1 Robert N. Pollin Distinguished Professor of Economics and Co-Director, Political Economy Research Institute (PERI) University of Massachusetts-Amherst Date of birth: September 29, 1950 Home address: 1290 South East Street, Amherst, MA (413) University Address: Department of Economics, University of Massachusetts-Amherst, Amherst, MA Office phone: (413) Office fax: (413) Address: Education: B.A., 1972 (History), University of Wisconsin, Madison, Wisconsin M.A., 1979 (Economics), New School for Social Research, New York, NY Ph.D., 1982 (Economics), New School for Social Research Employment: : Cultural Writer and Book Reviewer, Washington Star Newspaper, Washington, D.C : Economic Researcher and Writer, Tanzer Economic Associates, New York, NY : Assistant Professor, Department of Economics, University of California, Riverside : Associate Professor, Department of Economics, University of California, Riverside : Professor, Department of Economics, University of California, Riverside : Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst present: Distinguished Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst President of PEAR (Pollin Energy and Retrofits). Other Professional Activities: : National Steering Committee, Union for Radical Political Economics 1986-present: Editorial Associate, Dollars and Sense magazine : Consultant, Joint Economic Committee, U.S. Congress 1990: Consultant to United Nations Development Program, Project on Bolivia
2 Page : Economic Spokesperson, Presidential Campaign of Gov. Jerry Brown : Member of Capital Formation Subcouncil of Competitiveness Policy Council, U.S. government 1992-present: Editorial Advisory Board, International Review of Applied Economics 1993: External Consultant, Graduate Program in Political Economy, Department of Economics, American University : Research Associate, Economic Policy Institute, Washington, D.C : Member of Review of Radical Political Economics editorial collective for special issues in honor of David M. Gordon : Advisory Board, Institute on Taxation and Economic Policy/Citizens for Tax Justice 1999-present: Board of Directors, Center for Economic and Policy Research 1999: Reviewer of Department of Community Studies, University of California, Santa Cruz. 2000: Consultant to Santa Monica, California City Council on Living Wage proposal. 2003: Consultant to Now with Bill Moyers, Pubic Broadcasting System special A Question of Fairness, on Inequality in the United States : Consultant to United Nations Development Program, Employment-Targeted Macroeconomic Policies for South Africa, Ghana and Kenya. 2004: Consultant to City of Santa Fe, New Mexico, on Living Wage law and legal challenge to law present: Economic Prospects Columnist for New Labor Forum present: Member of Board of Governors, Graduate School, New School For Social Research : Consultant to Natural Resources Defense Council on Green Economics and Employment : Consultant to Alliance for American Manufacturing on U.S. infrastructure investments 2009: Consultant to World Wildlife Federation-Canada on Green Economics and Employment 2009: Consultant to New York State Parks Commission on economic impact of NY State parks 2009: Consultant to Nashville, TN Living Wage Coalition : Consultant to U.S. Department of Energy on Employment Effects of Federal Government Stimulus Program 2011 present: Board of Advisors, Boston Review 2011 present: Member of Sen. Bernie Sanders Advisory Committee on Federal Reserve Reform
3 Page present: U.S. Consultant and Member of Scientific Advisory Committee, European Commission project on Financialization, Economy, Society, and Sustainable Development (FESSUD) 2012-present: Project Director on Global Green Growth, United Nations Industrial Development Organization (UNIDO). Honors and Awards Honors Recipient, University of Wisconsin (1972); Honors Recipient for Doctoral Exams, New School for Social Research (1979); Distinguished Teaching Award, Humanities and Social Sciences, University of California-Riverside ( ); Recipient, University of California Regents' Fellowship ( ); Distinguished Outreach Professor, University of Massachusetts-Amherst (2006); Distinguished Faculty Research Lecture, University of Massachusetts- Amherst ( ); 2009 Convocation Award for Outstanding Accomplishments in Research and Creative Activity, University of Massachusetts-Amherst; 2011 Distinguished Service Award, The Honor Society of Phi Kappa Phi, University of Massachusetts-Amherst; City of Justice Honor Award, Los Angeles Alliance for a New Economy, 2012; one of Foreign Policy magazine s 100 Leading Global Thinkers for COURSES TAUGHT (University of California-Riverside and University of Massachusetts-Amherst) UNDERGRADUATE Introduction to Economics (History of Thought and Economic Issues) Money, Credit and Banking Money, Credit and Economic Policy Introduction to Econometrics Applied Econometrics International Economics International Finance Introduction to Macroeconomics Introduction to Microeconomics Intermediate Macroeconomics GRADUATE Macroeconomic Theory (mainstream and alternative perspectives) Money, Credit and the Macroeconomy Labor Markets, Distribution, and Macroeconomic Activity Applied Econometrics 30 Completed Doctoral Dissertations Supervised Doctoral Committee Member on 18 Completed Dissertations PUBLICATIONS A. BOOKS 1. The Living Wage: Building a Fair Economy, (with Stephanie Luce), The New Press, 1998; paperback edition, 2000.
