Who Benefits From New Technologies?
Do the benefits of new technologies accrue primarily to inventors, early investors, and highly skilled users, or to society more widely?
Read more...Category Archives: Economic fundamentals
The Economy Isn’t About Money. It’s About Putting Food on the Table
Our Enlightenment predecessors recognized not one but five economies – and the pandemic has reinvigorated our taste for them.
Read more...Grim Prospects for New York City as Few Office Workers Return Post Lockdown; How Hard Will Other US Cities Be Hit?
An update on getting back to normal (not) in New York City.
Read more...The Bank of England Votes for More QE – But This Is a Road That Will Run Out
Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
Read more...How America’s Covid-19 Rescues Look Set to Increase Inequality
Why the Covid-19 bailouts are coming at a high social cost.
Read more...The Costs Of Safely Reopening A High-End Restaurant
A restaurant case study.
Read more...Italy Once Again on the Eurozone Worry List
A new tsunami of bad debts washes ashore in Italy while banks are still struggling with the debris from the prior deluge of bad debts.
Read more...8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
Why the economy is still mighty sick and won’t get much better any time soon.
Read more...Reviving the Economy, Creating the ‘New Normal’
Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Read more...Automation, Globalisation, and Vanishing Jobs
A new take on how automation and offshoring affect employment.
Read more...Restaurants Face Major Obstacles to Reopening
A recap of why restaurants will have a tough time regaining their footing.
Read more...Some Thoughts on New York City and the Dim Prospects for American Cities
Major cities are in serious trouble and hte outlook is grim.
Read more...Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!
Yanis Varoufakis briefs Assange on the devolution of capitailsm.
Read more...The Cost of Staying Open: Voluntary Social Distancing and Lockdowns in the US
Yves here. As various analyses have shown, in many places, governments implemented lockdowns after citizens had started restricting their activities to avoid contracting Covid-19. It’s useful to see economists address the question of what the cost of doing nothing or very little would have been. By Adam Brzezinski, DPhil (PhD) candidate in Economics, University of […]
Read more...Initial Jobless Claims Decline Further, But Continuing Claims Fail To Make Meaningful Progress
Wellie, the latest jobless claims data wan’t horrific, merely very bad
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