Wednesday , June 18 2025

Heterodox

What is new?

Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
April 11, 2025
Table 1: Lower Rate of Profits around a Switch Point Tradional Marginalist Story'Perverse' Marginalist Story Traditional Austrian StoryGreater net output per workerSmaller net output per worker More roundabout techniqueMore roundabout technique Switch pt. in region 2, 1st in region 52nd switch point in region 3, 2nd in region 6 'Perverse' Austrian StoryGreater net output per workerSmaller net output per worker Less roundabout techniqueLess...

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The sellers are back!
April 10, 2025
What the heck? Market moon shot!
April 10, 2025
My bond trade blew up?
April 8, 2025
The Accursed Tariffs — NeilW
April 8, 2025
IRS has agreed to share migrants’ tax information with ICE
April 8, 2025
Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
April 8, 2025

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

On Antonio Negri’s refusal of work and Karl Marx’s disposable time: a Q&A with Michael Hardt
March 6, 2025
At the Columbia Center for Contemporary Critical Thought Marx 9/13 session on the Grundrisse last night, I asked a question from Zoom that cannot be heard on the Youtube video because of technical difficulties. I will try to reconstruct the jist of the question here along with a bit of context. I apologize if the reconstruction of my question is a bit more coherent than the original, which was made unintelligable by a time delay and apparent...

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The Theory of Crisis: Sandwichman’s and Uno Kōzō’s (both Marx’s)
February 25, 2025
The Theory of Crisis: Kōzō Uno’s and Sandwichman’s
February 23, 2025
Hot off the press… and cut… and fold… and glue. It’s Amazing!
February 6, 2025
On the politics that would make a post-growth transition possible
January 30, 2025
A thing of beauty is a joy forever
January 8, 2025
Klaus Fuchs, Max Beer, and Our Anonymous Pamphleteer
December 23, 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
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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
March 9, 2025
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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Monday Message Board
March 2, 2025
Dispensing with the tech-bros
February 25, 2025
Dispensing with the US-centric financial system
February 21, 2025
Monday Message Board
February 16, 2025
How to dispense with Trump’s US
February 11, 2025
Monday Message Board
February 9, 2025

Lars P. Syll

Schuldenbremse bye bye
March 18, 2025
The German parliament today, after heated debate, approved the much discussed debt package worth hundreds of billions of euros for defence and infrastructure. With the necessary two-thirds majority, the parliament in Berlin passed a constitutional amendment allowing defence and security expenditures to be exempt from the Schuldenbremse (debt brake). The previously strict debt rules for the federal states will also be relaxed. Better late than...

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Vad historien lär oss
March 18, 2025
What’s wrong with economics — a primer
March 18, 2025
Late-winter blessing (personal)
March 15, 2025
Hovern’engan
March 14, 2025
Krigskeynesianismens återkomst
March 14, 2025
Finding Eigenvalues and Eigenvectors (student stuff)
March 14, 2025

Michael Hudson

Something Nutty Emerging Here
March 11, 2025
[unable to retrieve full-text content]Michael Hudson and Richard Wolff discuss Sahra Wagenknecht’s break from Die Linke and her struggle to push genuine left-wing economic policies in Germany. They highlight Germany’s economic challenges, including U.S. demands for increased military spending and tariffs on European exports. The speakers argue that Germany faces a choice: align with BRICS or deepen its reliance on the U.S. The broader...

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Why Banking Isn’t What You Think It Is
March 6, 2025
The Horizon Nears on America’s Free Financial Ride
March 3, 2025
Capital as Power in the Polycrisis
February 25, 2025
Why Gold Prices Should Rise—But Don’t
February 14, 2025
American Imperialism in Plain Site
February 5, 2025
The Road to Chaos – A Global Balance of Payments War
January 28, 2025

Naked Keynesianism

The behavior of the nominal exchange rate between the Brazilian Real and the dollar in 2024
March 17, 2025
By Nathalie Marins, Ricardo Summa & Daniel Consul (Guest bloggers)Currency devaluations can disrupt developing economies by raising import costs and food prices, which in turn reduces real wages. This impact is particularly detrimental to lower-income households, which typically allocate a substantial portion of their income to essential goods. Consequently, when the local currency weakens, governments encounter increased political...

