Category Archives: The dismal science

Michael Hudson: Review of Steve Keen’s “Can We Avoid Another Financial Crisis?”

Steve Keen’s book is a compact, layperson friendly evisceration of mainstream economics and efforts to defend banks at the expense of citizens.

Taxes, and the Parable of “Turning Litter Into Money”

I take my business cards out here, and these are twenty dollars a piece, if anybody wants to buy any. No? Any takers?

The Operation and Demise of the Bretton Woods System: 1958 to 1971

Even though the Bretton Woods system was short lived, legacies like the dollar standard remain and are likely to be with us for some time.

Against False Arrogance of Economic Knowledge

The shortcomings of economic reasoning are well known, yet mainstream practitioners embrace and defend them.

The Failure of Austerity in the Great Recession

More evidence that austerity is a bad idea.

How Land Disappeared from Economic Theory

Why the removal of land from economic theory is a glaring oversight.

Embracing the Silver Economy

Does the silver economy, meaning one where the over 65 age cohort is growing faster than other age groups, have a silver lining?

The Paradoxes of Fiscal Austerity in Brazil

Brazil as a test case of austerity per neoliberal theory v. outcomes.

MIchael Hudson: The Democracy Collaborative

Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.

The Mechanical Turn in Economics and Its Consequences

A historical discussion of the fondness of economics to envision economies as machines.

Reader Query: Do You Feel Facebook Ads Target You Accurately?

Facebook advertising metrics and you!

Here Come the Robots: Your Job Is at Risk

How robots threaten jobs in emerging economies.

Taxing Robots?

Contra Bill Gates, economists are not keen about taxing robots.

Can Uber Ever Deliver? Part Nine: The 1990s Koch Funded Propaganda Program That is Uber’s True Origin Story

The perception that Uber is a competitive success comes from a recycled propaganda campaign.