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Joseph Stiglitz

What Happened To Link Between Profits and Productivity?

Harlan Green | Posted 05.26.2016 | Business
Harlan Green

What happened to the link between profits and productivity, on which economic growth is based? It has broken down of late, so that profits are no lon...

Middle Class Finally Gets a Raise

Harlan Green | Posted 05.19.2016 | Business
Harlan Green

A new rule just announced by the Obama administration will, effective December 1, double the overtime-pay salary threshold and set it to automatically increase every three years. It's about time.

Why So Little Inflation?

Harlan Green | Posted 05.18.2016 | Business
Harlan Green

Where's the inflation? It is barely rising, as consumers still wait for bargains before they decide to buy. The overall Consumer Price Index in April rose just 1.1 percent, and is up 2.1 percent less food and energy prices, which have been falling this year.

Sentiment on Trade Policy Is Shifting: TPP Is Bad Policy, After All

Stan Sorscher | Posted 05.06.2016 | Politics
Stan Sorscher

This year's political campaign has forced the economics profession to reconsider the fraying orthodoxy of free trade.

Economists Deny What's Driving the Inequality Trainwreck

Lynn Parramore | Posted 01.29.2016 | Politics
Lynn Parramore

What's really causing the growing gap between haves and have-nots? Is it mechanical market forces? Outsourcing? Real estate?

What's Behind China's Bumpy 'New Normal'

Joseph E. Stiglitz | Posted 01.28.2016 | World
Joseph E. Stiglitz

SHANGHAI -- "Markets with Chinese characteristics" are as volatile and hard to control as markets with American characteristics. Markets invariably take on a life of their own; they cannot be easily ordered around. To the extent that markets can be controlled, it is through setting the rules of the game in a transparent way. The policy approach China adopts will strongly influence economic performance and prospects worldwide.

Davos Conference Highlights Why There's Slower Growth

Harlan Green | Posted 01.26.2016 | Business
Harlan Green

What should be at the center of discussions is the increased inequality in wealth and income that is affecting U.S. economic growth in particular, but also the rest of the world. But instead, most of the attention has been focused on China's growth problems, as if China is the world's piggy bank.

The Global Search for Education: Learning How to Learn

C. M. Rubin | Posted 01.23.2016 | Education
C. M. Rubin

"Numeracy and literacy are important, but learning is also a vehicle to help people recover and regain what is most critical to them - their own digni...

The Infrastructure Cure for the Economy

Dave Johnson | Posted 01.06.2016 | Business
Dave Johnson

Altogether, there are close to eight million people counted as unemployed, but only about 5.4 million job openings. With a big, bold investment in infrastructure, we can move the economy to full employment, raise wages and put our economy -- and our day-to-day lives -- on a more firm foundation.

Why the Great Malaise of the World Economy Continues in 2016

Joseph E. Stiglitz | Posted 01.04.2016 | World
Joseph E. Stiglitz

The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.

Why the U.S. Could Soon Be the World's First Former Middle Class Society

Joseph E. Stiglitz | Posted 12.09.2015 | World
Joseph E. Stiglitz

America is becoming a more divided society -- divided not only between whites and African Americans, but also between the 1 percent and the rest, and between the highly educated and the less educated, regardless of race.

Tonight's Debate: We Need to Talk About Mass Incarceration

Lauren-Brooke Eisen | Posted 11.14.2015 | Politics
Lauren-Brooke Eisen

When it comes to criminal justice, the nation is at a crossroads. There is widespread agreement that too many are in prison for too long. Saturday night would be an ideal time for one of the candidates to begin demonstrating leadership on this issue.

Waiting for the TPP

David Coates | Posted 11.05.2015 | Politics
David Coates

The emptiness of past promises stands as a stark warning of the likely emptiness of the promises now to come. We know the trade deal that America needs. If the TPP is not do that, it does not deserve our support: and if it does not deserve our support, that support should not be given.