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Serrano, Summa and Marins on Inflation, and Monetary Policy
February 28, 2025
What is heterodox economics?
February 20, 2025
The 8th Godley-Tobin Lecture
February 13, 2025
Milei and real wages in Argentina
January 31, 2025
Are we on the verge of a debt crisis?
January 8, 2025
Podcast on the first year of Milei’s government in Argentina
January 2, 2025

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

Are we falling for the myth of minority rule?
February 26, 2025
Podcasts Are we falling for the myth of minority rule? Ayeisha Thomas-Smith is joined by Ash Sarkar By Ayeisha Thomas-Smith 26 February 2025 We are living in a time of contradictions. For the last forty years,...

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Is the Labour government delivering on its promises?
February 21, 2025
Whose growth is it anyway?
February 20, 2025
How local services are showing there is another way to provide for communities
February 18, 2025
The Bank of England is costing us billions
February 17, 2025
Why should the left care about central banks?
February 13, 2025
What’s new in the fight for workers’ rights
January 31, 2025

Peter Cooper: Heteconomist

‘Unproductive’ Labor and Marxist Resistance to MMT
August 16, 2022
Rather than engage in histrionics over what is obviously a supply-side or cost-push (rather than demand-side or demand-pull) inflationary period, I have been pondering Marxist resistance to MMT. When viewed 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. When viewed from the standpoint of politics, it also...

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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

Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
April 11, 2025
Table 1: Lower Rate of Profits around a Switch Point Tradional Marginalist Story'Perverse' Marginalist Story Traditional Austrian StoryGreater net output per workerSmaller net output per worker More roundabout techniqueMore roundabout technique Switch pt. in region 2, 1st in region 52nd switch point in region 3, 2nd in region 6 'Perverse' Austrian StoryGreater net output per workerSmaller net output per worker Less roundabout techniqueLess...

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Robert Lucas On Recessions As Workers Choosing To Take Long Vacations
April 7, 2025
Perturbations Of Selected Parameters In The Corn-Tractor Model
April 3, 2025
Duncan Foley On Why General Equilibrium Maybe Is Not Neoclassical Economics
March 31, 2025
Double Fluke Cases For Triple-Switching In The Corn-Tractor Model
March 27, 2025
Gunnar Myrdal Sounding Like Tony Lawson?
March 24, 2025
The Emergence of Triple Switching and the Rarity of Reswitching Explained
March 19, 2025

Prime, Policy Research in Macroeconomics

UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
March 20, 2025
Today (Thursday), the Office for National Statistics published its monthly set of employment stats. While its Labour Force Survey has been under the cosh for some time for unreliability, the ONS’s data on average wage rates and changes retain their importance. The data – this time for January 2025 – covers average total pay, regular pay and bonus pay for the whole workforce. It also provides average wage data by broad sector.The ONS also...

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Argentina’s Economic Shock Therapy: Assessing the Impact of Milei’s Austerity Policies and the Road Ahead
March 13, 2025
The Poverty of Neo-liberal Economics: Lessons from Türkiye’s ‘Unorthodox’ Central Banking Experiment
February 16, 2025
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

Progressive Economics Forum

Subsidized housing for francophone seniors in minority situations
February 28, 2025
I recently co-authored a report on the need for more rental housing for francophone seniors in minority situations. Here’s a ‘top 10’ overview of the report: https://nickfalvo.ca/subsidized-housing-for-francophone-seniors-in-minority-situations/

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Homelessness among older persons
February 4, 2025
The economic policy legacy of the Justin Trudeau Liberal Government, 2015 to 2024
January 7, 2025
Interrogating the ‘Vibecession’
December 2, 2024
Homelessness planning during COVID
November 14, 2024
Demand-side housing assistance
October 24, 2024
Homelessness 101
October 18, 2024

Robert Skidelsky

Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
March 18, 2025
18th of March 2025 My Lords, last Thursday, the noble Lord, Lord Howell, asked the House to take note of the UK’s international position. My purpose today is narrower but more urgent; to ask the Government what their Ukraine policy now is. It is urgent because the Trump Administration have torn up the familiar script. I wish the Government had offered a full-length debate to consider the consequences of this. I remind your Lordships of...

