Culminating in a 2024 report, the Levy Institute (Zacharias, Rios-Avila, Folbre, and Masterson) conducted research commissioned by the Bureau of Labor Statistics (BLS) to develop a methodology to integrate home production (unpaid household labor like cooking, cleaning, and caring for children) into the BLS measure of household consumption. Senior Scholar Ajit Zacharias and Research Associate İpek Ilkkaracan sit down to discuss this research and its potential applications in the US and abroad.
Applications for the Levy Institute Graduate Programs in Economic Theory and Policy are open. For more information and to start your application, please visit: https://www.bard.edu/levygrad/. The deadline to apply is April 15, 2025.
Further reading:
Integrating Nonmarket Consumption into the Bureau of Labor Statistics Consumer Expenditure Survey, by A. Zacharias, F. Rios-Avila, N. Folbre, and T. Masterson
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Episode 4: Lord Robert Skidelsky
Levy Institute President Pavlina R. Tcherneva sits down with Lord Robert Skidelsky to discuss his new book, Mindless. Their conversation spans Skidelsky's roots in economics, his studies as biographer of John Maynard Keynes, and a revisit of the "Economic Possibilities for Our Grandchildren." Be sure to listen and join the conversation through your favorite podcast listening service.
The early application deadline for the Levy Institute Graduate Programs in Economic Theory and Policy is January 15, 2025. For more information and to start your application, please visit: https://www.bard.edu/levygrad/
Further Readings:
Levy Institute Working Paper No. 1073 "Frankenstein in Fact and Fiction" | Lecture at Bard College (View Lecture), November 19, 2024 by Robert Skidelsky
Mindless: The Human Condition in the Age of Artificial Intelligence, by Robert Skidelsky
John Maynard Keynes, by Robert Skidelsky
Keynes: The Return of the Master, by Robert Skidelsky
What's Wrong with Economics?, by Robert Skidelsky
How Much Is Enough?, by Robert Skidelsky
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Episode 3: L. Randall Wray
John Harvey sits down with Senior Scholar Randy Wray to discuss Social Security, what people misunderstand about the implications of aging societies, and his unorthodox path to becoming an economist.
The Levy Institute Graduate Programs in Economic Theory and Policy
31st Annual Levy Economics Institute Conference May 2, 2024
Recommended readings:
“The Unbearable Weight of Aging” L. Randall Wray
“Wampeters, Foma, and Granfalloons: Enabling Myths and Not-So-Innocent Frauds” L. Randall Wray
“Subway Tokens and Social Security” L. Randall Wray
“Can the Social Security Trust Fund Contribute to Savings?” L. Randall Wray
“Abolish Taxes” L. Randall Wray
“An Irreverent Overview of the History of Money from the Beginning of the Beginning through to the Present” L. Randall Wray
Money for Beginners L. Randall Wray
Understanding Modern Money L. Randall Wray
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Episode 2: Pavlina R. Tcherneva
John Harvey, Professor and Hal Wright Chair of Economics at Texas Christian University talks with Levy Research Scholar and Director of the Bard Economic Democracy Inititiative, Pavlina R. Tcherneva, regarding Modern Monetary Theory and the case for a job guarantee.
Recommended readings:
The Case for a Job Guarantee, Pavlina Tcherneva
"Seismic shifts in economic theory and policy: From the Bernanke Doctrine to Modern Money Theory," Pavlina Tcherneva and Eric Tymoigne
"Unemployment: The Silent Epidemic," Pavlina Tcherneva
The Lost Cause, Cory Doctorow
“Japanese Monetary Policy: A Case of Self-Induced Paralysis?” Ben Bernanke
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Episode 1: James K. Galbraith
Our inaugural episode, hosted by John Harvey, Professor and Hal Wright Chair of Economics at Texas Christian University. Harvey sits down for an in-depth conversation with James K. Galbraith regarding the state of the economics discipline, central bank policy, and more.
Recommended readings:
"In Defense of Low Interest Rates," Policy Note by James K. Galbraith
The Poverty of the World, by Sheyda F. A. Jahanbani
The Age of Uncertainty, by John K. Galbraith
The Anatomy of Power, by John K. Galbraith
A podcast produced by the Levy Economics Institute of Bard College where we create and share conversations in economics and public policy that move beyond the conventional approaches.
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