How Institutional Dysfunction Has Enabled Poor Economic Policy Thinking
How economic research practices and the role of academic journals helped create and reinforced an orthodoxy that was able to miss that the crisis was coming.
Read more...Category Archives: The dismal science
How Putting Shareholders First Harms Investors, Corporations, and the Public
Why “shareholders come first,” an ideology that became widely accepted only in the last 30 years, is a poor guide for managing companies.
Read more...To Reform Capitalism, Look to Marx
A high-level discussion of the re-imaging of the word “capitalism”.
Read more...The Forgotten Vision of Market Socialism
How two economists sought to reconcile Marx’s idea of common ownership with market mechanisms.
Read more...Globalisation, Government Popularity, and the Great Skill Divide
How do voter reactions to globalisation vary by skill level?
Read more...Tyler Cowen, Koch Brothers Funding, Mercatus Center, George Mason University, and Academic Freedom
Recent documents disclose how private money, from the Koch Brothers, among others, curtailed academic freedom at George Mason University, its Antonin Scalia Law School, and its associated Mercatus Center.
Read more...Want a More Equal Society? Universal Basic Income Might Not Be the Policy You Are Looking For
Why a Universal Basic Income won’t produce the benefits its boosters claim it will.
Read more...Marx and Modern Microeconomics
Marx gets some long-overdue credit.
Read more...Bill Mitchell: QE Failed in Japan
A short and devastating proof that QE was a bust in Japan.
Read more...Can Nudging Become A New Road To Serfdom?
Nudging and soft authoritarianism…
Read more...Why the Problem Is Economics, Not Economists
A critique of the monoculture in economics.
Read more...The True, Accurate, and Only Answer to “How *Exactly* Will We Pay for Medicare for All?”
Taking on the biggest, bogus excuse for not adopting Medicare for All.
Read more...Michael Hudson: Origins of Money and Interest: Palatial Credit, Not Barter
A deep dive into the origins of credit and money, along with the political implications of different theories.
Read more...Economists’ Dubious Relationship with Trade Policy: Comparative Advantage is a System that Works for the Wealthy
The great unwashed public has good reason to doubt what economists say about trade.
Read more...Milton Friedman’s ” The Role of Monetary Policy” – 50 Years Later
Like it or not, Milton Friedman is still very much with us.
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