Unhappy New Year: How Austerity is Making a Comeback in Berlin and Brussels
How EU states are still trapped in their self-devised austerity hairshirt.
Read more...Category Archives: The dismal science
American Household Debt: A Reappraisal
An attempt to correct the “blame the poors” approach to the reality and systemic risk posed by debt among lower-income borrowers.
Read more...Rarely in the Field of Human Endeavour Has One Rather Small Profession Caused So Much Harm to Humankind as Neoclassical Economists Do Now
Not enough bad can be said about neoclassical economics. The focus today is inflation policy.
Read more...From the Great Divergence to South-South Divergence
A discussion of the need to replace the Great Divergence framework illustrates how economists often cling to outdated ideas.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...Selfishness Cannot Be the Basis of Society
A stereotypical case of an economist putting market concepts over society….worse in family relations.
Read more...World Bank Enables Private Capture of Profits, Public Resources
The World Bank insists on private finance or economic recovery but does little to ensure profit-hungry commercial finance serves the public
Read more...Is Neoliberalism Really Dead? Or Does It Live on Like a Zombie?
Neoliberalism is still doing a fine job of zombifying economies, but the doctrine sadly is in rude health.
Read more...Yanis Varoufakis: Europe’s 15-Year Slump
The survival of the euro has come at the cost of Europe’s permanent stagnation and continuing fragmentation
Read more...Keep Capitalism Out of Conservation
Trying to use capitalsm to justify environmental protection: not a happy mix.
Read more...Wall Street Journal: “Why No One Wants to Pay for the Green Transition”
The green energy transition, which truth be told has not gotten very far, is already hitting a wall.
Read more...How Finance Capitalism Ruined the World – Dr. Michael Hudson & Dr. Steve Keen
Micheal Hudson and Steve Keen review how finance capitalism prevailed over industrial capitalism, and why that produced bad outcomes.
Read more...Restructuring of the Global Economy – Michael Hudson, Alexander Mercouris & Glenn Diesen
A wide-ranging talk, both geographically and historically, on the accelerating changes in the global economy
Read more...What Does Mustard Gas Have in Common with Crypto and Blockchain?
In Let Them Eat Crypto, Peter Howson warns that these schemes are fraudulent and causing indefensible harm to both humanity and the planet.
Read more...Resources to Save ‘Every Creeping Thing of the Earth’ Are Limited. What Would Noah Do?
A discussion of Martin Weitzman’s ideas about the best way to look at species preservation.
Read more...