Michael Roberts: Modern Monetary Theory – Part 1: Chartalism and Marx

In this article, we want to ask the simple question of how Argentina’s central problem, extremely high inflation, is to be tackled by the “markets”. Thereby, we use the contrasting example of Turkey, which is […]

Is Marx’s theory of the falling rate of profit still a compelling explanation for economic crises? Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog In the […]

Producer prices in Germany are now also in free fall. After high minus rates were recorded in Spain and Italy in the previous months, the statistics for July also show minus six percent for Germany. […]