Why Does Inequality Produce High Crime and Low Trust?
Why bad conduct is more prevalent in societies with high inequality.
Read more...Category Archives: The dismal science
Rise of the Superstar Firms: Taking Oligopoly Seriously in Macroeconomics
Quelle surprise! Only now that EU and US officials are up in arms about monopolies are macroeconomics pros taking it seriously.
Read more...The American Rescue Act: Do Whatever It Takes
The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.
Read more...Edward Lazear: Personnel, Policy, and Productivity
Eulogy for Edward Lazear, a “consummate economist.”
Read more...The Economic Impact of Ancient Colonisation
How ancient colonizers left an enduring economic footprint, even at the local level.
Read more...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...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...Larry Summers’ Opposition to $2000 Covid Payments Confirms Our Classic: “Why Larry Summers Should Not Be Permitted to Run Anything More Important than a Dog Pound”
Larry Summers is at it again.
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...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...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...Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Read more...Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread
Money, lending, government spending, QE….all explained in one tidy post!
Read more...Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending
To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.
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