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Several stores in a 20th century shopping mall

Paul Samuelson Brought Mathematical Economics to the Masses

Paul Samuelson’s mathematical brilliance changed economics, but it was his popular touch that made him a household name.
by Roger Backhouse via Aeon on February 10, 2020
High risk, high return investments in whaling ships, such as the New Bedford, Massachusetts, provided a model for modern venture capital. Courtesy New Bedford Whaling Museum.

Venture Capital Builds The Modern World

The American method of high-risk, potentially high-reward investments has fueled innovation from New England whaling ventures to Silicon Valley start-ups.
by Tom Nicholas via American Heritage on January 1, 2020

The Contagious Revolution

For a long time, European historians paid little attention to the extraordinary series of events that now goes by the name of the Haitian Revolution.
by David A. Bell via New York Review of Books on December 19, 2019
Cartoon of people at a crossroad, with one direction pointing to "prosperity" and the other to "depression"

Selling Keynesianism

Today, we can learn a lot from the popularizing efforts that led to that consensus that Keynesianism leads to and long-lasting economic success.
by Robert Manduca via Boston Review on December 6, 2019
Entrance to CitiBank branch.

Nationalization Is as American as Apple Pie

Nationalization may seem like an alien idea in the hyper-capitalist United States. But the country has a long history of nationalizing all sorts of industries.
by Thomas M. Hanna via Jacobin on November 11, 2019
Alan Greenspan holding his right hand up to speak under oath, with an eagle seal on the wall behind him.

When Alan Met Ayn: "Atlas Shrugged" and Our Tanked Economy

We owe at least part of the 2008 financial crisis to Ayn Rand's philosophy of objectivism.
by Maria Bustillos via Popula on October 11, 2019

The Rich Can't Get Richer Forever, Can They?

Inequality comes in waves. The question is when this one will break.
by Liaquat Ahamed via The New Yorker on August 26, 2019
Cotton field.

How The 1619 Project Rehabilitates the ‘King Cotton’ Thesis

The New York Times’ series on slavery relies on bad scholarship to make an argument with an inauspicious history.
by Phillip W. Magness via National Review on August 26, 2019
Bank of England.

The Invention of Money

In three centuries, the heresies of two bankers became the basis of our modern economy.
by John Lanchester via The New Yorker on July 29, 2019

Against the Great Man Theory of Historians

Without accounting for the often-invisible work of others in his research, Robert Caro's new memoir is not so much inspiration as an exercise in self-celebration.
by Kim Phillips-Fein via Jacobin on June 12, 2019

The American Revolution’s Starving, Barefoot, Heroic Troops

Our young nation was very poor, the war was very expensive, and Congress and the states wanted everyone else to pay.
by Jay Cost via National Review on May 27, 2019

The Price of Meat

America’s obsession with beef was born of conquest and exploitation.
by Samuel Moyn via The New Republic on May 7, 2019
Photo over Obama's shoulder facing Larry Summers and Timothy Geitner on the other side of a conference table.

Obama's Original Sin

A new insider account reveals how the Obama administration’s botched bailout deal reinforced neoliberal Clintonism.
by Eric Rauchway via Boston Review on April 23, 2019

How the Chicago School Changed the Meaning of Adam Smith’s ‘Invisible Hand’

Smith wasn’t warning about government intervention in the market; he was warning about government capture.
by Glory M. Liu via Washington Post on April 22, 2019
President Kennedy hands Senator Estes Kefauver the pen he used to sign a bill.

The Greatest Show of Them All

How a New Deal senator’s anti-monopoly investigations changed American business.
by Jill Priluck via Lapham’s Quarterly on April 8, 2019

Banking on the Cold War

The Cold War says more about how U.S. elites imagined their “freedom” than it does about enabling other people to be free.
by Nikhil Pal Singh via Boston Review on March 14, 2019

Wayward Leviathans

How America's corporations lost their public purpose.
by David Ciepley via The Hedgehog Review on March 1, 2019

Other People’s Blood

On Paul Volcker.
by Tim Barker via n+1 on February 26, 2019
Border patrol guarding a group of men sitting on the ground.
partner

A Wall Can’t Solve America’s Addiction to Undocumented Immigration

For more than 70 years, undocumented immigrants have shaped the American economy.
by Julia G. Young via Made By History on January 9, 2019

Atlas Weeps

Alan Greenspan and Adrian Wooldridge’s strange elegy for capitalism.
by Kim Phillips-Fein via The Nation on December 12, 2018

Unchecked Power

How monopolies have flourished—and undermined democracy.
by Ganesh Sitaraman via The New Republic on November 29, 2018

When Economists Took Socialism Seriously

If there’s one thing worth taking away from the new White House report on socialism, it’s that economics is a political argument.
by Tim Barker via Dissent on October 25, 2018

“A Place to Die”: Law and Political Economy in the 1970s

What the substandard conditions at a Pittsburgh nursing home revealed about the choices made by lawmakers and judges.
by Karen Tani via LPE Project on October 18, 2018
Railway strike of 1886.

Why Strikes Matter

On the history (and future) of class struggle in America.
by Erik Loomis via Literary Hub on October 3, 2018

Ten Years After the Crash, We’ve Learned Nothing

The great financial catastrophe of our times is still badly misunderstood, despite its grotesque consequences.
by Matt Taibbi via Rolling Stone on September 13, 2018

The Gospel of Wealth

How did the “moral economy”—a concept that once encompassed a radical critique of capitalism—become the province of billionaires?
by Tehila Sasson via Dissent on August 22, 2018

Happy, Healthy Economy

Growth is only worth something if it makes people feel good.
by Livia Gershon via Longreads on August 6, 2018

Ten Years After the Crash, We Are Still Living in the World It Brutally Remade

A seismic reading of the financial earthquake and its aftershocks, including those that still jolt us today.
by Christopher Caldwell, Malcolm Harris, Frank Rich, Timothy Shenk, Hanna Rosin, Rachael Combe, Sarah Leonard, Lauren Levy, Heather Havrilesky, Allison P. Davis via Intelligencer on August 5, 2018

Between Obama and Coates

Because both thinkers neglect political economy, they end up promoting a politics that is responsible for the nation's growing inequality.
by Touré F. Reed via Catalyst on March 12, 2018

In the Shadows of Slavery’s Capitalism

"Masterless Men" shows how the antebellum political economy made poor southern whites into a volatile, and potentially disruptive, class.
by Calvin Schermerhorn via Black Perspectives on March 5, 2018
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