Category Archives: Economic fundamentals

Productivity Does Not Explain Wages

As long as we believe the neoclassical productivity farce, we will know nothing about what causes prices.

US Freight Shipments Fall Below 2014 Level. Answers Emerge

Freight volumes have traditionally served as a measure of economic activity. What do they say now?

Sweden Retreats from Negative Interest Rate Experiment

Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.

Bill Black: Lawrence O’Donnell Aims at Buttigieg, But Hits New Democrats

A takedown of the New Democrats’ love of austerity.

Boeing Halts 737 Max Production to Reduce Cash Burn; Suppliers Hit; Measurable Ding to GDP Expected

Boeing takes a 737 Max self-preservation measure, to the detriment of suppliers and even the overall US economy.

Don’t Blame Corbyn or Brexit: Labour Failed To Rage Against the Hated Political System

A take on why Labour failed.

Mariana Mazzucato: What Is Economic Value, and Who Creates It?

Mariana Mazzucato takes apart conventional wisdom about how economic value is generated.

There is No Economics Without Politics

Debunking the pretense that the economics discipline is neutral or objective.

Climate Migration Frightens… Climate Poverty Is Frightening!

Taking a stab at how climate change pressures will increase poverty and migration.

The “Fixing Capitalism” Headfake

Why most plans to create a kinder, gentler capitalism fall way short.

To Resolve the Economic & Environmental Crisis, Do Not Bank On the Private Sector

More political leaders are coming around to the idea of using government economic muscle to combat climate change. But will they act?

Misunderstanding Volcker

A reappraisal of Volcker, who was more hostile to workers and less hard on financiers than the press would have you believe.

The Geography of EU Discontent

The EU’s flyover, meaning areas in economic decline, are also its hotbeds of discontent and anti-EU sentiment.