Over the last five decades, an empirical revolution in economics has undermined many of the assumptions of “neoliberalism,” the reigning approach to economic policy. Many of the guiding assumptions underlying neoliberal policymaking no longer speak to what is going on in the economy or our country more broadly. In “The Empirical Failures of Neoliberalism,” Roosevelt

Measured conventionally, very little about today’s politics makes sense. Many attempts to explain the chaos point to political partisanship or regional animosity, but we believe that the chaos is a sign of something deeper: the death of one worldview and the ascent of another. The neoliberal ideal—that markets would create both economic and political freedom

The idea of “free college” has assumed an important place in the world of big and bold new policy ideas. However, it’s become an umbrella phrase for a variety of different policy proposals with very different terms and conditions. A free college plan can reinforce progressive values—reducing racial disparities, supporting democracy, and building a more

As policymakers consider free or debt-free college plans, it is critical that they recognize that today higher education is essential and that the federal government can play a vital role in ensuring that quality higher education is broadly accessible. Many current free or debt-free college proposals share a similar structure of creating federal-state partnerships, but

For decades, literature on the international dimension of tax injustice has focused on the conflict between tax havens and developed welfare states. The Panamas and Cayman Islands of the world helped rich individuals and corporations shield their assets from tax collectors, largely unchallenged before the financial crisis because states were unable or unwilling to build

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Today’s pharmaceutical industry is failing most Americans. The structure of laws, regulations, and institutions that shape corporate decision-making drive runaway profits rather than improve patient health. Transforming this broken system requires using the tools of government in expansive ways—a “one-two punch”—by reining in the industry’s extractive practices through stiffer market regulation and deploying the power

Economists have had a long predilection for price interventions to correct market failures. Recognizing the importance of the second-best nature of economies, the Stern-Stiglitz High-Level Commission on Carbon Prices report (2017) departed from the recommendation of a single carbon price for all uses at all places and all times. In a Roosevelt working paper, Roosevelt

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The US economy has been structured by rules that either privilege or exploit people based on their race. Our nation’s legacy of implicit and explicit racial exclusions continue to have a deep impact on who is able to meaningfully participate and profit in the current American economy and who is left behind. The racialized policy

We’ve known about climate change for an entire generation, yet decades of research about the climate crisis and the threat it poses have largely fallen silent in Washington. Recently, this has begun to change. Led by youth activists and environmental justice groups, environmental politics are swiftly shifting. Rather than offering tweaks to the existing system,

Today’s pharmaceutical industry is failing most Americans. Every day, a new story emerges about an outrageous price spike for a lifesaving drug, a fraud perpetrated on the American people in the name of profit, or the revolving door of administration officials entering an agency from a drug company or leaving to go to one—a practice