June 16, 2022

Reviews

Developmental Realism

A review of Eric Helleiner’s The Neomercantilists

Since Donald Trump’s surprise victory in the 2016 US presidential election, defenders of the postwar liberal international order have panicked over the return of their bête noire: neomercantilism. For them, neomercantilism signals a revival of nationalistic protectionism, a surge in trade wars, and the loss of cooperation and openness that has underpinned globalization.

Longform

June 10, 2022

Analysis

Leapfrog Logistics

Digital platforms, infrastructure, and labor in Brazil and China

In Spring 2018, two significant labor disputes broke out at opposite ends of the earth. The first, in Brazil, was a two-week-long mass strike of 400,000 truckers in response to successive price increases unleashed by the state oil company, Petrobras,…

June 2, 2022

Reviews

General Theories

On Stephen Marglin’s Raising Keynes

In 2022, the audience for books about John Maynard Keynes is probably as large as it has ever been. With two global economic crises followed by widespread use of government interventions, debates recently relegated to history books and academic journals…

May 28, 2022

Analysis

Farmland Assets

International finance and the transformation of Brazil’s agricultural lands

The election of Jair Bolsonaro in 2018 commenced a long agenda of environmental destruction in Brazil. Before taking office, Bolsonaro had openly threatened Indigenous communities with racist attacks, commenting that Indigenous peoples should not have “an inch of land” and…


The Price of Oil

The history of control and decontrol in the oil market

In October 2021 the price of gasoline in the United States rose to its highest level in seven years. There were many reasons for this: surging demand following a year-and-a-half of lockdown, a slower than expected recovery of oil production,…


Politics and the Price Level

Inflation and the governance of prices

In 1959, the leaders of the Organization for European Economic Cooperation (OEEC, now the OECD) appointed a Group of Independent Experts “to study the experience of rising prices” in the recent history of the advanced capitalist countries. Between the end…

May 14, 2022

Analysis

Persisting Paternalisms

The Auxilio Brasil in perspective

In recent months Brazilian president Jair Bolsonaro appears to have shape-shifted. From a staunch ally of business interests, he now presents himself as a president of the poor. The basis of this transformation is his new conditional cash-transfer programme Auxilio…

May 12, 2022

Analysis

Financing Schools

America’s kleptocratic public school divide

As the arrival of the pandemic forced schools shut, the Public Schools of Robeson County in North Carolina scrambled to save the rural district’s closed and crumbling buildings. At the same time, they faced the major task of providing education…

May 7, 2022

Interviews

Fault Lines

An interview with Helen Thompson on the geopolitics of shale and energy independence

Restarting our economies after the pandemic continues to expose the fragility of our supply chains. The Russia-Ukraine conflict serves as a stark reminder that oil and gas can still dictate our anxieties. Commodity prices and our collective sense of vulnerability…

May 4, 2022

Analysis

Weimar Themes

Hilferding, Sohn-Rethel, and Hamilton

Putin’s invasion of Ukraine has flung the international order into crisis. Understanding the causes of such cataclysms requires understanding not only the interests of states, but also the shape of society—its internal tensions, as well as its material and cultural…

April 30, 2022

Analysis

The Whole Field

Markets, planning, and coordinating the green transformation

In recent years, an intense debate has unfolded over the policy and politics of the green transition. Politically, the tide appears to be receding: As the Biden agenda has lost momentum and rising inflation moves center stage, the near-term prospects…

Shortform

June 18, 2022

Sources

In March of this year, the London Metal Exchange suspended trading in nickel after a 250 percent price hike brought its value to $100,000 a ton. The cancellation has shaken the commodities exchange’s reputation, and inspired a series of fierce…

June 11, 2022

Sources

This week, President Biden invoked the Defense Production Act (DPA) to boost clean energy production, including solar technology, heat pumps, insulation, green hydrogen, and transformers. In recent years, the DPA has strayed from its wartime connotations, from coordinating Covid-19 responses, and more…

June 4, 2022

Sources

In recent decades, the global financial system has undergone a series of profound crises. While the impact of these crises has been felt globally, comprehensive reforms have been less immediate.

May 28, 2022

Sources

This weekend’s presidential elections in Colombia could result in the victory of the country’s first leftist leader, a center-right former mayor, or a right-wing populist. A central issue is the fate of the 2016 peace deal, with crucial questions around…

May 21, 2022

Sources

This week, labor markets across the US and Europe exhibited seemingly inconsistent trends: while unemployment is at historic lows, claims for unemployment benefits are on the rise, and despite rising overall incomes, many workers face increased financial stress.

May 14, 2022

Sources

News around the potential reversal of Roe v. Wade in the United States has brought renewed attention to abortion rights movements in other parts of the globe, and in particular, Latin America. After decades of court cases, legislative efforts, and…

May 7, 2022

Sources

Since 2018, the Turkish lira has suffered repeated devaluation shocks, increasing rates of loan default and unemployment. These have only been compounded by the pandemic and the Russian invasian of Ukraine—this week, inflation rates in Turkey have skyrocketed to nearly…

April 30, 2022

Sources

Exxon recently announced three oil discoveries off the coast of Guyana, increasing the company’s recoverable oil potential in the country to 11 billion barrels. These discoveries have added to the high likelihood of Guyana becoming a major global oil producer in the…

April 23, 2022

Sources

A top economic advisor in the Dominican Republic recently estimated that the loss of Russian and Ukranian visitors would cost the country $400 million in tourism revenue. With 9.5 percent of GDP traced back to tourism reciepts, the DR is…

April 16, 2022

Sources

The latest version of the Omnibus spending bill ends the extension of child nutrition waivers, which expanded access to meals during the school year and summer. The move foreshadows challenges for school meal programs, a cornerstone of welfare policy since…


Series

Series are collections of works published by Phenomenal World on a single subject or area of research. Series are commissioned to analyze particular issues or historical moments, and are either ongoing projects or collected as one-time volumes.

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