Heterodox
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What is new?
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Australia Day open thread
Your thoughts on the national day. Share this:Like this:Like Loading...
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Goodbye empire? US sanctions are failing in the face of multipolarity — Felix Livshitz
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Alternative approaches to the history of economic ideas
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Debt, Deficits, Secular Stagnation and the Which Way Is Up Problem in Economics — Dean Baker
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Mike’s prediction from 2016
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Debt, deficits, secular stagnation and the which way is up problem in economics
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Migrating to Mastodon and some additional announcements — Bill Mitchell
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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Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports
The Honorable Janet L. Yellen U.S. Department of Treasury 1500 Pennsylvania Ave., NW Washington, D.C. 20220 October 11, 2022 Dear Secretary Yellen: We are a group of economists with expertise in oil markets, international trade, and political economy, writing to express our support for the proposed price cap on Russian...
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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
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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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Three Things I Think I Think – Bankrupt Ideologies
1) The Competition for Worst Ideology is Heating Up There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has happened in American politics – the centrists have been silenced as both fringes scream over them. And it’s the fringe thinking that gets all the attention these days. In the case of the debt ceiling we’ve got fringe thinkers on the right actively threatening to...
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FAQ Answers – Part 1
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Ask Me Anything (Comments Open!)
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Three Things I Think I Think – Silly Debates
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Three Things I Think I Think – Happy Disinflation Year?
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The Best of Pragcap in 2022
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2023 Investment Outlook (Video)
EconoSpeak
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Extending Capital to Nature, Reducing Nature to Capital
The Biden administration has announced it is inaugurating a program to incorporate the value of natural resources and ecological services into national income accounts. The New York Times article reporting this development predictably portrays the response as divided between two camps: on the one side are environmentalists, who think this will lead to more informed decision-making, and on the other Republicans and business interests who fear...
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Herb and then Barkley: we will try to sing your song right
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Barkley Rosser, 1948-2023
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Memo to Janet Yellen
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Herb Gintis, 1940-2023
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Why the Battle over Electing a House Speaker
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A New Wellbeing Rankings Study
Francis Coppola
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Hollow Promises
Today, I bring you the sad tale of a crypto lender that promised safety and high returns to its depositors, but whose promises have proved to be as hollow as its name. Donut Inc., a self-proclaimed DeFi" lender, has a "Proof of Reserves" section on its website. This is supposed to reassure customers that their deposits are matched one for one by the platform's liquid assets. I am firmly of the opinion that "Proof of...
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Cutting Taxes Could Stop Inflation With Frances Coppola
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Snake oil sellers in the stablecoin world
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The entire crypto ecosystem is a ponzi
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Cryptocurrency commentator Frances Coppola discusses the collapse of the FTX exchange
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KHAS Global Political Economy Lecture 3: Frances Coppola
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The FTX-Alameda nexus
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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Australia Day open thread
Your thoughts on the national day. Share this:Like this:Like Loading...
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Sandpit
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Monday Message Board
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Mitigated disaster
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Australia (Act) Day (annual repost)
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The Voice to Parliament referendum is in danger of defeat
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Monday Message Board
Lars P. Syll
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On gender and alcohol
On gender and alcohol Breaking news! Using advanced multiple nonlinear regression models similar to those in recent news stories on alcohol and dairy and more than 3.6M observations from 1997 through 2012, I have found that drinking more causes people to turn into men! Across people drinking 0-7 drinks per day, each drink per day causes the drinker’s probability of being a man to increase by 10.02 percentage points...
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When in Berlin … (personal)
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Pastoral
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Causal inferences — what Big Data cannot give us
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Systembrus
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Victoria Chick (1936-2023) In Memoriam
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Vague / E la nave va
Michael Hudson
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Introducing the Geopolitical Economy Hour
[unable to retrieve full-text content]Radhika: Hi everyone, and welcome to this Geopolitical Economy Hour. I’m Radhika Desai. Michael: And I’m Michael Hudson. Radhika: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our twenty-first-century world. We’ll discuss international developments. We’ll discuss their roots in individual countries and regions. Continue Reading...
