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PERI Announces: October 2011

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Léonce Ndikumana Joins PERI as Director of New African Development Policy Program

NdukimanacoverWe are pleased to announce the inauguration of the Andrew Glyn Professorship in the Department of Economics and the Political Economy Research Institute, and the appointment of Léonce Ndikumana as the first Glyn Professor of Economics.

This position honors the life work of Andrew Glyn, who was a rigorous, pathbreaking, socially committed and renowned economist and member of the economics faculty at Oxford University for 38 years. Andrew died in 2007 at the too-young age of 64. His life's work continues to serve as an exemplar for
many of us at the UMass Economics Department and PERI.

Léonce Ndikumana was a member of the UMass Economics Faculty from 1996 to 2008, when he stepped down as a tenured Associate Professor. He held the position of Head of Macroeconomics Research at the United Nations Economic Commission for Africa from 2006 to 2008, and he served as Research Director at the African Development Bank from 2008 to 2011.

Please join us for a lecture and reception in honor of the life's work of
Andrew Glyn, and the appointment of Professor Ndikumana

Monday, November 7, 2011 at 4:00 pm
Gordon Hall
418 N. Pleasant Street
Amherst, MA

Professor Ndikumana joins PERI just as his new book, co-authored with James K. Boyce, is released. In Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent, Boyce and Ndikumana document the flight of $735 billion from sub-Saharan Africa from 1970 to 2008, and argue that African governments should repudiate ‘odious debts’ from which their people derived no benefit, and that the international community should assist in this effort.

>> Read more about Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent
>> Order Africa's Odious Debts from Zed Books
>> Watch the Real News Network interview with Professors Boyce and Ndikumana
Recent Policy Studies from PERI

A Policy Framework for Advancing Productive Investments and Clean Energy throughout the U.S. Economy
Robert Pollin considers how to promote productive investments in the United States, especially those that advance a clean-energy economy. He looks at three issues related to federal industrial policy: 1) the 'crowding-in' of private investments that will accrue from public ones; 2) how we might re-focus current successful industrial policies; and 3) developing cooperative and community ownership models so as to provide alternatives to the private corporation.

cutsState and Municipal Alternatives to Austerity

In response to the recession, state and local governments are cutting taxes, slashing wages and benefits for public workers, or even selling off state-owned facilities. In this article in New Labor Forum, Robert Pollin and Jeffrey Thompson argue that these are not the only possible responses to the crises, and propose alternatives that can close the budget gaps, promote a sustainable recovery, and help insulate state and local government budgets from the effects of recessions.

U.S. Government Deficits and Debt Amid the Great Recession: What the Evidence Shows
Robert Pollin examines three sets of major issues regarding the current federal deficit and debt, the recession, and the 2009 stimulus. Critics of the stimulus program claimed that it would drive up interest rates and inflationary pressures and dramatically increase the debt burden. Pollin shows that these outcomes haven't occurred. He considers why the stimulus didn't achieve more to revitalize the economy, and proposes policies for fighting mass unemployment and reducing structural deficits.

Other Recent Publications from PERI

Deepankar Basu
Relative Mortality Improvements as a Marker of Socio-Economic Inequality across the Developing World

Jane D'Arista
Reregulating and Restructuring the Financial System

Kevin Gallagher
Trading Away Stability and Growth: United States Trade Agreements in Latin America

Jayati Ghosh, James Heintz and Robert Pollin
Speculation on Commodities Futures Markets and Destabilization Of Global Food Prices

Tim Koechlin
Wrong Deficit Jobs, Deficits, and the Misguided Squabble over the Debt Ceiling

C.J. Polychroniou
An Unblinking Glance at a National Catastrophe and the Potential Dissolution of the Eurozone: Greece's Debt Crisis in Context

Jeff Thompson and Timothy Smeeding
Inequality in the Great Recession: The Case of the United States

Christian E. Weller
What Does the Literature Tell Us About the Possible Effect of Changing Retirement Benefits on Public Employee Effectiveness?

Commentary from PERI Authors

James K. Boyce on TripleCrisis
How Capital Flight Drains Africa: Stolen Money and Lost Lives

James K. Boyce on TripleCrisis
Environmentalism's Original Sin

Gerald Epstein on TripleCrisis
Watch Your Health and Your Pocketbook: A Bi-Partisan Scheme for Regulatory Deform

Gerald Epstein on TripleCrisis
A First Ever Default? Closing the Gold Window, Forty Years On

Heidi Garrett-Peltier in Dollars & Sense
The E.P.A.: A Phantom Menace

Jeannette Wicks-Lim in Dollars & Sense
Wal-Mart Makes the Case for Affirmative Action

PERI in the News

In recent month's PERI economists and their work have been featured in The Guardian, the Boston Herald, Huffington Post, The Wall Street Journal, Forbes, The Boston Globe, The Nation, Fox Business, The Christian Science Monitor, National Catholic Reporter, and The New York Times.

For the complete list, please go to the PERI in the News web page.

PERI and the Real News: video interviews on timely topics in economics

James Boyce and Léonce Ndikumana
The human cost of Africa's odious debts

James Boyce
The climate justice imperative and current politics

Gerald Epstein
The future of capitalism and the global economic crisis

Gerald Epstein
The Standard & Poors downgrade and the sub-prime mortgage crisis

Heidi Garrett-Peltier
How bike and pedestrian infrastructure creates jobs

Jayati Ghosh
How speculation has driven up wheat prices

Robert Pollin
Obama's plan to create jobs

Robert Pollin
Requirements for banks to invest in productive activities

Robert Pollin
How Wall Street speculation is driving up gas prices

Robert Pollin
The debt ceiling, interest payments, and the long-term debt (5 segments)

Jeff Thompson
Why the gap between the rich and the non-rich matters

PERI IN FOCUS
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