How Economists Turned Corporations into Predators
How shareholder value theory and other bad ideas created lousy incentives for corporations’ executives.
Read more...Category Archives: The dismal science
The Great Italian Money Experiment
Italy has taken a step towards issuing a new currency in the form of tax credits. Will it make it more money-like by making it more tradable?
Read more...Bill Black: Marriage and the Jobs Guarantee
Conservatives are trying to blame low rates of marriage among the young on anything but the state of the economy and the job market.
Read more...Hy Minsky, Low Finance: Modern Money, Civil Rights, and Consumer Debt
MMT’s ultimate contribution to consumer finance is showing a world beyond the “Let Them Eat Debt or Let Them Eat Cash” approaches.
Read more...Employment in Europe and the US: Debunking the Story of EU Weakness and US Strength
Why the EU has done better on job creation than generally recognized, while US employment is exaggerated.
Read more...Yanis Varoufakis: Schäuble Leaves but Schäuble-ism Lives On
Wolfgang Schäuble’s legacy as German finance minister lives on, and not in a good way.
Read more...Jared Bernstein Shows the Costs of Not Understanding Sovereign Currencies
Jared Bernstein, like his fellow fauxgressives, endorses deficit hysteria instead of policies based on how our money system works.
Read more...The Midlife Low in Human Beings
Are midlife blues an underrecognized feature of the human condition?
Read more...Disasters and Price Gouging
The rational case against profiteering during disasters.
Read more...Consumption Inequality and the Frequency of Purchases
Spending patterns suggests that consumption inequality has been blunted by bulk buying, a trend that is leveling off.
Read more...Steve Bannon v. Blinkered Economists on “Free Trade”
Macroeconomists are making Steve Bannon look good.
Read more...How the Postal System and the Printing Press Transformed European Markets
Commercial revolution at the Atlantic coast: The emergence of impersonal markets
Read more...How to Use Fiscal and Monetary Policy to Make Us Rich Again
On the obvious and high cost of abandoning fiscal policy in favor of monetary policy…save for asset owners.
Read more...Why Public Company Ownership Is Irrelevant to Monopolies
Why the argument that public company ownership contributes to monopoly power is wrong-headed.
Read more...Ilargi: Negative Interest Rates – Rogoff Cribs from Orwell and Kafka
The war on cash, to enable central banks to implement negative interest rates on ordinary citizens, continues.
Read more...