Economics

US Unemployment Rate Hits 50-Year Low: What Does the Number Reveal and Conceal?

US Unemployment Rate Hits 50-Year Low: What Does the Number Reveal and Conceal?

October 15, 2018

September’s unemployment rate dropped to a 50-year low, but what is behind this statistic, how does it affect ordinary citizens, and can Trump take credit for the drop? We discuss these questions with PERI’s Gerald Epstein

Rapid GDP Growth: Does Trump Deserve the Credit?

August 27, 2018

Trump and his supporters argue that the 2017 corporate tax rate cuts are spurring economic growth. Is there any truth to this? We discuss the real effects of the tax cuts with economics professor Gerald Epstein of PERI at UMass Amherst

Revolution and the Third World: Exploring the Radical Ideas of Anti-Imperialist Economist Samir Amin

August 20, 2018

Samir Amin revolutionized economics by centering the Global South. TRNN’s Ben Norton explores the radical legacy of the Egyptian-French anti-imperialist Marxist with scholar Ali Kadri

The Next Global Financial Crisis is Inevitable

July 22, 2018
It has been ten years since the last major financial crisis. With systemic deregulation undoing the safeguards, we are due for another crisis very one soon. Thomas Hanna, research director of the Democracy Collaborative’s Next System Project, says it is almost guaranteed

European Union Fines Google $5.1 Billion, While Trump ‘Protects Monopolists’

July 20, 2018

The EU’s Google fine should have been imposed a long time ago, but it comes better late than never. Meanwhile, the Trump administration continues to side with monopolies, leading to worse outcomes for US consumers, says former financial regulator Bill Black

Executive Coaching: Does It Increase Productivity and Growth?

July 14, 2018

Claims that coaches and consultants for corporate executives boost productivity and profits turn out to be completely false. White collar criminologist Bill Black takes apart the example of Nortel Networks

Official Unemployment is at 3.9%? Economist Robert Pollin Says It Is More Like 12%

Official Unemployment is at 3.9%? Economist Robert Pollin Says it is More Like 12%

May 14, 2018

Unemployment is low and standard economic theory says that when unemployment drops, wages should rise. However, the latest Department of Labor report shows that even though unemployment has reached historic lows at 3.9%, wages are not rising. Why? We explore the reasons with Prof. Robert Pollin

After the 2008 Financial Crisis a State of 'Productive Incoherence'

April 9, 2018
Some aspects of the global financial landscape have not changed since the 2008 financial crisis, while other aspects have changed in very important ways, leading to “a very messy kind of uneven process of change that has really been catalyzed by the global financial crisis,” says economics professor Ilene Grabel