Heterodox
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What is new?
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Building hope
Publications Building hope How land reforms will help deliver the homes we need By Alex Diner 20 November 2024 Download the report The UK’s...
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War fears rock stocks.
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Any hunters out there?
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Are oil and gas workers the coalminers of our generation?
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Tariffs As A Fiscal Tool? — Brian Romanchuk
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A Concept of a Plan … for the National Interest
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No drop in interest income transfers.
Ann Pettifor: Debtonation
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Verso Live: Ann Pettifor and The Care Collective
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
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IST2020 Keynote by Ann Pettifor
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IST 2020 Ann Pettifor – Graphic Recording
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Permainan Judi Bola Online Paling Digemari di Agen Sbobet Terpercaya
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#betd2020 Speaker Statement: Ann Pettifor
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Agen Judi Bola Terpercaya Paling Direkomendasikan Di Indonesia
Baseline Scenario
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A Few Quick Announcements
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
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Assessment: Stacey Abrams’ Budget Plan
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Imposing Sanctions on Russian Energy Exports
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Quick Housekeeping Note
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Quick Housekeeping Note
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Moving On
Chris Blattman
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Cyber Warfare Is Getting Real: The risk of escalation from cyberattacks has never been greater—or the pursuit of peace more complicated
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
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Presentation to the Joint Chiefs Operations Directorate
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Spectator picks WWF as a best book of 2022
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From street fights to world wars: What gang violence can teach us about conflict
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The prospects for war with China: Why I see a serious chance of World War III in the next decade
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When is War Justified?
Cullen Roche: Pragmatic Capitalism
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Understanding the Modern Monetary System – Updated!
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!
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Has Housing Bottomed?
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The Economics of a United States Divorce
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Three Things I Think I Think – No Landing
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The Investor’s Podcast: ESG Investing, The Death of 60/40 and More
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2023 Market Outlook: Inflation, Recession, and the Fed w/ Cullen Roche (TIP523)
EconoSpeak
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Coming Up For Air
Like Punxsutawney Phil, I’ve started to come out of my hole after last week’s trauma. I was angry at Everybody, including myself.[embedded content]Party politics of any sort will be a distant concern for a while. What is not is the burgeoning war in the ME. We should lean hard into support for an aid cut-off to Israel. Everything. Note that what’s in question here is not the material effect of the aid, but the political one inside Israel. We...
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Politics After the Fascism Debate
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The Prodigal Son Returns
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The more the contradition develops: footnotes to “Marx’s Fetters: a remedial reading” — a pop-up book
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Three Fragments Rebooted: The Unfettering
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Basil Oberholzer’s Last Hour
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Roadmap to Ecosocialism — September 10 — Sandwichman (Tom Walker) moderating
Francis Coppola
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The myths that refuse to die
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
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Demons deserve our sympathy
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Trade lunacy is back
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The West must no longer tolerate Israel’s human rights breaches
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Is Gaza starving?
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We need to talk about the state pension
Jodi Beggs: Economists Do It With Models
John Aziz: Azizonomics
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My Future
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
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My Thoughts On Brexit
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Bitcoin Is Failing As Money—But Bitcoin Cash Isn’t
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Don’t Tolerate The Trumpists
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Yellen: “There Will Be No New Crisis In My Lifetime”
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Protected Blog › Log in
John Quiggin
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Armistice Day
The Great War continues, more than 100 years later Yesterday was November 11, the anniversary of the armistice which ended fighting on the Western Front of what was then called the Great War. It’s always an occasion for sad reflection on my part, thinking about the pointlessness of the massive sacrifices of the War, which achieved nothing except to set the scene for worse disasters to come. But it’s particularly sad in a year when the...
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The 35-hour week is overdue[1]
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Monday Message Board
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Monday Message Board
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The end of US democracy: a flowchart
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Monday Message Board
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Deputy sheriff or imperial outpost ?
Lars P. Syll
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Svensk universitetsutbildning — ett skämt!