4 Page 4 2. Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity, Verso 2003; paperback edition with new Afterward, An Employment-Targeted Economic Program for South Africa (with Gerald Epstein, James Heintz, and Leonce Ndikumana), 2006, United Nations Development Program and Edward Elgar. 4. An Employment-Targeted Economic Program for Kenya (with Mwangi Githinji and James Heintz), United Nations Development Program and Edward Elgar, fall 2007 with UNDP, 2008 with Edward Elgar. 5. A Measure of Fairness: The Economics of Living Wages and Minimum Wages in the United States (with Mark Brenner, Stephanie Luce, and Jeannette Wicks-Lim) 2008, Cornell University Press. 6. Back to Full Employment, 2012, MIT Press. 7. Green Growth (working title) 2014 forthcoming, Center for American Progress (with James Heintz, Heidi Garrett-Peltier, and Bracken Hendricks. 8. The Global Clean Energy Transformation (working title) 2014 forthcoming, United Nations Industrial Development Organization (with James Heintz, Heidi Garrett-Peltier, and Shouvik Chakraborty). B. EDITED BOOKS 1. Transforming the U.S. Financial System: Equity and Efficiency for the 21st Century (with G. Dymski and G. Epstein), Under sponsorship of the Economic Policy Institute, Washington, D.C., M.E. Sharpe Publisher, New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman Minsky (with G. Dymski), University of Michigan Press, The Macroeconomics of Saving, Finance, and Investment, University of Michigan Press, Globalization and Progressive Economic Policy, (with D. Baker and G. Epstein), Cambridge University Press, Capitalism, Socialism, and Radical Political Economy: Essays in Honor of Howard J. Sherman, Edward Elgar Press, Human Development in the Era of Globalization: Essays in Honor of Keith B. Griffin, (with J. Boyce, S. Cullenberg, and P. Pattanaik) Edward Elgar, Capitalism on Trial: Explorations in the Tradition of Thomas E. Weisskopf (with J. Wicks-Lim), Edward Elgar, C. MONOGRAPHS AND PUBLISHED REPORTS 1. Deeper in Debt: The Changing Financial Conditions of U.S. Households, Economic Policy Institute, Washington, D.C., 1990, 78 pages.
5 Page 5 2. Economic Analysis of Florida Minimum Wage Proposal, September 2004, (with Mark Brenner and Jeanette Wicks-Lim, Center for American Progress, 84 published monograph pages. 3. Decent Work in America: The State-by-State Work Environment Index, 2005 (with James Heintz and Jeannette Wicks-Lim) Political Economy Research Institute, 10 published monograph pages. 3. Economic Analysis of Arizona Minimum Wage Proposal, October 2006 (with Jeannette Wicks-Lim) Center for American Progress, 95 published monograph pages. 4. The U.S. Employment Effects of Military and Domestic Spending Priorities, October 2007 (with Heidi Garrett-Peltier), Institute for Policy Studies, Women s Action for New Directions, and Political Economy Research Institute, 16 published monograph pages. 5. Job Opportunities for the Green Economy: A State-by-State Picture of Occupations that Gain From Green Investments, June 2008 (with Jeannette Wicks-Lim), Natural Resources Defense Council and Political Economy Research Institute, 15 published monograph pages. 6. Green Recovery: A Program to Create Good Jobs and Start Building a Low-Carbon Economy, September 2008 (with Heidi Garrett-Peltier, James Heintz, and Helen Scharber), Center for American Progress and Political Economy Research Institute, 42 monograph pages. 7. How Infrastructure Investments Support the U.S. Economy: Employment Productivity and Growth, January 2009 (with James Heintz and Heidi Garrett-Peltier), Alliance for American Manufacturing, 65 monograph pages. 8. The Economic Benefits of Investing in Clean Energy June 2009 (with James Heintz and Heidi Garrett- Peltier), Center for American Progress, 69 monograph pages. 9. Green Prosperity: How Clean Energy Policies can Fight Poverty and Raise Living Standards in the United States, June 2009 (with Jeannette Wicks-Lim and Heidi Garrett-Peltier), Natural Resources Defense Council and Green for All, 50 monograph pages. 10. The Economic Benefits of a Green Chemical Industry in the United States, 2011, (with James Heintz) Blue/Green Alliance, 44 pages Million Jobs for U.S. Workers: The Impact of Channeling $1.4 Trillion in Excess Liquid Asset Holdings into Productive Investments (with James Heintz, Heidi Garrett-Peltier, and Jeannette Wicks-Lim), Political Economy Research Institute, 2011, 67 pages. 12. Study of the U.S. Financial System (with James Heintz), FESSUD, June 2013, 315 pages. D. SCHOLARLY ARTICLES 1. "Stability and Instability in the Debt-Income Relationship," American Economic Review, May, 1985, pp "Alternative Perspectives on the Rise of Corporate Debt Dependency: The U.S. Post-war Experience," Review of Radical Political Economics, Spring & Summer 1986, pp
