Wage Stagnation and Productivity: Challenging the Conventional Analysis
Stagnating real wages may have contributed to the slowdown of US productivity.
Read more...Category Archives: The dismal science
There is No Nobel Prize in Economics
Yves here. From time to time, readers chide us for lacking the patience to spell out the proper name of economics profession’s imitation Nobel Prize. J.R. Swenson is particularly annoyed by this practice and is highlighting some of the (sadly still few) instances within the discipline of pushing back against the brand appropriation. To highlight […]
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...Michael Hudson: A Depression Is Coming
Economist Michael Hudson explains the inflation crisis and warns a “long depression” is coming, due to the new cold war on Russia and China.
Read more...The Fed Tackles Kalecki
A well regarded paper by Fed researchers challenges conventional views on the relationship between inflation and employment
Read more...Michael Hudson: The Fed’s Austerity Program to Reduce Wages
The Fed, following neoclassical orthodoxy, hates having ordinary workers properly paid.
Read more...Michael Hudson Talks About Almost Everything with Jonathan Brown
Another blockbuster interview with Michael Hudson.
Read more...Global Supply Chains Rattled by Winds of War
An analysis of the concentration of key commodities in supply chains shows why the Russia sanctions are having some outsized effects.
Read more...What Is Really Causing Our Inflation: “Inflation in a Time of Corona and War”
Finally! Evidence-based answers to the main (policy) questions concerning the return of high inflation.
Read more...Getting Out of the Rat Race: Is an “Age of Leisure and Abundance” Possible?
Why can’t we have nice things like leisure time?
Read more...Understanding the Global Rise in Inflation
How high demand for traded goods is generating inflation, and central banks hitting the brakes is likely to hit growth unnecessarily hard.
Read more...Fighting Inflation Excuse for Class Warfare
Too many central bankers are raising interest rates at the expense of working people’s families, supposedly to check inflation.
Read more...Whither Hegemony? Prof. Wen Tiejun Foreword to Michael Hudson’s The Destiny of Civilization
The development and future of America’s hegemony is a major focus of Michael Hudson’s new book, The Destiny of Civilization.
Read more...When Central Bank Saviours Are the Problem
Countries around the world will suffer from central bank malpractice as the Fed and its peers act as if they can treat supply side inflation
Read more...James Galbraith: The Dollar System in a Multi-Polar World
On the rise and decline of the dollar system.
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