Capitalism: Not With a Bang But With a (Prolonged) Whimper
The question: How does capitalism end?
Read more...Category Archives: Economic fundamentals
How Despair Helped Drive Trump to Victory
Trump did well in places that have borne the brunt of declines in manufacturing, mining, and related industries since the 1970s.
Read more...Yet Another Brexit Train Wreck – UK to Fall Outside EU Auto Approvals Regime – and It Doesn’t Even Register With Officials
Parliamentary testimony on the auto industry lifts another Brexit rock, revealing new creepy crawlies.
Read more...Why Does the Euro Area Have Such Low Growth and High Unemployment?
Why has the Euro area not delivered on its economic promise?
Read more...More Signs Brexit Negotiations Coming Apart
More less than encouraging news on the Brexit front.
Read more...Trump’s “$250 Billion” of China Trade Deals: As Usual, Hype Greatly Exceeds Reality
Trump’s much ballyhooed China trade deal gives way less than meets the eye.
Read more...European Worries About Isolationist Trends
European leaders ponder how to defend internationalism. They realize that the response to the crisis created innocent losers. But what now?
Read more...Extreme Poverty Cut in Half? Only in the Minds of the Capitalists
The much-touted fall in extreme poverty is more the result of bad or cherry-picked metrics than real progress.
Read more...Skyscrapers and Land Values: Evidence from Chicago on the Costs of Building Tall Cities
Why “building tall” is not an answer to urban housing affordability.
Read more...Wolf Richter: Pickup Sales Boom, Cars Get Crushed, Tesla Deliveries Plunge
Car sales hit an air pocket in October.
Read more...The Economic Consequences of Martin Luther: The Protestant Reformation and the Allocation of Resources in Europe
How the Protestant Reformation transformed not only Western Europe’s religious landscape, but also its politics and economy.
Read more...Falling Pound Might Not Bring UK Trade Balance Boost
More confirmation that a cheaper pound won’t help the UK’s trade balance.
Read more...Catalonia and Spain Enter Dangerous Uncharted Territory
Some initial reactions to Catalonia’s declaration of independence and Madrid’s initiation of direct rule.
Read more...The Rise and Fall of the Phillips Curve
The Phillips Curve is broken and is used by policy-makers to hurt workers. Can it be fixed?
Read more...UK Leaders Starting to Crack as Brexit Realities Finally Sink In
Brexit bravaura is scarce in evidence in Whitehall.
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