*Final printed articles may differ owing to Editorial Proof corrections*\n<\/p>\n
SELECTED ARTICLES<\/font><\/strong><\/p>\n \nARTICLES & BOOK CHAPTERS BY SUBJECT<\/font><\/strong><\/p>\n Macroeconomic policy<\/a><\/font> <\/a>Macroeconomic policy:<\/font><\/strong><\/p>\n a) Easy reading:<\/strong><\/p>\n “Milton Friedman: The Great Laissez-faire Partisan,” <\/a>Economic and Political weekly, December 9-15, 2006, Vol XLI, No.49, p.5041 – 5043.<\/p>\n \u00e2\u20ac\u0153The Troubling Economics and Politics of the U.S. Trade Deficit,\u00e2\u20ac\u009d <\/a>National Strategy Forum Review, 15 (4), fall 2006, 20 \u00e2\u20ac\u201c 23.\n<\/p>\n “The Questionable Legacy of Alan Greenspan<\/a>,” Challenge, (November\/December 2005), 5 – 19. <\/p>\n “From Keynesianism to Neo-liberalism: Shifting Paradigms in Economics,” in Neo-liberalism: A Critical Reader<\/a>, Johnston & Saad Filho (eds.), Pluto Press: London, 2004.<\/p>\n “Asset Price Bubbles and the Case for Asset Based Reserve Requirements,”<\/a> Challenge, 46 (May – June 2003), 53 – 72.<\/p>\n “The Case Against Pre-funding Social Security with Equities<\/a>,” Challenge, (January\/February 2003), 123 – 29. <\/p>\n “The Overvalued Dollar and the U.S. Slump<\/a>,” in Bergsten and Williamson (eds.), Dollar Overvaluation and The World Economy, Institute for International Economics, Washington, DC, 2003.<\/p>\n “Economic Contradictions Coming Home to Roost? Does the U.S. Face a Long Term Aggregate Demand Generation Problem?<\/a>” Journal of Post Keynesian Economics, 25 (Fall 2002), 9 – 32.<\/p>\n “Social Security: Pre-funding is not the Answer<\/a>,” Challenge, 45 (March – April 2002), 97 – 118.<\/p>\n “Fiscal Policy in the U.S.: Lessons from 2001<\/a>,” OECD Observer, January 2002, 27 – 28.<\/p>\n “The Over-valued Dollar: Policy Complacency and the Deepening of America’s Slump<\/a>,” New Economy, 8 (December 2001), 242 – 47.<\/p>\n “The Case Against Budget Surpluses<\/a>,” Challenge, November-December, 2001, 13 – 27.<\/p>\n “Chairman Greenspan Wants Your Job: New Rules for a New Federal Reserve<\/a>,” The American Prospect, October 23, 2000, 26 – 28.<\/p>\n Stabilizing Finance: The Case for Asset-Based Reserve Requirements<\/a>, Report issued by the Financial Markets Center, Philomont, VA, August 2000.<\/p>\n The Economic Expansion of the 1990s: Implications for Progressive Economics<\/a>, (July\/August 2000), 22 – 42.<\/p>\n “Financial Instability in the OECD: The Missing Dimension in Public Policy,” New Economy, September 2000, 7 (3), 179 – 84. Also published as “Industrialized Country Financial Markets: The Missing Dimension in the Stabilizing Global Finance Debate,” in Foden, Hoffman, and Scott (eds.), Globalization and the Social Contract, European Trade Union Institute, Brussels, 2001.<\/em><\/p>\n “Asset Based Stability,” FOMC Alert, 4 (August 2000), p.11.<\/p>\n "End of the Expansion: Soft landing, Hard Landing, or Crash?<\/a>" Challenge, November – December, 1999, 6 – 25. <\/p>\n "The Structural Unemployment Policy Trap: How the NAIRU can Mislead Policymakers<\/a>," New Economy, 6 (June 1999), 79 83.<\/p>\n "Restoring Prosperity: Why the U.S. Model is not the Right Answer for the U.S. or Europe<\/a>," Journal of Post Keynesian Economics, 20 (Spring 1998), 337 54. Also published in D.Foden and P.Morris (eds.), The Search for Equity: Welfare and Security in the Global Economy, London: Lawrence and Wishart, 1998. <\/em><\/p>\n “Zero is not the Optimal Rate of Inflation<\/a>,” Challenge, 41 (January-February 1998), 7 18.