New School News

Tomorrow: The Government Shutdown and Debt Crisis, What it Means for the Economy

As the government shutdown draws on and we grow ever closer to the debt ceiling, voters are still wondering about the broader economic implications of our dysfunctional political system.

On Tuesday, October 15 at 9:00 a.m. in Tishman Auditorium, 66 West 12th Street, the Schwartz Center for Economic Policy Anaylsis (SCEPA) offers insight from three leading economists, all from The New School.

Professors Teresa Ghilarducci, “Economists Agree that Defaulting is Stupid;” Rick McGahey,  “Why Congress is Allowing a Default;” and Christian Proaño,”The Dire Economic Consequences of a Default,” will discuss the causes of the shutdown, the economic implications of increasing or not increasing the debt ceiling, and what will happen if an agreement is not reached by the deadline of October 17. The event will end with an audience Q&A.


Teresa Ghilarducci, Chair of the Economics Department at The New School for Social Research and Director of the Schwartz Center for Economic Policy Analysis.

Rick McGahey, Professor of Professional Practice in Public Policy and Economics and Director of Environmental Policy and Sustainability Management.

Christian Proaño, Assistant Professor of Economics.

This event is free, but registration is required. The event will also be streamed live on The New School’s Livestream channel.

The Schwartz Center for Economic Policy Analysis (SCEPA) is the leader in providing alternatives to mainstream economics.  An economic policy research center within The New School’s Department of Economics, our projects empower policy makers to create positive change. With a focus on collaboration and outreach, we provide scholars, nonprofits, and government officials with original, standards-based research on key policy issues.

Take The Next Step

Submit your application


To apply to any of our Bachelor's programs (Except the Bachelor's Program for Adult Transfer Students) complete and submit the Common App online.

Graduates and Adult Learners

To apply to any of our Master's, Doctural, Professional Studies Diploma, Graduates Certificate, or Associate's programs, or to apply to the Bachelor's Program for Adult and Transfer Students, complete and submit the New School Online Application.