Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’
The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.
Read more...The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.
Read more...Jeffrey Spear discusses how the insights of John Ruskin can help create a new paradigm for protecting the planet.
Read more...Workers and employers bargain over the surplus income generated by an employment relationship. This column uses information about key events in Germany relevant for wage negotiations, like labour strikes and the introduction of a minimum wage, to pinpoint changes in bargaining power between workers and employers. It finds that such wage bargaining ‘shocks’ are important drivers of unemployment and inflation and that their effect on wages is almost fully reflected in prices. Furthermore, they reduce the vacancy rate and increase firms’ profits and the labour share of income in the short run, but not in the long run.
Read more...Supporters of cutting carbon emissions to tackle global warming have long struggled against advocates of climate-change adaptation strategies
Read more...Looking at inflation through a class warfare lens.
Read more...Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems
Read more...A wide-ranging and free-wheeling discussion of money, oligarchy, trade, China, the future of the dollar….with an eye to MMT.
Read more...Stagnating real wages may have contributed to the slowdown of US productivity.
Read more...Yves here. From time to time, readers chide us for lacking the patience to spell out the proper name of economics profession’s imitation Nobel Prize. J.R. Swenson is particularly annoyed by this practice and is highlighting some of the (sadly still few) instances within the discipline of pushing back against the brand appropriation. To highlight […]
Read more...Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Read more...The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
Read more...Another blockbuster interview with Michael Hudson.
Read more...An analysis of the concentration of key commodities in supply chains shows why the Russia sanctions are having some outsized effects.
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