Why the Rich Get Richer and Interest Rates Go Down
A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...Category Archives: The dismal science
Wait and See: The Labor Market Implications of Economic Uncertainty
An increase in perceived uncertainty does indeed increase the value of waiting, thus reducing job creation.
Read more...The Downton Abbey Effect: British Aristocratic Matches with American Business Heiresses in the Late 19th Century
How economically faltering British aristocrats monetized their titles.
Read more...Neoliberalism Is Dying – Now We Must Replace It
From taming Big Tech to competing with China, Western governments are retreatig from neoliberalism. But what comes next?
Read more...Imperialism Then and Now: Wealth, Unemployment and Insufficient Demand
Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
Read more...How the Economics of Walking About Helps Predict Unemployment, or the Value of Soft Data
On the short-sightedness of over-reliance on hard data.
Read more...A Half Century Since The Beginning Of The End Of The Post WW II Economic Order
Marking the 50th anniversary of the end of the Bretton Woods economic system.
Read more...Why Economists Don’t Write More Papers on Political Finance
Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may exist in economics research.
Read more...Globalization, Specialization, and the Division of Labour
A new angle on why workers lose out as globalization increases.
Read more...Michael Hudson Discusses Financialization, Rentierism, and Other Favorite Topics with Jessi Ora of Swedish Positiva Pengar Group
Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
Read more...Understanding the Opioid Epidemic: When Innovation Fails, or Rather Works Too Well
The opioid crisis provides a deadly example of why innovation often is simply a new-fangled form of predation.
Read more...How Policies Affect Beliefs and Preferences: The Example of Covid-19 Vaccination Willingness
Covid and other major political challenges show that devising policies isn’t the hard part: it’s getting the public to go along.
Read more...The Data Privacy Paradox and Digital Demand
Data privacy worrywarts appear to be the most promiscuous. What gives?
Read more...Mindat: The Wikipedia for Minerologists, Miners, and “Rock Hounds” (Except Not)
Citizen science goes unreward by giant monopolists Wikipedia and Google.
Read more...Why the Neoliberal Drive to Privatize Everything Is Running Out of Gas
A look at the current acceptance of neoliberal policies.
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