6 Page 6 3. "Corporate Interest Payments and the Falling Rate of Profit in the U. S. Postwar Economy," Economic Forum,Winter, , pp "The Growth of U. S. Household Debt: Demand-Side Influences," Journal of Macroeconomics, Spring 1988, pp "Debt Crisis, Accumulation Crisis and Economic Restructuring in Latin America," (with D. Alarcon), International Review of Applied Economics, pp Vol 2, No. 2, "Two Theories of Money Supply Endogeneity: Some Empirical Evidence," Journal of Post-Keynesian Economics, Spring 1991, pp "Growing U.S. Budget Deficits and Declining Economic Performance: What is the Connection," Review of Radical Political Economics, Fall 1989, pp "The Illusion of an Improved CPI," (with M. Stone and J. Hammaker) Challenge, January- February 1991, pp "Destabilizing Finance Worsened the Recession," Challenge, March-April 1992, pp "Financial Structures and Egalitarian Economic Policy," New Left Review, 214, November/December 1995, a. "Financial Structures and Egalitarian Economic Policy," International Papers in Political Economy December 1995, (somewhat shorter and more technical version of New Left Review article cited above). 11. "'Socialization of Investment' and 'Euthanasia of the Rentier': The Relevance of Keynesian Economic Policy Today," International Review of Applied Economics, January The Vietnam War and the Political Economy of Full Employment, (with Dean Baker and Elizabeth Zahrt), Challenge, May-June, 1996, pp Contemporary Economic Stagnation in World Historical Perspective, (review article of G. Arrighi, The Long Twentieth Century) New Left Review, September/October 1996, The Relevance of Hyman Minsky, Challenge, March-April 1997, Theory and Policy in Response to Leaden Age Financial Instability: Comment on David Felix, Journal of Post Keynesian Economics, Winter 1997/98, The 'Reserve Army of Unemployed' and the 'Natural Rate of Unemployment': Can Marx, Kalecki, Friedman, and Wall Street All Be Wrong?" Review of Radical Political Economics, Summer 1998, a. The 'Reserve Army of Unemployed' and the 'Natural Rate of Unemployment': Can Marx, Kalecki, Friedman, and Wall Street All Be Wrong?" reprinted in R. Baiman, H. Boushey, and D. Saunders, Political Economy and Contemporary Capitalism, M.E. Sharpe, 2000, "Asset Exchanges, Financial Market Trading, and the M1 Income Velocity Puzzle," (with Marc Schaberg), Journal of Post Keynesian Economics,
7 Page "Can U.S. Cities Afford Living Wage Programs? An Examination of Alternatives," (with Stephanie Luce), Review of Radical Political Economics, Winter 1999, "Robert Heilbroner: Worldly Philosopher," Challenge, May-June 1999, "Class Conflict and the 'Natural Rate of Unemployment," Challenge, November-December 1999, Anatomy of Clintonomics, New Left Review, May-June 2000, a. Anatomy of Clintonomics, revised and somewhat more technical version in Philip Arestis and Malcolm Sawyer, eds., Economics of the Third Way, Edward Elgar, What is a Living Wage? Considerations from Santa Monica, California, Review of Radical Political Economics, Fall 2002, Intended vs. Unintended Consequences: Evaluating the New Orleans Living Wage Proposal, (with Mark Brenner and Stephanie Luce) Journal of Economic Issues, December 2002, pp Evaluation of a Proposal to Reinstate the New York State Stock Transfer Tax, (with James Heintz, Challenge, July-August 2003, Securities Transaction Taxes for U.S. Financial Markets, (with Dean Baker and Marc Schaberg), Eastern Economic Journal, Fall 2003, Stock Market Liquidity and Economic Growth: A Critical Appraisal of the Levine/Zervos Model, (with Andong Zhu and Michael Ash), International Review of Applied Economics, 18:1 January 2004, Global Apparel Production and Sweatshop Labor: Can Raising Retail Prices Finance Living Wages? (with Justine Burns and James Heintz), Cambridge Journal of Economics, March 2004, 28:2, Deepening Divides in the U.S. Economy, 2004: Jobless Recovery and the Return of Fiscal Deficits, New School Economic Review, Fall Evaluating Living Wage Laws in the U.S.: Good Intentions and Economic Reality in Conflict? Economic Development Quarterly, 19:1, February 2005, pp Inflation and Economic Growth: A Cross-Country Nonlinear Analysis, (with Andong Zhu) Journal of Post Keynesian Economics, Summer 2006, pp Expanding Decent Employment in Kenya: The Role of Monetary Policy, Inflation Control and the Exchange Rate, (with James Heintz), International Poverty Centre of the United Nations Development Program, Country Study #6, <http://www.undp-povertycentre.org/pub/ipccountrystudy006.pdf>, March 2007, 53 pages. 32. Resurrection of the Rentier, review article of Andrew Glyn, Capitalism Unleashed, in New Left Review, July-August 2007, pp Targeting Employment Expansion, Economic Growth, and Development in Sub-Saharan Africa: Outlines of An Alternative Economic Growth Program for the Region, (with James Heintz), Economic Commission for Africa,
8 Page 8 _Pollin_and_Heintz_-_final.pdf, March 2008, 67 pages. 34. The U.S. Employment Effects of Military and Domestic Spending Priorities, (with Heidi Garrett- Peltier), International Journal of Health Services, 39:3, 2009, pp Why U.S. Financial Markets Need a Public Credit Rating Agency, (with M. Ahmed Diomande and James Heintz) The Economists Voice, June 2009, 36. Interest Rate Exogeneity: Theory, Evidence, and Policy Issues for the U.S. Economy, Economiaz, vol 72, no. 3, 2009, pp Austerity is not a Solution: Why the Deficit Hawks are Wrong, Challenge, November-December 38. State and Municipal Alternatives to Austerity, New Labor Forum, 22:3, 2011, pp U.S. Government Deficits and Debt amid the Great Recession, Cambridge Journal of Economics, 2012, 36, pp Public Policy, Community Ownership, and Clean Energy, Cambridge Journal of Regions, Economy, and Society, 2012, Speculation on Commodities Futures Markets and Destabilization of Global Food Prices: Exploring the Connections, (with Jayati Ghosh and James Heintz) International Journal of Health Services, 2012, 42:3, The Great US Liquidity Trap of : Are We Stuck Pushing on Strings? Review of Keynesian Economics, 2012, 1:1, Austerity Economics and the Struggle for the Soul of U.S. Capitalism, Social Research, 2013, 80:3, 44. Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff, Cambridge Journal of Economics, advanced early access version, 12/24/13. E. BOOK CHAPTERS 1. "Basic Mineral Economics," in Michael Tanzer, The Race for Resources (Monthly Review Press, 1980), pp "Structural Change and Increasing Fragility in the U. S. Financial System," in Robert Cherry et. al., ed., The Imperiled Economy: Macroeconomic Perspectives From the Left, New York: Union for Radical Political Economics, 1987, pp "Debt Dependency Growth and Financial Innovation: Instability in the U.S. and Latin America," in Arthur MacEwan and William Tabb, eds., Instability and Change in the World Economy, 1989, New York: Monthly Review Press. pp
9 Page 9 4. "Hyman Minsky as Hedgehog: The Power of the Wall Street Paradigm," (with G. Dymski), in Steven Fazzari and Dimitri Papadimitriou, eds., Financial Conditions and Macroeconomic Performance: Essays in Honor of Hyman P. Minsky, 1992, M.E. Sharpe, pp "Budget Deficits and the U.S. Economy: Considerations in an Heilbronerian Mode," in Ronald Blackwell, Jaspal Chatha, and Edward Nell, eds., Economics as Worldly Philosophy: Essays in Political and Historical Economics in Honor of Robert Heilbroner, New York: St. Martins Press, 1993, pp "Introduction" (with G. Dymski and G. Epstein) in G. Dymski and G. Epstein, and R. Pollin eds., Transforming the U.S. Financial System: Equity and Efficnency for the 21st Century, M.E. Sharpe, pps "Public Credit Allocation through the Federal Reserve: Why it's Necessary; How it Should Be Done," in R. Pollin, G. Dymski and G. Epstein, eds., Transforming the U.S. Financial System: Equity and Efficiency for the 21st Century, M.E. Sharpe Publishers, pp "Introduction" (with G. Dymski) in Dymski and Pollin, eds., New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman P. Minsky, University of Michigan Press, 1994, pp "Savings, Finance, and Interest Rates: An Empirical Consideration of Some Basic Keynesian Propositions," (with C. Justice) in G. Dymski and R. Pollin, eds. New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman P. Minsky, University of Michigan Press, 1994, pp "The Costs and Benefits of Financial Instability: Big Government Capitalism and the Minsky Paradox," (with G. Dymski) in G. Dymski and R. Pollin, eds., New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman P. Minsky, University of Michigan Press, 1994, pp "Marxian and Post Keynesian Developments in the Sphere of Money, Credit and Finance: Building Alternative Perspectives in Monetary Macroeconomics," in Mark Glick ed., Competition, Technology, and Money: Classical and Post Keynesian Perspectives Edward Elgar Publisher, 1994, pp "Saving and Finance: Real and Illusory Constraints on Full Employment Policy," in J. Michie and J. Grieve Smith, Restoring Full Employment: Rebuilding Industrial Capacity, Oxford, UK: Oxford University Press, pp "Money Supply Endogeneity: What are the Questions and Why do they Matter?" in Edward Nell and Ghislian Deleplace, eds., Money in Motion: The Circulation and Post-Keynesian Approaches, London: Macmillan, 1996, "Robert Heilbroner, (with Jerry Evensky), in Warren J. Samuels, ed., American Economists of the Late Twentieth Century, Brookfield, VT: Edward Elgar, 1996, Expansionary Policy for Full Employment in the United States: Retrospective on the 1960s and Current Period Prospects, (with Elizabeth Zahrt) in Jonathan Michie and John Grieve Smith eds., Employment and Economic Performance: Jobs, Inflation and Growth, Oxford University Press, 1997, "Financial Intermediation and the Variability of the Saving Constraint, in R. Pollin, editor, The Macroeconomics of Saving, Finance, and Investment, U. of Michigan Press, 1997, Introduction to R. Pollin, editor, The Macroeconomics of Saving, Finance, and Investment, U. of Michigan Press, 1997, 1-33.
10 Page Can Domestic Expansionary Policy Succeed in a Globally Integrated Environment? A Consideration of Alternatives, in Globalization and Progressive Economic Policy, D. Baker, G. Epstein and R. Pollin, eds. Cambridge University Press, 1998, Introduction to Globalization and Progressive Economic Policy, (with D. Baker and G. Epstein), Cambridge University Press, 1998, Introduction, to Capitalism, Socialism, and Radical Political Economy: Essays in Honor of Howard J. Sherman, Edward Elgar Press, 2000, pp Comment on Philip O Hara and Thomas Weisskopf, in Capitalism, Socialism, and Radical Political Economy: Essays in Honor of Howard J. Sherman, Edward Elgar Press, 2000, pp Entry on Savings, in John King, ed., Elgar Companion to Post-Keynesian Economics, Edward Elgar, 2003, pp Introduction to E.K. Hunt, Property and Prophets,, M.E. Sharpe, 2003, pp. ix x. 25. Applying a Securities Transaction Tax to the US: Design Issues, Market Impact, Revenue Estimates, in James Weaver, Randall Dodd, and Jamie Baker, Debating the Tobin Tax: New Rules for Global Governance, Washington, DC: New Rules for Global Finance Coalition, 2003, pp Globalization and the Transition to Egalitarian Development, in J. Boyce, S. Cullenberg, P. Pattanaik, and R. Pollin, Egalitarian Development in the Era of Globalization: Essays in