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LPE Originals

What’s Beyond “Beyond Neoliberalism”?

Neoliberalism, we are increasingly told, has one foot in the grave. It is worth, then, thinking seriously about what comes next. What paradigms might replace it, or give it one more mutated form? One possibility, gaining attention in mainstream progressive policy circles, is what some call “productivism” or “supply side liberalism.” But will a focus on production really address the fundamental problems with our political economy? And to what extent does this supposedly new version of industrial policy move us beyond the governing vision that defined neoliberalism itself?

LPE Originals

Saving Industrial Policy from Shareholder Primacy

Renewed attention to industrial policy has the potential to accelerate decarbonization and expand our productive capacities. If we are to realize this promise, however, we must guard against the diversion of public investment to private coffers. In this post, Lenore Palladino, Reed Shaw, and Will Dobbs-Allsopp explain how the Biden Administration can limit the negative effects of shareholder primacy on industrial policy.

LPE Originals

The “Value of a Statistical Life”: Reflections from the Pandemic

Economists who insist that the “value of a statistical life” can be determined solely by looking at the preferences of individual economic agents in a market overstate their case and miss crucial alternatives. The pandemic has shown that democratic determinations of value for non-market goods (like human life) deserve greater consideration.

LPE Originals

A Post-Neoliberal Regulatory Analysis for a Post-Neoliberal World

While treating economic growth as the summum bonum of public policy may reflect the preferences of economists, large majorities of voters across the political spectrum oppose using the aim of wealth maximization to guide regulatory decision-making. The time has come to abandon cost-benefit analysis and adopt a progressive approach to regulatory analysis.

LPE Originals

Let’s Politicize Cost-Benefit Analysis

Conservatives have used cost-benefit analysis much more strategically than liberals to advance underlying political goals. Rethinking CBA within an LPE framework will require not only critique of its technical assumptions, but a willingness to be similarly strategic in thinking about its deployment.

LPE Originals

Equity in Regulatory Cost-Benefit Analysis

Standard cost-benefit analysis exacerbates inequality by assigning greater weight to benefits that accrue to the rich. But it need not. Here are three strategies for bringing concerns about distribution within the CBA framework.

LPE Originals

Who Should Pay for Police Misconduct?

George Floyd’s family will almost certainly bring a lawsuit against Minneapolis Police Officer Derek Chauvin, the three officers on the scene who stood by, and the City as a whole. Assuming Floyd’s family prevails, who will foot the bill? And who should?

LPE Originals

Executive Action as Power Building: A Response to Professor Doerfler

Ryan Doerfler has an article over at Jacobin reacting in part to my argument that current law enables the Secretary of Education to cancel as much student debt as she wants by using her enforcement discretion. Professor Doerfler is not so much arguing against my proposal (for which he has some flattering words) as he…