;

economic history



  • The First Global Deflation is On—How Bad Will it Get?

    by Adam Tooze

    Worldwide, central banks are following the lead of the Federal Reserve and tightening their monetary policy. `It's unclear if policymakers have thought through the effects on employment, debt, and political stability. 



  • Is Jerome Powell Following History to Fight Inflation?

    by Adam Tooze

    Jerome Powell has drawn history into his public rationale for raising interest rates, arguing that his Fed won't repeat the problems of inaction of the 1970s. Is he risking a recession by ignoring the different causes of inflation today? 



  • Bad Economics

    by Simon Torracinta

    A historian of science reviews three books on the history of economic thought, which support the conclusion that the ideas animating the mainstream of the discipline and enabling it to dominate discussions of policy are badly in need of reexamination. 



  • The Economy is Good, Actually

    by Zachary D. Carter

    An economic historian says that the recovery from the pandemic is historically good in terms of the share of gains going to low-income workers, but the politics are not working in the Democrats' favor. 



  • After 20 Years, Enron Still Haunts Us

    by Gavin Benke

    Despite Enron's bankruptcy and the resulting economic fallout, American business media is still dangerously credulous toward promises of "innovation" and "disruption" without asking whether the latest hot entrepreneur is using smoke and mirrors. 



  • Lizabeth Cohen: Why Americans Buy So Much Stuff

    As holiday shopping overlaps with historic supply chain disruptions, NPR's Mary Louise Kelly talks with Lizabeth Cohen on the economy's reliance on spending and the culture of consumerism in the U.S.



  • Land of Capital: Jonathan Levy's "Ages of American Capital" Reviewed

    by Steven Hahn

    "Ages of Capitalism" is one of the first synthetic accounts of the relationship of capitalism and American politics and society, and provides an important vocabulary for a developing field of inquiry. It also, oddly, resonates with the older consensus history that assumed capitalism as a core part of American life.



  • Indentured Students: Elizabeth Tandy Shermer on Student Debt (Monday, October 4)

    Elizabeth Tandy Shermer shows that Democrats and Republicans intentionally wanted to create a student loan industry instead of generously funding colleges and universities, which eventually left millions of Americans drowning in student debt. Zoom, Monday, Oct. 4, 4:00 PM EDT.



  • What if the Coronavirus Crisis Is Just a Trial Run?

    by Adam Tooze

    The disjointed and haphazard global response to the COVID pandemic bodes poorly for the world's capacity for coordinated action to face inevitable crisies in the near future. The problem isn't a lack of means but a lack of commitment to collective action.



  • Wartime Wisdom to Combat Inflation

    by David Stein

    Today, monetary policy controlled by the Federal Reserve is the only tool commonly used to control inflation, pitting controlling prices against full employment and wage growth. The history of the World War II Office of Price Administration reveals other possibilities.