Honor of Keith B. Griffin, Edward Elgar, 2006, pp Introduction, to Egalitarian Development in the Era of Globalization: Essays in Honor of Keith B. Griffin (with J. Boyce, S. Cullenberg, and P. Pattanaik), 2006, pp Neoliberal Globalization and the Question of Sweatshop Labor in Developing Countries, in Judith Blau and Keri E. Iyall Smith eds., Public Sociologies Reader, Lanham, MD: Rowman & Littlefield Publishers, Inc., 2006, pp Informalization, Economic Growth and the Challenge of Creating Viable Labor Standards in Developing Countries, (with James Heintz), in Neema Kudva and Lourdes Beneria, Rethinking Informalization: Poverty, Precarious Jobs, and Social Protection, Ithaca, NY: Cornell University Open Access Repository, 2006, pp Micro-Finance, Macro-Finance and Egalitarian Development, in Phillip Arestis and John Eatwell eds., Finance and Industry: Essays in Honor of Ajit Singh, London: Palgrave Macmillan, Labor Market Institutions and Employment Opportunities in Kenya, in Dasgupta et al, Development, Equity and Poverty: Essays in Honur of Azizur Rahman Khan, Macmillan Considerations on Interest Rate Exogeneity, in Basil Moore and Louis-Phillipe Ronchon, Post- Keynesian Monetary Theory: Reflections and Developments, Northampton, MA: Edward Elgar Publishers. 33. Building the Green New Deal in the United States, in Sebastian Dullien, Eckhard Hein, Achim Gruger, and Till van Treeck, The World Economy in Crisis the Return of Keynesianism?, Marburg: Metropolis-Verlag, 201.0, pp
11 Page Regulating Wall Street: Exploring the Political Economy of the Possible, (with Gerald Epstein) in Malcolm Sawyer, ed. Microeconomics, Macroeconomics, and Economic Policy, Palgrave Macmillan, 2011, pp Theses on Weisskopf, in J. Wicks-Lim and R. Pollin eds., Capitalism on Trial: Explorations in the Tradition of Thomas E. Weisskopf, Edward Elgar, Introduction (with J. Wicks-Lim) in Capitalism on Trial: Explorations in the Tradition of Thomas E. Weisskopf J. Wicks-Lim and Robert Pollin eds., Edward Elgar, Raising U.S. Loving Standards through Controlling Climate Change, in R. Holt and D. Greenwood, eds. A Brighter Future: Improving the Standard of Living Now and for the Next Generation,, M.E. Sharpe, forthcoming Short- and Long-Run Alternatives to Austerity in the U.S. in T. Palley and G. Horn, eds., Restoring Shared Prosperity: A Policy Agenda from Leading Keynesian Economists,, F. RECENT WORKING PAPERS 1. Did Immigrants in the U.S. Labor Market Make Conditions Worse for Native Workers During the Great Recession? PERI Working Paper #246, January 2011, 2. A Policy Framework for Advancing Productive Investments and Clean Energy throughout the U.S. Economy, PERI Working Paper #265, September 2011, 3. Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff, G. SEMI-POPULAR ARTICLES 1. "Multinational Mineral Industry in Crisis," Monthly Review, April, 1980; pp "A Theory of Financial Instability," Monthly Review, December, 1983, pp "Bretton Woods: The Rise and Fall of an International Monetary System," Dollars & Sense, December, 1984; pp a. Reprinted in Economics Affairs Bureau, Real World Macro (Somerville, Massachusetts, 1990), pp "The Hidden Debt Crisis: U.S. Households Borrow More to Make Ends Meet," Dollars and Sense, October, l986, pp a. Reprinted in Economics Affairs Bureau, Real World Macro 1989, pp "Latin American Debt: The Choices Ahead," (with E. Zepeda), Monthly Review, February, 1987, pp
12 Page 12 5a. Reprinted in Kofi Buenor Hadjor, ed., Essays in Honor of Olaf Palme: New Perspectives in North-South Dialogue, London: Third World Press, 1988, pp "Should Congress Control the Fed?", Economic Affairs Bureau, Real World Macro, pp. 36, "The Abyss of Third World Debt," Monthly Review, March 1989, pp.54-60; review article "Borrowing More, Buying Less: Household Debt Hits Record High," Dollars and Sense, May 1990, pp.9-8a. Reprinted in Economics Affairs Bureau, Real World Macro, 1991 edition, pp "The Rise in Personal Debt: Why Does it Matter?", Forum for Applied Research and Public Policy, Vol. 7, No. 2, Summer 1992, pp "Transforming the Fed: A Path to Financial Stability and Democratic Socialism," Dollars and Sense, November 1992, pp "Is Big Government Really the Problem?" Dollars and Sense, March/April 1995, pp , "The 'Natural Rate of Unemployment': Its All About Class Conflict," Dollars and Sense, September/October 1998, pp Time for a Living Wage, Challenge interview, September-October Working People under Neoliberal Globalization, Oikonomikos Tachidromos, October 30, 2001, pp. 15. Living Wages: Good Intentions in Economic Logic in Conflict? The Economic Quarterly (of the Eitan Berglas School of Economics, Tel Aviv University), September 2002, pp Recession: Government Spending to the Rescue? Dollars and Sense, November/December 2002, pp Robert Heilbroner: , Challenge, May-June, 2005, pp A Reply to Marxian Class Analysis and Economics, Dollars and Sense, September/October 2006, pp Global Outsourcing and the U.S. Working Class, New Labor Forum regular Economic Prospects column, Winter 2007, pp Making the Federal Minimum Wage a Living Wage, New Labor Forum regular Economic Prospects column, Spring 2007, A People s Economy is Possible, New Labor Forum, Fall 2007, Why Militarism Hurts the U.S. Economy, New Labor Forum regular Economic Prospects column, Winter 2008, pp Its Still The Economy, Stupid, Dollars & Sense, April 2008.
