David Stuckler and Sanjay Basu’s new book The Body Economic: Why Austerity Kills is a thorough examination of the toll that recessions take on people’s health. They show, convincingly, that there are many, many channels through which health outcomes can deteriorate when the economy goes into a deep recession. They also show that the manner in which the government reacts to an economic downturn is a critical factor in determining health outcomes. Deterioration in health in a recession, though common, is far from inevitable.
|By: Mark Thoma Saturday June 29, 2013 1:59 pm|
|By: David Dayen Sunday May 12, 2013 1:59 pm|
In What Then Must We Do?, political economy professor Gar Alperovitz slowly and deliberately nudges readers off the traditional course of political activism assumed to bring about progressive change – elections, legislative fights, protest actions, firing the twin engines of grassroots Democratic groups and organized labor – arguing that these methods have failed. He finds readers at that moment of despair, when the best efforts we’ve known to create the space for change have failed. Indeed, he doesn’t believe that these efforts can reverse what is now a decades-long march of structural economic, environmental and political decline. “Absent major national shocks,” he writes, “the capacity for fundamental political change is limited in the American context.”
|By: Mike Konczal Saturday May 4, 2013 1:59 pm|
Robert Kuttner’s Debtors’ Prison ties together many of the individual fights progressives are battling over into a general argument for why our economy is broken 5 years after the Great Recession began. There are those fighting both Republicans and some Democrats on topics ranging from austerity to foreclosure relief and financial sector accountability, while there are fellow activists in Europe fighting against the European Central Bank’s policy of tight money and anti-democratic takeovers of local policy.
|By: Ariadne Allan Autor Sunday February 3, 2013 1:59 pm|
There are books about Washington and books about business. Rarely do these worlds collide so dramatically than in Hedrick Smith’s Who Stole The American Dream. He explores pivotal decisions and their relative impacts in these two seemingly disparate worlds with keen insight and analysis. The relationships and connections he traces can be described as a “mash-up” of some of his best reporting.
|By: William Black Saturday January 5, 2013 1:59 pm|
I am hosting the Firedoglake discussion of my colleague Randy Wray’s new “Primer” on macroeconomics. Macroeconomics is the study of the overall economy – economic growth, recessions, depressions, inflation, unemployment, and employment are big issues that macroeconomics studies. The key policies it addresses are usually divided into fiscal (tax and spending) and monetary policies (the growth of the money supply and setting interest rates).
The concept of monetary tools has broadened as we have seen the Federal Reserve change what had been a severely constrained “lender of last resort” function of the central bank into the most massive bailout program in history. Similarly, the central bank’s interest rate setting function that was long focused on short-term rates has expanded into large experiments that attempt to lower long-term interest rates (“quantitative easing”).
|By: masaccio Saturday April 21, 2012 4:00 pm|
The Great Crash posed one question for this country: who would bear the losses? Would it be the banks that caused the problems? The officers, directors and shareholders of those banks? Their careless counterparties? The investors who bought the fraudulent real estate mortgage-backed securities and the complex spin-offs? The owners of capital who threw money into hedge funds and other exotic investments expecting a geyser of money in return?
|By: Paul Street Sunday December 11, 2011 1:59 pm|
I encourage readers to purchase two copies of The Tea Party and the Remaking of Republican Conservatism – one for themselves and one as a Christmas present for their right wing uncle. That uncle might well stay with Skocpol and Williamson’s highly readable and well-crafted study to the end without throwing it down in anger – something I can’t say with much confidence about my book with DiMaggio.
|By: Blue Texan Monday October 17, 2011 10:30 am|
Before he was the GOP’s 2012 frontrunner, Herman Cain wrote a weekly, syndicated opinion column. And he devoted a lot of his columns in 2008 to talking about how awesome the economy was — and basically saying that anyone who said otherwise was just trying to make Republicans look bad. (h/t Mark Benjamin)
|By: billblack Sunday August 14, 2011 1:59 pm|
Any analysis that ignores control fraud is certain to distract us from the reforms essential to prevent our recurrent, intensifying financial crises. Ignoring fraud led the authors to propose reforms that are criminogenic.
|By: Peterr Saturday April 30, 2011 9:00 am|
Tomorrow is May 1, and college graduation season is almost upon us. Seniors everywhere are writing their last papers, taking their last exams, preparing for the end of their college careers, and probably crying about the employment situation. College placement officers might as well be grief counselors.
For the last three years, the unemployment picture has been Ugly with a capital U, especially for those graduating from college. The Economic Policy Institute’s new paper “Class of 2011: Young workers face a dire labor market without a safety net” is a depressingly accurate take on what they face.
Glad I’m not a commencement speaker this year.