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. 
UMass Economics in the News
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An editorial supporting a raise in the federal minimum wage that varies depending on regional labor market conditions, cites research by Arindrajit Dube, economics, who says the optimum minimum wage is 50-60 percent of a regional labor market’s median hourly wage.(Washington Post, 7/16/19) |
The work of Robert N. Pollin, Distinguished Professor in economics and co-director of the Political Economy Research Institute, is cited in a story about efforts to deal with the student loan crisis and a proposal by Democratic presidential candidate U.S. Sen. Bernie Sanders to forgive all U.S. student debt by taxing every stock and bond trade. Pollin estimates this transaction tax would generate about $220 billion per year. (The Epoch Times, 7/15/19) |
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