Reducing Carbon Emissions Won’t Halt Economic Growth
The big obstacle to reducing carbon emissions isn’t economic costs, but inertia and the impact on powerfully placed special interests.
Read more...Category Archives: Market inefficiencies
Media Attention and Investment Decisions
Correlations between media attention and capital flows to investment vehicles are well established. However, the question arises of whether this is due to new information conveyed or if it is just an artefact of the attention itself. This column employs fund rankings from the Wall Street Journal to investigate the issue. It shows that media attention does drive these investment decisions, even if no new information is conveyed. It further argues that financial intermediaries are aware of this effect and exploit it.
Read more...James Galbraith Describes Major Forecast Failure in Model Used by Romers to Attack Friedman on Sanders Plan
James Galbraith examines the used forecast by Christine Romer and David Romer to attack Gerald Friedman’s favorable review of Sanders’ plan. He’d already shellacked the methodology in a 2014 book.
Read more...Paul Craig Roberts on Michael Hudson’s Killing the Host
An introduction to Michael Hudson and his latest book.
Read more...Capitalism Versus The Social Commons
How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
Read more...ObamaCare’s Neoliberal Intellectual Foundations Continue to Crumble
A new study shows that health care consumers do not comparison shop, undermining a key assumption behind the ObamaCare marketplace
Read more...No Accounting for Accounting: A Review of Michael Perelman’s “Railroading Economics”
Is accounting suitable as a basis for business rationality?
Read more...How ‘Competitive’ Tax and Incentive Policies Hurt Small U.S. Businesses
Supposedly ‘competitive’ policies on tax favor multinational firms over smaller, locally-based ones and also reduce market competition.
Read more...Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda
Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’. And now he should add the Job Guarantee to his list of issues.
Read more...Is the Local Economy the Solution to a Post-Capitalist World?
Relocalization has the potential to increase political accountability and revitalize communities. But how do you make it happen?
Read more...The Decline in Market Liquidity
While the Fed isn’t worried about the fall in market liquidity, experts argue that if investors make abrupt changes in their portfolios, the lack of liquidity could produce a crisis.
Read more...Godzilla vs. Mothra vs. You: The Health Care Industry Consolidates
Causes and consequences of consolidation in the health care industry
Read more...John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost
The Dutch flower market is a monopolist under assault. A case study of an economic and political struggle.
Read more...Perry Mehrling: Flash Crash Explained by HFT
The official report on the October 15, 2014 “Flash Crash” raises some questions which unfortunately it does not answer.
Read more...Wolf Richter: Microsoft Tallies the True Costs of the M&A Boom: Layoffs, Write-Offs, Shut-Downs, and Economic Decline
Microsoft illustrates the real-world fallout of letting corporate executives, either out of desperation or out of finding deal making more fun than the grind of making businesses perform better, follow the siren song of M&A mavens.
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