In 1967, Milton Friedman launched a counterrevolution in economics that overturned the Keynesian theory of inflation. Three years later, economist James Tobin issued a powerful theoretical rebuttal — but in the economics mainstream, it’s been all but forgotten.
The historian Philip Mirowski says the left lacks a compelling story about how markets work, and for too long has conceived of government and markets as separate entities. Read here
We are not a liberal democracy but a liberal capitalist democracy and the most important part of that phrase is ‘capitalist’. It is the capitalists who set the limits of liberalism’s and democracy’s scope. Read […]
The leader of the radical left hopes to win the legislative elections in June. Labor Day protests on May 1st will be the the left’s first show of strength against President Macron Read Here © […]
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