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Systemic Sponsors of Self-Interest
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China the Change Agent – Patreon Q&A #3
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Michael Hudson’s Patreon Q&A
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Oligopoly Unchecked
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EU Pressures
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War and Debt to Rule
Mike Norman Economics
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Goodbye empire? US sanctions are failing in the face of multipolarity — Felix Livshitz
Published by the Council on Foreign Relations NGO, Foreign Affairs provides space for officials within the US military industrial complex to communicate with one another on matters they believe to be of the utmost significance. Therefore, it is important to pay attention when the magazine makes major pronouncements on any issue.It recently published an appraisal of US sanctions – the conclusion being that they are increasingly ineffective,...
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Debt, Deficits, Secular Stagnation and the Which Way Is Up Problem in Economics — Dean Baker
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Mike’s prediction from 2016
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Migrating to Mastodon and some additional announcements — Bill Mitchell
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MMT And Banking — Brian Romanchuk
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The Most Egregious Mistake — Alastair Crooke
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Why sanctions may backfire — Heribert Dieter
Mosler Economics
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Updated blog posts
Please visit https://warrenmosler.com/blog/ for new posts! Thank you!
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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
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Retail sales, consumer sentiment
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Retail sales, consumer sentiment
Multiplier Effect
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Otmar Issing Is Still Living in His Monetary Fantasy World
Otmar Issing can look back on a long and consequential central banking career. Even in his retirement he is still living the part, evaluating whether his successors at the European Central Bank are pursuing stability-oriented monetary policies to his liking. His most recent critique (“‘Living in a fantasy’: euro’s founding father rebukes ECB over inflation response” https://www.ft.com/content/145b6795-2d21-48c6-984b-4b05d121ba16) shows him on...
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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)
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Podcast on Gender Budgeting
Naked Keynesianism
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Alternative approaches to the history of economic ideas
Teaching two history of thought classes this semester. One more traditional, focusing on the evolution of the theories of value and distribution, and another one, my regular senior seminar, on the co-evolution of ideas and policy in the United States. For the former I used a short piece by Peter Boettke on the reasons for reading the original sources (and they do read a fair amount in my class). The blackboard (pictured above) is based on his...
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The 1920-21 recession
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New book on the crisis of economics and teaching in Latin America
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Cycles: empirics and the supermultiplier theory
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Kalecki’s alternative to Keynes and White and its consequences
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Public vs private debt
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Kalecki’s Alternative to Keynes and White’s Plans its Consequences
New Economic Perspectives
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New Economic Perspectives 1970-01-01 00:00:00
[unable to retrieve full-text content]
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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
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STANDARD MONEY THEORY
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STANDARD MONEY THEORY
New Economics Foundation
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Why carbon taxes should be spent on insulating the nation’s draughty homes
Blog Why carbon taxes should be spent on insulating the nation’s draughty homes The UK is raising more money from carbon taxes than it is spending on tackling emissions – these funds should go towards insulating our draughty homes. By Margaret Welsh, Alex Chapman 17 January 2023...
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We can’t fix the NHS crisis until we fix our social care crisis
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A care workforce fit for Britain
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NEF’s 2022 reading list
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Can words change the world?
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The New Economics Zine: Issue 5
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NEF review of the year 2022
Peter Cooper: Heteconomist
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‘Unproductive’ Labor and Marxist Resistance to MMT
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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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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Marx and MMT – Remarks on Long-Term Policy and Social Implications
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‘Money’ in Marx and MMT and Social Implications
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Marx, MMT, and a Currency’s Expression of Labor Time
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MMT and Embedded Marxian Value
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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Martin Luther King, Jr., Was A Democratic Socialist
I was prompted to write this post by Matthew Yglesias's post from Martin Luther King Day. "[A. Philip] Randolph, of course, continued as a major leader in the struggle until his death in 1979. When I became deeply involved in the civil rights movement in the fifties and sixties, I was a conscious Randolphite, dedicated to the program of an integrated class struggle against both exploitation and racism. And when I began to work with...
