Given the shortcomings of the prevailing antitrust framework, a growing chorus of voices is calling for a ground-up reconstruction of competition law and policy. But what would that look like? This symposium offers an affirmative vision of the new antitrust.
In Braddock, Pennsylvania – home to America’s first mill for the mass production of steel – more than a third of residents now live beneath the poverty line. How did Braddock go from a steel town to a hospital town to broke?
Financial regulation lies at the core of sound inflation management. Accordingly, progressives seeking to turn the page on the past few decades of failed macroeconomic policymaking should not hesitate to bring the full scope of financial regulatory tools to bear in the pursuit of just price stability.
Shelter is one of the largest items in a person’s budget, and among the most rigid. How can the state ensure that renters don’t get crushed as workers during a recession, and then crushed again with housing costs as the economy recovers?
In regions marred by extractive industry, a just transition requires redressing the political isolation and subordination of people living at the fenceline.
The pernicious effects of the divided welfare state are well known. Yet its darkest legacy may be how private health care benefits transmuted ill and aging bodies into rich and predictable streams of revenue.
A system of employer-based health benefits created not only a fragmented health care financing structure but also an extremely powerful and consolidated industry that now resists changes to that structure.
Postwar steelworkers and contemporary healthcare workers inhabited strikingly different economic circumstances. Yet in both eras, courts allocated to companies various powers they could use to impose market discipline on workers, thereby facilitating the degradation of work.
What happens when the factory is gone and the working class has been rendered dispersed and invisible? In this post, Gabriel Winant kicks off a symposium on his recent book, The Next Shift: The Fall of Industry and the Rise of Health Care in Rust Belt America.
The quest for “non-extractive finance” is filled with legal hurdles. This post examines how lawyers can support organizers working to imagine and build a better financial system.
In developing countries, inflation is often driven by the failure of the food supply chain. While economists are well-aware of this, they do not adequately value policies other than monetary policy for responding to inflation. It is time to discard this short-sighted approach.
To explain soaring energy prices, we must look beyond supply shortfalls and bottlenecks to the choices that governments have made about how to price energy.
Raúl Carrillo interviews Darrick Hamilton about the Fed’s approach to unemployment, the racialized harms of shifting the burden of price stability onto workers, and the long struggle for fair and full employment.
How inflation affects a country depends on how its currency is situated within the global monetary order. Peripheral states with subordinate currencies are both vulnerable to, and constrained by, monetary policy decisions at the core, an arrangement that penalizes the global periphery in ways that parallel historical patterns of uneven exchange.
The Fed was not designed to fight inflation, nor is it well equipped to do so. It is time for legislators to expand the macroeconomic policy toolkit.
