With dpressed wages the question was, how can workers buy the products that capitalists produce when they had so little money in their pocket? The answer: credit.
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Economics
Bill Mitchell: The effectiveness and primacy of fiscal policy – Part 3
“This is the final part of my three-part series on the why I have confidence in the primacy of fiscal policy over monetary policy and eschew any proposals, by other Modern Monetary Theory (MMT) advocates […]
Economics
Dani Rodrik: “Globalization Has Contributed to Tearing Societies Apart”
In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and why the only solution to the rise of political populism is […]
Economics
BBC: Coronavirus: Uber announces drastic cuts to secure its future
Even Über Eats, despite a surge in income, is still loss making. Read here
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