The dismal science

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Milton Friedman Versus Stakeholder Capitalism

Published by Anonymous (not verified) on Thu, 15/10/2020 - 9:48pm in

Looking at the damage Milton Friedman did by advocating corporate irresponsibility, which more and more orthodox economists have questioned.

Shareholder Capitalism’s Ugly Legacy

Debunking some of Milton Friedman's destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.

Demonizing Socialism and “Macroeconomic Populism”: Myths of Soft Budget Constraints

Published by Anonymous (not verified) on Wed, 16/09/2020 - 11:55pm in

Some econmists have criticized industrial policy as zombie-crearting "macroeconomic populism." Evidence indicates otherwise.

Wolf Richter: Unemployment Crisis Going in Wrong Direction: Week 25 of U.S. Labor Market Collapse

Unemployment claims continue to increase, with nearly 20% collecting unemployment insurance. even according to the stringent claims criteria.

America’s Dire Inequality Demands a New Conceptual Framework. This Economist Has One.

Lance Taylor explains that wage repression — far more than monopoly power, offshoring or technological change — is driving rising inequality.

Michael Hudson: Debt, Land and Money, From Polanyi to the New Economic Archaeology

Published by Anonymous (not verified) on Sat, 05/09/2020 - 6:52pm in

Tracing key influences on Karl Polanyi as welll as some of his important initiatives after The Great Transformation.

Steve Keen: Eulogy to David Graeber

Published by Anonymous (not verified) on Fri, 04/09/2020 - 2:01pm in

A personal remembrance of the scholar and activist David Graeber.

Journey into a Libertarian Future: Part IV – The Journey into a Libertarian Past

Published by Anonymous (not verified) on Wed, 02/09/2020 - 6:02pm in

The libertarian justification of hierarchies and expropriation of land.

The Wealth of Corporations: Why Firms Have Zero Net Worth, and Why It Matters

Published by Anonymous (not verified) on Tue, 25/08/2020 - 8:53pm in

A theory of net worth and what that means for measurements of wealth.

Koch Influence Taints New Tufts-Based Think Thank: The Tentacles of the Mercatus Center

Published by Anonymous (not verified) on Mon, 24/08/2020 - 11:55pm in

A timely reminder that despite the raging pandemic, Koch interests keep up their efforts to influence politics and academia.