Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”
Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.
Read more...Category Archives: Dubious statistics
They Go Together: Freedom, Prosperity, and Big Government
Conventional wisdom about big government being a negative “freedom” isn’t borne out data.
Read more...The Automation Grift: From Flying Cars to Ordering Cat Food on the Internet – Part 2
Why claims for automation getting rid of workers are greatly exaggerated.
Read more...The Amazon.com Effect: Retailers Say They’re Not Selling, but Consumers Report They Are Buying
Are retail sales understated because online retailers aren’t fully captured in the data?
Read more...The Failure of Austerity in the Great Recession
More evidence that austerity is a bad idea.
Read more...How Land Disappeared from Economic Theory
Why the removal of land from economic theory is a glaring oversight.
Read more...IMF Blames Fall of Middle Class on Globalization and Technology
An IMF report comes up with some orthodoxy-reinfocing conclusions by failing to address some key issues.
Read more...ICCT Skewers Trump Regulatory Rollback Argument: Estimates Lower Costs for Meeting CAFE Standards than EPA
Costs of meeting CAFE standards may be 40% lower than EPA estimates; implementing common standards may reduce uncertainty and help carmakers.
Read more...The Role of Experts in Public Debate
How experts, as in economists, wrap themselves in a mantle of jargon and supposed superior insight to promote policies that screw workers.
Read more...Diversity and Public Goods: The More We Mix, the Better
Making diversity work is a challenge, but it can be done.
Read more...February Jobs Report: Hitting on All Cylinders but Wages
Economists and the Fed are declaring victory on jobs while merely delivering yet more stagnant real wages. Nicely played!
Read more...Performance in Mixed-Sex and Single-Sex Tournaments: What We Can Learn From Speedboat Races in Japan
How much credence should we give to studies on sex-related performance differences?
Read more...Bill Black: Kenneth Arrow’s (Ignored) Impossibility Theorem
Nobel Prize winner Kenneth Arrow’s most celebrated theorem illustrates why economics isn’t just wrong-headed but actually destructive.
Read more...When the IMF Evaluates the IMF
A recap of where the IMF admits that it screwed up. Also points out how the IMF overlooked a core methodology prone to errors and gaming.
Read more...Prospects for Further Meaningful Wage Growth Are Dimming
Why the outlook for wage growth isn’t as sunny as the business press would have you believe.
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