Category Archives: Economic fundamentals

New IMF Paper Challenges Neoliberal Orthodoxy

A new IMF paper takes on some neoliberal sacred cows.

Scenes From Paris Protests (and an Update from Alison)

A sighting from the protests in Paris over proposed anti-labor regulations.

Philip Mirowski: This is Water, or Is It the Neoliberal Thought Collective?

The history, internal contradictions, and frequent mischaracterization of the nature and operation of neoliberal ideology.

IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough

The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.

Another Day, Another Indication that the Clinton Campaign Remains Dangerously Clueless About What Will Matter Most in the General Election. Ho-hum.

The Clinton campaign keeps harping on identity politics, and ignores some of Trump’s major points of vulnerability. They can’t afford mistakes like that.

Free Trade in Rhetoric, Not in Practice

The gap between the posturing and practice of free trade.

Helicopter Money: The Illusion of a Free Lunch

Does helicopter money come with a hidden price tag?

Neoliberalism’s Press Gangs: How Markets Raise Costs

Neliberalim’s press gangs – forcing citizens to participate in capitalism when even it produces worse outcomes than public ownership would.

How the “Maximize Shareholder Value” Myth Weakens Companies and Economic Systems

A multi-level, biological perspective on business shows how simple-minded ideas like “maximize shareholder value” and tolerating predators aredestructive.

Economics for the Rest of Us Explains NAIRU, Including Its Political Implications

An explanation of NAIRU for novices, as well as a discussion of its politics.

The New Abnormal: “Disequilibrium Flirting with Deflationary Depression”

The New Abnormal: a period of profound disequilibrium as the aftershocks of the Crisis collide with and complicate structural changes.

Sanders and Class Struggle in the Democratic Party

Sanders versus Democratic Party’s institutionalized corruption and domination by billionaires.

Wolf Richter: Business Loan Delinquencies Spike to Lehman Moment Level

While consumer credit card and mortgage delinquencies are tame, business loan delinquencies have taken a big turn for the worse.

Hard Landing Coming Soon? Chinese Officials Set Off Red Alert on Debt, Urge Serious Measure to Contain It

Chinese officials sent a serious warning about ending debt growth. If they are serious, the shock waves will engulf not just China but also the global economy.

Gerald Friedman: How the Dogmatic Despair of Mainstream Economists Brought You Donald Trump

Mainstream economists to ordinary citizens: Drop dead. Or more accurately: Sorry, nothing more can be done for you. There is No Alternative.