Friday , February 21 2025

Heterodox

What is new?

They’re coming for Social Security
2 days ago
[unable to retrieve full-text content]“Before President Donald Trump started mass layoffs of federal workers, he demonized them, arguing, despite evidence to the contrary, that most never went into the office. “As he moved to cut foreign aid, he and Elon Musk alleged widespread waste and abuse, although they offered little evidence to back up their claims and may simply […] The post They’re coming for Social Security appeared first on Angry...

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Wages Have Not Caught Up with Previous Inflation
2 days ago
Cannon ball don’t pay no mind . . .
2 days ago
Silence of the Lambs . . . Congress
3 days ago
Economic Data
3 days ago
Do Democrats and progressives need a marriage counselor or a divorce lawyer?
3 days ago
Geneva plans to pay NGO wages after US foreign aid freeze
3 days ago

Ann Pettifor: Debtonation

Verso Live: Ann Pettifor and The Care Collective
September 24, 2020
The politics of radical care Carelessness reigns; ‘self care’ is self-serving; privatisation is swamping the care sector; in this time of global pandemic and care crisis The Care Collective are joined by Ann Pettifor, author of The Case for the Green New Deal, to discuss their new proposal for caring change: The Care Manifesto. This ...

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World Class Live Casino & Online Sports Betting
August 28, 2020
IST2020 Keynote by Ann Pettifor
August 19, 2020
IST 2020 Ann Pettifor – Graphic Recording
August 19, 2020
Permainan Judi Bola Online Paling Digemari di Agen Sbobet Terpercaya
August 4, 2020
#betd2020 Speaker Statement: Ann Pettifor
August 3, 2020
Agen Judi Bola Terpercaya Paling Direkomendasikan Di Indonesia
July 27, 2020

Baseline Scenario

A Few Quick Announcements
May 9, 2023
By James As I wrote a couple of years ago, I don’t post here anymore. I just have a couple of updates for people who subscribe and may be interested in my work. I upgraded my personal website to the 21st century. I have a new book! The Fear of Too Much Justice: Race, Poverty, and the Persistence of Inequality in the Criminal Courts is coming out on June 20 from the New Press. My co-author is Stephen Bright, a legendary death penalty...

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Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports
October 11, 2022
Assessment: Stacey Abrams’ Budget Plan
October 5, 2022
Imposing Sanctions on Russian Energy Exports
March 4, 2022
Quick Housekeeping Note
December 5, 2020
Quick Housekeeping Note
December 5, 2020
Moving On
December 3, 2020

Chris Blattman

Cyber Warfare Is Getting Real: The risk of escalation from cyberattacks has never been greater—or the pursuit of peace more complicated
December 18, 2022
In 2022, an American dressed in his pajamas took down North Korea’s internet from his living room. Fortunately, there was no reprisal against the United States. But Kim Jong Un and his generals must have weighed retaliation and asked themselves whether the so-called independent hacker was a front for a planned and official American attack.In 2023, the world might not get so lucky. There will almost certainly be a major cyberattack. It could...

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The Hard Truth About Long Wars: Why the Conflict in Ukraine Won’t End Anytime Soon
November 29, 2022
Presentation to the Joint Chiefs Operations Directorate
November 11, 2022
Spectator picks WWF as a best book of 2022
November 10, 2022
From street fights to world wars: What gang violence can teach us about conflict
November 10, 2022
The prospects for war with China: Why I see a serious chance of World War III in the next decade
October 27, 2022
When is War Justified?
October 24, 2022

Cullen Roche: Pragmatic Capitalism

Understanding the Modern Monetary System – Updated!
June 29, 2023
It’s been over 10 years since I published Understanding the Modern Monetary System, one of the most widely read papers in the SSRN research database. I published this paper because I was having trouble finding a succinct but thorough explanation of money and macroeconomics during the financial crisis. Further, many of the mainstream explanations of concepts like QE, banking, inflation and money appeared outdated at best and wrong at worst....

