Paul Craig Roberts on Michael Hudson’s Killing the Host
An introduction to Michael Hudson and his latest book.
Read more...Category Archives: Market inefficiencies
Capitalism Versus The Social Commons
How the struggle over who controls the commons, the monied classes or a broader group of citizens, reveals the fundamental contradictions of capitalism.
Read more...ObamaCare’s Neoliberal Intellectual Foundations Continue to Crumble
A new study shows that health care consumers do not comparison shop, undermining a key assumption behind the ObamaCare marketplace
Read more...No Accounting for Accounting: A Review of Michael Perelman’s “Railroading Economics”
Is accounting suitable as a basis for business rationality?
Read more...How ‘Competitive’ Tax and Incentive Policies Hurt Small U.S. Businesses
Supposedly ‘competitive’ policies on tax favor multinational firms over smaller, locally-based ones and also reduce market competition.
Read more...Why Bernie Sanders Should Add a Job Guarantee to His Policy Agenda
Bernie has unapologetically rejected sclerotic visions of what is ‘politically possible’. And now he should add the Job Guarantee to his list of issues.
Read more...Is the Local Economy the Solution to a Post-Capitalist World?
Relocalization has the potential to increase political accountability and revitalize communities. But how do you make it happen?
Read more...The Decline in Market Liquidity
While the Fed isn’t worried about the fall in market liquidity, experts argue that if investors make abrupt changes in their portfolios, the lack of liquidity could produce a crisis.
Read more...Godzilla vs. Mothra vs. You: The Health Care Industry Consolidates
Causes and consequences of consolidation in the health care industry
Read more...John Helmer: Tulip Sanctions – Russia Busts the Dutch Flower Trust, Almost
The Dutch flower market is a monopolist under assault. A case study of an economic and political struggle.
Read more...Perry Mehrling: Flash Crash Explained by HFT
The official report on the October 15, 2014 “Flash Crash” raises some questions which unfortunately it does not answer.
Read more...Wolf Richter: Microsoft Tallies the True Costs of the M&A Boom: Layoffs, Write-Offs, Shut-Downs, and Economic Decline
Microsoft illustrates the real-world fallout of letting corporate executives, either out of desperation or out of finding deal making more fun than the grind of making businesses perform better, follow the siren song of M&A mavens.
Read more...Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...Wolf Richter: “Smart Money” Prepares to Profit from Bond Market Rout
“If I had an easy way and a non-risk way of shorting a whole lot of 20- or 30-year bonds, I’d do it,” said our favorite uncle Warren Buffett on CNBC. These kinds of bonds have been on a terrific bull run ever since Paul Volker, as Chairman of the Fed, cracked down on inflation. But now, even the avuncular face of capitalism would bet against them.
Read more...Rajiv Sethi: Spoofing in an Algorithmic Ecosystem
A London trader recently charged with price manipulation appears to have been using a strategy designed to trigger high-frequency trading algorithms. Whether he used an algorithm himself is beside the point: he made money because the market is dominated by computer programs responding rapidly to incoming market data, and he understood the basic logic of their structure.
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