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Tony Blair and Bill Clinton giving a talk together at Queen's Univesity Belfast.

The Age of Class Dealignment

Over the course of decades, social democracy abandoned workers. Then workers abandoned social democracy.
A view of Wall Street and Federal Hall in the Financial District in New York City.

In the 1970s, the Left Put a Good Crisis to Waste

In "Counterrevolution," Melinda Cooper reads the 1970s economic crisis as an elite revolt rather than proof of the New Deal order’s unsustainability.
Chart of wholesale prices in the UK, showing inflation peaking in 1920.

Dollar Dominance and Modern Monetary Macro in the 1920s

How the U.S. created a new kind of managed and political monetary system in the wake of World War I.
Steve Lawrence and Eydie Gormé.

Slouching Towards Tax Day

How did taxes become something we "do"?
Economist Milton Friedman poses next to a bust sculpture of himself

The Century of Milton Friedman

An interview with Jennifer Burns on her authoritative new biography of the American economist and the personal and intellectual origins of his theories.
Book cover; painting of Founding Fathers sitting around a table

The Continental Dollar: How the American Revolution Was Financed with Paper Money

Economists and historians have been telling us the wrong story about Continental currency for two centuries.
Collage illustration of a civil rights protest, inflated gas prices, and a Richard Nixon campaign poster.

Why America Abandoned the Greatest Economy in History

Was the country’s turn toward free-market fundamentalism driven by race, class, or something else? Yes.
Political cartoon depicting busts of Ronald Reagan, Milton Friedman, and Alan Greenspan on a mantle with spider webs.

The End of Milton Friedman’s Reign

The Chicago school ruled supreme over economics—until recently.
United Auto Workers President Shawn Fain shaking hands with union members.

Can the UAW Transform America Again?

By thinking big, Shawn Fain is summoning memories of Walter Reuther and the autoworkers’ union’s finest hour.
Black and white photo of the dressmaker union on strike

Strike Waves Across the US Seem Big, but the Number of People on Strike Remains Historically Low

Many of the reasons for strikes now mirror the motives that workers had for walking off the job in decades past.
American flag sign that reads "NWRO," "I support a guaranteed adequate income for all Americans"

Escape from the Market

Far from spelling the end of anti-market politics, basic income proposals are one place where it can and has flourished.
Agosto Pinochet and Milton Friedman edited to appear as two sides of the same coin.

When Milton Friedman Met Pinochet

Chicago economists had free rein in Chile. The country is still recovering.
From left to right portraits of Ronald Reagan, George W. Bush and Donald Trump.
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The 40-Year Path that Left the GOP Unable to Balance the Budget

First, the GOP became the party of tax cuts and now it won't touch entitlements — which makes a balanced budget nearly impossible.
Jimmy Carter at a podium against the backdrop of an American flag.

Is Jimmy Carter Where Environmentalism Went Wrong?

Carter’s austerity was part of a bigger project. It didn’t really have much to do with environmentalism.
Women looting a bakery during the Richmond Bread Riot.

What Happened at the Richmond Bread Riot?

The Richmond Bread Riot broke out during the Civil War when working-class women in the South became fed up with food shortages.
The North American Trust Company building in Havana, Cuba.

The Imperial Fed

Colonial currencies and the pan-American origins of the dollar system.
Photo of Abraham Lincoln in front of images of infrastructure and currency.

How the U.S. Paid for the Civil War

Lincoln's wartime governance had dire, and longstanding, economic consequences.
Picture of the apartment buildings within Co-op City sit along the banks of the Hutchinson River in the Bronx.
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Could Cooperative Housing Solve Today’s Affordability Crisis?

Housing costs are skyrocketing. History offers a path forward.
Joe Biden signing a document
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Biden’s Inflation Reduction Act Exposes Our Allergy to Taxes

The rise of a new tax politics has made it harder to address our problems, and now it threatens democracy, too.
Photograph of a woman pushing a shopping cart down a supermarket aisle.

The Secret Anti-Socialist History of Supermarkets

The emergence of the supermarket was used as a key piece of anti-communist propaganda early in the twentieth century against the alternative of grocery co-ops.
Robert F. Kennedy on the presidential campaign trail in 1968.

Beyond GDP: Changing How We Measure Progress is Key to Tackling a World in Crisis

Amid the global threats posed by climate change, energy costs, unemployment and inequality, the need to rethink progress is now an urgent priority.
Store window selling shirts and ties mentioning the "Nixon Squeeze"

The Burglaries Were Never the Story

The historical insights of one era have been lost to the journalistic instincts of another.
A woman wearing a winter coat and a mask walks outside the headquarters of the International Monetary Fund, Washington, D.C., January 2022.

How the System Was Rigged

The global economic order and the myth of sovereignty.
A cave in Kansas formerly used to store government cheese.

Why Did the U.S. Government Amass More Than a Billion Pounds of Cheese?

The long, strange saga of government cheese.
Reflection on glass of a bitcoin symbol and a downward trending stock market graph.
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Digital Currencies Are Repeating the Problems of 19th-Century Paper Money

History’s lessons for the volatile digital currency markets.
Farmers harvest wheat near the village of Tbilisskaya, Russia, July 21, 2021. That nation’s farmers produce nearly a fifth of world wheat exports.

How High Energy Prices Emboldened Putin

Rupert Russell’s new book shows how the financialization of commodity prices worsens volatility and destabilizes geopolitics. It couldn’t be more timely.
"What difference would another world make?", Sam Pulitzer, 2021.

New Left Review

Who did neoliberalism?
Artistic painting showing President Truman (depicted with glasses) in the foreground, and a sketch of President Biden in the background. The two figures are surrounded by America's colors and stars from the American flag.

What Joe Biden Can Learn From Harry Truman

His approval rating hit historic lows, his party was fractious, crises were everywhere. But Truman rescued his presidency, and his legacy.
Artistic depiction meant to represent the global supply chain. At center is planet Earth, which has a hole in the middle. Earth is surrounded by 3 intersecting rings of various colors. The rings depict freight transport (transporting goods by rail, sea, and truck).

How We Broke the Supply Chain

Rampant outsourcing, financialization, monopolization, deregulation, and just-in-time logistics are the culprits.
Shoppers and security guards in a mall.
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The Retail Theft ‘Crisis’ Isn’t What You Think It Is

The recent panic over retail theft reveals tensions at the heart of American consumerism.

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