Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)

Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.

Korea in a Post-Covid-19 World, Part 1: The Korean New Deal

The New Deal term has circulated extensively in the wake of the concerns about climate change and more recently in thinking about a COVID-19 epidemic.

“It’s the Infrastructure, Stupid”

Now we have to confront and analyze the implications of a post-petroleum age. Exploring the New Deal gives us a better perspective on the size of that task, how deep and sometimes intrusive the process will be. The New Deal was a monumental, multi-decade endeavor that made American great and will not be easily matched.

FROM NEW DEAL TO GREEN NEW DEAL, Part 1: Roosevelt Saves Capitalism

“I pledge you, I pledge myself, to a new deal for the American people.” – FDR in the summer of 1932. Recent discussions about a proposed Green New Deal encouraged me to review some of my notes on the original New Deal and if it could provide relevant insights into our current situation. The New […]

HOW IT CAME TO RULE THE WORLD, 1.2

The New Deal had restructured the US policy environment and with the industrial stimulus of World War II, saved liberal capitalism in the United States. IBM for example had been clutched from the jaws of the Great Depression by the Social Security Act, which provided a major market for its new keypunch calculating machines.

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  • About Me

    Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.

    You can reach me at:

    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.