Research
Is There a Future for Heterodox Economics?
Paper | This paper assesses economics research and teaching frameworks in the United States by examining how knowledge is produced and ranked, the flaws and strengths of heterodox economic theory; and how students are trained, especially for careers in economic policy.
Policy Note | Unpaid care work — the vast majority of such work in the United States — is primarily shouldered by economically vulnerable people. The costs associated with unpaid care work compound existing economic insecurity, leading to higher rates of poverty in old age. It is essential to support informal caregivers by recognizing caregiving as work and expanding their access to social safety net programs and providing paid family care leave.
Policy Note | Up to 40 percent of middle-income workers are at risk of downward mobility into poverty or near-poverty in retirement because of an inefficient retirement system that disproportionately benefits those with high incomes. Universal retirement accounts and providing workers with more equitable and better targeted tax incentives are among the best methods to supplement Social Security and prevent downward mobility in retirement.
Review the entropy constrained behavior model, complete lessons on expected utility theory and receive an introduction to social interaction behavior.
Learn the functionality of the canonical social interaction model and examine a major topic in political economics – the tragedy of the commons.
Walk through examples examining the potential effects of modifying the canonical social interaction model.
Learn how the case of quantal response is described by the use of the social interaction model and receive an introduction to classical political economy.
Explore Adam Smith’s division of labor and Karl Marx’s barter economy from the perspective of social coordination through the hub and spoke model.
Learn Smith’s division of labor, Marx’s barter economy and explore the creation and use of commodity and non-commodity money.
