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Neoliberalism Died of COVID. Long Live Neoliberalism!

How the predominant ideology of our time survived the pandemic.

The Hidden Stakes of the Infrastructure Wars

The fight over the American Jobs Plan reflects a long history of competing visions of public works—and, most of all, who should benefit from rebuilding.
Ariel view of Hlll District over the years

A Black Vision for Development, in the Birthplace of Urban Renewal

Pittsburgh’s Lower Hill District was razed by the federal government 65 years ago. Now developers are testing the question of how to correct for a racist past.
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.
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.
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.
Joe Biden.
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The History of Using Computers to Distribute Benefits Like Biden’s Relief Checks

Technology can break down, but just as often with government tech, glitches are rooted in policy failures.

From Keynes to the Keynesians

Socialised investment and the spectre of full employment.

FDR’s New Deal Worked. We Need Another One.

Claims that the programs adopted in the 1930s lengthened the Great Depression don’t hold up.
original

Infrastructure is Good for Business

During the Depression, business leaders knew that public works funding was key to economic growth. Why have we forgotten that lesson?
Crowd marching on Wall Street.

Nationalize the Banks

Grassroots support for public banks early in the 20th century revealed the popularity of socialism-aligned economic ideas.
1916 advertisement for De Angelis Brand Superior Quality Macaroni Products.

When Socialists Put an End to Pasta Inflation

The history of food inflation during World War I, and the riots that halted it, show how capitalists take advantage of consumer expectations to price gouge.
Turbulent drawing evoking mass strikes, urban decay, gas shortages, police in riot gear, chainsaw massacre, and disco.

We’re Haunted by the Economy of the 1970s

Politicians across the political spectrum warn of a return to the decade of stagflation, urban decay, and labor mutiny; but their solution misses the mark.
Ronald Reagan pointing at a graph explaining his tax policy.
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Inflation Opened the Door to American Neoliberalism

An excerpt from "The Hidden History of Neoliberalism."
Rural Electrification Administration (REA) erects telephone lines in rural areas.

The Legacy of the Rural Electrification Act and the Promise of Rural Broadband

The history of rural electrification demonstrates why vital public utilities cannot be left to the machinations of the market.
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.
Packages of beef cuts
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What Scaremongering About Inflation Gets Wrong

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

The Feminist History of “Child Allowances”

The Biden administration’s proposed “child allowances” draw on the feminist thought of Crystal Eastman, who advocated “motherhood endowments” 100 years ago.
A graphic that reads "taxpayer dollars."

"Taxpayer Dollars:" The Origins of Austerity’s Racist Catchphrase

How the myth of the overburdened white taxpayer was made.
Joe Biden and Bernie Sanders
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Postal Banking is Making a Comeback. Here’s How to Ensure it Becomes a Reality.

Grass-roots pressure will be key to turning the idea into reality.

The Idea of a Nation

The idea of a modern nation is both confusing and conflicting. And as the world confronts the current global health crisis, its weaknesses become more apparent.
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.
Hahnemann University Hospital in Philadelphia
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How the Rise of Urban Nonprofits Has Exacerbated Poverty

While "meds and eds" have powered urban economies, they haven't been the gateway out of poverty that many hoped.

An Enemy Until You Need a Friend

The role of "big government" in American history.
Sign saying "WHIP INFLATION NOW" with image of Uncle Sam whipping a personification of inflation

The Rise of Inflation

Understanding how inflation came to be a mainstay in modern economics.

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