Richard Samans

Unanimous court decision should prompt a fundamental rethinking of the Administration's trade deficit strategy open.substack.com/pub/rsamans/p/…

the poster child for this phenomenon among advanced countries. Remedying such deficiencies often strengthens growth, too. Pursuit of such win-win opportunities on a systematic basis is the path beyond neoliberal, trickle-down economics link.springer.com/book/10.1007/9… #Economics

The US Labor Day holiday is a reminder that just as an economy can have an output gap so it can have a significant social "welfare gap" defined as underperformance on one or more dimensions of household living standards relative to countries with similar GDP per capita. The US is

Based on the first principles they laid down, I’ve published a new book, HUMAN-CENTRED ECONOMICS: THE LIVING STANDARDS OF NATIONS, that proposes a concrete alternative to the prevailing GDP-focused #neoliberal or “Washington Consensus” paradigm: link.springer.com/book/978303137… (3/3)

J.S. Mill and Alfred Marshall, merit reconsideration. Their conception of growth and development—indeed their expectation of how what we today call #macroeconomics would develop—contrast starkly with contemporary pedagogy and policy practice. . . (2/3)

Did you know that Adam Smith was a heterodox economist by modern standards? At a time when #AI , #climatechange and #inequality are posing major challenges to economies, his legacy and that of the two most influential 19th century pioneers of liberal political economy . . (1/3)