Bill Mitchell: The income-expenditure relationship in macroeconomics – graphic treatment

In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation. Three years later, economist James Tobin issued a powerful theoretical rebuttal — but in the economics mainstream, it’s been […]

‘Catherine Connolly takes office as Ireland’s president today. Her left-wing insurgent campaign took the Irish political establishment by surprise, winning a record number of votes and proving the Left can still triumph even in a […]

The French government has today scrapped plans for a major expansion at Charles de Gaulle airport due to climate change concerns. Read here