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 global fight over how—and where—to tax the new digital economy is raging on. Just last week, the Office of the US Trade Representative (USTR) published the conclusions from its investigation into France’s new tax on large tech companies, such as Apple, Facebook, and Google. The USTR found that the French tax discriminates against US

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

Today is Black Friday, the start of the holiday shopping season. Retail workers will leave their Thanksgivings early—if they enjoy one at all—to start long shifts for too little pay in order to support the consumer binging that is America’s holiday season. The deals for shoppers may be sweet, and the profits for companies will

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

For the first time in our history, the climate crisis and how to combat it is the issue dominating the presidential debate. Many Democratic candidates have released climate proposals that seek to reduce carbon emissions in order to align with recommendations made by the Intergovernmental Panel on Climate Change (IPCC). Progressives should applaud the collective

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

For decades, regulators have had only limited success in taming a for-profit college industry that routinely defrauds students, inflates prices, and produces devastatingly bad outcomes for student loan borrowers. But recently, instead of promoting complex regulatory schemes, some policymakers have offered a simple solution: take away for-profit colleges’ federal subsidies. Today, Rep. Pramila Jayapal (D-WA)

Thank you, Chairwoman Maloney and Ranking Member Huizenga, for inviting me to speak today. It is an honor to be here. My name is Lenore Palladino, and I am Assistant Professor of Economics & Public Policy at the University of Massachusetts Amherst, a Fellow at the Roosevelt Institute, and Research Associate at the Political Economy