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We’re Moving!
February 27, 2023
Has Housing Bottomed?
February 22, 2023
The Economics of a United States Divorce
February 21, 2023
Three Things I Think I Think – No Landing
February 16, 2023
The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
February 13, 2023
2023 Market Outlook: Inflation, Recession, and the Fed w/ Cullen Roche (TIP523)
February 11, 2023

EconoSpeak

Hot off the press… and cut… and fold… and glue. It’s Amazing!
15 days ago
“It’s amazing.”“It’s incredible!”“Cool!”“Best book of 2024.”“This is an amazing and unique work of art.”“Your book is a thing of beauty and will be my joy forever. There’s something wonderful about a pop-up book in 2025.”“Excellent, Tom. Brilliant way to bring the text to life. Well done (as always)!”“It is not only beautiful and ingenious but itself a theoretical contribution.”“It's amazing, a lot of work!”“I love it! What a creative and...

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On the politics that would make a post-growth transition possible
22 days ago
A thing of beauty is a joy forever
January 8, 2025
Klaus Fuchs, Max Beer, and Our Anonymous Pamphleteer
December 23, 2024
The more this contradiction develops…
December 18, 2024
Behind the Billboards
December 13, 2024
The Book is Not for Selling.
November 27, 2024

Francis Coppola

The myths that refuse to die
June 6, 2024
In my last post, I debunked the myth of the "reserve pool" of British workers. In this post, I discuss three more labour force myths that refuse to die: the myth of the "tide of unskilled immigration"the myth of the falling participation rate, and the myth of the "workless yoof". There's also an update about my charity walk in the Lake District last Saturday, and a couple of pics. Read the post here. It's free to...

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Why the Tories’ “put people to work” growth strategy has failed
June 4, 2024
Demons deserve our sympathy
May 14, 2024
Trade lunacy is back
April 30, 2024
The West must no longer tolerate Israel’s human rights breaches
April 8, 2024
Is Gaza starving?
March 20, 2024
We need to talk about the state pension
March 20, 2024

Jodi Beggs: Economists Do It With Models

Economists Do It With Models 1970-01-01 00:00:00
November 4, 2024
[unable to retrieve full-text content]

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Youngling kills anakin
May 29, 2022
High Tide (Jody Beggs Band)
December 21, 2021
The Habtic Standard
February 17, 2021
The Habtic Standard
December 19, 2020
To The Moon And Back (Official Music Video)
November 24, 2020
OPELOUSAS
May 17, 2020

John Aziz: Azizonomics

My Future
August 27, 2020
I am winding down Azizonomics, though, as I am sure you are already aware it has already existed in a winded down state for many years, particularly since I left The Week in 2014. I mostly started this blog in 2011 because I was concerned about the economy, and the future, and was reading a lot, and jotting down my thoughts. From today, I will be focusing on my new podcast: Cybernetics Chat. The focus of that is much more a mixture of...

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Britain in the Boris Era
February 29, 2020
My Thoughts On Brexit
October 19, 2019
Bitcoin Is Failing As Money—But Bitcoin Cash Isn’t
December 25, 2017
Don’t Tolerate The Trumpists
August 10, 2017
Yellen: “There Will Be No New Crisis In My Lifetime”
July 28, 2017
Protected Blog › Log in
March 15, 2017

John Quiggin

Monday Message Board
4 days ago
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

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How to dispense with Trump’s US
10 days ago
Monday Message Board
11 days ago
Trump has thrown out the global economic playbook. It’s time for Australia to write its own rules
12 days ago
Monday Message Board
19 days ago
The dispensable nation
19 days ago
Monday Message Board
25 days ago

Michael Hudson

Why Gold Prices Should Rise—But Don’t
7 days ago
[unable to retrieve full-text content]Gold demand has outstripped supply for years, yet prices remained stagnant until recently. Economist Michael Hudson explains that the gold market is not a typical commodity market—it is politically controlled to sustain confidence in the U.S. dollar. Since 1971, when the U.S. abandoned the gold standard, central banks have been forced to hold reserves in U.S. Treasury securities instead of gold. This...

