Note No. 2026/2A Premium Crisis: Climate Change Threatens Homeowner’s Insurance, Housing, and Financial Stability
April 15, 2026 A Climate-Driven Systemic Crisis Climate change is rapidly destabilizing the US homeowner’s insurance system, creating major challenges for policymakers concerned with housing affordability and financial stability. Hurricanes, floods, wildfires, tornadoes,...more Publication -
EventSpeculation or Fundamentals? European Natural Gas Price Swings Post 2020
The study by Emanuele Citera and Veronika Dolar explores the dynamics of the European natural gas market during one of its most turbulent periods, 2020–24. Amid extreme price volatility triggered...more Event