13 Page The Housing Bubble and Financial Deregulation: Isn t Enough Enough? New Labor Forum regular Economic Prospects column, Spring 2008, pp Green Investments and the Path to Prosperity, New Labor Forum regular Economic Prospects column, Fall Financing Green Investments as an Alternative to Casino Capitalism, New Labor Forum regular Economic Prospects column, Winter 2009, pp Tools for a New Economy: Proposals for a Financial Regulatory System, Boston Review, pp Where the Jobs Are, The American Prospect, April 2009, pp. A7 A Infrastructure Investments and the Obama Recovery Plan, New Labor Forum regular Economic Prospects column, Spring 2009, pp Fiscal Deficits: Scare Stories vs. Reality, New Labor Forum regular Economic Prospects column, Fall 2009, pp Credit Allocation Policies to Advance Financial Stability and Social Welfare: The Role for Asset- Based Reserve Requirements, New American Contract Policy Paper, September 23, 2009, welfare 32. U.S. Fiscal Deficit: Scare Stories vs. Reality, New Labor Forum, Vol 18, no. 3, 2009, pp Industrial Policy and the Revival of U.S. Manufacturing, New Labor Forum regular Economic Prospects column, Vol. 19, #1, pp A Proposal for Reviving U.S. Manufacturing and Creating Millions of Good Jobs, (with Dean Baker) New Labor Forum, Vol. 18, no. 9, 2010, pp U.S. Trade Policy and the Jobs Crisis, New Labor Forum regular Economic Prospects column, Vol 19, no. 3, Fall 2010, pp Promoting Recovery through Cheap Credit for Small Businesses, New America Foundation, Plan B for Economic Recovery Forum, September 6, 2010, 37. The Wall Street Collapse and Return of Reality-Based Economics, Monthly Review, September 2010, pp Can We Please Stop Blaming Immigrants? New Labor Forum regular Economic Prospects column, Vol 20, no. 1, Winter 2011, pp Back to Full Employment, lead article in Forum for Boston Review, January-February 2011, pp , with responses to comments, pp
14 Page Field Notes on Wall Street Reform: The Battle Continues, New Labor Forum regular Economic Prospects column, Spring, 2011, 20:2, Fighting Seriously for Jobs and Social Security, New Labor Forum regular Economic Prospects column, Winter, 2012, 21:1, A U.S. Financial Transaction Tax: How Wall Street Can Pay for its Mess, New Labor Forum, regular Economic Prospects column, Spring 2012, 21:2, Getting Real on Jobs and the Environment: Pipelines, Fracking, or Clean Energy? New Labor Forum, regular Economic Prospects column, Fall 2012, 21:3, Austerity Economics is Bad Economics, New Labor Forum, regular Economic Prospects column, January/February 2013, 22:1, Fighting for Wall Street Reform: Who Said It Was Easy? New Labor Forum, regular Economic Prospects column, 22:2, New Openings in the Fight against Austerity, New Labor Forum, regular Economic Prospects column, 22:3, G. POPULAR ARTICLES 1. "Hardheads and Bishops: How to Talk About Economic Strategy," (with A. Cockburn), The Nation, February 28, 1987, pp "The Crash of 1987: Who's Been on a Binge?", Against the Current, May/June 1988, pp "The Keynes Mutiny," The Nation, September 25, 1989, pp "Capitalism and its Specters: The World, The Free Market and The Left," (with A. Cockburn), The Nation, February 25, 1991, pp a. Reprinted in Social Scientist, Delhi, India, July 1991, pp b. Reprinted in Taking Sides: Clashing Views on Controversial Social Issues, Kurt Finsterbusch and George McKenna, eds., The Dishkin Publishing Group, Inc., 1992, pps "Dismantling Defense: Use Conversion to Create Jobs," The Nation, July 12, 1993, pp "Main Street vs. Wall Street: Taxing the Big Casino," (with Dean Baker and Marc Schaberg), The Nation, May 9, 1994, pp Economics with a Human Face, The Nation, September 30, 1996, pp "Living Wage, Live Action," The Nation, November 23, 1998, pp
15 Page Can New Orleans Afford to Pay Living Wages? Evaluating the Costs of the New Orleans Living Wage Proposal, (with Mark Brenner and Stephanie Luce) Blueprint for Social Justice, September 2001, 12 pages (full issue of publication). 10. The Decline of the Dollar: Where is it Going? Counterpunch, April 1-15, 2005, pp. 1, The Man Who Explained Empire: Remembering Harry Magdoff, Counterpunch online, January 26, 12. Reaganomics Revisited: Beyond the Glow of Nostalgia, Counterpunch online, February 22, Microcredit: False Hopes and Real Possibilities, Foreign Policy in Focus, June 21, Debate on Microcredit, debate with Sam Daley-Harris, Foreign Policy in Focus, June 21, Wage Cutting in Kenya will Expand Poverty, Not Decent Jobs, (with Mwangi wa Githinji and James Heintz) International Poverty Centre, UNDP, One-pager #46, December The Wages of Peace, (with Heidi Garrett-Peltier), The Nation, March 31, 2008, pp Ending Casino Capitalism, The Nation, October 13, 2008, p We re All Minskyites Now, The Nation, November 17, 2008, pp How to End the Recession, The Nation, November 24, 2008, pp Memo to Obama: On Full Employment, Tikkun, January-February, 2009, pp Doing the Recovery Right, The Nation, February 16, 2009, pp Be Utopian: Demand the Realistic, The Nation, March 23, 2009 (web only) Million Jobs by 2012, The Nation, March 8, 2010, pp Financial Transaction Taxes: A Tool for Fighting Wall Street Excesses and Raising Taxes Fairly, SAFER Policy Brief #17, November 23, Controlling Oil and Food Price Speculation through Financial Reform Bill, Huffington Post, June 7, It s Not the Party It s the Policies, The Nation, September 27, Fighting to Prevent Global Hunger, Tikkun, November Betrayal of Public Workers, The Nation, March 7, 2011, pp Benefits of a Slimmer Pentagon, The Nation, May 28, 2012, pp H. BOOK REVIEWS
