The latest Nobel prize winners in economics received the award for arguing that countries which achieve prosperity are those that adopt Western liberal democracy, but how do they then explain China? Daron Acemoglu, Simon Johnson […]
Both the Suez Canal and the Panama Canal – two of the world’s most important shipping routes – are “now under stress from various sources”. Published in Bill Mitchell’s blog. Read the article HERE.
Is the absence of a specific value assigned to nature a flaw in Marx’s theory of value? Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog A […]
What Nvidia’s stock market value rising $239 billion in one day tells us about the madness of assessing economic value through the stock market. Riccardo Petrella is Professor Emeritus at the University of Louvain in […]
Beneath the tumult and polarisation of American politics lies serious divides among the US ruling class about how to govern capitalism. George Kerevan is a Scottish journalist and economist, and a former SNP MP. Cross-posted […]
A long read but very perceptive on the relationship between money and material things, focusing on the role of interest rates. J. W. Mason is Associate Professor of Economics at John Jay College, City University […]
The ‘tepid twenties’ are not going well for workers, and it might be about to get worse. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Last […]
Western economies are now well set-up for sustaining wars over the long-term. Satyajit Das is a former banker and author of numerous works. His latest book, published in May, is on ecotourism and man’s relationship […]
A capitalist’s theory of capitalism’s demise. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog Ruchir Sharma has a book out called What went wrong with capitalism? Ruchir […]
China is catching up with the United States, which is why the US is turning to protectionist measures just as the British empire did in the late 19th century to stem the challengers to its […]
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