“Smith failed to acknowledge the amorality of market forces…He failed to recognize that speculators and gamblers, thieves and fraudsters often flourished while people of industry, prudence, and circumspection were broken by forces outside their control” […]
Most developed nations are capable of using their own currency to pay for exports, thus having a better chance of managing its debt in foreign currencies. This is not true of developing nations according to […]
Words of reason for supporting Italy in its current crisis, but this is about German led social re-engineering in the EU rather than economics. Sergio Cesaratto is Professor of Growth and Development Economics and of […]
Currently – actually it was always a problem – it is difficult to find anything terribly insightful concerning Brexit. John Weeks was always the exception. He simply follows the money, which very effective. He also […]
David Harvey is the foremost Marxist thinker about political economy and has been teaching Karl Marx’s Capital for over 40 years. He currently teaches at the Graduate Center of the City University of New York. Prof. Harvey has written […]
Book review by David Shirreff Robert Skidelsky, acclaimed biographer of Keynes, anatomises an economic and monetary landscape that could be fertile ground for a Keynesian revival There is something seriously wrong with classic economic […]
During the Brexit debate we have concentrated our coverage on the real cause of the successful referendum: the destructive neo-liberal policy of the EU that has caused so much suffering and misfortune for so many. […]
Kevin MacKay contends that oligarchy has been a more fundamental cause of the collapse of civilisations than social complexity or energy demand. Control by oligarchs, he argues, thwarts rational decision-making, because the short-term interests of […]
Climate breakdown could be rapid and unpredictable. We can no longer tinker around the edges and hope minor changes will avert collapse. Read here
Bill Mitchell on one of the EU´s current neo-liberal mega projects: TISA (“Trade in Services Agreement”). Read here
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