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House of Lords Speech – Ukraine: “A wake up call” (International Relations and Defence Committee Report)
March 7, 2025
Speech in the House of Lords – Conduct Committee
March 7, 2025
The American Conservative – Why Is the UK So Invested in the Russia–Ukraine War?
February 25, 2025
The American Conservative: Skidelsky on Russia, Ukraine and the Future of European Security
February 25, 2025
Britain’s insistence on total Ukrainian victory was misguided – it’s time for a realistic compromise
February 25, 2025
Ukrayna: Savaş mı barış mı? – Article in Karar – 13/01/2025
January 16, 2025

Robert Vienneau: Thoughts Economics

Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
April 11, 2025
Table 1: Lower Rate of Profits around a Switch Point Tradional Marginalist Story'Perverse' Marginalist Story Traditional Austrian StoryGreater net output per workerSmaller net output per worker More roundabout techniqueMore roundabout technique Switch pt. in region 2, 1st in region 52nd switch point in region 3, 2nd in region 6 'Perverse' Austrian StoryGreater net output per workerSmaller net output per worker Less roundabout techniqueLess...

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Robert Lucas On Recessions As Workers Choosing To Take Long Vacations
April 7, 2025
Perturbations Of Selected Parameters In The Corn-Tractor Model
April 3, 2025
Duncan Foley On Why General Equilibrium Maybe Is Not Neoclassical Economics
March 31, 2025
Double Fluke Cases For Triple-Switching In The Corn-Tractor Model
March 27, 2025
Gunnar Myrdal Sounding Like Tony Lawson?
March 24, 2025
The Emergence of Triple Switching and the Rarity of Reswitching Explained
March 19, 2025

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

JOLTS revisions from Yesterday’s Report
March 12, 2025
[unable to retrieve full-text content]Angry Bears’ New Deal democrat discusses JOLTS frequently. I am not sure if everyone knows what it means. I believe it calls for a short explanation. The acronym JOLTS is an abbreviation for “Job Openings and Labor Turnover Survey.” The Bureau of Labor Statistics (BLS) produces JOLTS reports monthly and also annual estimates of job […] The post JOLTS revisions from Yesterday’s Report appeared first on...

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No Invading Allies Act
March 12, 2025
A Developed Taste
March 12, 2025
The North American Automobile Industry Waits for Trump and the Gov. to Act
March 12, 2025
Families Struggle Paying for Child Care While Working
March 12, 2025
Time for Senate Dems to stand up against Trump/Musk
March 12, 2025
Is abundance the liberal answer to Trump?
March 11, 2025

Thomas Palley: Economics for Democratic and Open Societies

The Ukraine war and Europe’s deepening march of folly
March 24, 2025
In her book The March of Folly: From Troy to Vietnam, the historian Barbara Tuchman explores the perplexing question of why countries sometimes pursue policies that are fundamentally contrary to their own interests. That question has acquired renewed relevance as Europe has now enlisted in a deepening march of folly over Ukraine. Failure to reject ...

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Germany’s election & why it is important to understand the Ukraine War
February 2, 2025
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

Thomas Piketty

Regaining confidence in Europe
March 18, 2025
In the face of the Trumpian onslaught, Europe urgently needs to regain its self-confidence and propose a different development model to its citizens and the world. To achieve this, it must start by overcoming the permanent self-denigration that too often stands in for public debate on our continent. According to the doxa that prevails in many leadership circles, Europe is living beyond its means and needs to tighten its belt. The latest...

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Trump, national-capitalism at bay
February 18, 2025
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

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