Svensk universitetsutbildning — ett skämt! HD och Sydsvenskan har talat med ett tiotal universitetslärare vid några av de mest populära programmen vid Lunds och Malmö universitet. De ger en närapå samstämmig bild: trots toppbetyg är det många av studenterna som inte kan läsa böcker. – Vissa av våra studenter har problem med läsförståelsen och att ta till sig muntliga och skriftliga instruktioner, säger Nina Lundegren....
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Modern monetär teori
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Problemen med Riksbankens oberoende
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The Berlin Wall
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L’ascenseur social est en panne
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Die fixe Idee des Finanzministers
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Functional finance
Michael Hudson
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A Concept of a Plan … for the National Interest
[unable to retrieve full-text content]This discussion highlights the structural challenges facing America’s economic and political system, emphasizing how vested interests manipulate markets, language, and policy to sustain inequality. The U.S. operates in a "stacked marketplace," favoring creditors and employers over wage earners, with little public debate or university-level economic critique. While populist narratives resonate,...
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Beyond Surface Economics: The Case for Structural Reform
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The Revolt of the Working Class: What Trump’s 2024 Win Reveals About American Discontent
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US Election: The Illusion of Choice
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BRICS Summit in Kazan: Setting the Stage for a New World Order
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Genocide’s Moral Wall
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Sovereignty in Crisis: Israel, Palestine, and America’s Global Agenda
Mike Norman Economics
Mosler Economics
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Warren Mosler | Deep 6 The Financial Sector
Presented 17 July 2024 | MMT Conference | Leeds University
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Warren Mosler | The 8th Deadly Innocent Fraud
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Updated blog posts
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Housing permits and starts, GDP forecast
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Housing permits and starts, GDP forecast
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Industrial production, EU trade, miles driven
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Industrial production, EU trade, miles driven
Multiplier Effect
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Multiplier Effect 1970-01-01 00:00:00
[unable to retrieve full-text content]
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Otmar Issing Is Still Living in His Monetary Fantasy World
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An Accommodative Fiscal Stance Is Crucial for India
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Join Us for the 2022 Levy Institute Summer Seminar
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Are Concerns over Growing Federal Government Debt Misplaced?
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Is Climate Change a Fiscal or Monetary Policy Challenge?
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Women’s Economic Empowerment and Control over Time in Sub-Saharan Africa (Nov 1-2)
Naked Keynesianism
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The second coming of Trumponomics
Donald Trump will be the first president since Grover Cleveland, also a New Yorker, to have two non consecutive terms in the presidency. The reasons for this are beyond my abilities to analyze, but it is clear that he did get the votes of people in the lower levels of income, that had voted for Biden in 2020 (but not for Hillary in 2016) and went decisively for Trump. One may say that the populist vote in favor of tariffs, often associated...
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Currency substitution in Argentina
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Paul Davidson (1930-2024) and Post Keynesian Economics
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The Economist and the American Economy
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IMF surcharges
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More on the possibility and risks of a recession
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Two letters to The Economist about Donald Harris and what they reveal about ideology
New Economic Perspectives
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RobotBulls: Einsatz von KI und Blockchain zur Datenverarbeitung im Bereich der Kryptowährungen
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
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Standard Money Theory and the Coronavirus
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Standard Money Theory and the Coronavirus
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Standard Money Theory and the Coronavirus
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Manhattan Project to prevent Hyper-Inflation
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Manhattan Project to prevent Hyper-Inflation
New Economics Foundation
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Building hope
Publications Building hope How land reforms will help deliver the homes we need By Alex Diner 20 November 2024 Download the report The UK’s...
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Are oil and gas workers the coalminers of our generation?
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Trapped behind the wheel
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The autumn budget: A step in the right direction but still falling short
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What to make of the Labour government’s first budget?
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Building the homes we need
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The OBR’s fiscal powers need a rethink
Peter Cooper: Heteconomist
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‘Unproductive’ Labor and Marxist Resistance to MMT
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
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A Currency-Issuing Government Must Spend Before Non-Government Can Meet Its Net Financial Liabilities
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A Currency-Issuing Government Must Spend Before Non-Government Can Meet Its Net Financial Liabilities
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Comments on Recent Marxist Claims about MMT and Incidentally Kalecki
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Comments on Recent Marxist Claims about MMT and Incidentally Kalecki
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Marx and MMT – Remarks on Long-Term Policy and Social Implications
Philip Pilkington: Fixing Economists
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Fixing the Economists 1970-01-01 00:00:00
[unable to retrieve full-text content]
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FX Crises and the Trajectory of Interest Rates
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Is China Facing a Minsky Moment?
