Challenge

2001 - 2009

from M.E. Sharpe, Inc.
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Letter from the Editor pp. 3-5: Jeff Madrick
On the Need for Professional Economic Ethics pp. 6-15: George DeMartino
Honesty and Integrity in Academic Economics pp. 16-24: Thomas Mayer
Rhetoric Matters pp. 25-31: Deirdre McCloskey
America's Response to a Deep Recession pp. 32-52: Robert Blendon and John Benson
Macroeconomic Policy Challenges and Choices in a Time of Crises pp. 53-93: Allen Sinai
The Great Depression, the New Deal, and the Current Crisis pp. 94-105: Alexander Field
An Ode on Poverty pp. 106-108: S. Subramanian
Review pp. 109-113: Tapia Granados, JosÃ© A.
Recovery? pp. 114-119: Mike Sharpe

Letter from the Editor pp. 3-4: Jeff Madrick
Iceland as Icarus pp. 5-33: Robert Wade
Their Great Depression and Ours pp. 34-51: James Livingston
How to Fight (or Not to Fight) a Slowdown pp. 52-75: Eckhard Hein and Achim Truger
Widening Inequality Combined with Modest Growth pp. 76-91: Benjamin M. Friedman
Has the Rise in American Inequality Been Exaggerated? pp. 92-120: Robert J. Gordon
>i>The Great Financial Crisis: Causes and Consequences>/i>, by John Bellamy Foster and Fred Magdoff pp. 121-129: Michael Meeropol
Postscript on the G20 Summit pp. 130-132: Mike Sharpe

Letter from the Editor pp. 3-4: Jeff Madrick
Macroeconomic Policy Challenges and Choices in a Time of Crises pp. 5-35: Allen Sinai
Bailouts, Buy-Ins, and Ballyhoo pp. 36-54: Robert Hockett
Bailing Out the World's Poorest pp. 55-80: Martin Ravallion
The Limits of Work-Based Social Support in the United States pp. 81-114: Heather M. Boushey and Chris Tilly
Children of the New Millennium: Big Government, the Predator State, and Stagflation pp. 115-123: Mark Skousen
What Keynes Knew pp. 124-131: Mike Sharpe

Letter from the Editor pp. 3-4: Jeff Madrick
Avoiding Another Meltdown pp. 5-26: James R. Crotty and Gerald Epstein
The Economic Crisis and the Developing World: What Next? pp. 27-39: Robert Wade, Ocampo, JosÃ© Antonio and Kevin Gallagher
The Free Market Versus a Regulating Government pp. 40-46: Amitai Etzioni
Global Climate Policy and Climate Justice: >i>A Feminist Social Provisioning Approach>/i> pp. 47-66: Marilyn Power
You Can Eat Your Cake and Have It, Too pp. 67-86: Christian E. Weller
A Challenge to Washington Think Tanks pp. 87-96: Murray Weidenbaum
Paul R. Krugman, Recipient of the 2008 Nobel Prize in Economics: An Appreciation pp. 97-107: Robert C. Feenstra
Reviews pp. 108-112: Pedro Nicolaci da Costa
The Revolution of November 4, 2008 pp. 113-115: Mike Sharpe

Letter from the Editor pp. 3-5: Jeff Madrick
Policy and Security Implications of the Financial Crisis: >i>A Plan for America>/i> pp. 6-25: James K. Galbraith
The U. S. Economy After Bush pp. 26-37: Thomas Palley
Economics Still Matters to Poorer Voters pp. 38-51: Larry Bartels
Money Manager Capitalism and the Commodities Market Bubble pp. 52-80: L. Randall Wray
Reconciling Development, Global Climate Change, and Politics pp. 81-90: Jay Mandle
Rethinking Fiscal Policy pp. 91-104: Thomas Michl
The World Bank's New Poverty Estimates: >i>Digging Deeper into a Hole>/i> pp. 105-112: Sanjay G. Reddy
Questioning Bangladesh's Microcredit pp. 113-121: Rafiqul Islam Molla, Md. Mahmudul Alam and Abu N. M. Wahid
The Case for Government pp. 122-123: Mike Sharpe

