Sears’ Terminal Slide: Bankruptcy and Likely Liquidation
Bankruptcy can only restructure debts; it cannot revive Sears’ mutilated brands and bring back mauled customers.
Read more...Category Archives: Economic fundamentals
How to Destroy Neoliberalism: Kill ‘Homo Economicus’
contemporary American business and economic culture has a moral framework: neoliberalism. This framework is dependably orthogonal to the last 50,000 years of moral norms and traditions.
Read more...The Effectiveness of Large-Scale Asset Purchases
This is Naked Capitalism fundraising week. 551 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser and […]
Read more...Marshall Auerback: A Full Employment Economy? What Could Possibly Go Wrong?
Why Trump’s trade deals could wind up being a negative for employment.
Read more...Money, the Shape of Law, MMT, and Aesthetics
How the evolution of Western metaphysics repressed chartalist ideas that are the foundation of MMT.
Read more...Mr. Market’s Hissy Fit May Be Over….For Now
Puzzling out the markets have changed, and not changed, since the crisis.
Read more...The Continuing Dominance of the Dollar
The dollar still rules. What could make that change?
Read more...Italy’s New Fiscal Plans: The Options of the European Commission
What could the European Commission do if it decided to discipline Italy for defying budget rules?
Read more...How Are We Doing on a ‘Green New Deal?’
Could a Green New Deal make enough of a dent in greenhouse gas emissions to halt global temperature increases?
Read more...Costing the Country: Britain’s Finance Curse
More discussion of the downside of having too much finance.
Read more...Inequality Represents a Wasted Opportunity for Poverty Reduction
If poverty is falling, why you should still care about what happens to inequality.
Read more...The Curiously Varied Impact of Recessions on Political Stability: The Role of Trust
A wee example of how lower levels of trust impose real economic costs.
Read more...Disaster Profiteers vs. the People of Puerto Rico
Puerto Rico shows how distress and grifting too often go hand in hand.
Read more...Why the Distribution of Wealth Has More to Do With Power Than Productivity
How statistics about wealth mislead, and why that matters.
Read more...A Rational Backlash Against Globalization
“In a democratic society that values equality, globalization cannot survive in the long run.”
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