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American Imperialism in Plain Site
16 days ago
The Road to Chaos – A Global Balance of Payments War
24 days ago
US Economic Colonialism On Notice
January 19, 2025
The Secret of the Long March
January 19, 2025
Weaponizing the US Dollar
January 13, 2025
As Good As It Gets
January 4, 2025

Mike Norman Economics

Stable Coins
December 22, 2024
STEM Tech bros figuring out a way to safely bypass the current Art degree administered inefficient and sometimes treacherous banking system…🚨CHAMATH: "SpaceX uses Stablecoins. They collect payments from Starlink customers and when they aggregate them in long-tail countries, they don't want to take the FX risk or deal with sending wires, so they'll swap into stablecoins, send it to the US, and then swap back to USD."...

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Reserves in SLR
December 22, 2024
Trade deficit
December 21, 2024
Bond market now pricing in one 25 bps rate cut by Fed in 2025
December 20, 2024
Trade Isn’t Money for Nothing — Stephanie Kelton
December 16, 2024
The Tyranny Of The Myths — NeilW
December 16, 2024
Episode 9 (S2) of the Smith Family Manga is now available – the Prime Minister embarrasses himself —Bill Mitchell
December 13, 2024

Naked Keynesianism

Inflation, real wages, and the election results
December 11, 2024
Almost everybody these days accepts at face value that the result of the election was heavily determined by negative perceptions about Bidenomics, and that, in turn, resulted from inflation. Inflation was high (it wasn't, at least not that much), and people were pissed off. This is not just Larry Summers, who had argued (incorrectly in my view) that inflation was caused the large fiscal packages of an excessive generous government.In the...

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Very brief note on the Brazilian real and the fiscal package
December 2, 2024
Milei’s Psycho Shock Therapy
November 24, 2024
Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
November 22, 2024
The second coming of Trumponomics
November 10, 2024
Currency substitution in Argentina
November 4, 2024
Paul Davidson (1930-2024) and Post Keynesian Economics
October 26, 2024

New Economic Perspectives

RobotBulls: Einsatz von KI und Blockchain zur Datenverarbeitung im Bereich der Kryptowährungen
May 29, 2024
RobotBulls: Einsatz von KI und Blockchain zur Datenverarbeitung im Bereich der Kryptowährungen RobotBulls ist ein Technologieentwickler, der sich auf die Anwendung von künstlicher Intelligenz (KI) und Blockchain-Technologie spezialisiert hat. Diese Technologien werden genutzt, um Datenanalysen im Kontext von Kryptowährungen zu unterstützen. Dieser Artikel beschreibt die technischen Merkmale und die Anwendungsbereiche von RobotBulls. Technische...

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New Economic Perspectives 1970-01-01 00:00:00
August 11, 2022
Standard Money Theory and the Coronavirus
April 9, 2020
Standard Money Theory and the Coronavirus
April 9, 2020
Standard Money Theory and the Coronavirus
April 9, 2020
Manhattan Project to prevent Hyper-Inflation
March 26, 2020
Manhattan Project to prevent Hyper-Inflation
March 26, 2020

New Economics Foundation

Top 9 NEF highlights of 2024
December 20, 2024
Blog Top 9 NEF highlights of 2024 Celebrating all the successes of this year 20 December 2024 2024 marked another busy year for NEF. We were joined by our new chief exec Danny Sriskandarajah in January, and just five months later watched a new party take control of the...

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NEF review of the year 2024
December 20, 2024
What are we getting wrong about tax
December 19, 2024
Moving forward
December 18, 2024
Homes for Us summit 2024: what are the next steps in the fight for housing justice?
December 12, 2024
Can BlackRock save the UK economy
December 9, 2024
Reducing interest rates for clean energy investments
December 2, 2024

Peter Cooper: Heteconomist

‘Unproductive’ Labor and Marxist Resistance to MMT
August 16, 2022
I have been pondering Marxist resistance to MMT. From the standpoint of Marx’s theory of value, the resistance makes little sense, since there is nothing in MMT necessarily incompatible with a conception of value based in labor time. From the standpoint of politics, it also makes little sense, because there is nothing in MMT necessarily incompatible with the Marxist view that capitalism is irredeemable and a transition to socialism/communism...