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CCC Does Not Depend On Reswitching
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Translation Between The Language Of Classical Economists And Marginalists
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Reswitching Of The Order Of Fertility
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John Barkley Rosser, Jr. (1948-2023)
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Herb Gintis (1940 – 2023)
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Reswitching Of The Order Of Rentability
Prime, Policy Research in Macroeconomics
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Waiting for Deglobalisation – I
This article first appeared in the Economic & Political Weekly on 12 November 2022. Monetary Policy Debates in the Age of Deglobalisation This article is the first in a series of two articles on monetary policy debates in the age in which deglobalisation is a buzzword. The ongoing monetary policy debates of the age will be discussed by focusing on macroprudential measures, capital controls and central bank independence in Part II....
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To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
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Changes in the UK labour market from 2019 to 2022 – our new report
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Central bankers, inflation “cousins” & the real threat to the global economy
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Lending and Profiteering – Lessons from Argentina’s Recent Debt Problems
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The conferment of an honorary doctorate at Helsinki University: my speech.
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The UK’s public spending led recovery – before the cost-of-living deluge strikes
Progressive Economics Forum
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Is the Economy “Running Hot”? Or Cold, and Getting Colder?
The Bank of Canada is widely expected to increase its policy interest rate again this week, for the eighth time in the last 10 months. Media and financial market commentary on its decision has made numerous throwaway references to how Canada’s economy is still “running hot,” and that i why a rate hike is needed. This common claim is surprising, and not consistent with economic evidence. Canada’s economy is not “running hot” by any concrete...
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Yes, Virginia, Supermarket Profits HAVE Expanded
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The co-op difference: Comparing co-op and market rents in five Canadian cities
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Rough sleeping and encampments
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Theory and homelessness
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The Progressive Economics Forum 1970-01-01 00:00:00
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PEF AT THE CEA 2022
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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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The Return of Thoughtcrime
The UK’s draconian Public Order Bill, which seeks to restrict certain forms of protest used by climate activists, will expand the state’s ability to detain people deemed disruptive and limit the courts’ ability to restrain it. This will align the British legal system with those of authoritarian countries like Russia. LONDON – In December 1939, police raided the home of George Orwell, seizing his copy of D.H. Lawrence’s Lady Chatterley’s...
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Spying on Citizens
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Speech on “Ukraine: Tactical Nuclear Weapons”
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Speech on the Autumn Statement 29 November 2022
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Too Poor for War
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Reinstating fiscal policy for normal times: Public investment and Public Jobs Programmes
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House of Lords Speech on the Public Order Bill
Robert Vienneau: Thoughts Economics
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Martin Luther King, Jr., Was A Democratic Socialist
I was prompted to write this post by Matthew Yglesias's post from Martin Luther King Day. "[A. Philip] Randolph, of course, continued as a major leader in the struggle until his death in 1979. When I became deeply involved in the civil rights movement in the fifties and sixties, I was a conscious Randolphite, dedicated to the program of an integrated class struggle against both exploitation and racism. And when I began to work with...
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CCC Does Not Depend On Reswitching
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Translation Between The Language Of Classical Economists And Marginalists
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Reswitching Of The Order Of Fertility
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John Barkley Rosser, Jr. (1948-2023)
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Herb Gintis (1940 – 2023)
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Reswitching Of The Order Of Rentability
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Seldomly updated
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Letter to Treasury Secretary Janet Yellen: In Support of a Price Cap on Russian Oil Exports
The Honorable Janet L. Yellen U.S. Department of Treasury 1500 Pennsylvania Ave., NW Washington, D.C. 20220 October 11, 2022 Dear Secretary Yellen: We are a group of economists with expertise in oil markets, international trade, and political economy, writing to express our support for the proposed price cap on Russian...
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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
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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?
