Hayek and Neoclassicals Meet Information Theory and Fail
Why the left doesn’t need to engage Hayek, Friedman, and neoclassical economics but should instead argue from information theory.
Read more...Category Archives: Economic fundamentals
China Blinks!
China taps the brake…..
Read more...New Jersey’s Flooding Crisis Hits Low-Income People Hardest
New Jersey’s flooding problems as a microcosm of what is to come.
Read more...How Financialization and the “New Economy” Hurt Science and Engineering Grads
How the “new economy” devalued science and engineering degrees.
Read more...The Role of Social Security Wealth: A Head-to-Head Comparison of Germany and the US
Crunching some numbers on the value of social safety nets shows Americans are not as well off as pundits and pols would have you believe.
Read more...China Sickening into Classic Emerging Market Crisis
More and more analysts are getting nervous about China. Are there concerns warranted?
Read more...Globalization and the End of the Labor Aristocracy, Part 4
More on how neoliberal policies around the world have hurt labor.
Read more...Hoisted from E-Mail: Puzzling Out the UK’s Shambolic Approach to Brexit
Trying to make sense of the UK’s Brexit pathology.
Read more...Growing Inequality Under Global Capitalism
The benefits of capitalism are accruing even more to a very few at the top.
Read more...Is the Great China Crash Upon Us?
No large economy has made a crisis-free transition from being investment/export led to consumption led. Is China finally starting its Big One?
Read more...UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...Wolf Richter: #Carmageddon Not Yet, But Hot Air Hisses out of Auto Bubble
Despite record incentives, auto sales decline speeds up, inventory bloat spreads to zombie malls.
Read more...Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”
Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.
Read more...Taxes, and the Parable of “Turning Litter Into Money”
I take my business cards out here, and these are twenty dollars a piece, if anybody wants to buy any. No? Any takers?
Read more...The Fall of the Latin American Left, Part III: Argentina and the Right Winning Elections
How the Kirchner program in Argentina ran into the buzz saw of currency markets.
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