Religion is a ubiquitous social phenomena that can spur or impair economic growth by affecting four elements of the macroeconomic production function – physical capital, human capital, population/labour, and total factor productivity.
Read more...Michael Hudson reprises a favorite theme of how the salutary practice of debt forgiveness came to an end under Greco-Roman oligarchs
Read more...Quelle surprise! Introducing robots into workplaces slows wage growth, particularly among factory labor.
Read more...Debunking yet another appealing-sounding but elite-serving idea, here the premise that savings is always good and more is better.
Read more...An effort to track culture changes over time via diversity of coiffure and attire….but the data has some not-acknowledged biases.
Read more...More evidence that the current level of advanced economy secondary market trading is bad for economic health.
Read more...Richard Murphy discusses a key, and not well understood, implication of repaying bank loans.
Read more...A detailed looks at trade patterns and supply chains over the last 50+ years.
Read more...More discussion of tariffs as the US is using to whack Chinese imports, above all EVs.
Read more...An updated look at the classic resource curse.
Read more...Michael Hudson explains how the IMF’s view of war debt is dangerously misguided and older economic thinkers had much better take.
Read more...Fiscal pressures are set to intensify battles among shifting European leadership groups as to how much to spend and on what.
Read more...How the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
Read more...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...Modern economists misrepresent how ancient debt cancellation worked, forcing it into contemporary neoliberal /creditor rights frameworks
Read more...