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economic history



  • What Liberals Get Wrong About Work

    by Michael J. Sandel

    Michael Young, who coined the term meritocracy in the late 1950s—and who used it as a pejorative—observed four decades later: “It is hard indeed in a society that makes so much of merit to be judged as having none. No underclass has ever been left as morally naked as that.”



  • It Didn’t Have to Be Like This

    The New Deal, per historian Eric Rauchway, illustrates the relationship between the American economy and American democracy.



  • The Great Depression, Coronavirus Style: Crashes, Then and Now

    by Nomi Prins

    Monetary policy responses to the current crisis can't fix either the structural problems that make the economy vulnerable to severe disruption or the virus and public health crisis that underlie that disruption. Governments must choose to take coordinated action on multiple fronts. 



  • The Unluckiest Generation In U.S. History

    Economic data suggest that Millennials aren't just complaining. Their early years on the job market have been affected by the Great Recession and COVID and seen less growth than any other generation.



  • Is Capitalism Racist?

    Nicholas Lemann considers Walter Johnson's new book The Broken Heart of America in light of recent debates among historians about the relationship of slavery, capitalism and racism.