Keynes versus the Keynesians

Crotty Hall, Economics DepartmentWhat 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.

Vamsi Vakulabharanam co-authors op-ed in The Wire on India's Latest Election

What Did India Really Vote For?: Did the BJP/NDA secure a mandate to refashion India along the lines of Hindu-majoritarian nationalism? The answer has to be negative given the evidence.

The recently concluded election produced a puzzling outcome. During the tenure of the National Democratic Alliance government (NDA-II), the Indian economy significantly under-performed, heightening the distress of millions of farmers, raising unemployment and increasing the insecurity of workers in the informal sector. Read more...

UMass Economics in the News

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)