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The Tragedy of Child Poverty
Children are our most important resource. Everyone says it, but we don’t really mean it. Exhibit one: the percentage of children under the age of 18 that live in poverty. In 2007, at the peak of our...
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Troubling Trends
The Census Bureau just published new data revealing trends in living standards as of 2010. The trends are troubling to say the least. Median household income (adjusted for inflation) fell to...
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The Economic Crisis: Causes And Responses
An April 2011 Gallup poll found that 29% of Americans thought that the U.S. economy was in a depression. Another 26% thought it was only a recession. This is scary since according to the National...
View ArticleGlobalization, Capitalism, and China
A January 22, 2012 New York Times story, The iEconomy: How U.S. Lost Out on iPhone Work, has been getting a lot of coverage. The article makes clear that Apple and other major multinational...
View ArticleChina and Neoliberalism
China is widely celebrated as an economic success story. And it is as far as GDP, investment, and export growth is concerned. However, as we know well from our experience in the United States, such...
View ArticleThe Greek Crisis and Militarization
Greece has been in recession for close to four years and its economy continues its downward slide. Its unemployment stands at 20.9%, youth unemployment at 48%. In the words of the Guardian’s economic...
View ArticleEconomics And Values
Mainstream economics is largely built on theories that assume that people are best understood as highly competitive and individualistic maximizing agents. In fact, capitalism is said to be the most...
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Low-Wage Employment Recovery
The media has focused on the lack of jobs as a major election issue. But the concern needs to go beyond jobs to the quality of those jobs. As a report by the National Employment Law Project makes...
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The Continuing Relevance of Class
Politicians always seem to be talking about the middle class. They need some new focus groups. According to the Pew Research Center, over the past four years the percentage of adult Americans that...
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The Social Safety Net Under Attack
One of the subthemes of current discussions about how best to reduce our national debt is that we must reign in out-of-control spending on federal safety net programs. The reality is quite different....
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The Deteriorating Labor Market
Despite the declining rate of unemployment—-it fell to 7.4% in July, the lowest level since December 2008—it is clear that economic trends, especially the rate and nature of job creation, are far from...
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Almost 1/4 of U.S. Children in Poverty
If the well-being of our children is an indicator of the health of our society we definitely should be concerned. Almost one-fourth of all children in the U.S. live in poverty. The Annie E. Casey...
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Election Thoughts
President Obama had hoped that recent signs of economic strength would benefit Democrats in the recently completed election. While it is true that job creation has picked up, the unemployment rate is...
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Victory in Greece
Syriza won the Greek election and its leader, Alexis Tsipras, is now prime minister—the Greek people showed bravery and intelligence and we should be studying as well as supporting the efforts of...
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Victory: Greece Over The Troika
“Reports From The Economic Front” will soon be moving to its future home. It seems certain that the political economy textbooks of the future will include a chapter on the experience of Greece in 2015....
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