Economists’ Dubious Relationship with Trade Policy: Comparative Advantage is a System that Works for the Wealthy
The great unwashed public has good reason to doubt what economists say about trade.
Read more...Category Archives: The dismal science
Milton Friedman’s ” The Role of Monetary Policy” – 50 Years Later
Like it or not, Milton Friedman is still very much with us.
Read more...Climate Policy: When Starting With the Most Expensive Option Makes Sense
Why much of what you thought you knew about climate change mitigation is wrong.
Read more...Job Guarantee Winning More Fans on the Left and Right
The Job Guarantee is (finally) a topic that can be discussed in polite company.
Read more...How the Agricultural Revolution Changed our Social and Economic Evolution
How agriculture produced ultrasociality, a major change in human evolution.
Read more...The Decline in Quality of Manufacturing Entrepreneurship in the US
Yes, Virginia, US manufacturing is going downhill at the bottom of the food chain as well as from the top.
Read more...Mr. Market Has a Hissy Fit Over Trump’s “Coming Soon” China Tariffs
How much of the upset over Trump’s planned China tariffs is warranted?
Read more...Economists Shocked That China Invalidates Their Pet View That Economic Liberalization Producers Political Liberalization
Another economic fantasy, that the trade liberalization promotes the spread of democracy, takes some hard knocks from China.
Read more...How to Construct a New Invisible Hand: A Conversation with Peter Barnes
Higher-level selection is the invisible hand.
Read more...Michael Hudson: Trump’s Travesty of Protectionism
Why Trump’s tariffs hit the wrong target.
Read more...Why Trump Is So Clumsy About Fighting ‘Free Trade’
Why what looks like a trade problem is really a financialization problem, and therefore there are much better solutions than using tariffs.
Read more...Even McKinsey Gets It: High Wages Improve Economic Performance
McKinsey is turning on neoliberal orthodoxy by advocating high employment, high wage, high demand policies.
Read more...With Official Unemployment This Low, Why Are Wages Rising So Slowly?
Why has wage growth been lousy in a supposed recovery? Thank your politicians for fostering the growth of the precariat.
Read more...Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Read more...Dire Consequences of Ignoring Trade in Climate Change Targets: On Track to 3.5 C Temperature Increase by 2100
Astonishingly, climate change accords like Kyoto and Paris ignore the impact of trade. That omission means our collective goose is cooked.
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