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Image from book cover of "Petroleum and Progress in Iran."

There Will Be War

U.S.-Iranian relations, the interrelationship between Iranian development and the global oil market, and the future of economic warfare.
Men in suits with briefcases walking.

The Myth of the Socially Conscious Corporation

The argument that corporations have historically been a force for good—and can be again—is wishful thinking.
Painting of soldiers on the front.

How They Paid for the War

In World War II, the US had a planned economy. Its principles were similar to MMT.
Bridge in Pittsburgh.

Life In The ’Burgh'

A Steel City bibliography of Pittsburgh.
The cover of "Sectionalism and American Political Development: 1880-1980"

Sectional Industrialization

Political scientist Richard Bensel explains the feedback loops between policy commitments of political elites and the regional distribution of political power.
Painting depicting the U.S. Army and American Indians signing the Treaty of Greenville, 1785.

How the (First) West Was Won: Federalist Treaties that Reshaped the Frontier

Treaties with Britain, the Confederated tribes, and Spain revealed that America was still dependent on the greater geopolitics of the Atlantic World.
CDC Director Rochelle Walensky at a 2022 CDC Briefing.

The Year the Pandemic "Ended" (Part 1)

The following piece presents an incomplete timeline of the sociological production of the end of the pandemic over the last year.
Former Federal Reserve Chairman Paul Volcker in front of a red arrow made of money pointing upwards.

The Messy True Story of the Last Time We Beat Inflation

The usual narrative about the "Volcker shock" leaves a lot out — and policymakers risk learning the wrong lessons.
Vice President Harris at the Freedman’s Bank Forum in Washington on Oct. 4.
partner

The Freedman’s Bank Forum Obscures the Bank’s Real History

The bank’s history highlights flaws in using public-private partnerships to address racial inequality.
Illustration of Economists in Different Positions in the Government

May God Save Us From Economists

Over the last half-century, economics has infiltrated parts of the federal government where it has no business intruding.
A still from "Ulitza Sezam" with the cast and puppet characters sitting around a table.

When the Muppets Moved to Moscow

A new book details the tangled tale of "Ulitsa Sezam," a "Sesame Street" spinoff that aired until visions of Russia's democratic future faltered.
Man carrying bundle of sugarcane over his head walking on plank in Guyana sugarcane fields

The Capitalist Transformations of the Countryside

Centuries of capitalism saw the global countryside ruthlessly converted into cheap commodities. But at what cost?
Image of Jerome Powell speaking at a conference.

Vectors of Inflation

Inflation hawks and inflation doves alike have learned the wrong lessons from the monetary policies of Paul Volcker and Alan Greenspan.

The Brutal Legacy of the Longleaf Pine

The carefully-tended longleaf pine forests of North America were plundered by European colonizers. They're still recovering.
Illustration of a man hunched over a computer at work and another leaning back relaxing; the two drawings are positioned so that it looks like the relaxing man is leaning on the working man.

Why Isn’t Everybody Rich Yet?

The twentieth century promised prosperity and leisure for all. What went wrong?
Painting of a plantation.

The Old South Shall Rise Again

On the economic system of Silicon Valley.
Stock traders watching Jerome Powell in conference on screens in the New York Stock Exchange.
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Seeing Americans as Consumers Threatens the Fairness of Our Economy

The Federal Reserve keeps increasing interest rates to try to bring prices down — but that may erase gains by non-White workers.
American politicians with supporters and German citizens in the background

1989-2001: America’s Long Lost Weekend

From the fall of the Berlin Wall to 9/11, we had relative peace and prosperity. We squandered it completely.
Flooding in Livingston, Montana, with Yellowstone National Park mountains in the background.

What Extreme Flooding in Yellowstone Means for the National Park's Gateway Towns

These communities rely almost entirely on tourism for their existence—yet too much tourism, not to mention climate change, can destroy them.
The Marriner S. Eccles Federal Reserve Board Building under construction.

“Supreme Court of Finance:” Democratic Legitimacy and the Development of the Federal Reserve System

What degree of legitimacy by voters does a public institution need in a democracy, and how much independence do experts in such an institution need to do their job?
Reflection on glass of a bitcoin symbol and a downward trending stock market graph.
partner

Digital Currencies Are Repeating the Problems of 19th-Century Paper Money

History’s lessons for the volatile digital currency markets.
A worker sits with his head in his hands on the floor of the New York Stock Exchange on Oct. 24, 2008, as the markets endured losses.

How The Neoliberal Order Triumphed — And Why It’s Now Crumbling

Historian Gary Gerstle lays out an era's policies and ideologies, and what undermined them.
1861 engraving of Slaves for sale, a scene in New Orleans.

An Enduring Legacy: Financial Institutions, the Horrors of Slavery, and the Need for Atonement

Historian Daina Ramey Berry's April 2022 congressional testimony on the role of banks and insurers in US slavery.
Photo of a tank and soldiers with guns raised in forest.

A New History of World War II

A new book argues that the conflict was a battle for empire.
Protester in a march, holding a sign that reads "Bank on the future."

The Way We Talk About Climate Change Is Wrong

The language of “sacrifice” reveals we’re stuck in a colonial mindset.
Woodcut illustration from 1934 economics textbook depicting people walking from tenement houses past an advertising billboard and straight to a loan office.

Bad Economics

How microeconomic reasoning took over the very institutions of American governance.
Map of the Baltimore B&O railroad

The B&O Railroad From Municipal Enterprise To Private Corporation

A cautionary tale about the costs and benefits of public/private partnerships.
Iron fence featuring mickey mouse shaped ornaments.
partner

Movie Studios Are Abandoning Russia, A Far Cry From How They Handled Nazi Germany

During World War II, movie studios went to pains not to alienate the Nazis.
A political cartoon lampooning the “robber baron” monopolists’ exploitation of laborers, 1883

When Americans Liked Taxes

The idea of liberty has often seemed to mean freedom from government and its spending. But there is an alternate history, one just as foundational and defining.
Henry Louis Gates Jr.

How Henry Louis Gates, Jr., Helped Remake the Literary Canon

The scholar has changed the way Black authors get read and the way Black history gets told.

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