<\/p>\n "The Sorry Politics of the Balanced Budget Amendment<\/a>," Challenge, 40 (May\/June 1997), 5– 13.<\/p>\n "Still Only Half Full: Policies for Prosperity in a Leaky World," Real Estate Finance Review, 3 (Summer 1997), 28 34. <\/p>\n "How to Rewrite Economic History: The Boskin Commission<\/a>," Atlantic Monthly, April 1997. <\/p>\n "The Forces Making for an Economic Collapse: Why a Depression could Happen," Atlantic Monthly, July 1996.<\/p>\n "Full Employment and the Inflation Constraint" in Global Unemployment: Loss of jobs in the 1990s, J.Eatwell ed., Armonk, N.Y.: M.E.Sharpe, 1995.\n <\/p>\n – back to top – <\/a><\/p>\n b) Harder reading:<\/strong><\/p>\n “The Causes of High Unemployment: Labor Market Sclerosis versus Macroeconomic Policy<\/a>,” in Hein, Heise and Truger (eds.), Wages, Employment, Distribution and Growth, Palgrave\/Macmillan: London, forthcoming 2005. Also published in Stanford and Vosko (eds.), Challenging the Market: The Struggle to Regulate Work and Income, McGill-Queens University Press: Montreal & Kingston, 2004.<\/em><\/p>\n “A Post Keynesian Framework for Monetary Policy: Why Interest Rate Operating Procedures are not Enough<\/a>,” in Gnos, C., and L.-P. Rochon (eds), Post Keynesian Principles of Policy, Cheltenham, E. Elgar, forthcoming.<\/p>\n “Asset Based Reserve Requirements: Reasserting Domestic Monetary Control in an Era of Financial Innovation and Instability<\/a>,” Review of Political Economy, 16 (January 2004), 43– 58.<\/p>\n “Government as Employer of Last Resort: Can it Work?<\/a>” Industrial Relations Research Association, 53rd Annual Proceedings, 2001, 269 – 274.<\/p>\n “The Case for Equilibrium Low Inflation: Some Financial Market Considerations with Special Attention to the Problems of Japan<\/a>,” Eastern Economic Journal, 26 (Summer 2000), 277 – 97.<\/p>\n “Life Expectancy and Social Security: Why Longevity Indexing the Social Security Payroll Tax Makes Good Economic Sense<\/a>," Journal of Post Keynesian Economics, 22 (Spring 2000) 507 – 14.<\/p>\n “The U.S. Inflation Process: Does Nominal Wage Inflation Cause Price Inflation, Vice versa, or Neither?<\/a>" Review of Radical Political Economics, 31 (September 1999), 12 – 19.<\/p>\n "The Economics of Social Security: An Old Keynesian Perspective<\/a>," Journal of Post Keynesian Economics, 21 (Fall 1998), 95 112.<\/p>\n "The Myth of Labor Market Flexibility and the Costs of Bad Macroeconomic Policy: U.S. and European Unemployment Explained<\/a>," in S. Lang, M. Mayer, and C. Scherr (eds.), Jobswunder U.S.A., Munster: Westfalisches Dampfboot, 1999.<\/p>\n "The Institutionalization of Deflationary Policy Bias<\/a>," in Advances in Monetary Theory, eds. H. Hagerman and A. Cohen, Kluwer Acadamic Publishers, 1997. Also published in Monnaie et Production, Vol.X of Economies et Societes, 1996, 247 68.<\/em><\/p>\n – back to top – <\/a><\/p>\n<\/blockquote>\n <\/a>Economic Development: <\/font><\/strong><\/p>\n a) Easy reading:<\/strong><\/p>\n Combating the Natural Resource Curse with Citizen Revenue Distribution Funds: Oil and the Case of Iraq<\/a>, Foreign Policy in Focus, January 2004, http:\/\/www.fpif.org\/<\/a> “The Economic Case for International Labor Standards<\/a>,” Cambridge Journal of Economics, 28 (January 2004), 21 – 36.