Category Archives: The dismal science

Why We Need to Adopt Friedrich Engels’ Thinking on Science in These Times

Friedrich Engels work on working class included describing how capitalists would not contrain their environmental damage.

Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham

Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.

Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread

Money, lending, government spending, QE….all explained in one tidy post!

Jamie Galbraith: How Jason Furman and Lawrence Summers Reinforce a Destructive, Debunked Mainstream Paradigm to Support Deficit Spending

To defend deficits, Furman and Summers relied on debunked theories, thus preserving destructive mainstream economic ideas.

Spreading Like Wildfire: Luther’s Network and the Early Reformation

How did Martin Luther’s message spread so quickly?

Loneliness, Happiness, and Love in Times of Covid-19

The altered constraints on whom we spend time with imposed by the Covid-19 crisis might have affected human happiness.

Dealing with the Second Wave: Subsidies, Instead of Ordering Closures

Could officials use carrots rather than a stick to induce short-term closures of high risk businesses like restaurants?

Milton Friedman Versus Stakeholder Capitalism

Looking at the damage Milton Friedman did by advocating corporate irresponsibility, which more and more orthodox economists have questioned.

Shareholder Capitalism’s Ugly Legacy

Debunking some of Milton Friedman’s destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.

Demonizing Socialism and “Macroeconomic Populism”: Myths of Soft Budget Constraints

Some econmists have criticized industrial policy as zombie-crearting “macroeconomic populism.” Evidence indicates otherwise.