One aspect of the contemporary crisis of the United States economy has been a sharp increase since the mid-1960s in the reliance on debt finance by corporations, households, and the federal government. This paper focuses on the borrowing behavior of nonfinancial corporations. It first presents...

The term "living wage" has been used in two separate ways: (1) a wage rate that will enable workers and their families to live above a reasonable poverty threshold; and (2) a somewhat more ambitious standard, a wage rate that will meet a family's basic budgetary needs. Both of these concepts are...

Since 1994, so-called "living wage" ordinances have passed in 20 cities in the United States, and activists are advancing similar proposals throughout the country. These proposals are a response to the declining real wages of low-wage workers in the United States-what David Gordon termed "the...

This paper considers policies for promoting productive investments in the USA, especially as regards the project of building a clean energy economy. The four main policies examined are (i) expanding public investments throughout the economy and gaining the crowding-in benefits that will accrue...

The idea of an exogenous money supply —controlled entirely through central bank 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...

The idea of an exogenous money supply —controlled entirely through central bank 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...