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Ronald Reagan addressing the nation on tax reduction legislation from the Oval Office
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History Explains the Racial Wealth Gap

Ronald Reagan's economic policies exacerbated the racial wealth gap— and they've guided all his successors.
by Calvin Schermerhorn via Made By History on December 4, 2023
Tank on the street of Santiago, Chile.

How Pinochet's Chile Became a Laboratory for Neoliberalism

The Chicago Boys and the tragedy of the Chilean coup.
by Vincent Bevins via The Nation on November 14, 2023
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.
by Patrick Iber via The New Republic on November 13, 2023
Swale Land, painting by Edward Mitchell Bannister, 1898, depicting nature.

Vacant Unsettled Lands

American thinkers consider what the already occupied West could fund.
by Michael A. Blaakman via Lapham’s Quarterly on October 25, 2023
Quarter teetering on the edge of a plank of wood

The 1970s Economic Theory That Needs to Die

Turns out you can tame inflation without triggering a recession. Will the Federal Reserve accept the good news?
by Rogé Karma via The Atlantic on October 20, 2023
Franklin D. Roosevelt.

Voices from the Wilderness

The actual history of New Deal policies provides little evidence that it was a rollicking success.
by Kevin Schmiesing via Law & Liberty on October 10, 2023
President Clinton walks with Jiang Zemin past rows of Chinese soldiers.

It’s the Global Economy, Stupid

A new book on the Clinton presidency reveals how it abandoned a progressive vision for a finance-led agenda for economics and geopolitics.
by Lily Geismer via The American Prospect on October 6, 2023
Children in a Head Start classroom look out a window at others in the playground.
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America Already Knows How to Address Child Poverty

The history of Head Start shows that child poverty is a choice.
by Michelle Bezark via Made By History on October 5, 2023
Protesters and tenants facing displacement hold placards as they attend a rally against private equity-backed firm Greenbrook Partners in Brooklyn, New York on October 15, 2021.

Shared Terrain

The neoliberal order has been exposed as fraudulent, inefficient, and inequitable. Yet it hardly lies in the dustbin of history.
by Julia Ott via Dissent on September 19, 2023
Friedrich Hayek listens to the president of the Centro de Estudios Públicos in Chile, Jorge Cauas, speak in April 1981.

Neoliberal Economists Like Milton Friedman Cheered on Augusto Pinochet’s Dictatorship

Friedrich von Hayek and Milton Friedman helped devise Pinochet's economic agenda and endorsed the brutal repression that was needed to force it through.
by Jessica Whyte via Jacobin on September 11, 2023
The Vessel in New York City.

Stumbling Into Submission: How Real Estate And Finance Capital Conquered New York City

Hudson Yards received a $6 billion cocktail of public subsidies, including tax breaks and infrastructure improvements, to create a billionaires' playground.
by Katelin Penner via The Metropole on September 6, 2023

The Life of the Party

In his latest book, Michael Kazin argues that the Democrats have long sought to build a “moral capitalism.” Have they ever succeeded?
by Osita Nwanevu via New York Review of Books on August 29, 2023
Axe chopping down columns

The Rise and Fall of Neoliberalism

The free market used to be touted as the cure for all our problems; now it’s taken to be the cause of them.
by Louis Menand via The New Yorker on July 17, 2023
Ronald Reagan and Mikhail Gorbachev signing the Intermediate Nuclear Forces Reduction Treaty in Washington, D.C., in December 1987.

The Myth of Reagan’s Cold War Toughness Haunts American Foreign Policy

Hawks may claim that uncompromising defense policies won the Cold War. But his pursuit of peace was more important.
by Sean T. Byrnes via The New Republic on July 6, 2023
Protesters holding a sign that reads "Student debt cancelation is legal"
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History Says Student Loan Debt Relief Isn’t Un-American

Americans have long demanded — and regularly received — debt relief from legislatures.
by Emily Zackin, Chloe Thurston via Made By History on June 30, 2023
Painting of Washington and the Continental Army in winter.

Congressional Conflict of Interest

A foundational flaw of the United States.
by Larry Deblinger via Arc Digital on June 22, 2023
United States Capitol

America Is Headed Toward Collapse

How has America slid into its current age of discord? Why has our trust in institutions collapsed, and why have our democratic norms unraveled?
by Peter Turchin via The Atlantic on June 2, 2023
Senators Cory Booker and Chuck Grassley conversing.

How Washington Bargained Away Rural America

Every five years, the farm bill brings together Democrats and Republicans. The result is the continued corporatization of agriculture.
by Luke Goldstein via The American Prospect on May 24, 2023
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.
by Simon Torracinta via Boston Review on May 19, 2023
Bill Clinton in the background, another man in the foreground.

What the 1990s Did to America

The Law and Economics movement was one front in the decades-long advance of a revived free-market ideology that became the new American consensus.
by Henry M. J. Tonks via Public Books on May 17, 2023
The Federal Reserve building under ominous black clouds.

The Federal Reserve Exists to Protect The Economic Status Quo

What is the Federal Reserve, and who put it in charge? Is there no other way to fight inflation? Just what the hell is going on here?
by Rob Larson via Current Affairs on May 15, 2023
Milton Friedman (L) and James Tobin (R)

The Forgotten Case Against Milton Friedman

In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation.
by Seth Ackerman, Thomas Palley via Jacobin on May 13, 2023
Migrants in line for U.S. Customs and Border Protection, barbed wire in the foreground.
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Biden’s Border Policies Target Haitians. That’s No Accident.

The long history undergirding our harsh bipartisan migration policies.
by Leslie M. Alexander via Made By History on May 11, 2023
Political cartoon of the Lincoln Administration, reading "Running the 'Machine'", 1864.

Blues, Grays & Greenbacks

How Lincoln's administration financed the Civil War and transformed the nation's decentralized economy into the global juggernaut of the postwar centuries.
by Nicholas Guyatt via New York Review of Books on May 4, 2023
The cover of the United Nations FAO-Unesco Soil Map of the World, 1974.

The Earth for Man

Redistributing land was once central to global development efforts—and it should be today.
by Jo Guldi via Boston Review on May 3, 2023
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.
by Monica Prasad via Made By History on April 26, 2023
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.
by Kate Aronoff via The New Republic on April 18, 2023
Luigi Einauldi, present of Italy in 1948, seated at his desk

The Dawn of Austerity

An interview with the author of "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism."
by Nick Serpe, Clara Mattei via Dissent on February 17, 2023
President Bill Clinton speaks about the North American Free Trade Agreement at a town hall meeting in 1993.

The Logic of Capitalist Accumulation Explains Neoliberalism

Gary Gerstle’s new book tackles important questions of the last century about democracy, economy, and war. But it fails to answer a basic question.
by Colin Gordon via Catalyst on February 6, 2023
Graph of tax rates on top marginal earned income vs. long term capital gains, 1918-2020.

Why Is Wealth White?

In the 20th century, a moral economy of “whites-only” wealth animated federal policies and programs that created the propertied white middle class.
by Julia Ott via Southern Cultures on January 30, 2023
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