Economics Archives - Page 6 of 20

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Political Economy and Unintended Consequences

A letter to the Central High Guys

March 29, 2019 • by Duncan Foley

I graduated from Philadelphia’s Central High School in 1960 in the 214th class. One of the great pleasures of my life has been my ongoing contact with a group of Central alumni, which in recent years has taken the form of an email list. In even more recent years the ...

Political Economy and Unintended Consequences

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It’s The Real Economy, Stupid

Wealthy political pundits are living in an alternate reality

March 21, 2019 • by Neil Kraus

Bill Gates caused quite a stir when he recently tweeted a graphic produced by Our World in Data (a Gates Foundation-funded organization) indicating how much progress the world has made in combating poverty over the last two centuries. Critics rightly seized on Gates’s observation as well as the data and analysis, quickly dismantling the ...

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Too Good to Be True

Lessons Learned from Hudson Yards

March 10, 2019 • by Bridget Fisher and Flávia Leite

Amazon bailed on its HQ2 plans in Long Island City when residents started questioning the project’s billions of dollars in taxpayer subsidies. Unfortunately, we didn’t ask the same questions concerning Hudson Yards, now set for a March 15 “grand opening.” Why? Probably because we were told the project wouldn’t cost ...

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‘It Can’t Come Soon Enough’: Creating Retirement Security For New York Workers

A Q&A with New School economist and retirement expert Teresa Ghilarducci.

February 24, 2019 • by Bruce Cory and Teresa Ghilarducci

Urban Matters: You’re one of the leading authorities on retirement in America, so let’s get your opinion of Mayor Bill de Blasio’s recently proposed “retirement security plan” for New Yorkers. But first give us a snapshot of how many New Yorkers are approaching retirement, and how financially prepared they are. Ghilarducci:In ...

‘It Can’t Come Soon Enough’: Creating Retirement Security For New York Workers

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What to Expect When You Are Expecting Exploitation

An excerpt from ‘Why Women Have Better Sex Under Socialism’

February 18, 2019 • by Kristen R. Ghodsee

In a witty, irreverent op-ed piece that went viral, Kristen Ghodsee argued that women had better sex under socialism. The response was tremendous -- clearly, she articulated something many women had sensed for years: the problem is with capitalism, not with us. Ghodsee, an acclaimed ethnographer and professor of Russian and ...

What to Expect When You Are Expecting Exploitation

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Good for Grassroots, Bad for Business

How long can the business community in the United States tolerate Donald Trump as president?

January 13, 2019 • by John Lawrence

Back in the mid-1990s, the Clinton Administration embraced a so-called “royalty holiday” for oil companies that developed leases in the deeper waters of the Gulf of Mexico. The idea was pretty simple: rather than impose royalties of 12 1/2% to 16 2/3% for developing publicly-owned resources (already paltry by international ...

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The New History of Capitalism

And what it owes to poststructuralism

January 9, 2019 • by Andrew Seal

Where did the new history of capitalism come from? I would like to break from the common sense narrative and argue that the new history of capitalism should not be understood as rooted in or as a response to the financial crisis of 2007-2008. Certainly the crisis drew attention to the field ...

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Older Workers at Risk in Next Recession

November 2018 Unemployment Report for Workers Over 55

December 10, 2018 • by Teresa Ghilarducci

The Bureau of Labor Statistics (BLS) today reported an unemployment rate of 2.9% for November, an increase of 0.1 percentage points from October. Older workers are benefiting from a historically low unemployment rate. Now is the time to prepare for older workers' higher risks in recessions. Older workers least prepared for retirement are most likely ...

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The Unfolding Welfare Crisis in the UK

Will a system designed for universal care become a universal catastrophe?

December 4, 2018 • by Christian Garland

Chris Gold of Shepton Beauchamp, Somerset -- one of the “test” areas in which Universal Credit is in operation -- was found to have died of natural causes. Despite suffering a stroke in 2015, Gold had lost his Employment Support Allowance after being declared “fit for work,” and then in ...

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Life and Debt under Capitalism

An excerpt from Elettra Stimilli’s The Debt of Living

November 23, 2018 • by Elettra Stimilli

From the beginning, capitalism has established an intimate connection with individual lives, formerly based on the exploitation of specific skills in the form of work. The real change is that today at stake are not only specific services, but the whole of life and the very capacity of human living ...

Democracy

The Crisis of Democracy is a Crisis of the Left

A capitalism transformed by a strong version of social democracy should be our political goal

November 13, 2018 • by Michael Walzer

It is a crisis for democracy when the left is weak and unable to mobilize its natural constituency. All I want to do today is to unpack that sentence. Why is this a crisis? Democracy requires some degree of equality, but capitalism and neo-liberal economic policies produce inequality: a steady pressure ...

The Crisis of Democracy is a Crisis of the Left

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A Tale Of Two Communities Dispels Model Minority Myths

Asian Americans as the ‘Model Minority’

November 10, 2018 • by Kristen Lewis and Sarah Burd-Sharps

The comparative success of Asian Americans on earnings and educational indicators has given rise to the “model minority” myth, which proposes that, through hard work and studiousness, Asians across the board have achieved economic success. One of the troublesome assumptions of this myth is that it overlooks the great diversity of ...