The Econocracy: An Interview with Cahal Mora
The new book Econocracy describes how economics training discourages critical thinking, overreaches, overpromises, and underdelivers.
Read more...Category Archives: The dismal science
Investment in Early Childhood Education Yields Substantial Gains for the Economy
Yes, Virginia, more education for the lower orders really does pay off.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...Back From Full Employment To “Inclusive Growth”
“Inclusive growth” is economics NewSpeak for pretending to be concerned about the diminished opportunities for the middle and lower classes.
Read more...Macroeconomics in the Crossfire (Again)
Economists are finally ‘fessing up to the fact that macroeconomics was never all that good and has regressed in recent decades.
Read more...The Electoral Consequences of Globalization
A look at some of the economic and political issues related to globalization.
Read more...Bill Black: Howard Dean Wants to Continue Austerity’s Assault on the Working Class
Why Democrats like Howard Dean believe in and sell austerity snake oil.
Read more...Trumpism Has Dealt a Mortal Blow to Orthodox Economics and ‘Social Science’
Why Trumpism caused mainstream ‘social science’ to fall like a house of cards.
Read more...Bill Black: Hillary’s Threat to Wage Continuous War on the Working Class via Austerity Proved Fatal
Black recounts how fundamental austerity-driven economic policies had become to the Democrats and how Hillary embraced them wholeheartedly.
Read more...Bill Black: Bloomberg Notices Paul Romer’s Indictment of Macroeconomics
World Bank economist Paul Romer calls out obvious defects in macroeconomics, and is treated as a bomb-thrower.
Read more...Economists and Trump: Straight Talk on Trade
Economists maintained a party line of never letting a bad word be said about more open trade even though they knew it would produce losers.
Read more...Why Economic Recovery Requires Rethinking Capitalism
Capitalism needs a dose of socialism, aka public works. Mission-oriented public investment is vital to revive private-sector investment.
Read more...The Retreat of Financial Globalization?
Financial globalization, meaning high levels of funds movement across borders, has fallen, and that’s a good thing.
Read more...Suspected 5th Columnist Streetwise Professor Knocks Blockchain… But Defends Elites
Why are self-styled progressive economists like the Streetwise Professor criticising Blockchain boosters but making excuses for our elites?
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