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Press ReleaseStructural Weaknesses and Instability of Global Economy Keep US Economy on Fragile Ground, New Levy Economics Institute Study Says
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BlogBloomberg: Modern Money Theory Gaining Converts
Bloomberg just published an article focused on the rise of Modern Money Theory (MMT), featuring comments by Senior Scholar Randall Wray: The 20-something-year-old doctrine, on the fringes of economic thought, is getting a hearing with an unconventional take on government spending in nations with their own currency. Such countries, the MMTers argue, face no risk of fiscal crisis. [...] -
Ignored for Years, a Radical Economic Theory Is Gaining Converts
In an American election season that’s turned into a bonfire of the orthodoxies, one taboo survives pretty much intact: Budget deficits are dangerous. A school of dissident economists wants to toss that one onto the flames, too…. Read more: http://www.bloomberg.com/news/articles/2016-03-13/ignored-for-years-a-radical-economic-theory-is-gaining-converts -
Blog
As the Euro Time Bomb Ticks Away the ECB Turns Desperate
These are not happy times for Europe. Ukraine, Russia, and rising anti-democratic influences in Hungary and Poland represent latent threats at the European Union’s eastern front. The prospect of Brexit is a more acute one at its western front. After letting loose manifold conflicting forces that continue shaping internal politics in many EU countries and [...] -
Strategic AnalysisDestabilizing an Unstable Economy
Our latest strategic analysis reveals that the US economy remains fragile because of three persistent structural issues: weak demand for US exports, fiscal conservatism, and a four-decade trend in rising income inequality. It also faces risks from stagnation in the economies of the United States’ trading partners, appreciation of the dollar, and a contraction in […] -
Blog
Tcherneva on the Jobs Numbers
[iframe width=”427″ height=”240″ src=”https://www.youtube.com/embed/zNM-C6F8B_A?;start=795″ frameborder=”0″ allowfullscreen></iframe] -
MME, March 3, 2016
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Χρήσιμο εργαλείο η «εγγυημένη απασχόληση»
Kathimerini, 3 Μαρτίου 2016. Με επιφύλαξη παντός δικαιώματος. Οι σημαντικές δυνατότητες συμβολής του θεσμού της «εγγυημένης απασχόλησης» στην αντιμετώπιση της κρίσης αναδείχθηκαν σε εκδήλωση που διοργάνωσαν το Ιδρυμα Friedrich Ebert, το Levy Economics Institute και το Ινστιτούτο Εργασίας της ΓΣΕΕ…. Διαβάστε περισσότερα κάνοντας ΚΛΙΚ ΕΔΩ: http://www.kathimerini.gr/851774/article/oikonomia/epixeirhseis/xrhsimo-ergaleio-h-eggyhmenh-apasxolhsh -
e-Pamphlet
Rising Corporate Concentration, Declining Trade Union Power, and the Growing Income Gap
Jordan Brennan, of Unifor and the Canadian Centre for Policy Alternatives, examines the rise of income inequality and the deceleration of economic growth in the United States in this two-part analysis. The first section explores the consolidation of corporate power, through mergers and acquisitions, between 1895 and 2013, and finds that reduced competition, declines in […] -
Working Paper No. 861Money, Power, and Monetary Regimes
Money, in this paper, is defined as a power relationship of a specific kind, a stratified social debt relationship, measured in a unit of account determined by some authority. A brief historical examination reveals its evolving nature in the process of social provisioning. Money not only predates markets and real exchange as understood in mainstream […] -
Blog
Why Minsky Matters and Boom Bust Boom
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European Disunion: EU Negotiates UK on #Brexitb
Reuters, February 19, 2016. All Rights Reserved. All eyes are on Brussels as European leaders converge for meetings that could ultimately redefine the region, and the Organization for Economic Cooperation and Development has lowered its global economic forecast. Ameera David weighs in and then sits down with Marshall Auerback—research associate at the Levy Economics Institute—to […]