Block granting is the process of redirecting federal funds to states, which then have sole control over how that money is allocated. States can lift federal restrictions on how the money should be spent. This policy choice can have deeply pernicious effects and often serves as a back door for slashing the budgets of social

The global economic and political order that was created in the aftermath of World War II is under attack by President Trump. That order has been of enormous benefit to the entire world. The international institutions and arrangements that have been created the last seventy years have, I believe, played an important role in these

“Markets, States, and Institutions” highlights how our thinking about this subject has changed over the past third of a century; and to provide an overarching framework into which these changes can be placed—a framework that both helps explain why the approaches taken in the past have been less successful than was hoped in promoting development,

It is apparent that not only are there high levels of inequalities within most countries, but those inequalities have been growing over time. They are much larger today than they were a third of a century ago. It is also clear that there is far from equal opportunity: the life prospects of children of rich and

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Designing the twenty-first-century welfare state is part of a broader debate redefining the role of the market, the state, and “civil society”—non-state forms of collective action. One of the tenets of the Reagan-Thatcher revolution was questioning the welfare state. Some worried that the financial burdens of the welfare state would drag down growth. Some worried

In response to the 2007-08 Financial Crisis that cost the United States more than $20 trillion, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010 with the aim of overhauling the dysfunctional regulatory regime. In the years since, the wide-reaching reforms mandated by Dodd-Frank have provided key protections to

Among all social groups in the United States, women of color experience some of the starkest disparities, inequities, and injustices across nearly every social and economic indicator. Compared with white women, women of color have higher levels of unemployment and poverty; they have significantly less wealth; they are more likely to be targeted by and

Providing cash directly to individuals has often been met with criticism, suspicion, and fear: the thinking goes that people who need financial assistance are not to be trusted, as their financial position reflects a moral failing rather than a societal one. These objections to cash transfer programs are rooted more in myth than empirical evidence.

The United States is currently facing two ominous threats: climate change and economic and social inequality. The climate movement has made enormous headway in highlighting the connections between the two, but we must go even deeper if we hope to make progress on both fronts. The objective of Boiling Points: The Inextricable Links Between Inequality

Social scientists have traditionally struggled to identify clear links between political spending and congressional voting, and many journalists have embraced their skepticism. A giant stumbling block has been the challenge of measuring the labyrinthine ways money flows from investors, firms, and industries to particular candidates. Ferguson, Jorgensen, and Chen directly tackle that classic problem in