“Many Areas of Appalachia and Mississippi Delta Have Lower Life Expectancy Than Bangladesh”
Four Nobel Prize winners agree that rent-seeking is the biggest driver of rising inequality.
Read more...Category Archives: The dismal science
Lessons From the Demise of the TPP
Yves here. This post makes a point at the end in passing about the value of multilateralism, even though the TPP was otherwise a very bad scheme on multiple levels. This serves as a reminder to mention something I’ve neglected to say. Trump’s plan to enter into bi-lateral trade deals (after supposedly tearing up extant […]
Read more...Tom Ferguson: Monetary Policy Can’t Levitate a Broken Economy
How central banks’ policy remedies have taken big steps backwards.
Read more...Trump’s Win: America’s Failures of Representation and Prospects for Democracy
Looking at why Trump won and the implications for his presidency.
Read more...Sexual Orientation and Earnings: How Being in a Partnership Matters
Sexual orientation does affect earnings, but not necessarily in the way you might have assumed.
Read more...A Moral Challenge to Economists
Economists hide behind specious claims of neutrality and efficiency to advocate policies that often have negative moral and social impact.
Read more...Progressives Need to Promote Deficit Spending Before Trump Makes It His Baby
The failure to do enough deficit spending is a big reason why the Democrats hemorrhaged losses. Progressives need to take up this issue.
Read more...Why Central Bank Models Failed and How to Repair Them
Why macroeconomic models perform so badly.
Read more...The Econocracy: An Interview with Cahal Mora
The new book Econocracy describes how economics training discourages critical thinking, overreaches, overpromises, and underdelivers.
Read more...Investment in Early Childhood Education Yields Substantial Gains for the Economy
Yes, Virginia, more education for the lower orders really does pay off.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...Michael Hudson: Economists’ Deadly but Innocuous-Seeming Proclamations
A wide-ranging interview by Michael Hudson on the mind games that economists play.
Read more...Back From Full Employment To “Inclusive Growth”
“Inclusive growth” is economics NewSpeak for pretending to be concerned about the diminished opportunities for the middle and lower classes.
Read more...Macroeconomics in the Crossfire (Again)
Economists are finally ‘fessing up to the fact that macroeconomics was never all that good and has regressed in recent decades.
Read more...The Electoral Consequences of Globalization
A look at some of the economic and political issues related to globalization.
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