By Mehrsa Baradaran. From Harvard University Press: When the Emancipation Proclamation was signed in 1863, the black community owned less than one percent of the United States’ total wealth. More than 150 years later, that number has barely budged. The Color of Money pursues the persistence of this racial wealth gap by focusing on the … More New Book: The Color of Money – Black Banks and the Racial Wealth Gap
By Andrea Flynn, Susan R. Holmberg, Dorian T. Warren, and Felicia J. Wong. From Cambridge University Press: Why do black families own less than white families? Why does school segregation persist decades after Brown v. Board of Education? Why is it harder for black adults to vote than for white adults? Will addressing economic inequality … More New Book: The Hidden Rules of Race – Barriers to an Inclusive Economy
By Josh Bivens, Lora Engdahl, Elise Gould, Teresa Kroeger, Celine McNicholas, Lawrence Mishel, Zane Mokhiber, Heidi Shierholz, Marni von Wilpert, Ben Zipperer, and Valerie Wilson Americans have always joined together—whether in parent teacher associations or local community organizations—to solve problems and make changes that improve their lives and their communities. Through unions, people join together … More EPI: How today’s unions help working people
Steven Pressman, professor of economics at Colorado State University, delves into what defines the middle class and how it has been affected in recent years.
By Serena Cosgrove, Benjamin Curtis. From Routledge: Understanding Global Poverty introduces students to the study and analysis of poverty, helping them to understand why it is pervasive across human societies, and how it can be reduced through proven policy solutions. Using the capabilities and human development approach, the book foregrounds the human aspects of poverty, … More New Book: Understanding Global Poverty – Causes, Capabilities and Human Development
By William Lazonick, The prevailing stock market ideology enriches value extractors, not value creators. Conventional wisdom holds that the primary function of the stock market is to raise cash that companies use to invest in productive capabilities. The conventional wisdom is wrong. Academic research on corporate finance shows that, compared with other sources of funds, … More How “Shareholder Value” is Killing Innovation
By Nancy Folbre, Researchers studying income distribution in the United States seem reluctant to acknowledge the family as an important unit of production and distribution. As a result, they often rely on statistics that provide a misleading picture of inequalities based on class, race or ethnicity, and especially gender. Incomplete definitions of both family and … More Why current definitions of family income are misleading, and why this matters for measures of inequality