Government & Politics
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Working Paper Series
The Mismeasure of Mammon: Uses and Abuses of Executive Pay Data
Aug 2016
Report to the Institute for New Economic Thinking on the statistical measurement and policy implications of the compensation of the highest- paid U.S. corporate executives
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The link between health spending and life expectancy: The US is an outlier
Aug 18, 2016
The US stands out as an outlier: the US spends far more on health than any other country, yet the life expectancy of the American population is not longer but actually shorter than in other countries that spend far less.
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Working Paper Series
Political Lending
Aug 2016
Using a unique dataset provided by the Center for Responsive Politics (CRP), we document a direct channel through which financial institutions contribute to the net worth of members of the U.S. Congress, particularly those sitting on the finance committees in the Senate and the House of Representatives.
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Stark New Evidence on How Money Shapes America’s Elections
Aug 8, 2016
Oversights of two generations of social scientists have weakened democracy.
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Financialization and its Discontents
Aug 2, 2016
Focusing on what money really is – whether gold or state fiat – shifts attention away from what credit really is, which is to say away from the center of discontent.
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Working Paper Series
How Money Drives US Congressional Elections
Aug 2016
Social scientists have stubbornly held that money and election outcomes are at most weakly linked. New research provides clear evidence to the contrary.
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Modern Monopolies
Jul 21, 2016
With the power of modern computing being harnessed into increasingly small and portable devices, what do digital platforms mean for the entrenched global economy?
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German Worries: Fear Fosters Crisis
Jul 20, 2016
Inflation, the euro crisis – for years there has been one worry hype after another. Yet fear frequently turns out to be wrong. We need a committee of wise men in charge of dealing with the real risks.
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Working Paper Series
Latent Instrumental Variables: A Critical Review
Jul 2016
This paper considers the estimation problem in linear regression when endogeneity is present, that is, when explanatory variables are correlated with the random error, and also addresses the question of a priori testing for potential endogeneity.
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What’s the Problem With Protectionism?
Jul 19, 2016
One thing is now certain about the upcoming presidential election in the United States: the next president will not be a committed free trader.
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The Promise of Regrexit
Jul 12, 2016
Europe’s leaders must recognize that the EU is on the verge of collapse. Instead of blaming one another, they should pull together and adopt exceptional measures.
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From Brexit to the Future
Jul 11, 2016
The EU is preparing to take a tough line with Britain, in order to deter other member states from following it out of the Union. But it is the neoliberal agenda that has prevailed for last four decades, benefiting only the top 1%, that is fueled voter anger on both sides of the Atlantic.
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Another Banking Crisis in Europe? This Time, Save Banks, Not Bankers
Jul 7, 2016
If Italy or the European Union have to step in to save banks, there’s no reason for them to have to do it for free
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Brexit, Trump and the challenge of populism
Jul 6, 2016
What we’re reading: As the shock of the UK referendum vote to leave the European Union continues to roil, a number of analysts see it as revealing dynamics of which all Western policymakers ought to be aware
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Channeling Charles Kindleberger on Brexit
Jul 5, 2016
The economic historian would have seen the British vote to leave the European Union as part of a larger drama of centralization versus pluralism