- On Capitol Hill
- On Wall Street
- In the Press
- Policy Reform Work
Our projects are designed to empower policy makers to create positive change. With a focus on collaboration and outreach, we provide original, standards-based research on key policy issues.
SCEPA joined with the Economic Policy Institute on Capitol Hill to brief congressional staff and policy experts on tax expenditures, or incentives given through the tax code without scrutiny by Congress.
SCEPA economists are working on the prospects for a more progressive economic order to emerge from the shock of the recession. They have published papers and documents that place current events in a longer-term context as well as policy proposals to deal with short-term concerns. They are also documenting the emerging discussion of how the discipline of economics is reacting to the Great Recession and the questioning of conventional economic analysis.
Lance Taylor, a SCEPA Faculty Fellow, presents an overview of his new book, Maynard’s Revenge, in a Google Tech Talk.
The book, published this November by Harvard University Press, is a timely analysis of mainstream macroeconomics, posing the need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis.
The government spends $143 billion through tax breaks in an effort to expand pension coverage and security. Yet, over half of the American workforce does not have a pension. Retirement insecurity hurts business plans, workers’ lives and retiree well-being. Reform is needed.
SCEPA’s Guaranteeing Retirement Income Project, sponsored by the Rockefeller Foundation and in collaboration with Demos and the Economic Policy Institute, has a plan to guarantee safe and secure retirement income for all Americans.
Yanis Varoufakis delivered SCEPA's annual Robert Heilbroner Memorial Lecture, "The Future of Capitalism" on Monday, April 25th, 2016.
We all know Varoufakis as the former Greek Finance Minister and media sensation who stood up to Europe in the fight against austerity. His lecture highlighted themes his new book, "And The Weak Suffer What They Must?," including the origins of a crisis that has affected not only Greece, but all of Europe.
The lecture was followed by a panel discussion featuring New School Professor of Economics Mark Setterfield and economics student Ebba Boye.
Varoufakis’ career has spanned academia, public service, and the private sector. After three decades in academia, he was elected to the Hellenic Parliament in 2015 as a member of the Syriza Party and became Minister of Finance in Alexis Tsipras’ government. He currently serves as professor of economics at the University of Athens and as a consultant for the Valve Corporation.
SCEPA's Robert Heilbroner Memorial Lecture on the Future of Capitalism:
The Heilbroner lecture honors the work of Robert Heilbroner, who was both a student and a professor in the economics department of The New School for Social Research. This event is dedicated to understanding questions of economic justice and how the profit-seeking activities of private firms might also serve broader social goals. To use Heilbroner’s words, “capitalism’s uniqueness in history lies in its continuously self-generated change, but it is this very dynamism that is the system’s chief enemy.”
The event was free and open to the public.
The International Monetary Fund (IMF) is ramping up its collaboration with climate change experts in the academic community - including SCEPA Economist Willi Semmler - to discuss how developing countries can meet the conditions of the United Nation’s Paris agreement.
As the director of SCEPA’s Economics of Climate Change project, which presents expert lectures and original research on the economic effects of climate policies, Semmler was invited to work with the IMF's research and policy teams. Last week, he presented two lectures before the IMF’s Division of Development Macroeconomics on modeling economic growth in the context of climate change and he is co-authoring research with New School PhD candidate Anthony Bonen and IMF staff.
Semmler is the Arnhold Professor of Economics at The New School and co-author of the Oxford Handbook of the Macroeconomics of Global Warming.
The United Nation’s 2016 Paris Agreement, negotiated by 195 countries, creates a framework for keeping global temperatures from rising more than 2 degrees celsius. The next task is determining how to pay for it.
The Paris agreement commits developed countries to a collective goal of $100 billion per year by 2020. The European Commission expects this funding goal to increase thereafter. However, this places the burden of climate change mitigation costs on the shoulders of the current generation. In 2014, economist Jeffrey Sachs proposed financing climate change mitigation through public debt as a means to share costs between current and future generations.
In a new working paper, SCEPA Economist Willi Semmler and his co-authors expand on Sachs’ plan by proposing green bonds as the long-term debt mechanism to balance intergenerational costs. In their model, climate change mitigation investments made through green bonds will yield additional capital in the future, which will in turn generate additional output to repay the green bonds. Low interest rates provide the perfect opportunity to initiate green bonds, allowing current and future generation to finance climate change debt at historically low costs.