How Land Disappeared from Economic Theory
Why the removal of land from economic theory is a glaring oversight.
Read more...Category Archives: The dismal science
Embracing the Silver Economy
Does the silver economy, meaning one where the over 65 age cohort is growing faster than other age groups, have a silver lining?
Read more...The Paradoxes of Fiscal Austerity in Brazil
Brazil as a test case of austerity per neoliberal theory v. outcomes.
Read more...MIchael Hudson: The Democracy Collaborative
Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
Read more...The Mechanical Turn in Economics and Its Consequences
A historical discussion of the fondness of economics to envision economies as machines.
Read more...Reader Query: Do You Feel Facebook Ads Target You Accurately?
Facebook advertising metrics and you!
Read more...Here Come the Robots: Your Job Is at Risk
How robots threaten jobs in emerging economies.
Read more...Taxing Robots?
Contra Bill Gates, economists are not keen about taxing robots.
Read more...Can Uber Ever Deliver? Part Nine: The 1990s Koch Funded Propaganda Program That is Uber’s True Origin Story
The perception that Uber is a competitive success comes from a recycled propaganda campaign.
Read more...Apprenticeship and the Rise of Europe
How the apprenticeship system developed and gave Europe an edge.
Read more...Keynesianism and the Great Recession
Why abandoning Keynesianism in favor of neoliberalism set up the financial crisis and led to inadequate post-crisis responses.
Read more...Bank of International Settlements Paper Confirms That High Levels of Household Debt Hurt Growth
We’ve written from time to time that not all debt is created equal. Prudent business borrowing enables companies to make investments and expand operations. And even though governments like the US that issue their own currency may nevertheless sell bonds, operationally they can simply create more dough to fund spending. The constraint on spending is […]
Read more...Bill Black: The 2016 Nobel Prizes in Economics Go to Defenders of Criminogenic Policies
Yet another dubious Swedish central bank fake Nobel Prize award…
Read more...Bill Black: Kenneth Arrow’s (Ignored) Impossibility Theorem
Nobel Prize winner Kenneth Arrow’s most celebrated theorem illustrates why economics isn’t just wrong-headed but actually destructive.
Read more...“Inflation’s Comeback”
Some at-times unintentionally revealing Serious Economist discussions of inflation risk.
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