United States
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Working Paper Series
How the Disappearance of Unionized Jobs Obliterated an Emergent Black Middle Class
Jun 2020
In this introduction to our project, “Fifty Years After: Black Employment in the United States Under the Equal Employment Opportunity Commission,” we outline the socioeconomic forces behind the promising rise and disastrous fall of an African American blue-collar middle class.
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Modigliani Meets Minsky: Inequality and U.S. Household Debt Since 1950
May 7, 2020
A look at the American household debt boom
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Working Paper Series
Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016
May 2020
Increased borrowing by middle-class families with low income growth played a central role in rising indebtedness
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Working Paper Series
How Much Can the U.S. Congress Resist Political Money? A Quantitative Assessment
Apr 2020
The links between campaign contributions from the financial sector and switches to a pro-bank vote were direct and substantial
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The COVID-19 Recession: Unprecedented Collapse and the Need for Macro Policy
Mar 26, 2020
Effective and quick federal policy response is critical to create conditions for a quick recovery.
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Inclusive American Economic History
Jan 17, 2020
Containing Slaves, Freedmen, Jim Crow laws and the Great Migration
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Working Paper Series
Inclusive American Economic History: Containing Slaves, Freedmen, Jim Crow Laws, and the Great Migration
Jan 2020
This paper records the path by which African Americans were transformed from enslaved persons in the American economy to partial participants in the progress of the economy.
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The 2020 Election in Three Graphs
Jan 10, 2020
The Irresistible Force Meets the Immovable Object?
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Repo Madness: Fed Plumbing Gone Awry
Nov 26, 2019
Repeat after me: How much pipe should Fed plumbers lay if Fed plumbers like to lay pipe?
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Working Paper Series
The Decline of the U.S. Labor Share Across Sectors
Nov 2019
This paper provides novel insights on the changing functional distribution of income in the post–war US economy.
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How Liberals Normalized Conservative Ideas
Aug 28, 2019
The New York Times’ Binyamin Appelbaum explains the role Democratic presidents, from Kennedy to Obama, in moving economic policy to the right
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Puerto Rico’s Crisis Began Before Hurricane Maria
Jul 17, 2019
Economist Marie Mora discusses the deep economic crisis that has afflicted Puerto Rico for years
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Antitrust and the Consumer Welfare Standard
Jul 16, 2019
The Chicago School has long used bankrupt assumptions to strangle antitrust policy
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Working Paper Series
American Gothic: How Chicago Economics Distorts “Consumer Welfare” in Antitrust
Jul 2019
The Chicago School has long used bankrupt assumptions to strangle antitrust policy.
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Charter Schools Unleashed “Educational Hunger Games” in California. Now It’s Fighting Back.
Jul 2, 2019
Andrea Gabor, author of “After the Education Wars,” discusses how California is pushing back on millionaire-driven charter schools. Will the rest of the America follow?