This re-analysis of Tobin's (l950)study makes three points: (1) graphs are a powerful device for discovery and for communication, and can reveal much of the information in the data; (2) squeezing out the more subtle multivariate messages requires some solution to the usual overparameterization...

This paper analyzes changes in U.S. earnings differentials in the 1980s between race, gender, age, and schooling groups. There are four main sets of results to report. First, the economic position of less-educated workers declined relative to the more-educated among almost all demographic...

This paper analyzes changes in U.S. earnings differentials in the 1980s between race, gender, age, and schooling groups. There are four main sets of results to report. First, the economic position of less-educated workers declined relative to the more-educated among almost all demographic...

Richard Baum does not foresee China and the US “trading places†in the near future but does not rule out this scenario in twenty to thirty years. He evaluates China’s role in the international system. China’s strong economic growth continues, though probably slowing, and...

Scientists who make breakthrough discoveries can receive above-normal returns to their intellectual capital, with returns depending on the degree of natural excludability, that is whether necessary techniques can be learned through written repons or instead require hands-on experience with the...

Thomas Palley argues that the causes of the “Great Recession†are not primarily to be found in the asset bubble that was allowed to inflate in the housing market and in the financial sector. The bubbles actually reflect the longer-term basis for stagnation that originate in the...

Marc Bousquet argues that public education has become less and less democratic. Primary and secondary public educational institutions are now run as if they were corporations. The metrics used to determine performance and productivity are vapid and intended on supporting administrations at the...

Migration network theory addresses the cumulative causation of migration as a result of reduced social, economic, and emotional costs of migration pursuant to the formation of migration networks. Because it introduces a sociological dimension, network theory improves the mechanical and...

Harriet Friedman describes how the world food system has shifted away from cereal production for human consumption. The "meatification of diet" has led farmers and agribusiness to produce grains for animals. This shift is also typified by production for profit more than for feeding people....