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President Jimmy Carter seated at desk in Oval Office, hands steepled.

Jimmy Carter Held the Door Open for Neoliberalism

His unwillingness to take a radical stance forced him to respond to events by imposing austerity and doing little to strengthen labor.
by Sean T. Byrnes via Jacobin on December 29, 2024
George HW Bush, Ronald Reagan, Jimmy Carter, Gerald Ford, and Richard Nixon at the Reagan Library opening.
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Jimmy Carter Was a Successful (Conservative) President

Common conceptions of Carter are all wrong because they don’t acknowledge a crucial reality: he was a conservative.
by Paul Matzko via Made By History on December 29, 2024
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Nuggets of Condescension

By universalizing their own economic history, Western observers have used the past to portray African economic culture as backward and inadequate.
by Bronwen Everill via HNN on December 17, 2024

"It's the Economy, Stupid" is Never Just About the Economy

Can the Clinton campaign slogan chart a path forward for Democrats? Its history tells another story.
by Jacob Rosenberg via Mother Jones on December 12, 2024
Kamala Harris

The Democrats’ “Opportunity” Pitch Is a Dead End

The meritocratic pitch was emblematic of Democrats’ long march away from working-class voters.
by Lily Geismer via Jacobin on December 11, 2024
Donald Trump at a podium

The New Trumpian Bargain

Trump's second term echoes 19th-century policies: tariffs and immigration limits protect workers, while deregulation risks widening inequality.
by Sohrab Ahmari via New Statesman on November 12, 2024
Neon signage for Trump Taj Mahal Casino Resort.
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The 2024 Election and America's Love Affair With Lotteries

Americans love games of chance, but history shows they're a poor substitute for a robust investment in public goods.
by Carly Goodman via Made By History on November 12, 2024
Trump holding a table of tariff rates.
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Tariffs Don’t Have to Make Economic Sense to Appeal to Trump Voters

Economists and Democrats dismiss Trump’s tariffs talk at their peril.
by Bruce J. Schulman via Made By History on October 24, 2024
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.
by Scott Aquanno, Stephen Maher via Jacobin on October 24, 2024
Shipping container labeled "China Shipping," overlaid on political cartoon showing a tariff slowing supply of medicine to a drip.

Trump Loves The 1890s But He’s Clueless About Them

The tariffs he keeps babbling about didn’t make that decade great. They helped usher in a depression.
by Eric Rauchway via The Bulwark on October 23, 2024
Donald Trump

Donald Trump Would Be Weaker the Second Time Around

Donald Trump wants the ideology of William McKinley and Gilded Age Republicanism, but with a totally different social base. It won’t work.
by Paul Heidman via Jacobin on October 23, 2024
John Sherman
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The Other Sherman’s March

How the younger brother of the famous general set out to destroy the scourge of monopoly power.
by Richard R. John via HNN on October 22, 2024
Photo of United States bill, saying "In God We Trust."

The Deep Religious Roots of American Economics

Any attempt to understand the complexities of American economic thought without considering the significant role of religious beliefs is incomplete.
by Benjamin M. Friedman via The MIT Press Reader on September 5, 2024
Iranian leaders.

Who Benefits From Sanctions?

According to authors of a new book on how Iran has coped with economic sanctions imposed by the U.S., no one does.
by Zep Kalb via Phenomenal World on August 15, 2024
Eisenhower.
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The GOP's 72-Year-Old Inflation Playbook

Since the 1950s, the GOP has simplified the causes of inflation in order to blame Democrats.
by Johnny Fulfer via Made By History on August 14, 2024
Factory cloth samples.

Chinese Production, American Consumption

The convergence of economy and politics in the Sino-US relationship via Jonathan Chatwin’s “The Southern Tour” and Elizabeth O’Brien Ingleson’s “Made in China.”
by Kate Merkel-Hess via Los Angeles Review of Books on July 28, 2024
The White House surrounded by outlines of Iran, Russia, North Korea, Cuba, Venezuela, China, Syria, and Afghanistan.

How Four U.S. Presidents Unleashed Economic Warfare Across the Globe

U.S. sanctions have surged over the last two decades and are now in effect on almost one-third of all nations. But are they doing more harm than we realize?
by Jeff Stein, Federica Cocco via Washington Post on July 25, 2024
Wilt Chamberlain with young people holding Nixon signs.

How the World’s Biggest Basketball Star Helped Richard Nixon Woo Black Voters

It was a bold plan to win over Black voters skeptical of the Democratic Party. But it turned out to be an illusion.
by Shaun Assael via Politico Magazine on July 7, 2024
Percentage sign written in clouds.

The Federal Reserve’s Little Secret

No one really knows how interest rates work—not the experts who study them, the investors who track them, or the officials who set them.
by Rogé Karma via The Atlantic on June 27, 2024
Hand throwing crumpled dollar bills into pile

Extravagances of Neoliberalism

On how the fringe ideas of a set of American neoliberals became a new and pervasive way of life.
by Melinda Cooper, Benjamin Kunkel via The Baffler on May 13, 2024
A advertisement for the BankAmericard depicting it as a card for the American family.

How Did America Become the Nation of Credit Cards?

Americans have always borrowed, but how exactly did their lives become so entangled with the power of plastic cards?
by Sean H. Vannatta via Aeon on April 22, 2024
Starbucks workers on strike.

The Paradox of the American Labor Movement

It’s a great time to be in a union—but a terrible time to try to start a new one.
by Michael Podhorzer via The Atlantic on April 18, 2024
Franklin D. Roosevelt’s 1933 presidential inauguration.

The First New Deal

Planning, market coordination, and the National Industrial Recovery Act of 1933.
by Sanjukta Paul via Phenomenal World on March 28, 2024
Law and Political Economy Project

Recovering the Left-Wing Free Trade Tradition

Free trade has been defended primarily by neoliberals who cared little about social justice or democracy. An examination of its history paints a different picture.
by Marc-William Palen via LPE Project on March 21, 2024
Benjamin Franklin on the 100 dollar bill with a crash test helmet edited onto his head.

The Crash Next Time

Can histories of economic crisis provide us with useful lessons?
by Trevor Jackson via New York Review of Books on March 14, 2024
A painting of a farmer holding a hoe behind his back in an open field.

Eyes on the Farm Bill!

Congress’s periodic battles over the Farm Bill often pass unnoticed, but the document effectively determines what, how, and how much we eat.
by Christopher Bosso via New York Review of Books on March 10, 2024
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.
by Jennifer Burns, Daniel Steinmetz-Jenkins via The Nation on February 5, 2024
Donald Trump in Alabama.
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To Understand Trump's Appeal, Look to Alabama History

The transformation of Alabama politics in the 1960s and 1970s reflected the rise of a new version of Republicanism that Trump has perfected.
by Ashley Steenson via Made By History on January 25, 2024
Milton Friedman.

Milton Friedman, the Prizefighter

The economist’s lifelong pugilism wasn’t in spite of his success—it may have been the key to it.
by Krithika Varagur via The New Yorker on January 12, 2024
Collage depicting shipping containers, a scale weighing American dollars, and a screen of numbers and percentages

Free Trade's Origin Myth

American elites accepted the economic theory of "comparative advantage" mainly because it justified their geopolitical agenda.
by Oren Cass via Law & Liberty on January 2, 2024
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