The Work-From-Home Wage Premium
Why do work-from-home employees make more than in-office peers? Worker-boss relations don’t always hew to formalities.
Read more...Category Archives: The dismal science
Trump Doubling Down on Tariffs After SCOTUS Nixing Sweeping “Emergency” Abuse: Bad for Businesses, Economy, and Trump
The Trump tariffs mess in the wake of his 6-3 Supreme Court loss on his misuse of “emergency” authority is even worse than you might imagine.
Read more...Michael Hudson: Destiny of Civilization – Financialization & Collapse
Michael Hudson explains how industrial capitalism was radical in aiming to free economies and markets from rent-seeking and financialization.
Read more...Why Does Economics Refuse to Acknowledge John Ruskin’s Illith, as in Harmful Activity?
Why the economics discipline has ignored John Ruskin’s seminal concept of illith, as in destructive activity.
Read more...The Finance Curse Is Killing Britain
A well-warranted harsh look at the high cost an overly-large and ever-more-extractive finance sector imposes on society as a whole.
Read more...Michael Hudson and Vijay Prashad: How Hyper-Imperialism Shapes Global Conflict
A rich discussion of how industrial capitalism evolved into imperialism and how its impulses and contradictions are creating more fractures.
Read more...Satyajit Das: Book Essay – Measuring Progress
Carl Benedikt Frey traces the history of technological innovation. But does that constitute progress?
Read more...The Great AI Displacement: Fracturing Tomorrow’s Labor Market
An industry participant debunks a paper predicting that the labor market effect of AI will be so bright that we will all have to wear shades.
Read more...There Are No Free Markets
Neoliberal free market ideology was always a fantasy. But what comes next given the late stage capitalism breakdown?
Read more...Has Public Debt Become Unmanageable?
Why alarmism about public debt is fundamentally misguided.
Read more...Economic Questions: James Tobin’s Transaction Tax
A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.
Read more...The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Read more...Wordle, the Wisdom of Crowds, and Bubbles
What Wordle play says about markets and bubbles.
Read more...Brexit’s Slow‑Burn Hit to the UK Economy
A new analysis finds that Brexit imposed higher costs on the UK than forecasts at the time projected.
Read more...The UK Is Cursed: How Finance Destroyed Our Economy
More discussion of how the UK’s post World War II decline was a choice, due in large measure to the embrace of finance and neoliberalism.
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