Spätestens seit der Finanzkrise 2008 hat der Begriff des Kapitalismus wieder Konjunktur, und mit Thomas Pikettys Bestseller auch die Frage nach sozialer Ungleichheit. In diesem Buch denken die Autorinnen und Autoren - unter Federführung von Heinz Bude und Philipp Staab - beide Dimensionen...

Rund um den Globus läuft ein Großangriff auf unseren Wohlstand. Die neuen Nationalisten wollen Grenzen schließen, den Handel beschränken, die internationale Verflechtung der Wirtschaft zurückdrehen. Für den Exportweltmeister Deutschland ist diese schleichende Deglobalisierung besonders...

Changes in both the macroeconomy and in macroeconomics suggest that the IS-LM-AS model is no longer the best baseline model of short-run fluctuations for teaching and policy analysis. This paper presents an alternative model that replaces the assumption that the central bank targets the money...

It is not common for an entire scholarly literature to be based on a fallacy, that is, 'on faulty reasoning; misleading or unsound argument'. The 'fiscal theory of the price level', recently re-developed by Woodford, Cochrane, Sims and others, is an example of a fatally flawed research...

The welfare economic method for analyzing the case for government intervention is often criticized for ignoring the political determination of policies. While many economists accept the thrust of this critique, exactly when and how political determination interferes with a welfare economic...

Publishing takes a long time in economics. Consequently, many authors release "working" versions of their papers. Using data on the NBER working paper series, we show that the dissemination of economics research suffers from an overcrowding problem: An increase in the number of weekly released...

Since Wakefield et al. (1998), the public was exposed to mixed information surrounding the claim that measles-mumps-rubella vaccine causes autism. A persistent trend to delay the vaccination during 1998-2011 in the US was driven by children of college-educated mothers, suggesting that these...

Recent research suggests that rates of extreme poverty, commonly defined as living on less than $2/person/day, are high and rising in the United States. We re-examine the rate of extreme poverty by linking 2011 data from the Survey of Income and Program Participation and Current Population...