Category Archives: The dismal science

Automation, Globalisation, and Vanishing Jobs

A new take on how automation and offshoring affect employment.

Covid-19 Recessions: This Time It’s Really Different

Why Covid-19 damage will be lasting.

Heiner Flassbeck: The Euro Arrangement Is Faulty

Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.

What Are the Three Concurrent Crises of the Coronavirus Depression?

Past theories of crises and why they matter now.

Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism

Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.

America’s Chilling Experiment in Human Sacrifice

The US is willing to practice human sacrifice, rather than explore a way of defining wealth outlined by 19th-century thinker John Ruskin.

Waiting for “Rooseveltian Relief”: An Oversimplified Framework for the Employment Situation

“Nothing fundamental will change.” –Joe Biden

Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019

Why negative interest rates were a bust.

Is There Deflation or Inflation in Our Future?

We don’t have a recovery in sight, but some economists are already worried about inflation.

Become a Manufacturing Powerhouse in 2020—An Economic Recipe for Our Times

On bringing manufacturing back home.

The Coming Battle for the COVID-19 Narrative

Will the disruption of Covid-19 deal a major blow to market ideology?

The Use and Abuse of MMT

Using government spending power to bail out financiers and rentiers makes a travesty of MMT.

Martin Wolf and Wishful Thinking on Ending Coronavirus Lockdowns

It would be nice to go back to something like the old normal. But the coronavirus is still very much in charge.