Living on $2 Per Day

Peter A. Georgescu | Posted 10.14.2015 | Impact
Peter A. Georgescu

We can hire more people tomorrow. We can invest in new ventures next week. Most of all, we can raise wages. These are choices people in the private sector can be making immediately--nothing is stopping us but our willful blindness to the crisis around us.

What Should Janet Yellen's Fed Do?

Harlan Green | Posted 09.10.2015 | Business
Harlan Green

Their policies have to maximize the purchasing power of consumers that power most economic growth. If consumers can't or won't spend more, then our economy can't grow as it should.

Joseph Stiglitz: How "Deep-Seatedly Wrong" Economic Thinking Is Killing Greece

Lynn Parramore | Posted 08.24.2015 | World
Lynn Parramore

The insistence on keeping wages down, stripping away bargaining power from workers, forcing small business owners to pay taxes a year in advance, and cutting pensions will only hamper demand and lead to a deepening spiral of debt.

The International Tax System is 'Repulsive And Inequitable.' Here's A Way To Fix It.

The Huffington Post | Ben Walsh | Posted 08.20.2015 | Politics

The way we tax multinational corporations is “repulsive, inequitable and inefficient,” according to Nobel Prize-winning economist and Columbia Uni...

I Really Am Still Undecided Between Bernie and Hillary

Ian Reifowitz | Posted 08.19.2015 | Politics
Ian Reifowitz

For those turned off by my considering anything other than the issues, I can't help you. And for those who were hoping I'd bash either of these Democrats, well, I can't help you either. As of now, one of these two will be the Democratic nominee (could Joe Biden shake up the race? I doubt it, but one never knows). I would be happy and proud to work for and vote for either Hillary or Bernie in the general election.

How America's Global Financial System Blocks Development

Joseph E. Stiglitz | Posted 08.10.2015 | World
Joseph E. Stiglitz

NEW YORK -- Today, developing countries and emerging markets are saying to the U.S. and other rich nations: If you will not live up to your development aid promises, at least get out of the way and let us create an international architecture for a global economy that works for the poor, too.

Money Cannot Be The God of Life: How CEO Pay Drives Inequality

Heather Gautney | Posted 07.22.2016 | Politics
Heather Gautney

Lawmakers have failed to keep the wage apace with inflation so that its value is now less than it was five decades ago.

"If We Destroy Creation, Creation Will Destroy Us"

Aiko Stevenson | Posted 07.17.2016 | Green
Aiko Stevenson

Unless the global community strikes an effective deal to rein in its carbon emissions, unchecked climate change could usher in a hellish world of lethal heat, soaring food prices, and the failure of even wealthy states.

Jonathan Cohn

Hillary To Jeb Bush: The Problem Is CEOs, Not Their Workers

HuffingtonPost.com | Jonathan Cohn | Posted 07.13.2015 | Politics

Jeb Bush got a lot of attention last week when he suggested that Americans who want higher living standards need to work harder. During a speech o...

Minding the Gap of the Great Divide

Vince Carducci | Posted 07.03.2016 | Books
Vince Carducci

In the wake of Occupy Wall Street and the anti-austerity protests in Spain, Greece, and elsewhere around the world, economic inequality has emerged as one of the more hotly debated issues in the public sphere.

Christina Wilkie

Bernie Sanders Hints At What A Sanders Administration Cabinet Could Look Like

HuffingtonPost.com | Christina Wilkie | Posted 07.06.2015 | Politics

Democratic presidential candidate and Vermont Sen. Bernie Sanders (I) offered a first glimpse on Sunday of some of the people he might consider for hi...

A Blueprint for Getting America Back on Track

James P. Hoffa | Posted 07.02.2016 | Business
James P. Hoffa

Given the economy's size and complexity, our problems cannot be solved by tinkering around the edges. Instead, a total revamp is necessary, one that both grows the middle class while reining in the runaway excess of the business class.