16 Page Review of William Hixon, A Matter of Interest: Reexamining Money, Debt, and Real Economic Growth, for Monthly Review, October Review of Bruce Roberts and Susan Feiner, eds., Radical Economics, for Journal of Economic Literature, December 1993, pp Review of David Coates, The Question of U.K. Decline, for International Review of Applied Economics, Volume 9, No. 2, 1995 pp Review of Amitava K. Dutt and Kenneth P. Jameson, Crossing the Mainstream: Ethical and Methodological Issues in Economics for Journal of Economic Literature, September 2002, pp Review of Joseph E. Stiglitz, The Roaring Nineties: A New History of the World s Most Prosperous Decade, Challenge, July-August 2004, pp Review of Prabhat Patnaik, The Value of Money for the Economic and Political Weekly, October 3, 2009, pp Review of Larry Bartels, Unequal Democracy, for Journal of Economic Literature, No. 43, No. 1, 2010, pp III. SELECTED REPORTS "Third World Oil Exploration Patterns in the Post Yom Kippur War Era," Tanzer Economic Associates, 2. "The Carter Energy Program and U.S. Energy Consumption Patterns," Tanzer Economic Associates, "Alternative Techniques for Measuring Price Change: The Consumer Price Index versus the GDP Deflator," Tanzer Economic Associates, "Employment Intensive Capital Formation in Bolivia," with K. Griffin, R. Thorp, and C. Geneletti. May 1990, 51 manuscript pages. 5. "Labour Power, Investment and Development: Proposals for A National Strategy to be Launched in Oruro and Potosi," with K. Griffin. August 1990, 14 manuscript pages. 6. "Financial Conditions and Macroeconomic Instability," Economic Policy Institute Briefing Paper (with Gary Dymski, Gerald Epstein, and James Galbraith), June Economic Analysis of The Los Angeles Living Wage Ordinance, Project Director and Principal Author (with other authors), October 1996, 150 manuscript pages. 8. Economic Analysis of The New Orleans Minimum Wage Proposal," (with Stephanie Luce and Mark Brenner), July 1999, 155 pages. 9. Economic Effects of Setting Living Wage Standards, (with David Moore), John Witte, ed., Report on Living Wage Symposium, Robert M. La Follette Center, University of Wisconsin-Madison, 2000, 7 pages.
17 Page Economic Analysis of Santa Monica Living Wage Proposal, Project Director and Principal Author (with other authors), August 2000, 370 pages. 11. Supplemental Report for New Orleans Living Wage Ordinance, (with Mark Brenner), March 2002, 14 manuscript pages. 12. Supplemental Report on Santa Monica Living Wage Ordinance, (with Mark Brenner), September 2002, 30 manuscript pages. 13. Evaluation of Santa Fe, New Mexico Living Wage Ordinance, February 2003, 10 manuscript pages. 14. Evaluation of Atlanta, GA Living Wage Ordinance, May 2003, 10 manuscript pages. 15. Expert Report on Santa Fe, New Mexico Living Wage Ordinance, March 2004, 103 manuscript pages. 16. Building the Green Economy: Employment Effects of Green Energy Investments for Ontario, (with Heidi Garrett-Peltier) for World Wildlife Federation-Canada, March 2009, 32 manuscript pages. 17. The Economic Benefits of the New York State Parks and Historic Sites, (with James Heintz and Heidi Garrett-Peltier), for New York State Parks Service, March 2009, 36 manuscript pages. 18. Economic Impact of the Nashville Living Wage Proposal, (with Jeannette Wicks-Lim), for Nashville Living Wage Coalition, March 2009, 55 manuscript pages. 19. The U.S. Employment Effects of Military and Domestic Spending: An Updated Analysis, (with Heidi Garrett-Peltier) Political Economy Research Institute and Institute for Policy Studies, September 2009, 10 monograph pages. 20. How Wall Street Speculation is Driving Up Gas Prices Today, Americans for Financial Reform/PERI, June 2011, 16 pages, 21. The U.S. Employment Effects of Military and Domestic Spending: 2011 Update (with Heidi Garrett- Peltier) Political Economy Research Institute, September 2011, 12 pages. 22. Transaction Costs, Trading Elasticities, and the Revenue Potential of Financial Transaction Taxes for the United States, (with James Heintz), Political Economy Research Institute Research Brief, December 2011, 17 pages. IV. SELECTED OPINION PIECES 1. "Why the Left Should Support the Flat Tax," The Wall Street Journal, April 2, 1992, p.a15 (with Alexander Cockburn). 2. "Brown Says Flat Tax Will Help Economy, Cut Lower-Income Tax Bite," Philadelphia Inquirer, April 26, 1992, p. F7. 3. "Maybe Not a Flat Tax, But a Fair Tax," Los Angeles Times, May 26, 1992, p. B5.
