Social Democracy, the “Third Way,” and the Crisis of Europe, Part 3
A discussion of why the center-left failed to revive in Europe after the crisis. Some of the reasons apply to the US as well.
Read more...Category Archives: The destruction of the middle class
Economic ‘Recovery’ Feels Weak Because the Great Recession Hasn’t Really Ended
We are not in a recovery and we’re not really in a traditional recession. People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can’t revive.
Read more...Piketty’s Rising Share of Capital Income and the US Housing Market
The rising share of income accruing to housing is a key feature of the changing US income distribution. This column examines the determinants of this phenomenon. The rise occurred due to an increasing share of income accruing to owner-occupiers through imputed rent, it is concentrated in states that are constrained in terms of new housing supply, and it is closely associated with the long-run decline in real interest rates and inflation.
Read more...The CETA Trade Pact Will Add to the Groundswell of Discontent: Why We Need More Informed Decision-Making
Why citizens are correct to be worried about trade deals like CETA and the TTIP.
Read more...The Quiet Desperation of Millennials
A new survey on the outlook of Millennials finds they are not happy campers, and for good reason.
Read more...Gaius Publius: A Clinton Speech to Millennials That Will Work
What Clinton needs to do to win Millennials.
Read more...Social Democracy, the “Third Way,” and the Crisis of Europe, Part 1
The birth of the Third Way —a turn away from class-struggle politics and a compromise with neoliberaism—and how it shaped the Eurozone.
Read more...Wolf Richter: “Negative Growth” of Real Wages is Normal for Much of the Workforce, and Getting Worse – New York Fed
The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.
Read more...The Nobel Prize in Economics: How It Took a Hard Neoliberal Turn
How the so-called Nobel Prize in economics came to validate neoclassical thinking, even as it failed in Sweden.
Read more...Report: New Data Disproves US Corporations’ False Narrative on Taxes
A new study on corporate tax havens shows how multinational corporations avoiding U.S. taxes represents a transfer to them from workers.
Read more...Income Inequality in a Globalising World
Absolute inequality around the world has increased, challenging the purported benefit of globalization.
Read more...Backlash Against Trade Deals: The End of U.S.-Led Economic Globalisation?
Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.
Read more...Negative Effects of Immigration on the Economy
Working through explanations as to why US immigration has been negatively correlated with growth.
Read more...Academic Penury: Adjunct Faculty as the New Precariat
The perilous status of adjuncts, who serve as contingent faculty.
Read more...Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
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