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Inflation, the Quality Factor and Distribution
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Investing During Inflation
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Podcast on Inflation and Labour Shortages
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Forecasting Future Inflation Using Private Sector Indices
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Post-Keynesian
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Another Hayekian Triangle Not Supporting The Austrian School
Figure 1: Hayekian Triangles for The Two Techniques1.0 Introduction This post is a variation on this one. 2.0 Technology and Net Output Suppose technology is as characterized by the coefficients of production in Table 1. All techniques are characterized by single production, no fixed capital, and no joint production. In the Alpha technique, the first corn-producing process is operated. The second corn-producing process is operated in the...
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Paul Kengor’s The Devil and Karl Marx
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Adam Smith, David Ricardo, And The Labor Theory Of Value
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Roger Garrison On The Inadequacy Of Hayekian Triangles
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Elsewhere
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The Production Of Commodities And The Structure Of Production: An Example
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Adam Smith On A Labor Theory Of Value
Prime, Policy Research in Macroeconomics
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Global Economic Governance: What’s “Growth” Got to Do with It?
An obsession with growth has generated massive inequality, undermined global economic stability, and weakened faith in democracy. Reversing these trends requires reining in the power of financial capital and managing global trade flows.This essay is part of a series of articles, edited by Stewart Patrick, emerging from the Carnegie Working Group on Reimagining Global Economic Governance. It was first published on 17 July 2024 on the Carnegie...
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From Chile in 1973 to Argentina and Türkiye in 2023: Economic Genocide Continues
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Prime 1970-01-01 00:00:00
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India’s Inclusion in the JP Morgan GBI-EM (bond) Indices
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India’s Inclusion in the JP Morgan GBI-EM (bond) Indices
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India’s Inclusion in the JP Morgan GBI-EM (bond) Indices
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Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment – III
Progressive Economics Forum
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Homelessness planning during COVID
[unable to retrieve full-text content]I’ve written a book chapter on the COVID-19 pandemic and homelessness planning in Canada. Here’s a ‘top 10’ overview:https://nickfalvo.ca/covid-19-and-homelessness-planning-in-canada/
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Demand-side housing assistance
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Homelessness 101
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Economic and social factors associated with the use of homeless shelters
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Report finds insufficient daytime options for people experiencing homelessness
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Youth homelessness
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What are Corporations Doing With Lender & Investor Funds?
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Real-World Economics Review
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Latest SNB Intervention Update: Weekly Sight Deposits
Weekly update on SNB interventions: Sight deposits are debt for the central bank. An increase of sight deposits implies more debt and SNB interventions
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Swiss National Bank: Lost More than Half of Owners’ Equity
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What Drives Government Bond Yields?
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Swiss National Bank: Composition of Reserves and Investment Strategy
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The Euro Glut: The Summer 2015 Update
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The Holy Grail of Long-Term Currency Movements: Crowther’s Balances and Imbalances of Payments
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SNB interventions June 2015
Robert Skidelsky
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Speech in the House of Lords – Autumn Budget 2024
11th of November 2024 My Lords, there are many things to welcome in this Budget, particularly on the spending side. I am less keen on some of the tax proposals, which seem to be mean-minded and counterproductive, such as the tax on knowledge. The spending commitments are important because they reverse the disastrous policy of austerity, which has brought our public services and infrastructure close to collapse. Even the IMF, originally a...
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In Memory of David P. Calleo – Bologna Conference
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Keen On Podcast: Episode 2229: Robert Skidelsky worries about the Human Condition in the Age of Artificial Intelligence
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Speech in the House of Lords – Ukraine
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Will Artificial Intelligence replace us? – The Article Interview
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The Roots of Europe’s Immigration Problem – Project Syndicate
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Speech in the House of Lords Conduct Committee: Code of Conduct Review – 8th of October
Robert Vienneau: Thoughts Economics
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Another Hayekian Triangle Not Supporting The Austrian School
Figure 1: Hayekian Triangles for The Two Techniques1.0 Introduction This post is a variation on this one. 2.0 Technology and Net Output Suppose technology is as characterized by the coefficients of production in Table 1. All techniques are characterized by single production, no fixed capital, and no joint production. In the Alpha technique, the first corn-producing process is operated. The second corn-producing process is operated in the...