<\/p>\n “External Contradictions of the Chinese Development Model: Export-led Growth and the Dangers of Global Economic Contraction<\/a>,” forthcoming in Journal of Contemporary China, Vol. 15 (46), 2006.<\/p>\n The IMF, Economic Development, and the Promotion of Democratic Open Society<\/a>, expert paper written for the Club de Madrid (former Presidents and Prime Ministers), and presented at the annual plenary meeting, Madrid, Spain, November 2003.<\/p>\n “After Cancun: An Optimistic Case<\/a>,” Challenge, November-December, 2003, 1 -17. Also published as After Cancun: Possibilities for a New North – South Grand Bargain on Trade, Foreign Policy in Focus, December 2003, http:\/\/www.fpif.org\/<\/a> <\/p>\n “Lifting the Natural Resource Curse<\/a>,” Foreign Service Journal, 80 (December 2003), 54 – 61. <\/p>\n “The Case for Oil Revenue Distribution Funds in Iraq<\/a>,” Transparency International Quarterly Newsletter, September 2003, p.11<\/p>\n “Publish What You Pay: Where’s the Money?” Open Society Institute News letter, 2003.<\/p>\n “Does History Repeat? Some Worrying Parallels between Lula Da Silva and Ramsay MacDonald<\/a>,” Momento Economico, 128 (Julio – Augusto 2003), 48 – 51.<\/p>\n “The Child Labor Problem and the Need for International Labor Standards<\/a>,” Journal of Economic Issues, XXXVI (September 2002), 601 – 615.<\/p>\n A New Development Paradigm: Domestic Demand-Led Growth<\/a>, Foreign Policy in Focus, September 2002, http:\/\/www.fpif.org\/<\/a> “The Economic Case for Labor Standards: A Layman’s Guide<\/a>,” Journal of Global Law and Business, 2 (Fall 2001), 183 – 195.<\/p>\n "Toward a New International Economic Order: Goodbye Washington Consensus, Hello Main Street Alternative<\/a>," Dissent, Spring 1999, 48 52.<\/p>\n "Challenging Open Markets: The "Third Way" Involves Making Markets Work for All<\/a>," New Economy, 5 (December 1998), 238 42.<\/p>\n "Working the Supply Side<\/a>," Forum on Egalitarianism in a Global Economy, Boston Review, 22(6), December\/January 1997 98, 13 15.\n <\/p>\n – back to top –<\/a> <\/p>\n b) Harder reading:<\/strong><\/p>\n “Labor Standards, Democracy and Wages: Some Cross-country Evidence<\/a>,” Journal of International Development, 17 (2005), 1 – 16.<\/p>\n “Escaping the Debt Constraint on Growth: A Suggested Monetary Policy for Brazil<\/a>,” Brazilian Journal of Political Economy, 24 (January\/March 2004), 36 – 49.<\/p>\n “Export-led Growth: Is There Any Evidence of Crowding-Out?<\/a>,’ in Arestis et al. (eds.), Globalization, Regionalism, and Economic Activity, Cheltenham: Edward Elgar, 2003.<\/p>\n <\/a>International financial markets & policy:<\/font><\/strong><\/p>\n a) Easy reading:<\/strong><\/p>\n “The Fallacy of the Revised Bretton Woods Hypothesis: Why Today’s International Financial System is Unstable”,<\/a> Public Policy Brief, No. 85, Levy Economics Institute of Bard College, 2006.\n <\/p>\n “Rethinking Trade and Trade Policy: Gomory, Baumol and Samuelson on Comparative Advantage,”<\/a> Public Policy Brief, No. 86, Levy Economics Institute of Bard College, 2006.<\/p>\n “The Economics of Outsourcing: How Should Policy Respond?”<\/a> Public Policy Brief, No. 89, Levy Economics Institute of Bard College, 2007. <\/p>\n “Monetary Policy in a Non-Optimal Currency Union: Lessons for the European Central Bank<\/a>,” in Rochon and Seccareccia (eds), Dollarization: Lessons from Europe and North America, Routledge, 2003.