Does Capitalism Kill Cooperation?
Economists fetishize innovation. But do they appreciate the importance of cooperation in getting there?
Read more...Category Archives: Free markets and their discontents
Trump Administration And Democrats Return Health Law To Political Center Stage
Trump is now seeking to gut the ACA in its entirety. How might the battle over health care play out?
Read more...Profile of a Scam: How Rick Singer Built a College Entrance Cheating Machine
An important Wall Street Journal story digs into how Rick Singer created his college entrance cheating empire.
Read more...Taxcast: Mainstream Media Misrepresentations of the Financial Crash
This month’s Taxcast discusses misleading reporting from the mainstream media on the financial crisis: it was overloaded with finance ‘experts’, fed us all sorts of misunderstandings about the financial crash, sold us the austerity narrative, and omitted alternative solutions.
Read more...Airbus and Boeing Are Signing Economic Suicide Pacts With China
Western companies that ought to know better are setting themselves up to have their lunch eaten by China.
Read more...Work of the Past, Work of the Future
How the change in the nature of work has helped increase income inequality.
Read more...Costly Confusion: Patients Caught by Medicare Not Covering Annual Physical Exams
Yves here. This post presents a classic example of why medical care in America sucks. It’s too much about billing and not enough about patient care. I know patients who can have a yearly visit to an MD covered under their plan as either a physical or a medium complexity visit for conditions for which […]
Read more...Brexit Delay Will Not Postpone Deglobalisation
The world economy has experienced deglobasation phases before. How this one differs from its predecessors.
Read more...What Republicans and Billionaires Really Mean When They Talk About ‘Freedom’
Why the meaning of the word freedom very much depends on your economic standing.
Read more...Technology: From Copycats to Innovators
How China is cuttting into America’s technology advantage, and how the US can respond.
Read more...Bill Black: The Day Orthodox Economists Lost Their Minds and Integrity (#MMT)
Chronicling and debunking more scurrilous attacks against MMT.
Read more...“Middle Class” Once Meant Stability and Now Means Fragility
The middle class used to be the bedrock of American institutions. Now its members are coping with an uncertain future.
Read more...Outsourcing Giant Interserve with 65,000 Employees Collapses
Another UK outsourcing implosion in just over a year….what gives?
Read more...Of Course We Can Pay for a Green New Deal, but We Can’t Escape Hard Choices
A high-level discussion of some of the operational issues posed by a Green New Deal.
Read more...Bill Black: Three Natural Experiments Documenting Krugman’s Bias Against MMT
Funny how considering MMT brings out the worst in some people….
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