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L. Randall Wray

L. Randall Wray

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L. Randall Wray is Professor of Economics at Bard College and a senior scholar at the Levy Economics Institute.

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  1. The Myth of “Helicopter Money”
    nersisyan1_IronHeartGetty Images_USDmoneycash IronHeart/Getty Images

    The Myth of “Helicopter Money”

    Apr 20, 2020 Yeva Nersisyan & L. Randall Wray clarify what Modern Monetary Theory does and does not imply about government spending in the current crisis.

  1. mazzucato44_Ian ForsythGetty Images_keirstarmer Ian Forsyth/Getty Images
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    Toward a Progressive Economic Agenda

    Mariana Mazzucato

    Past policy failures and unmet populist promises represent an opportunity for progressive leaders. But to win power, they must articulate a coherent alternative economic-policy program, focusing not only on redistribution but also on wealth and value creation.

     offers a five-pronged policy blueprint for the left to counter populism and recover electoral relevance.
  2. yergin4_Oleg NikishinNewsmakers_gorby Oleg Nikishin/Newsmakers
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    The Gorbachev Diagnosis

    Daniel Yergin revisits a 2001 interview with the former Soviet leader to consider where things went awry for Russia.
  3. ostry5_Gary HershornGetty Images_shipping Gary Hershorn/Getty Images
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    The Canary in the Inflation Coal Mine

    Jonathan D. Ostry explains why central banks should pay much greater attention to shipping costs.
  4. fihn2_Wiktor SzymanowiczFuture Publishing via Getty Images_nuclearprotest Wiktor Szymanowicz/Future Publishing via Getty Images
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    The Crumbling Nuclear Taboo

    Beatrice Fihn urges countries to refrain from responding to Russia's nuclear threats with nuclear threats of their own.
  5. furman10_DANIEL LEALAFP via Getty Images_UKeconomy Daniel Leal/AFP via Getty Images
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    The Trussonomics Warning

    Jason Furman explains why all policies intended to help one group must nowadays come at the expense of other groups.
  6. khrushcheva159_ MIKHAIL METZELSPUTNIKAFP via Getty Images_putin speech MIKHAIL METZEL/SPUTNIK/AFP via Getty Images
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    The Kremlin’s Suicidal Imperialism

    Nina L. Khrushcheva argues that the illegal annexation of four more Ukrainian territories will handicap future Russian leaders.
  7. nye234_ Chris McGrathGetty Images_ukraine war Chris McGrath/Getty Images
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    What Caused the Ukraine War?

    Joseph S. Nye, Jr.

    Amid heated debates about the factors that led Russia to invade Ukraine on February 24, 2022, it helps to distinguish between deep, intermediate, and immediate causes. But while each can matter in their own ways, war need not be considered inevitable even when they are all present.

     considers the deep, intermediate, and immediate factors behind Russia’s invasion.
  8. acemoglu53_Lea SuzukiThe San Francisco Chronicle via Getty Images_google Lea Suzuki/The San Francisco Chronicle via Getty Images
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    Why Businesses Misbehave

    Daron Acemoglu thinks narratives about heroic entrepreneurs and villainous tycoons are a distraction from what matters most.
  9. GettyImages-534928704
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    J. Bradford DeLong on US inflation, redistribution, economic dogma, and more

    J. Bradford DeLong explains how the US Federal Reserve is undermining market and investor confidence, urges US Democrats to uphold supply-side progressivism, and proposes a straightforward approach to addressing the problems of distribution and utilization.

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