Barry Z. Cynamon and Steven M. Fazzari, researchers on consumer behavior and how it effects the economy, wrote an op-ed for the St. Louis Post Dispatch in October 2007 in which they predicted that an end to the relentless trend of rising household debt and a subsequent crash in household spending could lead to a killer U.S. recession.
After doing without a sociology department for nearly 25 years, Washington University in St. Louis has reinstated the department and chosen a longtime faculty member at the institution, Steven Fazzari, to be its first chair.
Steven Fazzari, PhD, a leading scholar on the relationship between rising income inequality and macroeconomic trends in the United States, will chair the recently re-established Department of Sociology in Arts & Sciences at Washington University in St. Louis, Barbara A. Schaal, PhD, dean of the Faculty of Arts & Sciences, has announced.
Washington University in St. Louis is re-establishing its sociology department after a nearly 25-year hiatus, Barbara A. Schaal, PhD, dean of the Faculty of Arts & Sciences, has announced.
What Unions No Longer Do shows in detail the consequences of labor's decline: curtailed advocacy for better working conditions, weakened support for immigrants' economic assimilation, and ineffectiveness in addressing wage stagnation among African Americans.
New York Times article "The Middle Class is Steadily Eroding" based on research by Sociology department chair Steve Fazzari.
Income inequality has emerged as a central fact of the modern U.S. economy, one that President Obama is expected to denounce as a growing threat to the American dream of upward mobility in his State of the Union address next week.The paper by Barry Z. Cynamon and Steven M. Fazzari says that stagnant income for the “bottom 95 percent” of wage earners makes it impossible for them to consume as they did in the years before the downturn.
Professor Mark Rank talks about poverty in America is mainstream.
David Cunningham demonstrates that the Klan organized most successfully where whites perceived civil rights reforms to be a significant threat to their status, where mainstream outlets for segregationist resistance were lacking, and where the policing of the Klan's activities was lax.
This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus.