Austerity
Bill Mitchell: Reliance on monetary policy is mindless, ideological nonsense
Although the article is about the current economic situation in Australia, it is applicable to the EU. Read here
Finance
Economics
Frances Coppola: The Real Threat From Facebook’s Libra Coin
There is one aspect of Libra that should worry everyone – and almost nobody is talking about. Read here BRAZIL – 2019/06/24: In this photo illustration a Facebook Libra logo seen displayed on a smartphone. […]
Economics
Branko Milanović – What’s with population density? Economic history speculations
One of those typically thought provoking pieces by Branko Milanović: Why is population density associated with both lower inequality and lower extraction? Branko Milanović is an economist specialised in development and inequality. His new book […]
Economics
William Lazonick – The idea that businesses are run to maximize profits for shareholders is just plain wrong
Ever heard that a corporation’s sole duty is to maximize value for shareholders? In the go-go ‘80s, business schools, government organizations, and most public companies took up this mantra. It stuck around. William Lazonick, emeritus […]
Economics
Reuters: Spanish manufacturing shrinks in June at fastest rate in six years – PMI
As Juan Laborda writes here the Spanish government under pressure from the EU is leading Spain into a recession. Read here
Economics
The Case for People’s Quantitative Easing by Frances Coppola
Book review by Mathew D. Rose Polity describes its series “The Case for” as “making the case for the radical, positive policies that we need to tackle these big problems – a dysfunctional economy, wealth […]
Austerity
Juan Laborda – Economic Orthodoxy: Responsible for the Next Spanish Recession (I)
In Spain a balanced budget, together with the combination of a fiscal surplus and current account deficit, would lead to a recession similar to that of 2008. This is supported by today’s PMI reading Juan […]
Economics
Michael Roberts – Facing Up To Libra
Continuing our series on Libra, we are posting an anlysis by the Marxist economist Michael Roberts. Libra is the name that Facebook, the global social network company, is calling its planned international digital currency. What […]
Austerity
Jorge Uxó, Nacho Álvarez – Can We Resuscitate Fiscal Policy in Europe?
The EU economy is going nowhere (nor the EU for that matter), which is the essence of reactionary politics – and Germany is certainly providing the EU with enough of that. On the other hand […]
Economics
Stan Jourdan – It is Time to Review the ECB’s Monetary Policy Strategy
The ECB’s constant failure in forecasting and delivering inflation close to 2% is revealing an important crisis of thinking in the ECB’s policy making. 20 years after the creation of the euro and 10 years […]