18 Page "Do We Need a Flat Tax?" California Business, June 1992, p "Washington Must Spend to Spur Spending," Los Angeles Times, July 15, 1992, p. B7. 6. "Its Perot vs. Our Living Standards," Los Angeles Times, October 4, 1992, p. B7. 7. "Rossonomics," The Nation, October 26, 1992, pp "Debt Obsessed: Clinton in the Clutches of Orthodoxy," Dollars and Sense, April 1993, p "Conversion Still Offers a Peace Dividend," Los Angeles Times, June 24, 1993, p. B "Tax Stock Trades to End Speculation," (with Dean Baker and Marc Schaberg," Los Angeles Times, April 28, 1994, p. B "The Land of Bilk and Money," In These Times, January 9, 1995, p Small Raise Per Worker Goes a Long Way, Los Angeles Times, January 2, 1997, p. B "Barely Minimum," The Nation, April 6, 1998, pp "Living Wages Give A Boost to Demand," Los Angeles Times, April 1, 1999, p. B Economic Slide Makes Spending Respectable, Los Angeles Times, September 24, Bubble Won t Reinflate, Los Angeles Times, August 24, 2003, p. B Remembering Paul Sweezy, Counterpunch online edition, March 6, Should the Minimum Wage Be Increased? New York Times Upfront, November Cheaper Money the Key to Solving Jobs Crisis, Mail & Guardian (South Africa), October 20-26, 2006, News and Comment, p A Living Wage We Can Live With, Los Angeles Times, January 14, Working but Living in Poverty, Business Daily (Kenya), November 23, Why Wage Cutting Won t Work, Business Daily (Kenya), November 26, Regulating Market Economies, Featured Participant Contribution, The Economist online debate, March 15, Green Energy Means More Jobs, Milwaukee Journal-Sentinel,February 22, Standard of Living Must Be Raised, Roll Call, May 18, Should New York Demand a Living Wage: Yes New York Daily News, June 27, 2010, p Large Deficits Remain Essential, Los Angeles Times,11/15/10.
19 Page Austerity after Reinhart and Rogoff, (with Michael Ash) Financial Times, 4/17/ Debt and Growth: A Reply to Reinhart and Rogoff, (with Michael Ash) New York Times, 4/29/13. SELECTED LECTURES AND OTHER PUBLIC PRESENTATIONS 1. "Alternative Perspectives on the Rise of Corporate Debt Dependency," ASSA Conference, San Francisco, December, "Alternative Perspectives on the Rise of Corporate Debt Dependency," Department of Economics, University of California, Berkeley, February 9, "Alternative Perspectives on the Rise of Corporate Debt Dependency," Department of Economics, Occidental College, April 19, "International Financial Instability: The Legacy of Bretton Woods," Department of Economics, University of Utah, May, "Ethics and Economics: A Jewish Perspective," Temple Beth El, Riverside, CA, May, "Stability and Instability in the Debt-Income Relationship," ASSA Conference, Dallas, December, "Capital Income Distribution and the Falling Rate of Profit," ASSA Conference, Dallas, December, "Alternative Perspectives on the Rise of Corporate Debt Dependency," Department of Political Science, UCLA, February, "Corporate Finance and Economic Crisis," at plenary session of conference on "The Present State of the World Economic Crisis," July 30-August 2, 1985, Center for Economic Research, National Autonomous University of Mexico. 10. Organizer and session chair of evening plenary "The Third World Debt Crisis: Progressive Responses," ASSA Conference, New York, December 28, "Two Theories of Money Supply Endogeneity," Greater Los Angeles Political Economy Seminar, California State University, Los Angeles, February 21, "The Economics Pastoral and its Critics: How Confused are the Bishops?," at Catholic Diocese of San Diego convocation on the Bishops' Pastoral Letter, Economic Justice for All, November 14, "Debt Dependency and Stagnation: Pathways to Instability in the U.S. and Latin America," Conference on Economic Globalization sponsored by City University of New York, Berkshires, Massachusetts, May 14, "Assessing Alternative Theories of Economic Crisis," UCLA, Program in Social Theory of Comparative History, June 3, "What was Behind the Stock Market Crash"?, Department of Economics, Cal State Fresno University, March, 1988.
20 Page "The Growth of U.S. Household Debt," Western Economic Association meetings, Los Angeles, July 1, 17. "Is Democratizing the Federal Reserve Worth It?", URPE Summer Conference, Sandwich, MA, August 23, "The Stock Market Crash and the U.S. Macroeconomy," University of Southern California Program in Political Economy, November 15, Presented one week intensive seminar, "Alternative Contemporary Perspectives in Macroeconomics," Metrpolitan Autonomous University-Azcapotzalco, December 5-9, 1988, to inagurate exchange program between Economics Departments of UC-Riverside and UAM-Azcapotzalco. 20. "The Changing Financial Conditions of U.S. Households," ASSA meetings, New York City, December 29, "Budget Deficits and the U.S. Macroeconomy," Department of Economics, Northeast Missouri State University, April 6, "Budget Deficits and Declining Economic Performance: What is the Connection," ASSA Conference, Atlanta, GA, December 29, "Hyman Minsky as Hedgehog: The Power of the Wall Street Paradigm," Department of Economics, Washington University in St. Louis, April 12, "Economic Policymaking in Bolivia: Is there an Alternative to Jeffrey Sachs?," URPE Summer Conference, August 25, Debate with Prof. Jeffrey Sachs over National Public Radio on International Monetary Fund policies, May 14, "The U.S. Financial System: Over the Abyss?" San Diego State University, October 26, "Two Theories of Money Supply Endogeneity," Jerome Levy Economics Institute, November 1, "Economic Aspects of Middle East Crisis," California State University, San Bernardino, December 1, 29. "The Market for Corporate Control: Sickness, Symptom or Cure?", ASSA Conference, December 29, 1990, Washington, D.C. 30. "Making Sense of the Budget Deficit Debate," Economic Policy Institute, January 11, "Debate on the Middle East War," World Society, UC Riverside, February 12, "Does the Socialist Tradition of Willy Brandt Make Economic Sense?" UC Riverside Executive Circle Meeting, February "The World, the Free Market and the Left," The Nation magazine, New York, March 22, 1991.
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