Bad Samaritans in Foreign Aid
Who’d have thunk it? The notion that foreign aid might be self-interested looks to novel, at least among economists.
Read more...Category Archives: The dismal science
The New Economy and the Tariffs and Tax Breaks to Launch It
Analyses of planned Trump tariffs differ somewhat on the impact, but all find them to be negative. Will the Supremes save Trump from himself?
Read more...Going Back to the Source: A Personal Reflection on Capital, Volume 1
KLG reflects on how Marx’s Capital was an important primer for him in understanding capitalism, and why it remains a seminal guide.
Read more...Industrial Policy: Lessons from China’s Shipbuilding
A study of China’s shipbuilding industrial policy finds big market share gains did not produce domestic welfare benefits.
Read more...Politicians on Corporate Boards and the Cost of Public Procurement
Ties between political parties and boards of government contractors lead to overpriced contracts without any corresponding gains in quality for citizens and consumers.
Read more...Another Nobel for Anglocentric Neoliberal Institutional Economics
New institutional economics won another “Nobel prize”, claiming that good institutions and governance ensure growth, equity & democracy.
Read more...Heterodox Approaches Will Provide Answers to the Multiple Cascading Crises of Our Future
The old normal is rigid and destructive to humans and the planet. Heterodox ideas offer some hope, but will they be sufficient?
Read more...Rob Urie: Failed US Economic Policies Lie Behind Current Geopolitical Tensions
How US fealty to neoliberalism undermined its economy. And why China’s choices are not likely to produce happy outcomes.
Read more...The Fed and the “Soft Landing” – Policy or Luck?
The Fed has little to do with the fall in inflation. Limited labor bargaining power and easing supply chain problems were more important.
Read more...Why is Modern Monetary Theory So Important?
A big reason Modern Monetary Theory elicits pushback is that it threatens power relations, specifically, the perceived primacy of financiers.
Read more...Is US Policy Saving the Dollar or Destroying It?
How the global economy is being restructured, in no small measure due to inept, self-destructive policy moves that undermine dollar use in trade.
Read more...The Myth That the US is Rapidly Approaching Bankruptcy
Michael Hudson and Richard Wolff take apart widespread myths about Federal spending and debts.
Read more...Religion Matters for Economic Growth through Various Channels
Religion is a ubiquitous social phenomena that can spur or impair economic growth by affecting four elements of the macroeconomic production function – physical capital, human capital, population/labour, and total factor productivity.
Read more...Michael Hudson: Forgiveness, Foreclosure, & Christianity
Michael Hudson reprises a favorite theme of how the salutary practice of debt forgiveness came to an end under Greco-Roman oligarchs
Read more...Robots and Wage Polarisation
Quelle surprise! Introducing robots into workplaces slows wage growth, particularly among factory labor.
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