The old rubbish seems to survive among journalists concerning state deficit spending being an economic sin. But in mainstream media journalists are not paid to learn and understand, but to propagate opinions and biases of […]
Since the mid-20th century, economic growth has become a sort of Holy Grail for measuring how economies are doing. But there are real problems using this method as it ignores increasing inequality and worsening environmental […]
“The transition to post-capitalism requires a change in production and distribution based on wage labour, which will result in fundamental restriction of the role of markets.” John Weeks is Professor Emeritus, School of Oriental & […]
Capitalism is celebrated by the liberals as a success story. But, since the liberals came to power, capitalism has lost an enormous amount of its allure. There is no right policy when the thinking behind […]
Do not be frightened away by the term NAIRU. It is rather simple to understand and is explained in the article. Although one of the key theoretical pillars of neo-liberalism is has been found to […]
The decline of Deutsche Bank has been crafted to a bank story in mainstream media. Richard Murphy quite rightly asks if it could be a market story. Richard Murphy is Professor of Practice in International […]
There are three fundamental issues that lie at the heart of our current economic malaise: the first is unearned income and wealth from land rent, the second is the creation of money by privately owned […]
If you wish to understand what will be occurring on the world economic scene this week, here is your chance. Michael Roberts is an Economist in the City of London and prolific blogger Cross-posted from […]
This installment covers my views on MMT (Modern Monetary Theory), QE (Quantitative Easing), and the need for a Modern Debt Jubilee. Part 1 is here.
Capitalism is celebrated by liberals as a success story. But it was precisely the rule of liberalism that drove the market economy into a major crisis. A reflection on 70 years of post-war economy. Heiner […]
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