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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.
Donald Trump speaking at a meeting with small businesspeople at the White House on January 30, 2017.

Family Capitalism and the Small Business Insurrection

The increasingly militant right supports the private, unincorporated, and family-based versus the corporate, publicly traded, and shareholder-owned.
Pile of US paper currency.

Austerity Policies In The United States Caused ‘Stagflation’ In The 1970s

U.S. government policies must continue to support physical and social infrastructure spending amid the continuing pandemic to avoid ‘stagflation’.
Formal portrait photo of Destin Jenkins.

Public Thinker: Destin Jenkins on Breaking Bonds

“What if we identified the politics of municipal debt as circumscribing political horizons and futures?”
Sign reading "One World" with a picture of Earth.

Climate Change Governance: Past, Present, and (Hopefully) Future

The 2015 Paris Agreement represented a shift in the climate regime towards "new governance," expanding the roles of nation-states and non-state actors alike.
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What’s Missing in the Debate About Inflation

What we think we know about stifling inflation could be wrong.
The U.S. national debt clock.

Clearing the Air on the Debt Limit

This report clarifies five issues commonly raised in debt limit debates and explores some open questions.
Picture of Joe Manchin

Joe Manchin’s Deep Corporate Ties

An underexamined aspect of Manchin’s pro-business positions in the Senate is his early membership in the American Legislative Exchange Council.

Neoliberalism Died of COVID. Long Live Neoliberalism!

How the predominant ideology of our time survived the pandemic.
Alan Krueger speaks during a press briefing at the White House.

Tragedy Kept Alan Krueger From Claiming a Nobel Prize, but He’s Not Forgotten

The economist, along with David Card, was instrumental in changing America’s mind about the minimum wage.
President Madison ending the Embargo Act cartoon

James Madison and the Debilitating American Tendency to Make Everything About the Constitution

The U.S. Constitution was the reason for Madison and Hamilton's breakup.
Ronald Reagan pointing at a graph explaining his proposed tax policy.

Ronald Reagan and the Myth of the Self-Made Entrepreneur

Why a policy agenda adopted in the name of entrepreneurs hurt entrepreneurs more than it helped them.
A cowboy on a horse surrounded by grazing cows on open grassland.

A Short Political-Economic History of Property Rights in the American West

How the Tragedy of the Commons theory played out in reality.
Depiction of an agricultural fair with crowds of people gathered around exhibit halls.

Slavery, Technology and the Social Origins of the US Agricultural State

Ariel Ron discusses the rise of the agricultural state in his book, Grassroots Leviathan: Agricultural Reform and the Rural North in the Slaveholding Republic.
OPA rent control promotional poster

Wartime Wisdom to Combat Inflation

FDR managed inflation during World War II through government policy. Today’s calamities call for a similar approach.
Political cartoon of the U.S Capitol

The Liberals Who Weakened Trust in Government

How public interest groups inadvertently aided the right’s ascendency.
Chemical plant worker

Where Would We Be Without the New Deal?

A new history charts the forgotten ways the social politics of the Roosevelt years transformed the United States.
Cribs in maternity ward
partner

Worried About a Population Bust? History Shows We Shouldn’t Be.

Letting panic about fertility rates drive policy is dangerous.
Picture of Richard Nixon from National Archive.

The Day That Richard Nixon Changed U.S. Economic Policy Forever

Fifty years ago, in response to rising inflation, he rejected several long-standing practices. His Keynesian turn holds lessons for today’s economy.
Cover page of the August 1957 issue of Nation's Business, featuring a clamp tightening in on dollar signs.

Preferred Shares

Treasury Secretary Janet Yellen said America faces an economic crisis fifty years in the making. But how can we name the long crisis, much less explain it?
Photo of economist Albert Hisrchman surrounded by abstract drawings

We Don't Know, But Let's Try It

For economist Albert Hirschman, social planning meant creative experimentation rather than theoretical certainty.
Collage-style design of Milton Friedman and his work

The End of Friedmanomics

The famed economist’s theories were embraced by Beltway power brokers in both parties. Finally, a Democratic president is turning the page on a legacy of ruin.
Book cover of "When Good Government Meant Big Government," with text and red and blue stripes in the style of campaign signs.

When Good Government Meant Big Government

An interview with Jesse Tarbert about the history of the American state, “big government,” and the legacy of government reform efforts.
Auto workers on strike outside a General Motors plant in Detroit, September 1970.

When Americans Took to the Streets Over Inflation

In the 60s and 70s, spiraling prices for staples like meat and gasoline wreaked havoc on the U.S. economy, thanks to political and policy mistakes.
Mitch McConnell
partner

The Fissure Between Republicans and Business is Less Surprising Than it Seems

Business groups have always worked with both parties to support globalization and free trade.
Packages of beef cuts
partner

What Scaremongering About Inflation Gets Wrong

Inflation isn't inexorably a bad thing. In fact, it used to be considered good.
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.

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.
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.
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.

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