How the Postal System and the Printing Press Transformed European Markets
Commercial revolution at the Atlantic coast: The emergence of impersonal markets
Read more...Category Archives: The dismal science
How to Use Fiscal and Monetary Policy to Make Us Rich Again
On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.
Read more...Why Public Company Ownership Is Irrelevant to Monopolies
Why the argument that public company ownership contributes to monopoly power is wrong-headed.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...The Case Against a Consumption Tax
Why a consumption tax does not hold up under close scrutiny.
Read more...How to Break Austerity-Induced Stagnation?
The costs of sticking with obviously failed austerity policies just keep rising.
Read more...Flagging Productivity Growth – How Much Is Due to Bad Management?
Have management fads contributed to the fall in productivity growth?
Read more...Let’s Face It: Monetary Policy Is Failing
Why one of the core precepts of monetary economics is all wet, yet central bankers rely on it even when it keeps failing in practice.
Read more...Why Tax Cuts for the Rich Solve Nothing
An update on Republican tax cut plans, and why they are economic chicanery.
Read more...Original Shareholder Value Article – Milton Friedman to GM: Build Clunky Cars
Yet another reason to doubt the supposed wisdom of the “shareholder value” theory of corporate governance.
Read more...Trilemmas and Financial Instability
Examining national policy tradeoffs in a world of perhaps too much in the way of free and easy international money movements.
Read more...The Retirement Wealth Inequality Machine
A fine, high level description of the retirement problem in the US, coupled with a not-as-stellar remedy.
Read more...It Takes a Theory to Beat a Theory: The Adaptive Markets Hypothesis
Economist Andrew Lo presents his alternative to the Efficient Markets Hypothesis: the Adaptive Markets Hypothesis.
Read more...Why You Should Never Use a Supply and Demand Diagram for Labor Markets
Showing how using default models for labor markets is a dumb idea.
Read more...Some Remarks on MMT & Marxism in Light of David Harvey’s “Marx, Capital, and the Madness of Economic Reason”
How Marxists can make use of the MMT framework rather than falling for neoliberal dogma about money and debt.
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