Unsustainable debt in the poorest nations is not an accident, it is a system. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts Blog The IMF-World […]
When robots constitute a perfect substitute for labour, workers and robots compete directly on the labour market, holding wages down. As a consequence, automation leads to a declining labour income share. Michael Roberts is an […]
How to create radical change without any real change Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts Blog The latest Trade and Development report by […]
Over 140 years ago, Friedrich Engels noted how the private ownership of the land, the drive for profit and the degradation of nature go hand in hand. Michael Roberts is an Economist in the City […]
A look back at the goals of Abenomics and what became of them. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts Blog Over the weekend, […]
Someone eventually had to eventually confirm that the emperor was not wearing any clothes. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts Blog At the […]
Marx: “A general rise in the rate of wages would result in a fall of the general rate of profit, but not affect the prices of commodities.” Michael Roberts is an Economist in the City […]
So much has been said and written about inflation in the past. Now we have the realisation that economists do not understand inflation. Michael Roberts is an Economist in the City of London and a […]
Michael Roberts looks at some newly published books on economics. Michael Roberts is an Economist in the City of London and prolific blogger Cross-posted from Michael Roberts Blog It’s summer in the northern hemisphere and […]
High tech, monopolies, and labour. Michael Roberts is an Economist in the City of London and prolific blogger Cross-posted from Michael Roberts Blog Last Thursday, the US-based global tech giants reported their quarterly earnings simultaneously. […]
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