Trumping Capitalism?
Will Trump change capitalism, and if so, how?
Read more...Category Archives: The dismal science
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.
Read more...“Many Areas of Appalachia and Mississippi Delta Have Lower Life Expectancy Than Bangladesh”
Four Nobel Prize winners agree that rent-seeking is the biggest driver of rising inequality.
Read more...Lessons From the Demise of the TPP
Yves here. This post makes a point at the end in passing about the value of multilateralism, even though the TPP was otherwise a very bad scheme on multiple levels. This serves as a reminder to mention something I’ve neglected to say. Trump’s plan to enter into bi-lateral trade deals (after supposedly tearing up extant […]
Read more...Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy
How central banks’ policy remedies have taken big steps backwards.
Read more...Trump’s Win: America’s Failures of Representation and Prospects for Democracy
Looking at why Trump won and the implications for his presidency.
Read more...Sexual Orientation and Earnings: How Being in a Partnership Matters
Sexual orientation does affect earnings, but not necessarily in the way you might have assumed.
Read more...A Moral Challenge to Economists
Economists hide behind specious claims of neutrality and efficiency to advocate policies that often have negative moral and social impact.
Read more...Progressives Need to Promote Deficit Spending Before Trump Makes It His Baby
The failure to do enough deficit spending is a big reason why the Democrats hemorrhaged losses. Progressives need to take up this issue.
Read more...Why Central Bank Models Failed and How to Repair Them
Why macroeconomic models perform so badly.
Read more...