Category Archives: Economic fundamentals

Michael Hudson: De-Dollarizing the American Financial Empire

Michael Hudson on how the US was able to turn its change from creditor to debtor to its advantage.

Brexit: Will Boris or Won’t He?

Does Johnson have any Brexit wriggle room?

Transfer (Mis)pricing, the Jewel in Every Multinational Enterprise’s Crown

Transfer pricing: How developing countries lose $3 billion every day through an accounting trick that allows corporations to avoid paying tax.

Martin Wolf v. Trumponomics Whiffs Due to Fealty to Orthodoxy

The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.

Is Industrial Policy Finally Legitimate?

Awfully late in the game, industrial policy gets the recognition it deserves.

The Myth of Expansionary Austerity

If you hold mainstream economic views, it was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.

U.N. Report: ‘Human Rights Might Not Survive’ Climate Crisis

Not surprisingly, the poor, particularly in developing countries, will be devastated by climate change.

Mobility and the Desire for Sovereignity in Europe

Lack of geographic mobiliity is a major culprit in the rise of nationalism.

One Hundred Years After World War I, Are We Heading Back to the Abyss?

The odds of a major war, even one that could fracture the world order, appear uncomfortably high.

Takers and Makers: Who Are the Real Value Creators?

Why stories from “value creators” should be taken with a fistful of salt.

Brexit Radicals

Looking for cheery news on Brexit? You’ll have to look awfully hard.

The Sham of Shareholder Capitalism

The mythology of shareholder capitalism does not stand up to scrutiny.

Trade Wars in the Global Value Chain Era

Why trade wars are more costly than conventional wisdom would have you believe now that manufacturing to a large degree depends on global value chains.