There is continued coverage of research findings by Dania Francis, economics and Afro-American studies, that between $3.7 and $6.6 billion has been lost from dispossession of black-owned agricultural land in the South. (Esquire, 8/14/19)
Kartik Misrak, PhD candidate in economics, has been accepted for publication of his paper, “Does Historical Land Inequality Attenuate the Positive Impact of India’s Employment Guarantee Program?” in the World Development today.
Economist James K. Boyce explains how to fight climate change and rising income inequality in one shot. (Institute for New Economic Thinking, 7/30/19)
Dania Francis, economics and Afro-American studies, was part of a research team studying the financial loss resulting from the dispossession of black-owned agricultural land in the South. The team estimates the loss, including property and income, at between $3.7 and $6.6 billion in today’s dollars. (The Atlantic, 9/13/19)
A columnist quotes David Kotz, professor emeritus of economics, who says the current trade war started by Pres. Donald Trump has destabilized the U.S. economy and led to a 5.5 percent drop in gross private domestic investment. (Common Dreams, 8/13/19)
A news story on efforts to raise the federal minimum wage includes comments from Arindrajit Dube, economics, one of the authors of a recent study of 138 minimum wage increases in the U.S. between 1979 and 2016. “What we found was that these policies have the intended consequences of raising wages at the bottom” of the income scale and “have some degree of spillover beyond the minimum wage,” Dube says. “At the same time there is no overall evidence we found that the number of low-wage jobs are actually reduced.” He says the researchers didn’t find adverse impact on employment. (U.S. News & World Report, 8/9/19; News Office release)