Levy Economics Institute of Bard College

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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization.

06/24/2026

This September, Senior Scholar L. Randall Wray will be giving a keynote address at the Keynes Year 2026 Conference in Mexico City, led by UAM and UNAM.

You can register to attend the conference and stay tuned for recordings.

Levy Institute President Pavlina Tcherneva R. Tcherneva is among over 350 distinguished signatories endorsing the new Un...
06/23/2026

Levy Institute President Pavlina Tcherneva R. Tcherneva is among over 350 distinguished signatories endorsing the new United Nations “Roadmap for Eradicating Poverty Beyond Growth.” This ambitious plan, spearheaded by UN Special Rapporteur Olivier De Schutter, offers a concrete policy toolkit for building economies centered on human rights, ecological justice, and participatory governance, moving beyond the narrow pursuit of GDP growth.

The Roadmap is the result of an 18-month collaborative process involving more than 400 participants from UN agencies, national governments, academia, civil society, and grassroots movements across the globe. This comprehensive framework was featured in a recent Guardian op-ed co-authored by Olivier De Schutter, Joseph Stiglitz, Jayati Ghosh, Thomas Piketty, Kate Raworth, and Jason Hickel. As the authors state, “it is not a blueprint shaped by a handful of experts,” but a collective answer to a critical question: “how can we end poverty and reduce inequalities without treating GDP growth as the primary condition for progress?”

“We do not agree on every policy detail. But we are united in the conviction that our economies must be redesigned around the fulfilment of rights and collective wellbeing within planetary boundaries, rather than maximising output at any cost. Human rights here are not an afterthought; they are the organising principle for how we measure progress, set priorities and resolve trade‑offs. Social protection and public services are essential, but they cannot indefinitely compensate for economies that by design generate poverty wages, insecure jobs and unaffordable housing.”

Professor Tcherneva’s contribution to this global effort builds on her long-standing expertise and previous collaboration with Special Rapporteur De Schutter on a 2023 UN report that centered the job guarantee as a powerful anti-poverty strategy.

The Roadmap for Eradicating Poverty Beyond Growth will be formally presented to the 62nd session of the UN Human Rights Council on June 25, 2026. This contribution reflects the Levy Institute’s ongoing engagement with policy research and practical applications addressing poverty and inequality.

UN Roadmap for Eradicating Poverty Beyond Growth: https://www.neep-poverty.org/roadmap-for-eradicating-poverty-beyond-growth/

Guardian Op-Ed “We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way”: https://www.theguardian.com/commentisfree/2026/jun/10/economists-maths-growth-doomed-strategy-un-agencies-political-leaders

2023 UN Job Guarantee Report: https://documents.un.org/doc/undoc/gen/g23/071/64/pdf/g2307164.pdf?OpenElement

Learn more at https://www.levyinstitute.org/news_items/levy-institute-president-contributes-to-landmark-un-roadmap-for-eradicating-poverty/

"Workers are going to be squeezed on both sides, stagnating wages and increasing cost of living." Levy President Pavlina...
06/10/2026

"Workers are going to be squeezed on both sides, stagnating wages and increasing cost of living." Levy President Pavlina Tcherneva weighs in on inflation discussions in recent Marketplace report.

With the consumer price index running at 3.8% — and expected to rise further when new data drops Wednesday — purchasing power is eroding.

Senior Scholar L. Randall Wray tackles the coming AI-induced crash and rising oil prices in two new blog posts on the Le...
06/05/2026

Senior Scholar L. Randall Wray tackles the coming AI-induced crash and rising oil prices in two new blog posts on the Levy Institute website: "The Fed continues to abide by the erroneous belief that monetary policy somehow works as follows: when inflation picks up ... prompt action by the Fed to increase borrowing costs is necessary."

"Minsky’s Vision and the Coming AI-Induced Crash," May 2026: https://www.levyinstitute.org/blog/minskys-vision-and-the-coming-ai-induced-crash/

"With Oil Prices Sky-Rocketing … Should the Fed Raise Interest Rates?," June 2026: https://www.levyinstitute.org/blog/with-oil-prices-sky-rocketing-should-the-fed-raise-interest-rates/

Episode 7 of the Levy Institute Podcast series is out now!In this episode, three Levy Institute scholars sit down to dis...
06/03/2026

Episode 7 of the Levy Institute Podcast series is out now!

In this episode, three Levy Institute scholars sit down to discuss the life and legacy of Wynne Godley, the father of the Stock Flow Consistent Model used by the Levy macro-modelling team.

Levy Scholars Claudio H. Dos Santos, Gennaro Zezza, and Michalis Nikiforos sit down in this episode to discuss the life and legacy of one of the Institute's Distinguished Scholars, Wynne Godley (1926-2010). This episode serves as part of the Levy at 40 Series. In 2026, the Levy Economics Institute m...

Standard measures of poverty suffer from a blind spot: they ignore the household labor that transforms purchased product...
06/02/2026

Standard measures of poverty suffer from a blind spot: they ignore the household labor that transforms purchased products into consumables—the cooking, cleaning, childcare, and numerous other tasks that sustain families and communities.

Nearly 40 percent more employed Americans are living in poverty than the official measures suggest, once we account for the time needed to meet the demands of household labor.

To the extent there is a discrepancy between measured economic statistics and households’ more dire perceptions of their own economic struggles, this may be one piece of the puzzle.

Read our latest Public Policy Brief from scholars Zacharias, Rios-Avila, Masterson, and Sinha at https://www.levyinstitute.org/publications/how-poor-are-employed-people-in-the-united-states/

Tomorrow we hold our annual conference at the Levy Institute. The 33rd of its kind in the 40 years since the Institute’s...
05/07/2026

Tomorrow we hold our annual conference at the Levy Institute. The 33rd of its kind in the 40 years since the Institute’s founding, this event convenes leading voices in independent economic thought from around the world.

We look forward to sharing the day’s insights and discussions!

Speakers will include:
Sheila Bair
William H. Janeway
Yan Liang
Darrick Hamilton
Pavlina Tcherneva
L. Randall Wray
James K. Galbraith
Gennaro Zezza
Isabella Weber

Our moderators include:
Tom Keene
Cortney Sanders
John Cassidy
Kate Aronoff
Peter S. Goodman

https://www.levyinstitute.org/events/event/levy-economics-institute-anniversary-conference/

Next Tuesday, May 12 @ 2 PM, join us at the Levy Institute for "Breaking the Tragedy of the Horizon? Characterizing the ...
05/07/2026

Next Tuesday, May 12 @ 2 PM, join us at the Levy Institute for "Breaking the Tragedy of the Horizon? Characterizing the Green Turn of Monetary Regimes" with Louison Cahen-Fourot, associate professor of Economics at Roskilde University in Denmark and visiting scholar at Harvard’s Minda de Gunzburg Center for European Studies.

Find out more: https://www.levyinstitute.org/events/event/breaking-the-tragedy-of-the-horizon/

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30 Campus Road
Annandale-on-Hudson, NY
12504

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