Unemployment is a policy choice.
Accepting it as a perennial feature of the economy and an unfortunate but unavoidable situation IS a self-imposed intellectual handicap.
It causes so much pain and devastation.
We can choose differently:
https://t.co/p7s83GAM6X
The full transcript of James K. Galbraith's honoris causa speech is now available, featuring an introduction by @yanisvaroufakis. A well-deserved honor for the Levy Institute Senior Scholar. Read more: https://t.co/QAbcMPpkwv
Congratulations to Sr Scholar James K. Galbraith, awarded an honorary doctorate last week from the University of Athens in recognition of his contributions to modern economics.
His remarks can be read in the 🧵
https://t.co/ith0zMv3DP
@ProudSocialist Careful what you wish for. UBI is a Trojan Horse that will be used to undermine wages and the safety net. What we need is a federal job guarantee. https://t.co/gopCZ1dKtf
Signed by Levy President Pavlina R. Tcherneva (@ptcherneva.bsky.social), this op-ed by Olivier de Schutter et al. advocates for the Roadmap for Eradicating Poverty Beyond Growth.
You can now read the report and add your signature (🧵 below)
https://t.co/SAoqpJBFdi
Glad to lend my support to this effort.
‘Governments Can Dismantle Poverty’: 350 Economists Release Plan to Redesign Global Economies
We live in an age of manufactured scarcity.
https://t.co/ZQpZhCimZJ
Our job guarantee proposal is vastly superior. Puts public money to public use to address public needs. Not the sort of 'guarantee' that would ultimately make millions of jobs more precarious, while wiping out others altogether
https://t.co/vPFXrymPYx
see:
https://t.co/MsfvxtVtev
"Workers are going to be squeezed on both sides, stagnating wages and increasing cost of living." Levy President Pavlina Tcherneva weighs in on inflation discussions in recent @Marketplace report.
@ptcherneva
https://t.co/9QtHQkTPhK
Episode 7 of the Levy Institute Podcast series is out now!
In this episode, three Levy Institute scholars sit down to discuss the life and legacy of Wynne Godley, the father of the Stock-Flow Consistent Model used by the Levy macro-modelling team.
https://t.co/teITgQFejP
.@LevyEcon anniversary conference Keynote by Bill Janeway- "It was Minsky who revealed the profound conflict between 'the economics of Keynes' and the 'Keynesian economics' that dominated the teaching and practice of macroeconomics for at least a generation, and which remains embedded in contemporary 'New Keynesian' models of the economy." @ptcherneva
https://t.co/8YZARtLz7l
Speaking of Census hiring, those are the peaks in this chart. But the series shows sharp decline in public employment under Clinton, small reversal in the last 10yrs, and wreckage under Trump. Meanwhile, core services are understaffed and underfunded. Public sector jobs matter.
A @MinneapolisFed study of 850,000+ Census hires in 2010 finds that even temporary govt jobs can meaningfully affect labor market trajectories, especially for those on the employment margins.
https://t.co/UswmtY1wkv
A @MinneapolisFed study of 850,000+ Census hires in 2010 finds that even temporary govt jobs can meaningfully affect labor market trajectories, especially for those on the employment margins.
https://t.co/UswmtY1wkv
Poverty isn't just about money, it's about time. When we count unpaid household labor like childcare, cooking & cleaning, nearly 40% more employed Americans are living in poverty than official statistics suggest.
Read our latest brief, out now:
https://t.co/a4O2Y6zwjh
On May 8, we marked Levy's 40th anniversary by convening economists, journalists & policymakers to tackle the defining economic challenges of our time at our annual conference.
In the coming weeks we will share video footage and highlights from the day's proceedings. Stay tuned.
Perhaps Harvard's new As-to-GPA limit has been designed by economists to prevent them from becoming As-insolvent.
Maybe they think that This Time Is Different.
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@ProSyn https://t.co/i4bcbucBWx
As I argue in my latest @LevyEcon paper, precarity is THE current economic model and AI will make it worse.
The Job Guarantee can reverse engineer the labor market. https://t.co/fohJVgI17N
Glad to see it in @TomSteyer's platform
In our latest working paper, Levy President Pavlina Tcherneva advocates for a job guarantee: "Not as a transitional measure. Not as a residual safety net. But as the institutional anchor of an economy that finally works for the people who do the work."
https://t.co/5IOHRWayXE
This Friday, we welcome Senior Levy Scholar and member of the Institute's Macro-Modeling Team, Gennaro Zezza to Blithewood for our anniversary conference!
Zezza will focus on prospects for the US, outlining the sustainability of a K-shaped economy.
https://t.co/uFjew5aDi3