Stop Begging Corporations to Behave

Fifty years after Milton Friedman blessed corporate greed, liberals are still trying to rebut his arguments. They’re fighting the wrong battle.

#corporate-social-responsibility, #economics-theory-and-philosophy, #friedman-milton

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A Free Market Manifesto That Changed the World, Reconsidered

Milton Friedman’s libertarian economics influenced presidents and inspired “greed is good.” So what did Friedman get right — and wrong? Today’s business leaders and economists weigh in.

#capitalism-theory-and-philosophy, #conservatism-us-politics, #corporate-social-responsibility, #economics-theory-and-philosophy, #friedman-milton, #united-states-economy, #united-states-politics-and-government

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How Liberals Opened the Door to Libertarian Economics

Milton Friedman’s free-market ideas found favor in a free-love era and helped redirect the country toward the right. The aftershocks of his radical arguments are still being felt today.

#antitrust-laws-and-competition-issues, #business-roundtable, #economics-theory-and-philosophy, #friedman-milton, #income-inequality, #libertarianism-us-politics, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government

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Unemployment Benefits Are at Heart of a Debate Over Hiring

A $600-a-week supplement that expired in July has been credited with bolstering the economy. Its impact on hiring is central to a political fight.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economics-theory-and-philosophy, #hiring-and-promotion, #labor-and-jobs, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Stiffing Workers on Wages Grows Worse With Recession

New research shows that minimum-wage violations spike as low-paid workers become more vulnerable and less inclined to complain.

#economics-theory-and-philosophy, #labor-and-jobs, #minimum-wage, #recession-and-depression, #regulation-and-deregulation-of-industry, #wages-and-salaries, #washington-center-for-equitable-growth, #workplace-hazards-and-violations

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GDP Q2 Report: Why You’ll See Two Figures for Decline

Official data for second-quarter economic output arrives Thursday, and while it will be unquestionably bad, there are different ways of looking at it.

#commerce-department, #coronavirus-2019-ncov, #economics-theory-and-philosophy, #gross-domestic-product, #new-york-times, #shutdowns-institutional, #statistics, #united-states-economy

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How to Fix America: Spend. Spend. Spend.

For 40 years, both the left and the right have been unnecessarily obsessed with deficits, to the detriment of the well-being of citizens.

#carter-zachary-d-journalist, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #economics-theory-and-philosophy, #federal-budget-us, #kelton-stephanie, #recession-and-depression, #stimulus-economic, #the-deficit-myth-book, #the-price-of-peace-money-democracy-and-the-life-of-john-maynard-keynes-book, #united-states-economy, #united-states-politics-and-government

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How to Save a Half-Open Economy

It may take months or even years to recover its vigor. Here’s how economists say the government could help.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #economics-theory-and-philosophy, #federal-aid-us, #labor-and-jobs, #law-and-legislation, #recession-and-depression, #shutdowns-institutional, #unemployment, #unemployment-insurance, #united-states-economy

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What Coronavirus Researchers Can Learn From Economists

Randomized controlled trials remain the gold standard, but natural experiments can help doctors who need answers now.

#coronavirus-2019-ncov, #dexamethasone-drug, #doctors, #economics-theory-and-philosophy, #research

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Economics, Dominated by White Men, Is Roiled by Black Lives Matter

The editor of a top academic journal is facing calls to resign after criticizing protesters as “flat earthers” for wanting to defund the police.

#academic-and-scientific-journals, #american-economic-assn, #black-lives-matter-movement, #black-people, #colleges-and-universities, #cook-lisa, #discrimination, #economics-theory-and-philosophy, #george-floyd-protests-2020, #journal-of-political-economy, #kudlow-lawrence-a, #labor-and-jobs, #race-and-ethnicity, #sadie-collective, #spriggs-william, #uhlig-harald

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John Maynard Keynes Died in 1946. An Outstanding New Biography Shows Him Relevant Still.

In “The Price of Peace,” Zachary D. Carter situates the development of Keynes’s economic thought in relation to his social milieu.

#books-and-literature, #carter-zachary-d-journalist, #economics-theory-and-philosophy, #keynes-john-maynard, #the-price-of-peace-money-democracy-and-the-life-of-john-maynard-keynes-book

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Congress: Enact a Federal Job Guarantee

Congress should enact a federal jobs guarantee.

#black-people, #booker-cory-a, #coronavirus-2019-ncov, #democratic-party, #discrimination, #economics-theory-and-philosophy, #employee-fringe-benefits, #gillibrand-kirsten-e, #hiring-and-promotion, #hispanic-americans, #house-of-representatives, #humphrey-hubert-h-jr, #income-inequality, #king-martin-luther-jr, #labor-and-jobs, #native-americans, #protective-clothing-and-gear, #race-and-ethnicity, #recession-and-depression, #roosevelt-franklin-delano, #sanders-bernard, #shortages, #unemployment, #united-states-economy, #wages-and-salaries, #works-progress-administration

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A Big, Once-Reliable Source of Investor Cash Is Drying Up

The losses aren’t coming just from the drop in stock prices. The effect of the dividend cuts sweeping through the market will hurt, too.

#banking-and-financial-institutions, #buffett-warren-e, #coronavirus-2019-ncov, #corporations, #economics-theory-and-philosophy, #mutual-funds, #private-equity, #quarantines, #recession-and-depression, #siegel-jeremy-j, #standardpoors-500-stock-index, #stock-buybacks, #stocks-and-bonds, #thaler-richard-h, #yardeni-edward

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Until We Have More Coronavirus Testing Capacity, We Should Test Randomly

Random sampling is the quickest, most feasible and most effective means of assessing the U.S. population.

#coronavirus-2019-ncov, #economics-theory-and-philosophy, #tests-medical, #united-states

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How Many Coronavirus Infections? Rewards for Testing May Provide an Answer

Economists say rewards could overcome hurdles in gauging the overall infection and mortality rates from a limited population sample.

#coronavirus-2019-ncov, #deaths-fatalities, #economics-theory-and-philosophy, #epidemics, #infections, #quarantines, #research, #tests-medical

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Shutdown Spotlights Economic Cost of Saving Lives

President Trump and others have asked if halting normal life and commerce to fight the coronavirus is worth the cost. Here’s how economists figure it.

#coronavirus-2019-ncov, #deaths-fatalities, #economics-theory-and-philosophy, #prices-fares-fees-and-rates, #quarantines, #shutdowns-institutional, #united-states-economy, #united-states-politics-and-government

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Coronavirus Recession Looms, Its Course ‘Unrecognizable’

The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline.

#coronavirus-2019-ncov, #economics-theory-and-philosophy, #gross-domestic-product, #labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy

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