A Debt Jubilee is the Only Way to Avoid a Depression | Counter Punch

Even before the novel coronavirus appeared, many American families were falling behind on student loans, auto loans, credit cards and other payments. America’s debt overhead was pricing its labor and industry out of world markets. A debt crisis was inevitable eventually, but covid-19 has made it…


How Jackson, Mississippi, Imagines a Cooperative Future | Bioneers

Cooperation Jackson is “building a solidarity economy in Jackson, Mississippi, anchored by a network of cooperatives and worker-owned, democratically self-managed enterprises.” The group’s progressive initiatives help workers in Jackson take ownership of their work and the success of their communities.


Why Universal Basic Income Could Help Us Fight The Next Wave of Economic Shocks

So, a familiar idea has once again returned: that of a universal basic income (or UBI), whereby all of us would be entitled to a regular payment from the state, enough to cover such basics as food and heating.


5 Economists Redefining… Everything. Oh Yes, And They’re Women-Forbes

Few economists become household names. Last century, it was John Maynard Keynes or Milton Friedman. Today, Thomas Piketty has become the economists’ poster-boy. Yet listen to the buzz, and it is five female economists who deserve our attention. They are revolutionising their field by questioning the meaning of everything from ‘value’ and ‘debt’ to ‘growth’ and ‘GDP.’


Hawaii Considers an Explicitly Feminist Plan for COVID-Era Economic Recovery

“The road to economic recovery should not be across women’s backs,” reads the first sentence of Hawaii’s Feminist Economic Recovery Plan. As states put forth dozens of recovery plans that all aim to redress the economic devastation caused by the COVID-19 pandemic, Hawaii’s remains the first and only that is explicitly “feminist.”


Humanities Graduates Are Just As Employable: Do The Sciences Really Lead To More Jobs? | The Guardian

The UK Government Wants More Students to Study Science Subjects – but employers want humanities graduates too. A report by the British Academy, published this year, shows that those taking arts, humanities and social science degrees end up in jobs in eight of the 10 fastest-growing sectors of the economy more often than their Stem graduate counterparts.


The Lesson Americans Never Learn | Annie Lowrey | The Atlantic

America insists on repeating this lesson over and over and over again, never really learning it: No amount of private initiative or donor generosity can or will ever do what the government can. First, individuals, nonprofits, and companies simply don’t have the resources to provide public services at scale.


In Game Theory, No Clear Path to Equilibrium | Quanta Magazine

Nash’s notion of equilibrium is ubiquitous in economic theory, but a new study shows that it is often impossible to reach efficiently. All games have a Nash equilibrium. But will players be able to reach it?


Barcelona Tells Landlords: Find Tenants Or We Will Rent Your Property As Affordable Housing

Barcelona is deploying an unorthodox strategy in a bid to increase the city’s available renting housing by forcing landlords to find tenants or else see their property being redeployed as affordable housing. Last week the city’s housing department wrote to 14 companies that collectively own hundreds of empty apartments


The Neoliberal Era Is Ending. What Comes Next? | The Correspondent

Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.