Reallocation Effects of the Minimum Wage
Raising minimum wages is good for workers and (surprise!) company operations! Too bad those whiny managers worry they will skim less.
Read more...Raising minimum wages is good for workers and (surprise!) company operations! Too bad those whiny managers worry they will skim less.
Read more...Repeat after me: trade deficits = exporting jobs. The latest results confirm how crappy US policies are.
Read more...Thomas Piketty and Micheal Hudson address “What is debt,” and also address inequality, rentierism, and reform in the West and China.
Read more...A look at how Covid has damaged the economy and estimating the effect.
Read more...An important new paper puts another big chink in private equity’s armor.
Read more...A wrongheaded paper from the Jackson Hole conference that depends on the loanble funds fallacy lets central bankers off the hook.
Read more...An increase in perceived uncertainty does indeed increase the value of waiting, thus reducing job creation.
Read more...How economically faltering British aristocrats monetized their titles.
Read more...From taming Big Tech to competing with China, Western governments are retreatig from neoliberalism. But what comes next?
Read more...Prabhat Patnaik on imperialism and capitalism: to accumulate wealth, somewhere demand must be suppressed to provide cheap inputs.
Read more...On the short-sightedness of over-reliance on hard data.
Read more...Marking the 50th anniversary of the end of the Bretton Woods economic system.
Read more...Despite the commonly held views of economists on regulatory capture, our profession has been much more hesitant in recognising similar conflicts of interests that may exist in economics research.
Read more...A new angle on why workers lose out as globalization increases.
Read more...Michael Hudson gives another wide-ranging, tour de force interview. Enjoy!
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