Productivity is not just an important concept for economists, but for other social scientists as well. This article by Jeff Matrick, Editor of Challenge and economics columnist for the New York Times, is a review of a the recently published edited volume Towards a Social Understanding of...

Thomas Palley argues that the causes of the “Great Recession†are not primarily to be found in the asset bubble that was allowed to inflate in the housing market and in the financial sector. The bubbles actually reflect the longer-term basis for stagnation that originate in the...

This policy note tries to understand the slow job recovery in the United States as the economy exists a recession. We show that the time-varying Okun coefficient has declined since the early 1990s, thus being consistent with the observation of jobless growth. This finding contrasts with other...