Classicalism and Revolution
Musing about classicism and revolution in economics and the arts.
Read more...Category Archives: The dismal science
Understanding Inflation Risks in the US and the Euro Area
Fed-type models say US inflation will hang around. So the central bank will try to Do Something when it really can’t do much.
Read more...On the Loss of Public Spiritedness in the West and the Impact on Politics
The boundaries between politics and commerce aren’t as clear in Japan and China as in the West, and we may not be better off for that.
Read more...Finance Group Fails To Deliver at COP26
Finance, which some see as uniquely positioned to save the planet, has already bankrolled 1.5֯ C of warming.
Read more...Among Social Scientists, a Vigorous Debate Over Loss Aversion
Loss aversion, which allegedly explains decision-making — from investor behavior to insurance markets — isn’t ironclad, experts argue.
Read more...Michael Hudson on Truth Jihad Radio Discussing Super Imperialism, Rentierism, and the American Political Duopoly
Michael Hudson gives a wide-ranging talk, including American policy in the post-war era, how economics ignores debt, and class warfare.
Read more...Experts on Inflation: Prognosis, Political Fallout and Who’s Really to Blame
Some non-mainstream experts discuss inflation: what is driving it, how long it might persist, and what if anything the officialdom can do.
Read more...Neoclassical Economics is Dead. What Comes Next?
Economics does not have to be the dismal science.
Read more...Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy
Cheerleading about the much improved jobs picture overlooks how many workers have gone missing.
Read more...Halloween Is Over – Are Corporate Zombies Still Out There?
Corporate debt levels are up due to Covid. Some will businesses will not make it. Restructuring sooner is better for everyone than later.
Read more...Expectations Data Indicate the US Is Entering Recession About Now
Consumers are getting so rattled that they have set off recession warning lights.
Read more...Central Asia’s Neoliberal Tragedy
How the post-USSR neoliberal land grab played out in Kazakhstan and Kyrgyzstan. Needless to say, not pretty.
Read more...Bad Reporting On Latest Sveriges Riksbank Prize In Memory Of Nobel
Not only has the not-really-a-Nobel-prize in economic regularly promoted neoliberal ideology, but even when it doesn’t, the press messes up.
Read more...Michael Hudson: Super Imperialism, 3rd Edition
Michael Hudson’s Super Imperialism strikes again!
Read more...Mzukisi Qobo: The Old Mantra About Growth Has Reached Exhaustion
A perspective from the Global South on the end game for growth.
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