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The plough, the loom and the anvil book drawing

In the Common Interest

How a grassroots movement of farmers laid the foundation for state intervention in the economy, challenging the slaveholding South.
by Nic Johnson, Chris Hong, Robert Manduca via Boston Review on May 18, 2021

Portrait of the United States as a Developing Country

Dispelling myths of entrepreneurial exceptionalism, a sweeping new history of U.S. capitalism finds that economic gains have always been driven by the state.
by Justin H. Vassallo via Boston Review on May 1, 2021
FDR with eyes crossed out with red line

Is It Time to Cancel FDR?

Today’s progressives are children of the old Republican Party, not the New Deal Democrats. Roosevelt and his followers stood for nearly everything they oppose.
by Michael Lind via Tablet on April 11, 2021
Robert Mundell receives the Nobel Prize in economics from Swedish King Carl XVI Gustaf, in 1999.

Remembering the Father of Supply-Side Economics

Robert Mundell’s theories spawned decades of economic debate and still matter to the big ideas of today.
by Bruce Bartlett via The New Republic on April 7, 2021
President Biden in a warehouse
partner

Government Has Always Picked Winners and Losers

A welfare state doesn't distort the market; it just makes government aid fairer.
by David M. P. Freund via Made By History on March 29, 2021

The People, It Depends

What's the matter with left-populism? A review of Thomas Frank's "The People, No: A Brief History of Anti-Populism."
by Erik Baker via n+1 on March 24, 2021
Protesters at a rally for a $15 minimum wage
partner

The Missing Piece of the Minimum Wage Debate

History shows that boosting the minimum wage leads to consumer spending.
by Colleen Doody via Made By History on February 25, 2021
class politics graphic of voters facing off

The Politics of a Second Gilded Age

Mass inequality in the Gilded Age thrived on identity-based partisanship, helping extinguish the fires of class rage. In 2021, we’re headed down the same path.
by Matthew Karp via Jacobin on February 17, 2021
image of Milton Friedman reading a book

"Welfare Without The Welfare State": The Death of the Postwar Welfarist Consensus

Cash transfers are an efficient response to the Covid-19 crisis, but UBI is a radical transformation of how states conceptualise and provide for people’s needs.
by Daniel Zamora, Anton Jäger via New Statesman on February 9, 2021
A mural advertising the Super Bowl in Tampa Bay.
partner

Sports Gambling Could Be the Pandemic’s Biggest Winner

But it probably won’t be the savior some expect.
by Jonathan D. Cohen via Made By History on February 5, 2021
Herbert Hoover in January 1933

Herbert Hoover Did Something Donald Trump is Unwilling to Do

While Herbert Hoover was deeply critical of his successor, he put aside his differences to ensure the peaceful and democratic transition of power.
by Meg Jacobs via CNN on January 20, 2021
A composite photograph of South Carolina's majority-black legislature created and circulated by opponents of Reconstruction

The Austerity Politics of White Supremacy

Since the end of the Confederacy, the cult of the “taxpayer” has provided a socially acceptable veneer for racist attacks on democracy.
by Vanessa Williamson via Dissent on January 11, 2021
Black and white photo of a girl sitting with a baby carriage and dollhouse

The US Government Can Provide Universal Childcare — It’s Done So in the Past

There’s no reason we can’t have universal childcare that’s wildly popular and provides high-quality care — in fact, during World War II, we did.
by Daphna Thier via Jacobin on December 27, 2020

Footing the COVID-19 Bill: Economic Case for Tax Hike on Wealthy

There is a strong economic case for raising taxes on the rich to help repair public finances following the pandemic.
by David Hope, Julian Limberg via The Conversation on December 16, 2020
Alexander Hamilton on the ten dollar bill

What We Still Get Wrong About Alexander Hamilton

Far from a partisan for free markets, the Founding Father insisted on the need for economic planning. We need more of that vision today.
by Michael Busch, Christian Parenti via Boston Review on December 14, 2020
Freight train traveling through grasslands.

Forty Years After Surface Freight Deregulation

The regulatory reforms of the railroad and trucking industries are models for evidence-based, bipartisan policymaking.
by Jerry Ellig via The Regulatory Review on December 14, 2020

The Real History of Race and the New Deal

Material benefits trumped FDR's terrible civil rights records.
by Matthew Yglesias via Slow Boring on December 11, 2020

From Keynes to the Keynesians

Socialised investment and the spectre of full employment.
by Tim Barker via Verso on December 4, 2020
A political cartoon of the panic, depicting mobs, drunkards, and class struggles.

Panic of 1837

The panic of 1837 was a financial crisis in the United States that triggered a multi-year economic depression.
by Stephen Campbell via The Economic Historian on November 12, 2020
1912 political cartoon of the Aldrich Plan depicted as an octopus with tentacles on a bank, a factory, and a farm while spitting coins into the NYSC.

A Popular History of the Fed

On Populist programs and democratic central banking.
by Noam Maggor, Anton Jäger via Phenomenal World on October 1, 2020
A pen and ink portrait of Alexander Hamilton as Treasury Secretary.

A New Hamilton Book Looks to Reclaim His Vision for the Left

In “Radical Hamilton,” Christian Parenti argues that the left should use Alexander Hamilton’s mythologized status to drive home his full agenda.
by Ryan Grim via The Intercept on August 4, 2020

Stop Worrying About Protecting ‘Taxpayers.’ That Isn’t the Government’s Job.

Republicans are replacing the public good with a far narrower definition of it.
by Lawrence B. Glickman via Washington Post on August 3, 2020

Whose Century?

One has to wonder whether the advocates of a new Cold War have taken the measure of the challenge posed by 21st-century China.
by Adam Tooze via London Review of Books on July 22, 2020
Joe Biden and Bernie Sanders
partner

Postal Banking is Making a Comeback. Here’s How to Ensure it Becomes a Reality.

Grass-roots pressure will be key to turning the idea into reality.
by Christopher W. Shaw via Made By History on July 21, 2020
A political cartoon

The New Deal and Recovery

The first in a series of posts to offer evidence casting doubt on the view that New Deal programs ended the Great Depression.
by George Selgin via Alt-M on June 12, 2020

FDR’s New Deal Worked. We Need Another One.

Claims that the programs adopted in the 1930s lengthened the Great Depression don’t hold up.
by Noah Smith via Bloomberg on May 15, 2020

Daniel Webster, Yankee National Conservative

What 'the forgotten man of American conservatism' has to say about current debates on the right.
by Joseph S. Laughon via The American Conservative on May 12, 2020
Federal Reserve building.
partner

The Fed Could Undo Decades of Damage to Cities. Here’s How.

The bond market has fueled vast inequities between cities and suburbs — especially in smaller locales.
by Destin Jenkins via Made By History on April 27, 2020

The Nation’s First Unemployment Check — $15 — and the Love Story that Led to It

During the Great Depression, the daughter of the first Jewish Supreme Court justice and the son of a prominent Christian theologian changed America.
by Michael S. Rosenwald via Retropolis on April 18, 2020
Nurses in masks carry a patient on a stretcher to an ambulance.

Fight the Pandemic, Save the Economy: Lessons from the 1918 Flu

We examine the 1918 flu to understand whether social distancing has economic costs or if slowing the spread of the pandemic reduced economic severity.
by Sergio Correia, Stephan Luck, Emil Verner via Liberty Street Economics on March 27, 2020
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