Sergio Cesaratto: Politica and EconomiaBlog
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Intervista a Il sussidiario
J’ACCUSE/ “La Bce vuole la recessione e colpisce due volte l’Italia” Pubblicazione: 21.12.2022 - int. Sergio Cesaratto La Bce cerca una recessione per far diminuire l’inflazione e colpisce doppiamente l’Italia che si troverà quindi in grandi difficoltà...
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Intervista sul Sussidiario su guerra e bilancio
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Presentazione a Rio (virtuale) su Surplus ed istituzioni
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As fronteiras do pensamento heterodoxo | Sergio Cesaratto | Fabio Petri
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Inflazione, elezioni e conflitto
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A propos di Sei lezioni sulla moneta
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Sei Lezioni sulla Moneta: una discussione con Sergio Cesaratto
Socialdem. 21st Century
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HASIL DEBAT, KELOMPOK 12 LORD KEYNES
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Bibliography on Marx’s Law of the Falling Rate of Profit
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Responding to Keith Woods’ (and Lord Keynes’) Critique of the Labour Theory of Value
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DEBATE: Lord Keynes VS Victor Magariño
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Zachariah’s “Labour Value and Equalisation of Profit Rates”: A Critical Review
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Lord Keynes
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Academic Agent versus “Adam Friended” on Price Inflation and MMT
Stavros Mavroudeas Blog
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Μνημόσυνο Δημ. Μαυρουδέα – Κυριακή 22/1, 12:00 Α΄ Νεκτροταφείο
Με την συμπλήρωση 40ημερών από την εκδημία του πολυαγαπημένου μας Δημήτριου Μαυρουδέα θα τελεστεί μνημόσυνο την Κυριακή 22/1/2023, 12:00 στο Α΄ Νεκροταφείο Αθηνών. Advertisement Ρυθμίσεις απορρήτου
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Μισθοί δημ. υπαλλήλων & κατάσταση της οικονομίας – BEST TV 18-10-2022
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Πού οφείλεται η εκρηκτική αύξηση του πληθωρισμού;, Documento 20-12-2022
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Mavroudeas S. (2022), ‘The adventures of Economic Policy within Mainstream Economics’ in Essays in Economic Theory and Policy in Honor of Professor Stella Karagianni, Athens: Gutenberg
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Αγγελτήριο Δ.Μαυρουδέα
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Εκδήλωση ΕΑΑΚ για το Επιχειρηματικό Πανεπιστήμιο – Θεσσαλονίκη 3/12/2022, 4μμ Πολυτεχνείο ΑΠΘ
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Η μισθολογική κατάσταση των εργαζομένων στον Δημόσιο τομέα – Παρασκευή 4/11, 3μμ Υπουργείο Εργασίας
Steve Keen’s Debt Watch
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Μνημόσυνο Δημ. Μαυρουδέα – Κυριακή 22/1, 12:00 Α΄ Νεκτροταφείο
Με την συμπλήρωση 40ημερών από την εκδημία του πολυαγαπημένου μας Δημήτριου Μαυρουδέα θα τελεστεί μνημόσυνο την Κυριακή 22/1/2023, 12:00 στο Α΄ Νεκροταφείο Αθηνών. Advertisement Ρυθμίσεις απορρήτου
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Μισθοί δημ. υπαλλήλων & κατάσταση της οικονομίας – BEST TV 18-10-2022
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Πού οφείλεται η εκρηκτική αύξηση του πληθωρισμού;, Documento 20-12-2022
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Mavroudeas S. (2022), ‘The adventures of Economic Policy within Mainstream Economics’ in Essays in Economic Theory and Policy in Honor of Professor Stella Karagianni, Athens: Gutenberg
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Αγγελτήριο Δ.Μαυρουδέα
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Εκδήλωση ΕΑΑΚ για το Επιχειρηματικό Πανεπιστήμιο – Θεσσαλονίκη 3/12/2022, 4μμ Πολυτεχνείο ΑΠΘ
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Η μισθολογική κατάσταση των εργαζομένων στον Δημόσιο τομέα – Παρασκευή 4/11, 3μμ Υπουργείο Εργασίας
The Angry Bear
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Jury Findings for the January 6 Insurrectionists
I am waiting to see what the courts dish out for the insurrectionists who thought it was kind-of-“kool” to attack the Senate and House while in session certifying the 2020 presidential election vote. The insurrectionist sitting at Nancy Pelosi’s desk was sentenced last week. He claimed he was looking for a bathroom. So far, I have not been impressed with the sentences handed down to insurrectionists. I believe the sentencing is too lenient....