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‘Unproductive’ Labor and Marxist Resistance to MMT
August 16, 2022
A Currency-Issuing Government Must Spend Before Non-Government Can Meet Its Net Financial Liabilities
November 5, 2021
A Currency-Issuing Government Must Spend Before Non-Government Can Meet Its Net Financial Liabilities
November 5, 2021
Comments on Recent Marxist Claims about MMT and Incidentally Kalecki
November 1, 2021
Comments on Recent Marxist Claims about MMT and Incidentally Kalecki
November 1, 2021
Marx and MMT – Remarks on Long-Term Policy and Social Implications
October 21, 2021

Post-Keynesian

Intensive Rent With Two Types Of Land
December 23, 2024
Figure 1: Wages Curves for Example of Intensive Rent1.0 Introduction This post modifies an example from Antonio D'Agata. Two types of land exist, each specialized for producing a specific commodity. In the example, some wage curves slope upwards, which is not possible in a model with circulating capital alone. The cost-minimizing technique is not found from the outer frontier of the wage curves. For one range of the rate of profits, no...

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Givens For Two Approaches To The Theory Of Value And Distribution
December 19, 2024
Intensive Rent And The Order Of Rentability
December 16, 2024
Elsewhere
December 13, 2024
A 1-Dimensional Diagram For Extensive Rent With Markup Pricing
December 11, 2024
Sraffa’s Publications
December 9, 2024
Extensive Rent With Markup Pricing: An Example
December 5, 2024

Prime, Policy Research in Macroeconomics

The Poverty of Neo-liberal Economics: Lessons from Türkiye’s ‘Unorthodox’ Central Banking Experiment
5 days ago
T. Sabri Öncü and Güney DüzçayThis article first appeared in the Indian journal, Economic & Political Weekly, on 14 September 2024. Güney Düzçay ([email protected]) and T. Sabri Öncü ([email protected]) are economists based in Türkiye.Historically, central banks, like the Bank of England, were primarily established to finance wars and manage government finances—serving as the “government’s bank.” Later, they evolved to address commercial...

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Global Economic Governance: What’s “Growth” Got to Do with It?
August 16, 2024
From Chile in 1973 to Argentina and Türkiye in 2023: Economic Genocide Continues
May 24, 2024
Prime 1970-01-01 00:00:00
January 31, 2024
India’s Inclusion in the JP Morgan GBI-EM (bond) Indices
December 5, 2023
India’s Inclusion in the JP Morgan GBI-EM (bond) Indices
December 5, 2023
India’s Inclusion in the JP Morgan GBI-EM (bond) Indices
December 5, 2023

Progressive Economics Forum

Interrogating the ‘Vibecession’
December 2, 2024
There are encouraging signs that Canada’s economy and labour market are improving after a period of stagnation brought about by the Bank of Canada’s aggressive interest rate hikes in 2022 and 2023. Newly released data for the third quarter of 2024 (July-September) shows the economy has continued to grow, albeit slowly. Consumer spending was the brightest light in the third quarter data: growing at an annualized rate of 3.5% (in real,...

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Homelessness planning during COVID
November 14, 2024
Demand-side housing assistance
October 24, 2024
Homelessness 101
October 18, 2024
Economic and social factors associated with the use of homeless shelters
September 25, 2024
Report finds insufficient daytime options for people experiencing homelessness
August 24, 2024
Youth homelessness
August 18, 2024

Robert Skidelsky

Trump som diplomat og kampen om den retfærdige fred – Flemming Rose Article
December 14, 2024
14th of December 2024 Til denne uges Fri Tænkning har jeg talt med den britiske økonom og historiker Robert Skidelsky, der siden 1991 har siddet i det britiske parlaments overhus. I de første ti år som konservativ, men siden da har Skidelsky ikke repræsenteret et politisk parti. Han har tidligere været medlem af både Labour og Socialdemokratiet, som han var med til at stifte og forlod, da det i 1988 blev slået sammen med Det Liberale Parti...

