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Toward a New Political Economy for the U.S


  • Ron Baiman

    (Center for Tax and Budget Accountability, Chicago, IL,


The U.S. economy faces a fundamental structural and institutional crisis that requires major changes in economic policy and far reaching programs including: a) a federally funded permanent living wage jobs program mostly funded through transactions taxes on finance; b) emergency measures to cap and gradually reduce the U.S. trade deficit; c) a transparent and coherent “industrial policy†to increase high value added, competitive manufacturing exports. The goal should be to support “non-predatory†trade and industrial policies that move the U.S. and world economies toward sustainable and balanced trade and development. JEL classification: E00; L00; H00; F00; P00

Suggested Citation

  • Ron Baiman, 2010. "Toward a New Political Economy for the U.S," Review of Radical Political Economics, Union for Radical Political Economics, vol. 42(3), pages 353-362, September.
  • Handle: RePEc:sae:reorpe:v:42:y:2010:i:3:p:353-362

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    jobs program; full employment; trade policy; industrial policy; living wage; U.S. manufacturing;

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • L00 - Industrial Organization - - General - - - General
    • H00 - Public Economics - - General - - - General
    • F00 - International Economics - - General - - - General
    • P00 - Economic Systems - - General - - - General


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