The Decline in Quality of Manufacturing Entrepreneurship in the US
Yes, Virginia, US manufacturing is going downhill at the bottom of the food chain as well as from the top.
Read more...Category Archives: The dismal science
Mr. Market Has a Hissy Fit Over Trump’s “Coming Soon” China Tariffs
How much of the upset over Trump’s planned China tariffs is warranted?
Read more...Economists Shocked That China Invalidates Their Pet View That Economic Liberalization Producers Political Liberalization
Another economic fantasy, that the trade liberalization promotes the spread of democracy, takes some hard knocks from China.
Read more...How to Construct a New Invisible Hand: A Conversation with Peter Barnes
Higher-level selection is the invisible hand.
Read more...Michael Hudson: Trump’s Travesty of Protectionism
Why Trump’s tariffs hit the wrong target.
Read more...Why Trump Is So Clumsy About Fighting ‘Free Trade’
Why what looks like a trade problem is really a financialization problem, and therefore there are much better solutions than using tariffs.
Read more...Even McKinsey Gets It: High Wages Improve Economic Performance
McKinsey is turning on neoliberal orthodoxy by advocating high employment, high wage, high demand policies.
Read more...With Official Unemployment This Low, Why Are Wages Rising So Slowly?
Why has wage growth been lousy in a supposed recovery? Thank your politicians for fostering the growth of the precariat.
Read more...Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...Dire Consequences of Ignoring Trade in Climate Change Targets: On Track to 3.5 C Temperature Increase by 2100
Astonishingly, climate change accords like Kyoto and Paris ignore the impact of trade. That omission means our collective goose is cooked.
Read more...Technology Change Not the Culprit in Wages Falling Behind US Productivity Gains
Larry Summers and Anna Stansbury challenge the idea that workers getting a smaller cut of the productivity gains pie is due to technology.
Read more...Growth-Equity Trade-Offs in Structural Reforms
There is a fear that certain reforms could further exacerbate inequality….
Read more...How Hunter-Gatherers May Hold the Key to our Economic Future
Their relaxed approach to work stemmed from their faith in the providence of their environment and confidence in their ability to exploit it
Read more...The Free Market Threat to Democracy
Democracy is not under stress – it’s under aggressive attack, as unconstrained financial greed overrides public accountability.
Read more...New Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost
A new study out of Bard will no doubt produce a hissy fit among orthodox economists…assuming they don’t succeed in ignoring it instead In The Macroeconomic Effects of Student Debt Cancellation, Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum present a detailed examination of the costs of cancelling all student debt, public and private. […]
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