Economics

"'We will not see a rapid economic recovery because the problems of the American economy are structural,' said LBJ's James Galbraith, author o

A pandemic may be represented as a "natural disaster." A global depression is, however, the product of ideology and powerful political actors, write LBJ's James Galbraith and Albena Azmanova.

A pandemic may be represented as a "natural disaster." A global depression is, however, the product of ideology and powerful political actors, write LBJ's

We now learn that the mismanagement of containment is not a bug, but a feature of policy. This presents us with a stark choice, write LBJ's James Galbraith and Albena Azmanova .

We now learn that the mismanagement of containment is not a bug, but a feature of policy.

LBJ's James Galbraith on the just how rocky we should expect the road to recovery to be.

LBJ's James Galbraith on the just how rocky we should expect the road to recovery to be.

The United States has built an economy based on global demand for advanced goods, consumer demand for frills, and ever-growing household and business debts. This economy was in many ways prosperous, and it provided jobs and incomes to many millions. Yet it was a house of cards, and COVID-19 has blown it down, writes LBJ's James Galbraith.

We need a radically different model to deal with the COVID-19 crisis, writes LBJ's James Galbraith.

The COVID-19 pandemic places the United States at a crossroads. Rather than a return to deadly normalcy, it is on the contrary important to tackle the transformation of our production systems and put an end to the cult dedicated to the market. LBJ's James Galbraith and Albena Azmanova of the University of Kent's Brussels School of International Studies offer their thoughts.