establishment democrats and republicans weren’t fearful he’d fail and ruin nyc. they were worried he’d succeed and represent the threat of a good alternative
The Department of Economics at the New School for Social Research has just issued a statement on the New School's decision to layoff dozens of staff and faculty colleagues, including our own colleague and friend, Professor Sanjay Reddy.
It’s truly tragic to see the New School for Social Research being slashed at a time when its commitment to critical scholarship is urgently needed.
How about the City of New York rescues NSSR and integrates it into CUNY, @NYCMayor?
In 1961, meteorologist Edward Lorenz was tweaking a weather simulation on a bulky early computer at MIT. To save a bit of time on a rerun, he rounded one harmless-looking number in the printout from 0.506127 down to 0.506.
When he returned later, the forecast had gone totally insane. The two runs, which should have been almost identical, had completely diverged after just a few simulated days. That tiny rounding error had snowballed into chaos.
Lorenz had just discovered sensitive dependence on initial conditions, the heart of what we now call chaos theory.
The idea exploded into the butterfly effect and reshaped entire fields from weather forecasting to physics, biology, stock markets, and even why long-term predictions are so hard.
When we came into office, we uncovered a $12 billion budget deficit.
Today, I’m proud to say we brought it down to zero.
We didn’t close the gap on the backs of working people.
We closed it while funding parks, libraries, safer streets and making historic investments in public housing.
Call it Pothole Politics. Call it Democratic Socialism. It's government that delivers for the people who make this city run.
That’s what New Yorkers deserve. And that’s what we will keep fighting for every single day.
New QJE paper on France’s mandated profit-sharing: distributing excess profits to workers raises the labor share and reduces the profit share, with little effect on investment or productivity. Gains mainly go to lower-skilled workers; high-skilled pay unaffected.
Just like @Columbia, The New School's administration would rather gaslight and punish their own students than listen to them. Everything in service of Israel. Democracy for thee, apparently.
The New School just sent an angry email to its student body saying that despite the vote of the student senate, Hillel will still get funding. The administration criticized the senate for trying “to hold students responsible for the acts of governments.”
Note: In this case, the students are literally funded to go to Israel and play a support role for the IDF.
Come join this group of critical economists, policy thinkers, and trade union activists to discuss public provisioning, the limits of markets, and the future of NYC.
May 2 at The New School.
It's a pleasure to be able to announce the first "People's Policy Conference" at the New School, scheduled May 2nd (Sat) from 9AM-6PM!
20+ guests including Adam Tooze (@adam_tooze) and Isabella Weber (@IsabellaMWeber)!
Registration: https://t.co/pLoFkzGVZL