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Presentation for the Miami Book Fair – Mindless
November 26, 2024
A Tale of Frankenstein – Lecture at Bard College
November 26, 2024
In Just Proportion – Counterpunch
November 26, 2024
Speech in the House of Lords – Autumn Budget 2024
November 12, 2024
In Memory of David P. Calleo – Bologna Conference
November 7, 2024
Keen On Podcast: Episode 2229: Robert Skidelsky worries about the Human Condition in the Age of Artificial Intelligence
October 28, 2024

Robert Vienneau: Thoughts Economics

Intensive Rent With Two Types Of Land
December 23, 2024
Figure 1: Wages Curves for Example of Intensive Rent1.0 Introduction This post modifies an example from Antonio D'Agata. Two types of land exist, each specialized for producing a specific commodity. In the example, some wage curves slope upwards, which is not possible in a model with circulating capital alone. The cost-minimizing technique is not found from the outer frontier of the wage curves. For one range of the rate of profits, no...

Read more »
Givens For Two Approaches To The Theory Of Value And Distribution
December 19, 2024
Intensive Rent And The Order Of Rentability
December 16, 2024
Elsewhere
December 13, 2024
A 1-Dimensional Diagram For Extensive Rent With Markup Pricing
December 11, 2024
Sraffa’s Publications
December 9, 2024
Extensive Rent With Markup Pricing: An Example
December 5, 2024

Sergio Cesaratto: Politica and EconomiaBlog

Nuovo Working Paper di dialogo interdisciplinare fra economisti e antichisti
December 12, 2024
Sergio Cesaratto Morality and Alternative Economic Theories in Ancient History Studies: a Review ArticleWorking Paper DEPS, USiena n.923 - Dicembre 2024 Abstract The book "Models, Methods, and Morality" discusses moral values in the field of ancient economic history, where neoclassical hegemony in the form of the New Institutional Economics has progressively gained ground. The book mainly criticises mainstream economics for focusing...

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La nuova governance fiscale europea
November 18, 2024
Draghi mercantilista?
November 4, 2024
Il “Nobel” ad Acemoglu et c. commentato e criticato su Ottolina TV
October 22, 2024
On an unknown element of the Eurosystem monetary governance
August 7, 2024
Danni collaterali del rialzo dei tassi
August 7, 2024
Europa, debito, governo (da Il Sussidiario)
July 3, 2024

Socialdem. 21st Century

“Taxes drive Money”: What does this mean in MMT?
August 13, 2024
This is a very important point since one criticism of my last post is the view that “only taxes levied by the state and the need to pay those taxes in the state-issued fiat money drive the demand for, and value of, that fiat money and its use as a general medium of exchange in modern nations” is not actually held by L. Randall Wray, the most prominent academic advocate of MMT. So it turns out that, on this issue, I have to eat some humble...

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Per Bylund’s “Is it Money because it is redeemed in Tax Payments?”: A Post Keynesian Response
July 23, 2024
Radhika Desai on the Labour Theory of Value: A Refutation
July 20, 2024
Per Bylund versus Carl Menger on Taxes driving the Value of Money
July 20, 2024
Marx’s Capital, Volume 3, Chapter 10: A Critical Summary
July 15, 2024
Marx’s Labour Theory of Value: A Concise Refutation
July 10, 2024
Paul Cockshott’s “Why Labour Theory of Value is Right”: A Refutation
July 10, 2024

The Angry Bear

They’re coming for Social Security
2 days ago
[unable to retrieve full-text content]“Before President Donald Trump started mass layoffs of federal workers, he demonized them, arguing, despite evidence to the contrary, that most never went into the office. “As he moved to cut foreign aid, he and Elon Musk alleged widespread waste and abuse, although they offered little evidence to back up their claims and may simply […] The post They’re coming for Social Security appeared first on Angry...

