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...Category Archives: The dismal science
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. […]
Read more...Economies of States Versus Economies of Cities
Why are some cities doing better than the states they inhabit?
Read more...Labour Scarcity and Labour Coercion: Serfdom in Bohemia
Institutions are widely viewed as a fundamental cause of economic performance. But what are the causes of institutions?
Read more...Answers from the MMTers
Serious Economist Jared Bernstein asked some questions about MMT. MMT thinkers Stephanie Kelton and Randy Wray.
Read more...Reclaiming the Tax: Foregrounding the Public Covenant
Rethinking the MMT rhetoric around tax….and implications for policy prescriptions.
Read more...International Trade and Globalization: Are Benefits Truly Mutual?
Questioning economic orthodoxies on trade.
Read more...More Power to the Workers: Seymour Melman on Extraction by the Military, Managers, and Finance
Why workers are the nexus of production and prosperity.
Read more...Evidence from Peer Review That Women Are Held to Higher Standards
Evidence that women face higher obstacles to professional achievement than men.
Read more...Cognitive Economics: How Self-Organization and Collective Intelligence Works
The challenge of understanding self-organizing groups.
Read more...Debunking Mainstream Economists on Secular Stagnation and the Loanable Funds Fallacy
An important, accessible takedown of the loanable funds theory, on which a ton of bad policy rests.
Read more...Larry Summers: Reagan’s Tax Plan Was Better Than Trump’s
Summers on inequality, the GOP tax plan, and US economic prospects.
Read more...Defining the Tax Reform Battleground
How tax “reform” policy discussions reinforced destructive economic ideas.
Read more...Bill Black: DSGE Dilettantes v. ADM God Devotees
Black shows how DSGE defenses fall apart, even as their backers lash out at critics.
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