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Paul Kengor’s The Devil and Karl Marx
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Adam Smith, David Ricardo, And The Labor Theory Of Value
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Roger Garrison On The Inadequacy Of Hayekian Triangles
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Elsewhere
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The Production Of Commodities And The Structure Of Production: An Example
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Adam Smith On A Labor Theory Of Value
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Seldomly updated
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Multiplier Effect 1970-01-01 00:00:00
[unable to retrieve full-text content]
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A Few Quick Announcements
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Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports
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Assessment: Stacey Abrams’ Budget Plan
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Otmar Issing Is Still Living in His Monetary Fantasy World
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Imposing Sanctions on Russian Energy Exports
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An Accommodative Fiscal Stance Is Crucial for India
Sergio Cesaratto: Politica and EconomiaBlog
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La nuova governance fiscale europea
Anche a scopo didattico, pubblico alcune note sul Piano strutturale di bilancio che il governo sta discutendo con la Commissione Europea. Una sintesi è apparsa su Il Fatto del 31 ottobre 2024.La nuova governance fiscale europea fra mezze verità e metafisica Sergio Cesaratto (Unisi-Deps) Con il voto del Parlamento europeo e del Consiglio della UE, nell’aprile 2024 sono stati adottati i testi legislativi che delineano la nuova governance...
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Draghi mercantilista?
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Il “Nobel” ad Acemoglu et c. commentato e criticato su Ottolina TV
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On an unknown element of the Eurosystem monetary governance
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Danni collaterali del rialzo dei tassi
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Europa, debito, governo (da Il Sussidiario)
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Di nuovo su TARGET2
Socialdem. 21st Century
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“Taxes drive Money”: What does this mean in MMT?
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
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Radhika Desai on the Labour Theory of Value: A Refutation
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Per Bylund versus Carl Menger on Taxes driving the Value of Money
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Marx’s Capital, Volume 3, Chapter 10: A Critical Summary
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Marx’s Labour Theory of Value: A Concise Refutation
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Paul Cockshott’s “Why Labour Theory of Value is Right”: A Refutation
Stavros Mavroudeas Blog
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COVID-19 Pandemic and Vaccine Imperialism – Review of Radical Political Economics
The paper titled ‘COVID-19 Pandemic and Vaccine Imperialism’ (authored by Stergios A. Seretis https://orcid.org/0000-0002-9115-2522, Stavros D. Mavroudeas https://orcid.org/0000-0003-2230-7479 [email protected], […], and Elias Kondilis https://orcid.org/0000-0001-9592-2830+2View all authors and affiliations) has been published in the Review of Radical Political Economics. Abstract The COVID-19 pandemic revealed and exacerbated the...
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Ημερίδα για τον Λένιν – 12 Οκτωβρίου 2024, Πάντειο Πανεπιστήμιο
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‘Once again on the alleged differences between Engels and Marx’ – S.Mavroudeas, Beihang University, School of Marxism, Beijing, 11-9-2024
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‘Is Neoliberalism still the dominant political economic paradigm in the West?’ – S.Mavroudeas, 14th World Socialism Forum, Beijing
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Lenin as a political economist – S.Mavroudeas, plenary meeting of the 17th WAPE Forum (Athens 2-4 August 2024)
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Marxian Economics Award acceptance speech – S.Mavroudeas
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17th WAPE Forum – Panteion University 2-4 August 2024
Steve Keen’s Debt Watch
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COVID-19 Pandemic and Vaccine Imperialism – Review of Radical Political Economics
The paper titled ‘COVID-19 Pandemic and Vaccine Imperialism’ (authored by Stergios A. Seretis https://orcid.org/0000-0002-9115-2522, Stavros D. Mavroudeas https://orcid.org/0000-0003-2230-7479 [email protected], […], and Elias Kondilis https://orcid.org/0000-0001-9592-2830+2View all authors and affiliations) has been published in the Review of Radical Political Economics. Abstract The COVID-19 pandemic revealed and exacerbated the...
