How Hedge Fund Activists Coopted “Shareholder Democracy”
How hedge fund activists, who largely operate as a type of corporate raider, have subverted the notion of “shareholder democracy” and what can be done to rein them in.
Read more...Category Archives: The dismal science
The Explicable Mystery of the National Debt
Why US Treasury bond issuance and Federal deficits are functionally not debt at all.
Read more...Economy of Intangibles
Has the rising role of intangibles, as in intangible assets. helped cause secular stagnation?
Read more...Reproducibility Crisis Reaches All Randomised Controlled Trials
Social and medical sciences depend on randomised controlled trials, even though they harbor more assumptions and biases than commonly understood.
Read more...Leaving Money on the Table: Declining Responsiveness and the Productivity Slowdown
Job reallocation is an important determinant of productivity. This column uses US data to show that a decline in the degree of job reallocation in response to shocks is behind the overall fall in the rate of reallocation over the past decades.
Read more...Interview: Teaching Graham Elwood Modern Money, and How the Progressive Media Gets It Wrong
A case study in teaching modern money to a progressive who unknowingly has swallowed neoliberal economic ideas.
Read more...Koch Money and the Unflappable Economist
Mirowski on the Koch brothers scandal at George Mason University.
Read more...Why Italy’s Crisis Is the Left’s Crisis
Why framing the political struggle in Italy as mainstream versus populist shifts focus away from the most important issue, Eurozone reform, where the battle is mercantilists versus Keynesians.
Read more...The World Cup: The Dismal Science and the Beautiful Game
A light-hearted economic analysis of the World Cup
Read more...Bill Black: Democrats Should Reject Bernanke’s ‘Wily E. Coyote’ Criticism of Trump’s Deficits
Bernanke engages in a new episode of ideologically motivated economic prognostication.
Read more...Last Exit to the Road Less Traveled
What good is a conventional economics that tells us we can only create jobs and “profit” by literally destroying and despoiling the resources we depend on? That sounds un-economic to me
Read more...The Battle for Money Has Begun
Why the current fights over money, banking, and Modern Monetary Theory look like new ways to achieve bad neoliberal ends.
Read more...Worrying About the Deficit Is So 17th Century
Deficit hawks have been wrong for even longer than you thought.
Read more...Meet the Economist Behind the One Percent’s Stealth Takeover of America
Nobel laureate James Buchanan is the intellectual lynchpin of the Koch-funded attack on democratic institutions, argues Duke historian Nancy MacLean.
Read more...How Media Amnesia Has Trapped Us in a Neoliberal Groundhog Day
How the media became the useful idiot of neoliberalism.
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