In this new book, Zambian-born economist Dambisa Moyo is concerned with the relationship between democracy and economic growth. Reviewer Donohoe considers whether the author sees any intrinsic value in democracy.
To most Americans, the best marker of a healthy economy will always be a decent-paying, full-time job. An economy only deserves celebrating when people with full-time jobs have rising paychecks. In America today, they don’t.
Reader Comments: Constitutional Crisis - Trump vs. Truth; Tax Cuts Don't Spur Growth; Need to Drop All New Charges Against Lac-Mégantic Workers; Immigration - and Norwegians; Hugh Masekela; 'Two-state Solution'; Young Workers - Largest Union Gain; Football; Announcements: Jews in American Labor ; Bill Fletcher in Bay Area; Angela Davis, Patrisse Cullors in New York; Students' Right to Vote; Today in history - start of the sit-ins; and more....
The GOP is steering the US in the opposite direction of proven paths to growth: well-educated workers and infrastructure investments. Low tax rates have never been the spur to growth. The spur to growth has been a well-trained and well-educated workforce, coupled with the infrastructure needed to support growth.
Chicago area municipalities that witnessed sharp declines in white population between 2000 and 2010 have continued to lose population, lose jobs or lose both since 2010, particularly majority-black and majority-Latino suburbs
Using policy to shift economic power and make U.S. incomes grow fairer and faster. Boosting income growth for the bottom 90 percent requires a policy agenda that explicitly aims to halt or reverse the rise in inequality. Finding no relationship between rising inequality and faster growth means raising living standards for the bottom 90 percent can likely be better for overall growth.
When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result. - James K. Galbraith (former Executive Director of the Joint Economic Committee - the congressional counterpart to the CEA). Paul Krugman in The New York Times has attacked Sanders' economics. Here a number of prominent economists respond, showing how big a change the proposals actually are. They are HUUUGE.
Reader Comments - Edward Snowden, NSA and NBC; Police Crimes; U.S. Cuba Policy; Tiananmen Anniversary; Ralph Fasanella's Art; Prisons and Solidarity Confinement; Workers and Labor; Taxes and Economic Growth; Carbon Pollution; New Populism; Sexual Harassment; Sexual assault of women protestors in India; Les Orear - R.I.P.
The audit found that the paid sick days law didn’t harm business, job, or wage growth in the city.
We must be careful of how we measure our progress. If we use the wrong metrics, we will strive for the wrong things. Economic growth as measured by GDP is not enough—there is a growing global consensus that GDP does not provide a good measure of overall economic performance. What matters is whether growth is sustainable, and whether most citizens see their living standards rising year after year.
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