Located in New York City, SCEPA is at the center of a network of leaders dedicated to progressive and innovative education and ideas.
SCEPA faculty are investigating the economics of climate change, from mitigation proposals to implementation.
SCEPA focuses on the U.S. economy, with an awareness of the global context of domestic economic developments.
A research institute within The New School’s Economics Department, SCEPA is dedicated to collaboration between today’s experts and tomorrow’s leading economists.
SCEPA is working to reform a retirement system that is failing Americans.
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.
On October 25, 2013, SCEPA was honored to welcome Robert L. Gordon, a distinguished economist from Northwestern University and brother of SCEPA founder David Gordon, to present the annual Irene & Bernard L. Schwartz Lecture.
Professor Gordon has rocked the economics profession and the employment policy debates at the highest levels with his recent – and controversial - work predicting an end to economic growth as we know it. He writes, "Our best days may be behind us." He debated his theory in a recent TED talk and was featured in New York Magazine, where he is described as a "declinist and an accidental social theorist."
Gordon's work demonstrates the shrinking impact of innovation due to the "headwinds" of debt, demographic change, diminishing educational returns, and inequality. Focusing on inequality, Gordon will compare his own policy recommendations with those put forward by his brother in his book, Fat and Mean.
New School economists David Howell, Professor of Economics and Public Policy, and Anwar Shaikh, Professor of Economics, joined Gordon in this debate on inequality.
On October 15, 2013, SCEPA hosted three New School economists on the economic fallout of the government shut down. Professors Teresa Ghilarducci, Rick McGahey and Christian Proaño discussed the causes of the shutdown, the economic implications of increasing or not increasing the debt ceiling, and what will happen if an agreement is not reached by the deadline of October 17.
Teresa Ghilarducci, "Economists Agree that Defaulting is Stupid"
Chair of the Economics Department at The New School for Social Research and Director of the Schwartz Center for Economic Policy Analysis
Rick McGahey, "Why Congress is Allowing a Default"
Professor of Professional Practice in Public Policy and Economics and Director of Environmental Policy and Sustainability Management
Christian Proaño, "The Dire Economic Consequences of a Default"
Assistant Professor of Economics
Economic growth starts with clusters of economic activity – groups of companies and other institutions working in similar fields. This takes place primarily in cities, which are the source of innovation, bringing together concentrations of capital investment, highly educated labor forces, advanced infrastructure, and institutions such as universities that create innovation and jobs. The challenge remains how to connect these forces for job creation, especially for the unemployed.
Here are a few of the many resources that provide ideas and examples of how market economies can jumpstart job creation at decent wages and working conditions:
- Los Angeles has figured out a way to create jobs and achieve economic growth through smart investment. Each time LA provides subsidies to private companies or plans infrastructure development, the contracts are contingent on providing jobs at livable wages and environmental improvement.
- The Annie E. Casey Foundation promotes economic growth with equity. Their report, "Big Ideas for Job Creation," describes nonconventional but practical policies for creating demand and investment.
- PolicyLink works in Detroit and other cities with large pockets of unemployment. Its economists argue that equity is not a consequence or output growth, but that polices promoting economic equity can foster growth and improve social conditions.
- "Back to Full Employment," a book from New School graduate and professor at U Mass. Amherst Robert Pollin, argues that a nation can use a green platform to stimulate job creation with revenue from a tax on financial transactions.
- Green For All is a leader in combining environmental concerns with job creation, focusing on how environmental improvements can create employment for low-income and poor populations.
- Brookings Metropolitan Policy Program, headed by Bruce Katz, concentrates on how cities are the center of metropolitan regions and those regions, in turn, create economic growth for a nation.