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Introduction: The Need to Expand Economic Opportunity

The pursuit of economic opportunity for all Americans is as important to the health of the country’s economy as it is to the strength of its democracy. The promise that hard work and determination will yield economic success is a central American ideal, but it has been called into question as secular economic forces and […]

Bringing Jobs to People: Improving Local Economic Development Policies

  SUMMARY: Even before the current recession, local labor markets across the U.S. had large and persistent disparities in employment among prime-working age adults. Roughly 15 percent of the U.S. population, totaling 47 million people, lived in areas with employment rates at least 5 percentage points below the national average. In this Economic Strategy Group […]

Harnessing the Power of Markets to Solve the Climate Problem

  SUMMARY: In this chapter, Gilbert E. Metcalf, the John DiBiaggio Professor of Citizenship and Public Service and Professor of Economics at Tufts University, argues that a carbon tax should be the centerpiece of any portfolio of policies that aim to achieve zero net emissions. However, a carbon tax alone is insufficient to achieve zero […]