What Gandhi Believed Is the Purpose of a Corporation
Gandhi had a well-developed view on corporate goverance and influenced business leaders.
Read more...Category Archives: Economic fundamentals
Secular Stagnation: The Limits of Conventional Wisdom
The debate over secular stagnation continues, yet orthodox economists are loath to admit that the needed fix is more demand, which means more government spending.
Read more...Rural Hospital Closings Reach Crisis Stage, Leaving Millions Without Nearby Health Care
How rural hospital closures have serious knock-on effects.
Read more...The Cost/Benefit Analysis of No Deal
Looking at the contours of a No Deal Brexit.
Read more...Michael Hudson: Asset-Price Inflation and Rent Seeking
A meaty new paper by Michael Hudson.
Read more...Brexit: Past the Event Horizon
Slouching towards Brexit.
Read more...Why Degrowth Is the Only Responsible Way Forward
Why degrowth is necessary and potentially attractive.
Read more...The Financial Times’ Martin Wolf Discovers that Rentier Capitalism and Financialization Increase Inequality and Hurt Growth
Martin Wolf has a big think about what is wrong in and discovers rentier activity.
Read more...Brexit: A Repeat of the Turmoil of 1914-1922?
What do critical chapters of British-Irish history augur for Brexit?
Read more...Drama in the Oil Markets After Attacks on Saudi Production. But This Isn’t 2007 Anymore
How the shale boom made the US less vulnerable to oil supply shocks.
Read more...Keynes Was Really a Conservative
“The class war,” said Keynes, “will find me on the side of the educated bourgeoisie.”
Read more...Dude! Where’s My Democracy?
People turn to authoritarian leaders not because they distrust democracy but because our system is fundamentally undemocratic.
Read more...The US Massively Underestimates the Trade War Blowback
US trade and economic sanctions not only have not delivered on their stated aims, but they’ve also had unwelcome side effects.
Read more...Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Larry Summers, a barometer of leading edge conventional wisdom, questions Keynesianism as a distortion of Keynes and for its overconfidence in monetary policy.
Read more...Axios: What’s the Actual Cost of Not Addressing Climate Change?
bunking some arguments against Sanders’ climate change program.
Read more...