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I have a new paper out! "Should Social Insurance Programs Count as Wealth? Augmented Wealth in Research and Policy." Published yesterday in Socio-Economic Review @SASE_Meeting doi.org/10.1093/ser/mw…
Robert Manduca
@robertmanduca
Assistant Professor, @UMSociology. Research on cities and inequality. All personal problems are structural problems.
1.1K Following 1.7K Followers 2.4K Posts
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Appreciate the engagement from @oren_cass -- sounds like we agree on the extent to which many communities depend economically on Medicaid, SNAP, and other transfer programs. The question is how to move forward
This is the inevitable endpoint of an economic model that concentrates gains in a narrow set of sector and geographies and then promises that the "winners can compensate the losers." Huge swathes of the country literally become "exporters of need," depending upon their eligibility for government transfers to keep their economies going.View quoted post on X
Economists will score this as successful -- look, consumption went up! But it is totally unsustainable, economically and politically. That's not an argument against a strong safety net, it's an argument against a politics that treats a strong safety net as somehow the equivalent of, or a plausible alternative to, an economy that spreads investment and production widely.
New working paper alert! Posted at @equitablegrowth, it investigates the economic geography of social transfer programs and financial income--with implications for the Medicaid and SNAP cuts proposed in the reconciliation bill 👀
equitablegrowth.org/working-papers…
equitablegrowth.org Financial and Transfer Income as Components of the Regional Economic Base Government transfers and financial income form a major component of the basic sector in the United States. equitablegrowth.org/working-papers…
Cool!
Trending in #PoliSci:
ooir.org/index.php?fiel…
1) False consensus belief & populist attitude (@journal_pops)
2) Cultural Origins of Populism (@the_jop)
3) Social insurance = wealth?
4) Partisan sorting & Supreme Court legitimacy (@AJPS_Editor)
5) What's woke? (@Res_Pol)View quoted post on X
Seems like a good time to re-up our @RGK_Project interview with @M_C_Klein
buzzsprout.com/1240292/episod…
buzzsprout.com/1240292/episod…
www.buzzsprout.com Matthew C. Klein on *Trade Wars are Class Wars* - Reviving Growth... Today's guest is Matt Klein, senior writer and economics commentator at Barron's. We discuss his new book with Michael Pettis, which argues that global imbalances are the result of rising inequality...