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...Category Archives: The dismal science
“Inflation’s Comeback”
Some at-times unintentionally revealing Serious Economist discussions of inflation risk.
Read more...Book Review: The Econocracy
The new book Econocracy describes how economics has become a narrow ideology with far too much power and what can be done about it
Read more...Don’t Side With Neoliberalism in Opposing Trump
If you side with neoliberalism in opposing Trump, you risk helping him win a second term in office.
Read more...Wolf Richter: Central Banks Quietly Backing Out of Negative Interest Rate Policies (NIRP)
Are central banks finally beating a retreat on their failed NIRP strategies?
Read more...Why the “Maximize Shareholder Value” Theory Is Bogus
Why the bogus shareholder value theory of corporate governance needs to die.
Read more...How Colonialism Shaped Modern Inequality
How European colonialism played a major role in the massive economic inequality we see today.
Read more...Does Saving Cause Lending Cause Investment? (No.)
Some data to debunk a widely-held belief about the relationship between saving and investment.
Read more...Trumping Capitalism?
Will Trump change capitalism, and if so, how?
Read more...Why the Pursuit of Shareholder Value Kills Innovation
Why are public companies not terribly innovative?
Read more...re: F@ck Work?
Why the Job Guarantee versus Universal Basic Income is not about work, but about governance.
Read more...Three Theories Behind the Global Productivity Slowdown
A discussion of mainstream views on productivity growth slippage, plus a pet theory from Yves.
Read more...Finance and Growth: The Direction of Causality
Too much finance is highly correlated with slower growth. But which comes first?
Read more...Helicopter Money: Loved, Not Spent
Another monetarist myth bites the dust. Consumers overwhelmingly say they would not spend helicopter money.
Read more...Philip Pilkington: To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?
Why economics is more like phrenology than physics.
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