Apprenticeship and the Rise of Europe
How the apprenticeship system developed and gave Europe an edge.
Read more...Category Archives: The dismal science
Keynesianism and the Great Recession
Why abandoning Keynesianism in favor of neoliberalism set up the financial crisis and led to inadequate post-crisis responses.
Read more...Bank of International Settlements Paper Confirms That High Levels of Household Debt Hurt Growth
We’ve written from time to time that not all debt is created equal. Prudent business borrowing enables companies to make investments and expand operations. And even though governments like the US that issue their own currency may nevertheless sell bonds, operationally they can simply create more dough to fund spending. The constraint on spending is […]
Read more...Bill Black: The 2016 Nobel Prizes in Economics Go to Defenders of Criminogenic Policies
Yet another dubious Swedish central bank fake Nobel Prize award…
Read more...Bill Black: Kenneth Arrow’s (Ignored) Impossibility Theorem
Nobel Prize winner Kenneth Arrow’s most celebrated theorem illustrates why economics isn’t just wrong-headed but actually destructive.
Read more...“Inflation’s Comeback”
Some at-times unintentionally revealing Serious Economist discussions of inflation risk.
Read more...Book Review: The Econocracy
The new book Econocracy describes how economics has become a narrow ideology with far too much power and what can be done about it
Read more...Don’t Side With Neoliberalism in Opposing Trump
If you side with neoliberalism in opposing Trump, you risk helping him win a second term in office.
Read more...Wolf Richter: Central Banks Quietly Backing Out of Negative Interest Rate Policies (NIRP)
Are central banks finally beating a retreat on their failed NIRP strategies?
Read more...Why the “Maximize Shareholder Value” Theory Is Bogus
Why the bogus shareholder value theory of corporate governance needs to die.
Read more...How Colonialism Shaped Modern Inequality
How European colonialism played a major role in the massive economic inequality we see today.
Read more...Does Saving Cause Lending Cause Investment? (No.)
Some data to debunk a widely-held belief about the relationship between saving and investment.
Read more...Trumping Capitalism?
Will Trump change capitalism, and if so, how?
Read more...Why the Pursuit of Shareholder Value Kills Innovation
Why are public companies not terribly innovative?
Read more...re: F@ck Work?
Why the Job Guarantee versus Universal Basic Income is not about work, but about governance.
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