Every day it becomes clearer that we have to break our addiction to extracting dirty stuff from the ground to burn for energy. But how to pull it off without triggering political and economic chaos?
Economist James K. Boyce, a senior fellow at the Political Economy Research Institute of the University of Massachusetts Amherst, is the author of a new book exploring that question, The Case for Carbon Dividends.
What drives economic growth and stagnation? What types of methodologies and tools do we need to accurately explain economic epochs in the past and present? What models and policy approaches can lead to prosperity for all? These questions occupied the mind of John Maynard Keynes from World War One until his death in 1946.
Growing rates of incarceration in the U.S. since the mid-1970s may be linked with a rise in drug-related mortality and may exacerbate the harmful health effects of economic hardship, according to an observational study involving 2,640 counties between 1983 and 2014, published in The Lancet Public Health journal. Read more...
The central question in the minimum-wage debate has shifted. Where economists once asked, “Will raising the wage floor kill jobs?” they now ask, “Just how transformative could a higher minimum wage be?” Read more...
UMass Economics in the News
There is continued coverage of research findings by Dania Francis, economics and Afro-American studies, that between $3.7 and $6.6 billion has been lost from dispossession of black-owned agricultural land in the South. (Esquire, 8/14/19)
Kartik Misrak, PhD candidate in economics, has been accepted for publication of his paper, “Does Historical Land Inequality Attenuate the Positive Impact of India’s Employment Guarantee Program?” in the WorldDevelopment today.