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economic history



  • The Great Depression, Coronavirus Style: Crashes, Then and Now

    by Nomi Prins

    Monetary policy responses to the current crisis can't fix either the structural problems that make the economy vulnerable to severe disruption or the virus and public health crisis that underlie that disruption. Governments must choose to take coordinated action on multiple fronts. 



  • The Unluckiest Generation In U.S. History

    Economic data suggest that Millennials aren't just complaining. Their early years on the job market have been affected by the Great Recession and COVID and seen less growth than any other generation.



  • Is Capitalism Racist?

    Nicholas Lemann considers Walter Johnson's new book The Broken Heart of America in light of recent debates among historians about the relationship of slavery, capitalism and racism.


  • The Making of a Periphery

    by Ulbe Bosma

    How did the once-prosperous islands of Southeast Asia transform into a “peripheral” region?


  • Capitalism Versus Socialism: Did Capitalism Really Win?

    by Walter G. Moss

    The main task of voters in 2020 and thereafter will not be to choose whether we want capitalism or democratic socialism. Rather, it will be to decide the best pragmatic mix of the two (and best presidential candidate) to further the common good. 


  • Citibank: Exploiting the Past, Condemning the Future

    by Alan Singer

    To celebrate its 200th anniversary in 2011, Citibank published a book celebrating its history. Despite the book's heft, glossy photographs, and celebratory tone, Citibank and its forbearers definitely did not strive to make the world a better place.


  • The Widening Gap Between the Super-Rich and Other Americans

    by Lawrence Wittner

    Although President Donald Trump has claimed that “inequality is down,” federal data released this year show that, in 2018, the nation’s income inequality reached the highest level since the U.S. Census Bureau began measuring it five decades before.