Google Rigged Its Own Advertising Auction In Favor of Facebook for a Price (and What That Means for the So-Called Free Market)
Google fiddles with the weights and measures of commerce.
Read more...Category Archives: Free markets and their discontents
Best of Mankiw: Errors and Tangles in the World’s Best-Selling Economics Textbooks
Harvard’s Greg Mankiw is taken to task by Serious Economist Peter Bofinger for some major howlers in Mankiw’s textbooks.
Read more...Economist Dennis Snower Says Economics Nears a New Paradigm
A perhaps too-upbeat take on the possibilty of big changes in the economics profession.
Read more...A Festive Message on Behalf of DiEM25 for 2021: “Because Things Are the Way They Are, Things Will Not Remain the Way They Are.” B. Brecht
Is Brecht our guide to 2021?
Read more...2021 Will Be Volatile
Richard Murphy’s 2021 forecast.
Read more...4 Burning Questions on the Global Vaccine Rollout
Warnings of “corruption and incompetence coming together,” as vaccine distribution begins.
Read more...A Hard Look at Rent and Rent Seeking with Michael Hudson & Pepe Escobar
An in-depth discussion of financial capitalism versus earlier models and the Chinese and Russian approach, with a focus on the role of rent.
Read more...Polarization, Then a Crash: Michael Hudson on the Rentier Economy
Michael Hudson discusses the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis.
Read more...Explaining Fiscal Multipliers, a Stealthy but Important Budget Battleground (Part 1)
Fiscal multipliers, an economic concept often misused to justify austerity, is rearing its head in Beltway budget debates. Time to bone up.
Read more...Someone Should Ask Biden Cabinet Candidate Ursula Burns If She Supports Child Labor in Africa
Ursula Burns, a candidate for Commerce Secretary, is a director of Nestlé, which defended its use of child labor before the Supreme Court.
Read more...Who Loses Out From Covid-Induced Changes in Buying Patterns?
Why for some sectors of the economy, life after Covid may never be the same.
Read more...Antitrust Spring
Regulators and officials are dusting off antitrust rule books to go after tech monopolists.
Read more...Wolf Richter: Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises?
How much apartment building debt is there, and who holds it?
Read more...SCOTUS: States Can Bar Pharmacy Benefit Manager Grifting
A new Supreme Court ruling upholds the ability of states to regulate pharmacy benefit managers.
Read more...Why We Need to Adopt Friedrich Engels’ Thinking on Science in These Times
Friedrich Engels work on working class included describing how capitalists would not contrain their environmental damage.
Read more...