New Book: Employers’ Economics versus Employees’ Economy – How Adam Smith’s Legacy Obscures Public Investment in the Private Sector

By John F. M. McDermott. From Palgrave: This book argues that economic activity in the public sphere now underwrites private corporations, and rejects rigid adherence to traditional economic theories that no longer apply. Adam Smith’s widely used “merchant’s model” assumes that most investment is private, when in fact research demonstrates that public investment in the workforce … More New Book: Employers’ Economics versus Employees’ Economy – How Adam Smith’s Legacy Obscures Public Investment in the Private Sector

EPI: A Social Democratic Public Investment Agenda for the USA

By Josh Bivens and Hunter Blair A welcome theme in the 2016 presidential election was a commitment to increasing public investment. Both candidates in the Democratic primary put forward detailed plans for such investments, and in the general election contest, Donald Trump generally criticized Hillary Clinton’s five-year, $275 billion plan for infrastructure as too small. … More EPI: A Social Democratic Public Investment Agenda for the USA