Robots and Wage Polarisation
Quelle surprise! Introducing robots into workplaces slows wage growth, particularly among factory labor.
Read more...Category Archives: The dismal science
Saving in Itself Is Merely Negative
Debunking yet another appealing-sounding but elite-serving idea, here the premise that savings is always good and more is better.
Read more...Culture Clash: What 14 Million Images Tell Us About Times A-Changin’
An effort to track culture changes over time via diversity of coiffure and attire….but the data has some not-acknowledged biases.
Read more...The Irrationality of Markets
More evidence that the current level of advanced economy secondary market trading is bad for economic health.
Read more...Repaying Bank Loans Destroys Money
Richard Murphy discusses a key, and not well understood, implication of repaying bank loans.
Read more...How Far Goods Travel: Global Transport and Supply Chains from 1965-2020
A detailed looks at trade patterns and supply chains over the last 50+ years.
Read more...“Tariffs Don’t Protect Jobs. Don’t Be Fooled.”
More discussion of tariffs as the US is using to whack Chinese imports, above all EVs.
Read more...The New Curse of Critical Minerals
An updated look at the classic resource curse.
Read more...Michael Hudson: 18th Century Writers Understand Effects of War Debt Better Than IMF
Michael Hudson explains how the IMF’s view of war debt is dangerously misguided and older economic thinkers had much better take.
Read more...After the European Elections: Fiscal Policy is the Elephant in the Room
Fiscal pressures are set to intensify battles among shifting European leadership groups as to how much to spend and on what.
Read more...The Fed’s “Chicken Run”: Why Sticking with High Rates Will Crash the Economy
How the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
Read more...Freeports Are Dangerous
Rishi Sunak is still flogging his failed freeports initiative as a success. If they were to take off, the winners would be dodgy operators.
Read more...Michael Hudson: Modern (Mis)interpretations of Ancient Debt Cancellation
Modern economists misrepresent how ancient debt cancellation worked, forcing it into contemporary neoliberal /creditor rights frameworks
Read more...Michael Hudson: Some Myths Regarding the Genesis of Enterprise
“Modern” elements of enterprise were present in Mesopotamia in the third millennium BC and the institutions supported long-term growth
Read more...Apple’s “Crush” Ad, Rentierism, and the End of Capitalism?
Apple’s dystopian ode to rentierism.
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