Who Benefits From New Technologies?
Do the benefits of new technologies accrue primarily to inventors, early investors, and highly skilled users, or to society more widely?
Read more...Category Archives: The dismal science
The Bank of England Votes for More QE – But This Is a Road That Will Run Out
Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]
Read more...Automation, Globalisation, and Vanishing Jobs
A new take on how automation and offshoring affect employment.
Read more...Covid-19 Recessions: This Time It’s Really Different
Why Covid-19 damage will be lasting.
Read more...Heiner Flassbeck: The Euro Arrangement Is Faulty
Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each Euro member.
Read more...What Are the Three Concurrent Crises of the Coronavirus Depression?
Past theories of crises and why they matter now.
Read more...Michael Hudson and Dr. Jeffrey Miron of Cato Debate Capitalism
Michael Hudson sharpens some of his arguments in a discussion with a Harvard/Cato Institute stalwart.
Read more...The Economics and Politics of Social Democracy: A Reconsideration
The inescapable dilemma facing social democracy
Read more...America’s Chilling Experiment in Human Sacrifice
The US is willing to practice human sacrifice, rather than explore a way of defining wealth outlined by 19th-century thinker John Ruskin.
Read more...Waiting for “Rooseveltian Relief”: An Oversimplified Framework for the Employment Situation
“Nothing fundamental will change.” –Joe Biden
Read more...Mass Unemployment Is a Failure of Capitalism
Why unemployment is a feature of capitalism.
Read more...Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019
Why negative interest rates were a bust.
Read more...Is There Deflation or Inflation in Our Future?
We don’t have a recovery in sight, but some economists are already worried about inflation.
Read more...Become a Manufacturing Powerhouse in 2020—An Economic Recipe for Our Times
On bringing manufacturing back home.
Read more...The Coming Battle for the COVID-19 Narrative
Will the disruption of Covid-19 deal a major blow to market ideology?
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