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Wages Have Not Caught Up with Previous Inflation
2 days ago
Cannon ball don’t pay no mind . . .
2 days ago
Silence of the Lambs . . . Congress
3 days ago
Economic Data
3 days ago
Do Democrats and progressives need a marriage counselor or a divorce lawyer?
3 days ago
Geneva plans to pay NGO wages after US foreign aid freeze
3 days ago

Thomas Palley: Economics for Democratic and Open Societies

Germany’s election & why it is important to understand the Ukraine War
19 days ago
I urge you to watch this YouTube mini documentary (30 minutes). If that is too long, watch just the segment from 10:30 -12:00 (1.30 minutes). Jeffrey D. Sachs – Understanding the Ukraine conflict – Brave New Europe Every German should watch this before voting in the February election (and every European should watch in advance ...

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The Ukraine – Russia war explained: how the US exploited internal fractures in the post-Soviet order (plus lessons for Georgia)
November 10, 2024
Causes of the Ukraine War & the case for Georgian non-alignment — An interview I gave in Tbilisi, Georgia
October 31, 2024
We still ask if 80 years ago they (ordinary Germans) knew?
October 29, 2024
Varieties of capitalism and societal happiness: theory and empirics
September 25, 2024
Neoliberalism and the Drift to Proto-Fascism: Political and Economic Causes of the Crisis of Liberal Democracy
September 7, 2024
Ukraine’s Hiroshima moment is drawing closer (the consequences of Neocon madness)
August 21, 2024

Thomas Piketty

Trump, national-capitalism at bay
3 days ago
For anyone in doubt, Donald Trump has at least made things clear: the right exists and it speaks loudly. As has often been the case in the past, it takes the form of a mixture of violent nationalism, social conservatism and unbridled economic liberalism. We could call Trumpism national-liberalism, or more accurately, national-capitalism. Trump’s remarks on Greenland and Panama show his attachment to the most aggressive, authoritarian and...

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Democracy vs oligarchy, the fight of the century
January 21, 2025
For a new left-right cleavage
December 17, 2024
Unite France and Germany to save Europe
November 12, 2024
How to tax billionaires
October 15, 2024
Europe must invest: Draghi is right
September 17, 2024
Rebuilding the left
July 16, 2024

Yanis Varoufakis: Thoughts for the Post-2008 World

Yanis Varoufakis über den Bedarf der Welt an einer neuen Bewegung der Blockfreien Staaten
March 6, 2023
Https://en.m.wikipedia.org/wiki/Kutub_al-Sittah#cite_note-tahir-4 https://podcasts.ox.ac.uk/ http://videolectures.net/ https://medieval.bodleian.ox.ac.uk/ https://portail.biblissima.fr/en https://sms.cam.ac.uk/ https://plato.stanford.edu/entries/qt-quantlog/ https://ui.adsabs.harvard.edu/ https://www.persee.fr/ http://hadithtransmitters.hawramani.com http://www.onacademic.com/detail/journal_1000041695625699_93d5.html...

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Yanis Varoufakis speaks on Julian Assange at the Belmarsh Tribunal Sydney, Australia.
March 6, 2023
Εκδήλωση | Από την Κρίση στον Πόλεμο: Ένας Χρόνος Μετά
March 5, 2023
Γ.Βαρουφάκης: Η τραγωδία στα Τέμπη επιβεβαιώνει πως ο διαχωρισμός δικτύου-παρόχων είναι εγκληματικός
March 3, 2023
Yanis Varoufakis | Cambridge Union
March 1, 2023
Yanis Varoufakis über den Bedarf der Welt an einer neuen Bewegung der Blockfreien Staaten
March 1, 2023
Πανέτοιμο το Μέρα25 του Βαρουφάκη για Εκλογές.VAROUFAKIS VARIANT DETECTED
February 26, 2023