. What yours truly most admires about Ann Pettifor is her ability to cut through economic abstraction with clarity and moral purpose. She identifies what most mainstream economists miss: that finance is not a mere technical side note, but the very arena where power and real-world consequences collide. Her Minsky-Keynes-inspired analysis of the financial system … … Continue reading
economics
Jamie: Lars, perhaps a useful place to start would be with some introductory comment on what informs your reasoning. Whilst your postings range across many subjects you regularly return to a common theme. Specifically, the use economists make of mathematics to express theory and of analytical statistical techniques to conduct research. What are the key … … Continue reading
The 2026 Oxfam report, Our Unequal Sweden, issues a damning indictment of the nation’s economic trajectory, systematically dismantling the enduring myth of Swedish egalitarianism. It reveals a society undergoing a profound and deliberate schism, where escalating mass vulnerability exists in parallel with unprecedented wealth consolidation among a tiny elite. The empirical evidence is overwhelming and … … Continue reading
One of the most important things to understand about companies and countries both is the difference between sustainable prosperity and burning down the house. You’re probably aware that Boeing has serious problems. Those problems have been obviously “on the way” for a long time. When Boeing moved its headquarters from Seattle (where it makes most […]
Jaysus on a popsicle, Mary and all the Saints do I have some egg on my face. Since January 27 silver has been on one seriously wicked ride. I’ve been banging my head to Metallica’s Whiplash for the last ten days. So, WTF happened? In short: from where I sit the paper markets are trying […]
A few years back, I had an interesting discussion over at the Real-World Economics Review Blog with Paul Davidson on ergodicity and the differences between Knight and Keynes concerning uncertainty. It all began when I commented on Davidson’s article Is economics a science? Should economics be rigorous? : LPS: Davidson’s article is a nice piece — but … … Continue reading
by Koray Caliskan* Over the past few decades, the idea of performativity has quietly reshaped how many of us think about markets, identities, technologies, and institutions. The basic intuition is simple but powerful: descriptions and representations (scientific or not) do not merely reflect the world; under the right conditions, they help bring it into being. […]
~by Sean Paul Kelley Everyone is talking about gold topping $5k an ounce. The yellow metal is captivating and big moves by it tend to suck all the oxygen out of the media space regarding other metals. In 2025 gold rose a whopping 64% against all comers, i.e the dollar, the S&P 500, oil, Bitcoin […]
My Lords, first, I distance myself from the Opposition’s onslaught on Rachel Reeves. To my mind, she is a tragic figure rather than an incompetent one. She is trying to do her best for her people and the country but is in hock not just to the bond markets but to mistaken academic orthodoxy which, … Continue reading Budget Speech 2025 November
Regeringen genomför nu en historisk omläggning av arbetsmarknadspolitiken. A-kassan trappas ned, bidragen stramas åt och hårda aktivitetskrav införs. Budskapet är tydligt: det ska löna sig bättre att arbeta, och kosta mer att vara arbetslös. Många på vänsterkanten avfärdar detta som ren elakhet mot de utsatta. Men det är ett misstag att förenkla regeringens strategi till […]