The Slack Wire

The more you read in the history of macroeconomics and monetary theory, the more you find that current debates are reprises of arguments fro...

An interesting fact about the world we live in is that, for all the talk about robots replacing human labor, every item of clothing you ow...

The new issue of Rethinking Marxism  has my review of The Crisis of Neoliberalism by Gérard Duménil and Dominique Lévy. Since RM is paywall...

Arjun and I have continued to work on our project on fiscal and monetary policy, which develops the simple -- but strangely overlooked [1] -...

Yesterday, we at the John Jay Economics Department hosted my friend Liza Featherstone , author of Students Against Sweatshops and Selling W...

A friend writes: Let's suppose that the United States could get a Universal Basic Income, but it had to trade a bunch of stuff for it....

The last post got some very helpful comments from MisterMR (the regular commenter formerly known as Random Lurker) and Kevin Donoghue. Both...

I recently picked up Capital and the 21st Century again. And what's striking to me, on revisiting it, is the contrast between the descr...

Sitting on the subway today, I was struck by the fact that the three ads immediately opposite me were all for what you might call liquidity ...

Does anybody read Bagehot's  Lombard Street any more? You totally should, it's full of good stuff. It's baffling to me, as a so...