In this working paper, Robert Pollin responds to critics who purport to debunk “myths” about recent studies on the employment effects of investments in the clean energy economy. These papers are written as a response to what they term the “rapidly gaining popularity” of four studies that...

Hyman Minsky, who died in 1996, was responsible for an analytical framework that he called the "financial instability hypothesis" or the "Wall Street paradigm." His analysis is perhaps even more relevant today than it was when Robert Pollin wrote this retrospective of his work in 1997. Minsky's...

Written in 1995 and published in the New Left Review, this Working Paper remains highly relevant to the current financial crisis. Pollin grapples with how we can maintain the pursuit of egalitarianism in the context of globalization. He considers how we may harness financial institutions and...

The idea of an exogenous money supply—controlled entirely through centralbank interventions—was a fundamental tenet of monetarism and New Classical economics. Post Keynesians have developed an extensive literature arguing that the money supply is in fact endogenous—that market forces...

This study, co-commissioned by Natural Resources Defense Council and Green For All, considers the employment and other policy effects of a $150 billion annual investment in clean-energy specifically in terms of its ability to raise living standards for lower-income workers and families. This...

In this study of Ontario’s green economy, Robert Pollin and Heidi Garrett-Peltier present an approach to realistically estimate the employment effects of green investments in Ontario. They focus on two alternative investment scenarios for the province: a baseline program of $18.6 billion...

The economic crisis of the last two years has led to serious concerns about the sharp growth in the federal government’s fiscal deficit as well as the government’s overall debt burden as a share of total U.S. GDP. Many analysts also believe that an excessive share of the economy’s...

Robert Pollin and Jeannette Wicks-Lim consider the economic impact of two living wage proposals for Nashville-Davidson County, Tennessee. Pollin and Wicks-Lim look at the overall costs of each proposal, which offer a wage of $10.80 per hour and health insurance benefits to two alternative pools...

Levine and Zervos (1998) presented cross-country econometric evidence showing that, in a sample of 47 countries, stock market liquidity contributed a significant positive influence on GDP growth between 1976-93. We show that the Levine-Zervos results are not robust to alternative specifications...