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ChatGPT goes to Wharton
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How “FHFA-CPI” using house prices rather than OER shows a sharp deceleration in inflation
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Changing the Student Loan System
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New Deal democrat’s weekly indicators for January 16 – 20
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Two basic problems of a declining population in a Country
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Tomorrow, January 22, is the fiftieth anniversary of the Right to Decide
Thomas Palley: Economics for Democratic and Open Societies
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World Cup, RT CrossTalk, and US domestic censorship
Most of the time I write dense blogs & research papers. I sent the e-mail below to someone close to me. Afterward, I realized it tacitly says a lot about the state of our society (liberals included). Sometimes, mixing things and writing about them in a different way can be revealing. Sent: Saturday, December 17, ...
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Deglobalization, conflict, & the self-inflicted threat to democracy: consequences of US imperial over-reach
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Comments on the history of the Review of Keynesian Economics on its tenth anniversary
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The false promise and bitter fruit of Neoliberalism: political economic disembedding, cultural transformation, and the rise of proto-fascist politics
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XVIII Jornadas de Economía Crítica | T. Palley | The false promise and bitter fruit of Neoliberalism
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Sabotaging Germany, blaming Russia: another view of the Nord Stream pipeline attack
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How the West betrayed Mikhail Gorbachev and seeded the Ukraine conflict
Thomas Piketty
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Capital in the Twenty-First Century by Thomas Piketty Book Summary
Hey everyone! In this video, I'm giving you a 2 minute summary of the book "Capital in the Twenty-First Century" by Thomas Piketty. This book is an analysis of the long-term dynamics of wealth and income inequality. Piketty argues that the rate of capital return in developed countries is greater than the rate of economic growth and that this will cause wealth inequality to increase in the future. He recommends a global system of...
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President of the rich, season 2
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Thomas Piketty: ‘You have to make the richest people pay more’ | UpFront
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🎄CASE 22: “Le Capital au XXIe siècle”, Thomas Piketty #économie
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📚 Capital in the TWENTY-FIRST Century (AudioBook) by Thomas Piketty 🎧
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Thomas Piketty with Javier Mejia | A Brief History of Equality
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Rethinking protectionism
Yanis Varoufakis: Thoughts for the Post-2008 World
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Yanis Varoufakis on why the idea that Southern Europe is more corrupt than Northern Europe is a myth
DiEM25 co-founder Yanis Varoufakis explains why the idea that Southern Europe is more corrupt than the richer, Northern part of the continent is a myth. SUPPORT US --------------------- Join DiEM25: https://diem25.org/join Subscribe: https://www.youtube.com/c/DiEM25official Donate to DiEM25: https://diem25.org/donate
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23 books i want to read in 2023 (and other reading goals)
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Politik Para Nedir? | Yanis Varoufakis #neoliberalizm #bitcoin #btc #kripto #crypto #kriptopara
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The Sharing Economy, the Peer-to-Peer Economy and the Collaborative Economy
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Γ. Βαρουφάκης: Τους νεοναζί πρέπει να τους τσακίσουμε ηθικά, πολιτικά, εκλογικά
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Γ. Βαρουφάκης: Η δημόσια Παιδεία σήμερα αναστενάζει εδώ στο Αιγάλεω
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.."he is now rotting in Belmarsh in Britain’s Guantanamo" #YanisVaroufakis