<\/p>\n “Destabilizing Speculation and the Case for an International Currency Transactions Tax<\/a>,” Challenge, (May\/June, 2001), 70 – 89.<\/p>\n “The Economics of Globalization: A Labor View<\/a>,” in Teich, Nelson, McEnaney, and Lita (eds.), Science and Technology Policy Yearbook 2000, American Association for the Advancement of Science, Washington, DC, 2000.<\/p>\n “The Economics of Globalization: Problems and Policy Responses<\/a>,” in Toward Reducing Unemployment, 5th Plenary Session of the Pontifical Academy of Social Sciences, Vatican City, 1999.<\/p>\n "Capital Mobility and the Threat to American Prosperity," Challenge<\/a>, November December 1994, 31 9. <\/p>\n "The Free Trade Debate: A Left Keynesian Gaze<\/a>," Social Research, 61 (Summer 1994), 379 94.<\/p>\n b) Harder reading:<\/strong><\/p>\n “Soros on International Capital Markets and Developing Economies: Multiple Equilibria and the Role of Policy<\/a>,” Eastern Economic Journal, forthcoming.<\/p>\n “Chilean Unremunerated Reserve Requirement Capital Controls as a Screening Mechanism<\/a>,” Investigacion Economica, LXIV (January March 2005), 33 – 52. <\/p>\n “The Economics of Exchange Rates and the Dollarization Debate: The Case Against Extremes<\/a>,” International Journal of Political Economy, 33 (Spring 2003), 61 – 82.<\/p>\n “Sovereign Debt Restructuring Proposals: A Comparative Look<\/a>,” Ethics & International Affairs, 17 (2003), 26 – 33. <\/p>\n “The Economic Case for the Tobin Tax<\/a>,” in Weaver (ed.), Debating the Tobin Tax, New Rules for Global Finance, Washington, DC, 2003.<\/p>\n “Escaping the “Policy Credibility” Trap: Reshaping the Debate Over the International Financial Architecture<\/a>,” Problemas del Desarrollo, 32 (Julio\/Septiembre 2001), 111 – 24. <\/p>\n "Why a Global Currency Union with Fixed Exchange Rates Won’t Work,” in Warner, Forstater, and Rosen (eds.), Commitment to Full Employment: The Economics and Social Policy of William S. Vickrey, M. E. Sharpe: Armonk, N.Y., 2000. <\/p>\n "Speculation and Tobin Taxes: Why Sand in the Wheels can increase Economic Efficiency<\/a>," Journal of Economics, 69 (1999), 113 126.<\/p>\n "International Finance and Global Deflation: There is an Alternative<\/a>,"in J.Grieve Smith and J.Michie (eds.), Global Instability: The Political Economy of World Economic Governance, Oxford: Oxford University Press, 1999.<\/p>\n "European Monetary Union: An Old Keynesian Guide to the Issues<\/a>," Banco Nazionale del Lavoro Quarterly Review, 201 (June 1997), 147 65.<\/p>\n\n
Also published as “Domestic Demand-Led Growth: A New Paradigm for Development,” in After Neo-liberalism: Economic Policies That Work for the Poor, in Jacobs, Weaver and Baker (eds.), New Rules for Global Finance, Washington, DC, 2002.<\/em><\/li>\n\n
\n Economic development<\/a><\/font>
\n International financial markets and policy<\/a><\/font>
\n Labor markets and policy<\/a><\/font>
\n Macroeconomic theory<\/a><\/font>
\n Other<\/a><\/font>\n <\/p>\n<\/blockquote>\n\n
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\n Also published as “Oil and the Case of Iraq,” Challenge, May – June, 2004, 94 – 112.<\/em><\/p>\n
Also published as “Domestic Demand-Led Growth: A New Paradigm for Development,” in After Neo-liberalism: Economic Policies That Work for the Poor, in Jacobs, Weaver and Baker (eds.), New Rules for Global Finance, Washington, DC, 2002.<\/em><\/p>\n
\n – back to top –<\/a> <\/p>\n<\/blockquote>\n\n