Issue 307: July/August 2013

New York City Nurses Confront an Austerity Avalanche

Medicaid cuts are being used to push austerity in hospitals’ contract negotiations with nurses, even as some hospitals dabble in financial speculation and their CEOs rake in millions.

Black-White Income Differences: What’s Happened?

By Arthur Macewan

Dear Dr. Dollar: We know U.S. income inequality has increased. But what’s happened with Black-White inequality? Read more »
Pursuing Profits—or Power?

By James K. Boyce | August 21

Do corporations seek to maximize profits? Or do they seek to maximize power? Read more »
Frackonomics

By Rob Larson

Hydrofracking turns out to be an ideal vehicle for explaining key economic concepts of market failure and market power. Read more »
Collapsing Investment
and the Great Recession
By Gerald Friedman | July 25

Investment in structures and machinery is one of the ways that an economy grows over time. But it’s not happening in the current “recovery.” Read more »
Beyond Debt and Deficits
An Interview with Robert Pollin

One of the authors of the paper that took down Reinhart and Rogoff talks to us about debt, austerity, growth, and why we need a wage-led recovery. Read more »