Real-World Economics Review

Follow on Twitch: https://www.twitch.tv/actdottv Julianna sits down with Dean Baker, macroeconomist and co-founder of the Center for Economic and Policy Research, to discuss what’s important when predicting an economic recovery, how the economy versus public health is a false dichotomy that lots of wall streeters would like us to believe is real, and how the health of the economy is dependent on the health of the people who drive it. Dean Baker co-founded The Center for Economic and Policy...

from David Ruccio By now, many readers will have seen or heard Donald Trump’s call for the country to get back to work within the next couple of weeks, accompanied by a slew of other insidious and irresponsible remarks along the same lines—from business executives, politicians, and pundits, including ex-Goldman Sachs CEO Lloyd Blankfein, Texas Lt. Gov. Dan Patrick, and Fox News.  What can one say in response to such a blatant disregard for workers’ lives, all in an attempt to protect...

from Lars Syll Do you believe that 10 to 20% of the decline in crime in the 1990s was caused by an increase in abortions in the 1970s? Or that the murder rate would have increased by 250% since 1974 if the United States had not built so many new prisons? Did you believe predictions that the welfare reform of the 1990s would force 1,100,000 children into poverty? If you were misled by any of these studies, you may have fallen for a pernicious form of junk science: the use of mathematical...

from Maria Alejandra Madi The  United States declared an economic war on China in early 2018. Economic warfare is a unilateral action that questions the existence of multilateralism and places the question of what regime we are about to enter after the weakening of the existing multilateral trade agencies. US trade policy opens the door for new relationships between emerging market economies and international financial institutions on issues of liberalisation but mostly it ends a period...

from C. P. Chandrasekhar and Jayati Ghosh The global devastation caused by Covid-19 is only just beginning, with the severe threat to public health worsened by the evident inability to cope of most health systems across developing and developed countries. Many states across the world appear to have realised the serious potential of this pandemic and have declared lockdowns, closures, partial curfews and curtailment of all but essential activities in efforts to contain the contagion. The...

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Sonali Kolhatkar speaks with Dean Baker, the senior economist at the Center for Economic and Policy Research, Baker also is the co-founder. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. His blog, Beat the Press, provides commentary on economic reporting. His analyses have appeared in many major publications, including The Atlantic Monthly, the Washington Post, the London Financial Times,...

from Peter Radford We are all familiar with what a “Minsky Moment” is.  Or we should be given the disaster of the Great Recession.  Whilst it’s true that economics has bumbled along pretty much unaltered since this dark years of just over a decade ago, and, yes, I am aware of the rumblings around the discipline’s edges, others have taken a bash at looking at facts. One of those people is Walter Scheidel who has given us a much needed historical context for our discussion about inequality....