Today at the New School, L. Randall Wray and Stephanie Kelton take part in a public workshop organized by the National Jobs for All Coalition that is focused on developing a “A New ‘New Deal’ for NYC and the USA.”

Wray and Kelton will be sharing initial findings from an upcoming Levy Institute project that proposes a universal job guarantee for the United States. The program would create nearly 20 million jobs that pay $15 per hour plus benefits, raising national output by over $500 billion annually, stimulating the private sector to create more than 3 million additional jobs. Using standard simulation models, the study finds that impacts on inflation would be negligible, while state and local government budgets would improve by $60 billion annually and as many as 14 million children would be pulled out of poverty.

The entire event begins at 5pm today. You can follow it live here:

[youtube https://www.youtube.com/watch?v=8jqG3wtqm5A&w=427&h=240]

The schedule for the two-day event can be found here.

The Levy Institute is accepting applications to the M.S. and M.A. in Economic Theory and Policy for Fall 2018.

The new, one-year M.A.* joins the two-year M.S. in offering students an alternative to mainstream programs in economics and finance. Our graduate curriculum is rooted in the Institute’s distinctive research program, including macroeconomic theory and policy analysis, the development and exploration of alternative measures of economic well-being and poverty, and continuing efforts to extend the work of Distinguished Scholars Hyman Minsky and Wynne Godley.

Students can specialize in one of the Institute’s five research areas:

• Macroeconomic Theory, Policy, and Modeling
• Employment and Labor Markets
• Monetary Policy and Financial Structure
• Distribution of Income, Wealth, and Well-Being
• Gender Equality and the Economy

You can find out more about these programs at the new graduate website:

The application deadline for early decision is November 15th; regular decision is January 15th.

Interested students can join upcoming online information sessions run by program faculty:

October 19th, 7:00pm (EST) with Jan Kregel, Director of the Institute’s Master’s Program (sign up here)

November 3rd, 9:00am (EST) with Ajit Zacharias, Director of the Institute’s Distribution of Income and Wealth Program (sign up here)

A previous session with Director of Applied Micromodeling Thomas Masterson can be viewed here at the Levy Institute Graduate Programs Facebook page.

And don’t miss the work that Levy M.S. students and recent graduates have done at The Minskys.

* The M.A. is currently open only to US citizens and permanent residents — the M.S. accepts international students.