Articles

Journal articles:

“If Keynes Were Alive Today…”: Reflections on Jim Crotty. Review of Radical Political Economics, 2023. With Arjun Jayadev.

Decomposing India’s Trade Ratio: 1980-2021Development and Change, 2023. With Advait Mohrahir and Arjun Jayadev.

Rethinking Supply Constraints. Review of Keynesian Economics, 2023. With Arjun Jayadev

The Historical-Accounting Approach to Empirical Macroeconomics. Slides only, 2023

Making Capitalism Great Again? A Critique of the “Rentier Takeover” Thesis. Review of Radical Political Economics, 2021.

The Evolution of State-Local Balance Sheets in the US, 1953-2013Journal of Post Keynesian Economics, 2019. With Arjun Jayadev and Amanda Page-Hoongrajok

A comparison of monetary and fiscal policy interaction under sound and functional finance regimes, Metroeconomica, 2018. With Arjun Jayadev

The Political Economy of Financialization in the US, Europe and India, Development and Change, 2018. With Arjun Jayadev and Enno Schroeder

Review of Reardon 2014, The Handbook of Pluralist Economics EducationReview of Keynesian Economics, 2017.

Mapping India’s Finances: Sixty Years of Flow of Funds. Economic and Political Weekly, 2017, Vol. 52, No. 18. With Arjun Jayadev and Amay Narayan.

The Post-1980 Debt Disinflation: An Exercise in Historical Accounting. With Arjun Jayadev. Review of Keynesian Economics, 3 (2015): 314-335.

Loose Money, High Rates: Interest Rate Spreads in Historical Perspective. With Arjun Jayadev. Journal of Post Keynesian Economics, 2015

Review of Dumenil & Levy, The Crisis of Neoliberalism, Rethinking Marxism, Fall 2014

Fisher Dynamics in Household Debt: The Case of the United States, 1929-2011. With Arjun Jayadev. American Economic Journal: Macroeconomics, August 2014.

Strange Defeat: How Austerity Economics Lost All the Intellectual Battles and Still Won the War. With Arjun Jayadev. Economic and Political Weekly, Vol. 68, No. 32, August 10, 2013.

Book chapters:

Macroeconomic lessons from the past decade. In Aggregate Demand and Employment: Theoretical and Policy Alternatives, edited by Hassan Bougrine, Brian MacLean and Louis-Philippe Rochon. 2020

Dealing with the Trade Deficit, in Untamed: How to Check Corporate, Financial and Monopoly PowerRoosevelt Institute, 2016

Reports:

Climate Policy from a Keynesian Point of View. Heinrich Böll Sifting, 2022

Rethinking Inflation Policy: A Toolkit for Economic Recovery. With Lauren Melodia. Roosevelt Institute, 2021.

Zoom Out: Keeping the Latest Jobs Numbers in Perspective. With Mike Konczal. Roosevelt Institute, 2021

Reimagining Full Employment. With Mike Konczal and Lauren Melodia. Roosevelt Institute, 2021.

Preventing Another Lost Decade: Why Large Federal Deficits Should Be Welcomed, Not Feared, in Today’s Economy. Roosevelt Institute, 2020

Public Spending as an Engine of Growth and Equality: Lessons from World War II. With Andrew Bossie. Roosevelt Institute, 2020.

The Public Role in Economic Transformation: Lessons from World War II. With Andrew Bossie. Roosevelt Institute, 2020.

