Ann Pettifor Explains Why Neoclassical Economists Are the Last People To Listen to on Climate Change
A well-warranted takedown of the irresponsible and destructive record of mainstream economists on climate change.
Read more...Category Archives: Free markets and their discontents
Fed Ponders How Quickly to Try to Inflict More Pain on the Economy to Get Inflation to 2%
Debates inside and outside the Fed as to what it should do next about inflation pick up as its annual Jackson Hole conference approaches.
Read more...Stigler Center/ProMarket Hypocrisy: Published, Then Removed Post That Justified Anti-Trust; Bogus Excuses Demonstrate University of Chicago Failed Econowashing of Hard Core Neoclassical Stance
ProMarket and the Consumer Welfare Standard: Output increase is not sufficient to increase welfare. Allocation, aka distribution, matters.
Read more...A Peek at Big Pharma’s Playbook That Leaves Many Americans Unable to Afford Their Drugs
The Biden Adminstration has implemented some modest curbs on drug prices. Big Pharma is fighting a rearguard action in court.
Read more...How Javier Milei Upset Argentina’s Political Status Quo
Yves here. We’re featuring a post from openDemocracy on Argentina’s primary results that had far-right candidate Javier Milei beating the candidates of the two parties that have been in power for two decades. The post is telling, and not in a good way. Milei does advocate extreme views (not that he can go as far […]
Read more...Investors Start Thinking About Underpricing of Climate Risk
Some investors are worried that climate risk means their holdings are overvalued. It would be nicer if they worried about the real world too.
Read more...NAM 2.0+G77 vs G7+NATO+OECD+WEF
Jomo warns US policies are creating war and depression, pushing developing nations to strengthen democratic institutions of global governance
Read more...The Rise of Private Cops: How Not to Tackle Homelessness
Why a story on the abuse of private power, here a security guard beating up the homeless on public property, does not go far enough.
Read more...Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS
ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.
Read more...How to Fix Monetary Policy in Advanced Countries
The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.
Read more...Are Corporate Executives Expendable?
Analysts across the political spectrum challenge massive paychecks of corporate chiefs—and whether companies can survive without them.
Read more...Vacation for Me, Not for Thee: European Workers’ Hard-Won Summer Vacation Tradition Is Slowly Being Taken Away
An increasing number of workers are unable to afford a summer holiday.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Thirty-Three: Uber Isn’t Really Profitable Yet But is Getting Closer; The Antitrust Case Against Uber
Hubert Horan takes another hard look at Uber financials and finds much not to like.
Read more...Angus Deaton on How Neoliberal Ideology Produced Abject US Falling Life Expectancy for Less Educated
Angus Deaton returns to his deaths of despair theme, with updated data and a pointed critique of the role of Chicago School libertarians.
Read more...The NIH Ices a Research Project on “Health Communication”. Is It Self-Censorship?
What sure looks like an NIH study to improve the medical establishment’s propaganda skills had died a well-deserved death.
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