Why We Need New Measures of Potential Output—and What They Tell Us
Economists and policy makers are waking up to the fact that estimates of what is possible in the economy – “potential output” – are way off: this paper explains why.
Read more...Category Archives: Economic fundamentals
“There Is No Alternative” to Managing the Economy and the Climate
Why the US needs to embrace an industiral policy to combat climate change.
Read more...China-US Trade War Heats Up: 3 Reasons It Won’t Cool Down Anytime Soon
Why the US and China are gridlocked on trade.
Read more...Perhaps It’s Time to Start Worrying About Global Corporate Debt, Suggests Bank of England
China’s exploding corporate debt is a cause for pause.
Read more...Brexit: Stuck
Nearly a month into the EU’s Brexit extension and no progress.
Read more...Farming First: A Recipe to Feed a Crowded World
Is subsistence farming the way to the future?
Read more...All Eyes on the Fed
The latest round of debate on what the Fed might do down the road.
Read more...Antitrust in American History: Law, Institutions, and Economic Performance
The Chicago School’s weakening of antitrust law hurt the economy
Read more...The Next US Recession Is Likely to Be Around the Corner
Business economists argue that the length of an expansion is a good indicator of when a recession will hit.
Read more...Yes, the Tech Giants Are a Big Problem—But the Untamed Finance Industry Could Still Blow Up the Economy
Why finance, broadly defined, is still a hazard to the US economy.
Read more...How Far Can We Push Fiscal Spending in Light of MMT? Some Optimistic Reflections on the Potential For Economic Experimentation
Estimating where MMT’s inflation constraint on fiscal spending kicks in.
Read more...The Great Deformation: Why Income Inequality Has Become Intractable
Recent work on iinequality by Lance Taylor says this will be a particularly hard problem to solve.
Read more...Empire and Economics: The Long History of Debt Cancellation from Antiquity to Today
Get a cup of coffee. A meaty talk by Michael Hudson, Liz Theoharis, and Aliou Niang on the social and economic logic of debt cancellation back when it was a regular practice.
Read more...Embedded Internationalism: The Only Way to Fight the Global Oligarchy
Rethinking internationalism as a way to counter the power of a rootless global elite.
Read more...Why China’s Current Account Balance Approaches Zero
China’s once-hefty current account surpluses are falling away. What are the implications?
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