- 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.
Despite the mainstream interpretation that the October jobs report is a reason to ease off what little stimulus we are giving the economy, a broader view reinforces the fact that stimulus is the antidote for austerity policies that have failed to create prosperity.
Following a debilitating federal shutdown that failed to resolve conflicts over government spending and economic recovery, SCEPA economists both edited and contributed to an upcoming journal publication that critiques the mainstream acceptance of austerity policies.
“Austerity: Failed Economics But Persistent Policy,” is the November 1st issue of Social Research: An International Quarterly, a publication produced by The New School’s Center for Public Scholarship. The volume includes thirteen essays by leading economists, including Teresa Ghilarducci (co-editor), Robert Pollin, Rick McGahey (co-editor), and Willi Semmler, offering tools to escape austerity’s ill-advised vision and concrete policies to create economic growth and prosperity for all people, rather than just a wealthy few.
The volume describes austerity policies both here and abroad, how implementation has restricted economic growth, and why government officials continue to support these policies in spite of their poor track record. Specifically, authors argue that austerity policies hamper economic recovery, but remain popular among elites as a tool to lower labor costs and taxes while increasing profits. A real path to economic recovery and long-term fiscal health requires refocusing the debate from how to eliminate debt to how to eliminate mass unemployment.
Alternative policy proposals include a federal loan guarantee program for small businesses (Pollin), creation of a permanent federal government job guarantee program (Hamilton), and an expansion of Social Security to stabilize the economy and bolster the bargaining power of labor (Ghilarducci).
This issue can be ordered online.
Predictions of the 5th IPCC Report
In September, the United Nation’s Intergovernmental Panel on Climate Change (IPCC) published the first of four reports providing updates on the scientific community’s knowledge of climate change and its effects. The report from the first Working Group, Climate Change 2013: The Physical Science Basis, strengthens the panel’s degree of certainty that climate change is man-made and is the cause of melting ice, rising global sea levels and various forms of extreme weather.
On November 18, 2013, SCEPA’s Economics of Climate Change lecture series presented a panel discussion with leading climate change scientists on the major findings of the report. They discussed its local and global predictions and what it forecasts for urban areas, agriculture, food production, and developing economies.
Peter Schlosser, What Does the the 5th Assessment Report Tell Us?
Professor of Earth and Environmental Sciences, Columbia University
Deputy Director and Director of Research, The Earth Institute at Columbia University
Robert Kopp, Local and Global Impacts of Extreme Weather
Assistant Professor, Department of Earth & Planetary Sciences, Rutgers University
Associate Director, Rutgers Energy Institute
Wolfram Schlenker, Effects of Weather Change on Agricultural, Food Production & the Developing World
Associate Professor, School of International and Public Affairs, Columbia University
SCEPA's Economics of Climate Change project, led by New School Professor of Economics Willi Semmler, is generously supported by the Fritz Thyssen Foundation and the German Research Foundation (DFG).