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Ημερίδα για τον Λένιν – 12 Οκτωβρίου 2024, Πάντειο Πανεπιστήμιο
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‘Once again on the alleged differences between Engels and Marx’ – S.Mavroudeas, Beihang University, School of Marxism, Beijing, 11-9-2024
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‘Is Neoliberalism still the dominant political economic paradigm in the West?’ – S.Mavroudeas, 14th World Socialism Forum, Beijing
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Lenin as a political economist – S.Mavroudeas, plenary meeting of the 17th WAPE Forum (Athens 2-4 August 2024)
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Marxian Economics Award acceptance speech – S.Mavroudeas
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17th WAPE Forum – Panteion University 2-4 August 2024
The Angry Bear
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Diversity in healthcare delivery
[unable to retrieve full-text content]Years ago, we had an MD/PhD student in our program who had Eilers-Danlos syndrome, a connective tissue disorder that causes joint laxity and frequent painful joint dislocations. After over a decade of being misdiagnosed, her correct diagnosis was made by a physical therapist, not a physician. I noted in a previous post that I’ve been […] The post Diversity in healthcare delivery appeared first on Angry...
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Heathcare Insurance Companies Abandoning Medicare Advantage
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New Deal democrats Weekly Indicators for November 11 – 15
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Review of the Tax Code and Who Benefited the Most from the Breaks in It
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Access to medical care: right or privilege?
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Production turns more negative
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Lawler: Early Read on Existing Home Sales in October
Thomas Palley: Economics for Democratic and Open Societies
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The Ukraine – Russia war explained: how the US exploited internal fractures in the post-Soviet order (plus lessons for Georgia)
This paper explores the deep causes of the Ukraine – Russia war. It argues that the war has both internal and external causes. The internal causes are rooted in the way the Soviet Union disintegrated. The external causes relate to how the US exploited the fractures in the post-Soviet order to advance its Neoconservative agenda ...
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Causes of the Ukraine War & the case for Georgian non-alignment — An interview I gave in Tbilisi, Georgia
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We still ask if 80 years ago they (ordinary Germans) knew?
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Varieties of capitalism and societal happiness: theory and empirics
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Neoliberalism and the Drift to Proto-Fascism: Political and Economic Causes of the Crisis of Liberal Democracy
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Ukraine’s Hiroshima moment is drawing closer (the consequences of Neocon madness)
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Paul Davidson (1930-2024) and the founding of Post Keynesian economics
Thomas Piketty
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Unite France and Germany to save Europe
In the wake of Donald Trump’s victory, Europe can no longer content itself with declarations of intent. It urgently needs to pull itself together and regain a grip on world affairs, without any illusions about what will come from the United States. The crux of the matter is that it is impossible to face up to the socio-economic, climatic and geopolitical challenges that are shaking the planet as long as the European Union (EU) makes its...
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How to tax billionaires
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Europe must invest: Draghi is right
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Rebuilding the left
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For a geopolitical Europe, not naïve nor militaristic
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For a binational Israeli-Palestinian State
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Should Ukraine join the EU?
Yanis Varoufakis: Thoughts for the Post-2008 World
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Yanis Varoufakis über den Bedarf der Welt an einer neuen Bewegung der Blockfreien Staaten
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.
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Εκδήλωση | Από την Κρίση στον Πόλεμο: Ένας Χρόνος Μετά
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Γ.Βαρουφάκης: Η τραγωδία στα Τέμπη επιβεβαιώνει πως ο διαχωρισμός δικτύου-παρόχων είναι εγκληματικός
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Yanis Varoufakis | Cambridge Union
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Yanis Varoufakis über den Bedarf der Welt an einer neuen Bewegung der Blockfreien Staaten
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Πανέτοιμο το Μέρα25 του Βαρουφάκη για Εκλογές.VAROUFAKIS VARIANT DETECTED