What happens when you grow up with a father who lost everything in the Great Depression? For Howard Sherman, you spend the rest of your life studying the causes of devastating financial collapses and how nations can avoid them.
With 22 books and more than a hundred articles, Sherman — a Visiting Scholar at UCLA and former chair of the U.C. Riverside Economics Department — is still fighting the good fight. His latest volume is Principles of Macroeconomics: Activist vs. Austerity Policies, co-written with Michael Meeropol. While the title may be dry, Sherman is anything but. In a recent interview, he offered blunt assessments of President Obama’s economic policies and why the U.S. labor movement should make full employment its highest priority.
Frying Pan News: Why did you write this book?
Howard Sherman: The main issue in economics is the distribution of income between workers and owners.