The global economy is consuming 100 billion tonnes of materials a year for the first time ever, but the cycling rate of resources has gone into reverse.
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Economics
Bill Mitchell: The NAIRU should have been buried decades ago
Central bankers have resisted buying into the inflation mania because they know that the current price pressures are temporary and they will only worsen the unemployment if they acted as they did in the past. […]
Finance
Michael Roberts – Economic crises: look to science or the rain gods?
“Recently, mainstream economists have debating yet again why ‘economics’ was unable to see the global financial crash coming and/or provide effective policies to end what I have described as the Long Depression that has endured […]
Economics
Quinn Slobodian: The End of Empire and the Birth of Neoliberalism
“Today, the European Union offers the fullest realization of the neoliberal political vision.” This looks like a very interesting book. Here is a lengthy review. Read here
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