Don’t Fear the Deficit: Why We Can Afford a Green New Deal. With Kristina Karlsson. Roosevelt Institute, 2019

Decarbonizing the US Economy: Pathways toward a Green New Deal. With Mark Paul and Anders Fremstad. Roosevelt Institute, 2019

Fiscal Rules for the 21st Century: How to Pay for the Public Sector. Roosevelt Institute, 2019

A New Direction for the Federal Reserve: Expanding the Monetary Policy Toolkit, With Mike Konczal. Roosevelt Institute, 2017

What Recovery? The Case for Continued Expansionary Policy at the Fed, Roosevelt Institute, 2017

Understanding Short-Termism: Questions and Consequences. Roosevelt Institute, 2015

An Agenda to End Short-Termism. With Mike Konczal and Amanda Page-Hongrajook. Roosevelt Institute, 2015

Disgorge the Cash: The Disconnect Between Corporate Borrowing and Investment. Roosevelt Institute, 2015

The Tax Adequacy Problem of the New England States. With John Miller. Political Economy Research Institute. 2014

Working papers:

Mainstream Macroeconomics and Modern Monetary Theory: What Really Divides Them? with Arjun Jayadev

Income Distribution, Household Debt, and Aggregate Demand: A Critical Assessment (paper) (slides)

Balance of Payments Constraints, the U.S. Current Account, and the Crisis of 2008

Selected popular writing:

Review of Thinking Like an Economist, by Beth Bopp BermanJacobin, Summer 2022.

The Real Secret of Central Banking: There Are No MaestrosBarron’s, January 2022.

Inflation is bad. But mass unemployment would have been worse. Washington Post, October 2021. With Lauren Melodia.

Beyond Neoliberal TradeBoston Review, August 2021. With Arjun Jayadev.

America’s Inflation Debate is Fundamentally ConfusedNew York, August 2021. With Eric Levitz.

How to Have a Roaring 2020s (Without Wild Inflation)New York Times, June 2020. With Mike Konczal.

Why Biden’s $1.9trn bill represents a decisive shift in economic thinking. New Statesman, April 2021.

Review of The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, by Stephanie Kelton. The American Prospect, July 2020.

Karl Marx and the Corporation. Jacobin, July 2020.

The worst time to slash Medicaid: Coronavirus and Cuomo’s redesign plans. New York Daily News, March 2020.

A Wave of State Layoffs Is Coming. The Fed Could Help Turn Back the Tide. Barron’s, March 2020.

Why College Should Be Free. Jacobin, July 2020.

Why Rent Control Works, in Jacobin

The Crash of Austerity Economics, in The American Prospect. With Arjun Jayadev

The Economic Case for the Green New Deal, in Forbes. With Mark Paul and Sue Holmberg

Pulling Rabbits out of Hats, in Jacobin

The Market Police (review of Slobodian, Globalists), in Boston Review

The End of Carbon Fuels?, (forum contribution), in The International Economy

Austerity by Design (review of Varoufakis, Adults in the Room), in Boston Review

Does the Conventional Wisdom about Productivity Need to be Reconsidered? (forum contribution), in The International Economy

The Disruptors, in Jacobin. With Seth Ackerman

Review of Wilson, Destructive Creation, in Dissent

A Cautious Case for Economic Nationalism, in Dissent

Socialize Finance, in Jacobin (also in Spanish)

The Fed Doesn’t Work For You, in Jacobin

Disgorge the Cash!, in The New Inquiry

In Defense of David Graeber’s Debt, in Jacobin

What Are the Bankers Up To?, in Jacobin

A Brief History of the Federal Reserve, in Economics for the 99 Percent, Center for Popular Economics

The Big Idea: Tax Evasion, in City Limits

The Big Idea: The Flattering Tax, in City Limits

The Big Idea: Tax the Street, in City Limits

Three Scenes from a Bull Market, in The Baffler

Review of Buhle, Taking Care of Business, and Parker and Gruelle, Democracy is Power, in The Boston Review

Review of Mills, Letters and Autobiographical Writings, in In These Times

Review of Hardt and Negri, Empire, in In These Times

The Buses Don’t Stop Here Anymore: Sick Transit and How to Fix It, in The American Prospect

Review of Jameson, Brecht and Method, in In These Times

Review of Amis, Night Train, in In These Times

Review of Parenti, Lockdown America, in The American Prospect

 

Updated January 2021.

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