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Busting the Bankers Club

Busting the Bankers' Club

PERI researcher Gerald Epstein’s book Busting the Bankers’ Club: Finance for the Rest of Us uncovers the deep roots of Wall Street’s political and economic power. The book describes how, due to the long-term erosion of regulatory policies, current U.S. financial practices promote instability and crises and produce destructive impacts on workers and communities. Epstein also examines in depth the “Club Busters.” These are the political activists, organizations, financial regulators, legal scholars, economists, and policymakers who are fighting the destructive power of finance and aiming to build a financial system that serves the rest of us.

The Contemporary Mexican Economy in its Labyrinth

Luis Monroy Gomes Franco analyzes the performance of the Mexican economy over the past two decades. He focuses on the economy’s aggregate and sectoral dynamics as well as the changes and continuities in the conduct of macroeconomic and labor market policy with the arrival of a new administration in 2018. This enables him to provide an integrated view of the background within which Mexico will face three structural challenges going forward: the medium and long-run effects of the COVID-19 pandemic; the integration of artificial intelligence into the production process; and climate change.

Shifting the Debate About Social Protection and Informality

The introduction of social protections for individuals engaged in paid employment frequently comes up against arguments that such measures would have adverse impacts on employment, reduce access to formal jobs, and result in greater informality. PERI researchers James Heintz and Jayati Ghosh critically evaluate such arguments and provide responses to the claim that social protections lead to higher informality. They also consider the challenges involved in providing social protection to different types of workers, including not only those employed by others but specifically the self-employed and unpaid workers.

Recent Research

Marx on Credit and Financial Crises: The Industrial Cycles and the English Experience in the 19th Century
Finance, Jobs & Macroeconomics
Henrique de Abreu Grazziotin
March, 2024
Can Price Controls Be Optimal? The Economics of the Energy Shock in Germany
Finance, Jobs & Macroeconomics
Tom Krebs, Isabella Weber
March, 2024
Labor Supply, Labor Demand, and Potential Labor Shortages Through New U.S. Clean Energy, Manufacturing, and Infrastructure Laws
Environmental and Energy Economics
Jeannette Wicks-Lim, Robert Pollin
February, 2024
Good Intentions, Better Outcomes: Shifting the Debate About Social Protection and Informality
Economics for The Developing World, Economic & Human Rights
James Heintz, Jayati Ghosh
February, 2024
Updated Indexes from PERI Name top Climate, Air, and Water Polluters
Environmental and Energy Economics
Michael Ash, James K. Boyce, Rich Puchalsky
January, 2024
Freedom of Association as a Key Aspect of Human Capital Management
Finance, Jobs & Macroeconomics
Lenore Palladino
January, 2024
The Economy in its Labyrinth: A Structuralist View of the Mexican Economy in the 21st Century
Finance, Jobs & Macroeconomics
Luis Monroy Gomez Franco
January, 2024
IMF Standby Agreements and Inequality: The Role of Informality
Finance, Jobs & Macroeconomics
Adem Yavuz Elveren, Ceyhun Elgin
January, 2024
Dark Spots in the International Commodity Value Chain: The Case of Copper in Zambia
African Development Policy
Dale Mudenda, Léonce Ndikumana
January, 2024
Hazardous Drinking in Privatized Industrial Towns of Russia
Health Policy
Alexi Gugushvili, Aytalina Azarova, Darja Irdam, Lawrence King
December, 2023
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