NEP’s Bill Black appears on The Real News and says it’s important to reimplement the Glass-Steagall Act – but it’s not enough to prevent another financial crisis. You can view here with transcript or watch video below. [embedded content] [Translate]
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NEP’s Bill Black and Wharton professor of legal studies and business ethics Peter Conti-Brown discuss the Bank of England’s move to re-regulate the banking industry in Britain and protect depositors and taxpayers. You can view the article and listen to the podcast here. [Translate]
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This chart is pretty wow: Florence Jaumotte and Carolina Osorio Buitron of the International Monetary Fund have some ideas about how the correlation may have been caused: The main channels through which labor market institutions affect income inequality are the following: Wage dispersion: Unionization and minimum wages are usually thought to reduce inequality by helping equalize the distribution of wages, and economic research confirms this. Unemployment: Some economists argue that while...
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Heterodox
