Extreme Poverty Cut in Half? Only in the Minds of the Capitalists
The much-touted fall in extreme poverty is more the result of bad or cherry-picked metrics than real progress.
Read more...Category Archives: Economic fundamentals
Skyscrapers and Land Values: Evidence from Chicago on the Costs of Building Tall Cities
Why “building tall” is not an answer to urban housing affordability.
Read more...Wolf Richter: Pickup Sales Boom, Cars Get Crushed, Tesla Deliveries Plunge
Car sales hit an air pocket in October.
Read more...The Economic Consequences of Martin Luther: The Protestant Reformation and the Allocation of Resources in Europe
How the Protestant Reformation transformed not only Western Europe’s religious landscape, but also its politics and economy.
Read more...Falling Pound Might Not Bring UK Trade Balance Boost
More confirmation that a cheaper pound won’t help the UK’s trade balance.
Read more...Catalonia and Spain Enter Dangerous Uncharted Territory
Some initial reactions to Catalonia’s declaration of independence and Madrid’s initiation of direct rule.
Read more...The Rise and Fall of the Phillips Curve
The Phillips Curve is broken and is used by policy-makers to hurt workers. Can it be fixed?
Read more...UK Leaders Starting to Crack as Brexit Realities Finally Sink In
Brexit bravaura is scarce in evidence in Whitehall.
Read more...Ilargi: Is Capitalism Dead or Merely Dying?
None other than New Zealand’s prime minister has issued a blistering critique of capitalism. Can it be saved from itself?
Read more...Shocking the Shock Doctrine: What Recovery in Puerto Rico Could Look Like
How an anti-neoliberal recovery plan is starting to get traction in Puerto Rico.
Read more...Why Those Looking for the Next Crisis May be Looking in the Wrong Places
More and more experts are nattering nervously about market risk and occasionally using the “crisis” word. What are the potential hazards?
Read more...UK Oil And Gas Costs To Rise 100% If Brexit Fails
A concrete example of why a disorderly Brexit is not a good idea.
Read more...May Rebuffed in Personal Brexit Lobbying in Brussels, Yet Much of UK Press Spins Otherwise
The latest Brexit follies….
Read more...An Irrational Choice: Behavioural Economist wins Nobel Prize
A round–up of reactions to behavioral economist Richard Thaler’s selection for the so-called Nobel Prize for Economics.
Read more...May to Plead With Merkel as Brexit Deadlocks Domestically Too; New Data Shows UK Lacks Foreign Reserves, Meaning Even More Vulnerable to Brexit
New data showing that the UK has negative net foreign assets throws even more cold water on the idea of a Glorious Brexit.
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