“Now, the rest is up to us because we are responsible for each other and to each other. We are responsible to the future, and not to Chase Manhattan Bank.” –– James Baldwin This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here. Several commenters have argued that…
The blog is back! We’ll do our best to keep you as grounded as we possibly can for what is sure to be an increasingly strange and alienating fall.
The Law and Political Economy Project is pleased to announce it will be holding an eight-week Anti-Monopoly and Regulated Industries Summer Academy in June, July, and the first week of August. The Anti-Monopoly and Regulated Industries Summer Academy (AMRI Summer Academy) will provide participants with a crash course in political economy, anti-monopoly, public utility, and…
Dear Readers, As part of our ongoing coverage of the COVID-19 crisis from an LPE perspective, we bring you a round-up of recent work from our LPE community. We’re aiming to make these a (semi) regular feature of the blog throughout the crisis. Above all, we hope you are as well as can be expected. …
As part of our ongoing effort to bring you the best LPE work on COVID-19, today we bring you this piece from John Whitlow, followed by a roundup of LPE COVID writing published elsewhere. The poet Langston Hughes once wrote, “I wish the rent was heaven sent.” With a record 10 million Americans filing for…
Inspired by Anne Alstott & Ganesh Sitaraman’s The Public Option, this post suggests that it is time to tell new stories about the nature and purpose of economic institutions, and that infrastructural investments should be put to work to ensure there is a world we can retire into.
NB: This post is part of the “Piercing the Monetary Veil” symposium. Other contributions can be found here. Like most advocates of Modern Monetary Theory (MMT), I didn’t embrace the paradigm because I dig late-night chats about accounting identities. Rather, I found it while pursuing economic justice (following the lead of Angela Harris, Emma Coleman…
It is common to claim that finance is about ‘credit-intermediation,’ a matter of channeling funds from virtuous savers to needful end-users. The picture behind this assertion is that of a gargantuan broker—the financial system as ‘go-between.’ But modern financial systems are much more about credit-generation than intermediation. We need a new metaphor. In our view,…