Letter from the Editor pp. 3-4: Jeff Madrick
A Slow-Motion Recession: What Congress Can Do to Help pp. 5-19: Eileen Appelbaum, Dean Baker and John Schmitt
The Fallacy of Sustainable Production of Biofuel Feedstock: You >b>Are>/b> Putting a Tiger in Your Tank pp. 20-39: Timothy Dittmer and Charles Wassell
The Corrosive Qualities of Inequality: The Roots of the Current Meltdown pp. 40-64: Michael Perelman
How Much Defense Can We Afford? pp. 65-69: David Gold
Trading of Innovations to Combat Globalization and Climate Change pp. 70-83: Balkrishna C. Rao, Anantha Sundararajan and Shrikanth C. Rao
Is the WTO a Threat to the Environment, Public Health, and Sovereignty? pp. 84-102: Trish Kelly
Global Trade and Financial Governance Together pp. 103-122: Barry Herman
Will the New York Times Be Next? pp. 123-127: Dan Fraenkel
Super-Bubble pp. 128-130: Mike Sharpe

Letter from the Editor pp. 3-4: Jeff Madrick
The Future of Inflation Targeting pp. 5-22: Adam S. Posen
The First-World Debt Crisis of 2007-2010 in Global Perspective pp. 23-54: Robert Wade
What Can We Really Learn from Growth Regressions? pp. 55-69: RodrÃguez, Francisco
The State as Strategic Manager? pp. 70-88: Dan Breznitz and Carsten Zimmermann
A New Dream of Europe? Invest in People! pp. 89-109: GÃ¼nther Schmid
Crude Oil Prices: >i>"Market Fundamentals" or Speculation?>/i> pp. 110-118: Paul Davidson
Reviews: Trade Theory Dissidents pp. 119-126: William Milberg

Letter from the Editor pp. 3-4: Jeff Madrick
Americans Worry: >i>How They View Their Lives in an Economic Downturn>/i> pp. 5-26: Robert Blendon and John Benson
What We're In For: >i>Projected Economic Impact of the Next Recession>/i> pp. 27-42: John Schmitt and Dean Baker
Securitization, Liquidity, and Market Failure pp. 43-56: Paul Davidson
The Great Divergence: >i>Real-Wage Growth of All Workers Versus Finance Workers>/i> pp. 57-79: Andrew Sum, Paulo Tobar, Joseph McLaughlin and Sheila Palma
Lessons from Behavioral Economics pp. 80-92: Robert Frank
Losing Faith in the Dollar: >i>Can It Remain the World's Dominant Reserve Currency?>/i> pp. 93-114: Robert Carbaugh and David Hedrick
Racism and Polite Conversation pp. 115-115: Mike Sharpe

Pusillanimous Stimulus pp. 3-6: Jeff Madrick
Hard Times pp. 7-9: Mike Sharpe
Public Investment as Stimulus pp. 10-12: Lawrence Mishel
Why Thinking Like an Economist Can Be Harmful to the Community pp. 13-26: Stephen Marglin
What Sustainability Should Mean pp. 27-39: Mary C. King
Lessons from the Subprime Meltdown pp. 40-68: L. Randall Wray
The Interest Rate Channel in the New Monetary Policy Framework pp. 69-84: Alvaro Angeriz, Philip Arestis, John SL McCombie and Warren Mosler
EMU Convergence: Reason for Encouragement pp. 85-96: Robert Dunn
Mitterrand's Turn to Conservative Economics: A Revisionist History pp. 97-109: Bliek, Jean-Gabriel and Alain Parguez

Letter from the Editor pp. 3-4: Jeff Madrick
The Decline of Good Jobs: >i>How Have Jobs with Adequate Pay and Benefits Done?>/i> pp. 5-25: John Schmitt
The Importance of Accounting for Job Quality: >i>Charting U.S. Economic Performance with Alternative Labor Market Indicators>/i> pp. 26-44: David R. Howell and Mamadou Diallo
The Erosion of Middle-Class Economic Security After 2001 pp. 45-68: Christian E. Weller
The Crisis of the European Union: >i>Weakening of the EU Social Model>/i> pp. 69-77: Vincent Navarro and John Schmitt
The Squandering of America's Assets pp. 78-90: Robert Kuttner
Understanding the Credit Crunch as a Minsky Moment pp. 91-109: Charles Whalen
A Sick Society pp. 110-115: Mike Sharpe