Voters Are Angry About Free Trade. What Is the Right Policy Response?

Voters Are Angry About Free Trade. What Is the Right Policy Response?

photo: DonkeyHotey The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaigns. In doing so, they have won millions of votes. Many of the arguments they use in their stump speeches are overly simplistic, but the […]

Voters are Angry about Free Trade. What is the Right Policy Response?

The two most watched candidates of this presidential election season, Donald Trump and Bernie Sanders, have put anger over the effects of free trade at the center of their campaigns. In doing so, they have won millions of votes. Many of the arguments they use in their stump speeches are overly simplistic, but the anger […]

How Is Inequality Linked to Climate Change, and What to Do About It?

Progressives see climate change and economic inequality as two of the big problems of our time. As the global aid organization Oxfam points out in a recent media briefing paper, “Extreme Carbon Inequality,” the two are “inextricably linked.” But just what is the nature of the linkage? Does inequality cause climate change? Does climate change […]

Inequalities, National and Global

The publication of Thomas Piketty’s Capital in the Twenty-First Century brought attention to an issue that has been slowly seeping into public discourse. President Obama’s State of the Union address made it clear that we will not need to wait until the 2016 Presidential campaign to hear proposals to rectify the rise in inequality. But the data and trends of […]

Universal Basic Income vs. Unemployment Insurance: Which is the Better Safety Net?

A universal basic income (UBI) and unemployment insurance (UI) are two possible forms of social insurance for an economy in which job loss is a significant risk. Which works better? How generous should either program be? Would a combination of the two be best of all? These are the questions that Alice Fabre, Stéphane Pallage, […]

Income Distribution: Equal Opportunity vs. Equal Results

Income distribution has become less equal in many countries in recent decades, and prominent economists and politicians have advocated policies that would reverse the change in inequality. Some advocates of greater equality have acknowledged a trade-off between greater equality and higher total income. However, Paul Krugman (2014) and Alan Blinder (2014) have recently denied that […]

Income Distribution: Equal Opportunity vs. Equal Results

Income distribution has become less equal in many countries in recent decades, and prominent economists and politicians have advocated policies that would reverse the change in inequality. Some advocates of greater equality have acknowledged a trade-off between greater equality and higher total income. However, Paul Krugman (2014) and Alan Blinder (2014) have recently denied that […]

A Universal Basic Income and Work Incentives. Part 1: Theory

Everywhere you look, it seems, people are talking about a Universal Basic Income (UBI)—a monthly cash benefit paid to every citizen that would replace the existing means-tested welfare system. Supporters maintain that a UBI would not only provide income support to people in need, but would also increase work incentives. That is because, unlike the […]

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