The Coronavirus crisis calls for an emergency supply-side and demand-side economic mobilization, financed using debt-free mechanisms as were used during the Great Depression and WWII, to prevent catastrophic economic collapse during the Coronavirus crisis. The plan calls for:• Debt holiday...

The Coronavirus pandemic calls for both emergency supply-side productive mobilization and demand-side spending support measures. Measures of the latter kind are fortunately now under discussion in Congress. What remain to be developed are two things: first, complementary supply-side measures –...

In this chapter for the forthcoming Oxford Handbook of State Capitalism (OUP, 2020), we outline what we call 'The American Plan' of state capitalism, developed by Treasury Secretary Alexander Hamilton in the early years of the American republic, and trace its defining elements through two...

The arrival of the digital platform for buying and selling goods is altering the nature of markets by creating enormous economies of scale and enabling firms to reach purchasers far and wide. Further, digital platforms, especially when they are themselves profit-making firms, give rise to new...

The Job Quality Index (JQI) assesses job quality in the United States by measuring desirable higher-wage/higher-hour jobs versus lower-wage/lower-hour jobs. The JQI results also may serve as a proxy for the overall health of the U.S. jobs market, since the index enables month-by-month tracking...

This article considers the prospects for exploiting (a) several deep conceptual linkages between justice and insurance, (b) the rapid development of new hedging methods and technologies, and (c) an increasingly integrated global finance economy, in a manner that can render the global economy...

This white paper lays out the guiding vision behind the Green New Deal Resolution proposed to the U.S. Congress by Representative Alexandria Ocasio-Cortez and Senator Bill Markey in February of 2019. It explains the senses in which the Green New Deal is 'green' on the one hand, and a new 'New...

We design a digital home mortgage and title registry system, overseen by a new public sector entity, to provide clearing and settlement efficiencies in mortgage-related instruments comparable to those enabled by the Depository Trust Company (‘DTC') in other investment securities. We believe...

Ten years after the financial dramas of Autumn 2008, I take stock of what we have learned, what we have done, and what we have yet to do if we would avoid a repeat performance. The primary lessons I draw are that income and wealth distribution, the endogeneity of credit-money, and finance system...