The US economy would be in recession-territory if it were not for the enormous bet that has been placed that AI really will deliver productivity growth in short order, a bet that looks perilous. Michael […]
Gold is another speculative asset class and a hedge against the US Dollar. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog This week the price […]
Libertarian economics was always farcically out-of-touch with the realities of modern capitalism and it has proved as such in the case of Javier Milei, perhaps the world’s only libertarian head of state. Michael Roberts is […]
The UN is going the way of the League of Nations in the 1930s: unable to stop the imperialist powers from starting wars, it loses all purpose. Michael Roberts is an Economist in the City […]
Marxist economic analysis of immigration, China, profitability and whether exchange value can be derived from knowledge. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog The […]
The growing signs of stagflation defy mainstream analysis, which is predicated on the idea that employment and inflation are always moving in opposite directions. Michael Roberts is an Economist in the City of London and […]
Fossil fuels have helped Norway become one of the richest countries in the world, but political divisions over the future of energy policy and inequality are growing. Michael Roberts is an Economist in the City […]
The IMF and its academic acolytes want more austerity and privatisation, ignoring the fact that these ‘good policies’ are what got us here. Michael Roberts is an Economist in the City of London and a prolific […]
Central banks don’t really control inflation. Their real purpose is to protect financial assets at the expense of workers’ wages. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from […]
A run-through of a good chunk of the latest political economy literature. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog It’s mid-summer in the Northern […]
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