Heterodox
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What is new?
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Escobar: Eurasian Heartland Rises To Challenge The West — Pepe Escobar
As a result of BRI, the New Silk Road, CSTO, SCO, the explosive growth in the coming years is likely to come from the developing world, not only Africa and Latin America but also the countries of Central Asia lying between and linking Russia and on to Europe and China as a gateway to Asia.Central Asia is part and parcel of the Western foreign policy position regarding Russia and China. It is about who is going to control the Heartland and...
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The Deficit Myth is Hanging On for Dear Life — Stephanie Kelton
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Achieving by Undermining — Radhika Desai and Michael Hudson
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U.S. Breakeven Inflation Comments — Brian Romanchuk
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Only DA Willis Can Save Us
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Achieving by Undermining
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Chartbook 216: When was the era of Bretton Woods? — Adam Tooze
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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We’re Moving!
Thanks to everyone who has read Pragmatic Capitalism for the last 15 years. I’ve loved writing this blog, but we need to consolidate our financial content going forward. It’s become too difficult publishing content to so many different platforms and when Google killed Feedburner it compounded the problems. We’ve created a new, FREE newsletter service called Discipline Alerts. It will push macro research, outlooks and educational content to...
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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)
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I am Not a Dog Person Anymore
EconoSpeak
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Only DA Willis Can Save Us
Imagine: Trump convicted of federal crimes by Jack Smith, sentenced to prison and imprisoned during 2024 election cycle, wins election and proceeds to pardon himself. The Supine Court upholds his self-pardon, Thomas writing for the majority.Are you sufficiently scared? To forestall this, he must be convicted of serious felonies at the state level: a president's power to pardon only bears on federal crimes. Hence my title: Godspeed, Fani...
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Peter Pan to the rescue
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Escape from Muddle Land
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Economic Insomnia? A Review of “The Guest Lecture” by Martin Riker.
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This Is What Happens When Progressives Look the Other Way
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The Unbearable Tightness of Peaking
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No More Noma
Francis Coppola
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Sunset
Dear friends, this is my last post on this site. Coppola Comment has moved to Substack. You can find the new site here. Why the move? Well, Blogger has become increasingly difficult to use. The code generator is buggy and I constantly have to mess around with the HTML to make posts look half decent. I don't have the time for this nonsense. I just need a nice straightforward CMS that doesn't make my life difficult. Also, those of you who...
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A fractional reserve crisis
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What really happened to Signature Bank NY?
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The Peston effect
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Silvergate Bank – a post mortem
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Lessons from the disaster engulfing Silvergate Capital
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This Economist Doubts We Will Have A Recession, But Crypto Has More To Lose | Frances Coppola
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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Self-defence economics vs military economics
Yesterday, I gave a presentation to the Canberra Security Economics Network. Central point: *Self-defence is special, military expenditure is not* Spelling this out *The need to defend the country against invasion, air attack or naval blockade involves existential risk Any other use of military power should be assessed in terms of (opportunity) costs and benefits Compared to alternative public or private expenditures Share...
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Sandpit
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Monday Message Board
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Utilitarianism comes to benefit-cost analysis
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Why nuclear power won’t work in Australia — yet another explainer
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Five minutes of sunshine
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What I’ve been doing and saying
Lars P. Syll
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Det dunkelt sagda
“Det dunkelt sagda är det dunkelt tänkta” — fanns det ‘postmodern’ mumbojumbo redan på Esaias Tegnérs tid?
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The problem with Foucault
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Foucault’s anti-socialism
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Stefan Nilsson (1955-2023)
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Foucault’s neoliberalism
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Ricardiansk ekvivalens och budgetunderskott
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In my dreams
Michael Hudson
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Achieving by Undermining
[unable to retrieve full-text content]RADHIKA DESAI: Hello and welcome to the 10th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And as last time, we have once again with us today, Professor Mick Dunford, professor emeritus at Sussex Continue Reading The post Achieving by Undermining first...
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The Arc of Time: Pro-Creditor History
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Neo-Liberal Machine Corners Ukraine, EU
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Pepe Escobar’s review of The Collapse of Antiquity
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Krugman Clings to Currency Tropes
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The Hard Iron Financial Fist
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The QE Quandry
Mike Norman Economics
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Escobar: Eurasian Heartland Rises To Challenge The West — Pepe Escobar
As a result of BRI, the New Silk Road, CSTO, SCO, the explosive growth in the coming years is likely to come from the developing world, not only Africa and Latin America but also the countries of Central Asia lying between and linking Russia and on to Europe and China as a gateway to Asia.Central Asia is part and parcel of the Western foreign policy position regarding Russia and China. It is about who is going to control the Heartland and...
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The Deficit Myth is Hanging On for Dear Life — Stephanie Kelton
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Achieving by Undermining — Radhika Desai and Michael Hudson
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U.S. Breakeven Inflation Comments — Brian Romanchuk
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Chartbook 216: When was the era of Bretton Woods? — Adam Tooze
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Debt Ceiling Deal
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McCarthy bringing out the big guns
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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Soft landing or recession
This is a very short note, prompted by the increasing fears of the default and its consequences, which I think it's greatly exaggerated, and the relatively optimistic views about the effects of monetary tightening. Sure enough, as I noted recently, an adjustment, and lower spending, associated either with an agreement with Congress Republicans (very unlikely) or as contingency plans (14th Amendment of other solutions) are implemented, could...
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How Industrialization Become the Core of Raúl Prebisch’s Thought
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The Forgotten Case Against Milton Friedman: Jacobin’s Interview with Tom Palley
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The debt ceiling and the American economy: not Armageddon
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Is dependency over?
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The problem with Keynes’ General Theory: by Tom Palley
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Lavoie on Inflation Theory: Conflicting claims versus the NAIRU
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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Aggressive aviation
Videos Aggressive aviation Aviation industry political lobbying is a threat to us all 25 May 2023 Major airliners and airports have been under fire for some time now over their climate wrecking business model but they also do some of the most aggressive political...
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New Economics Podcast: A crisis of caregiving
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For voters, the cost of living is front of mind
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New Economics Podcast: Should we all be troublemakers at work?
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A National Energy Guarantee
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Beyond the bottom line
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New Economics Podcast: Have we been conned by consultants?
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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A Letter From Marx To Engels In 1868 On The Transformation Problem
In this letter, Marx outlines the three volumes of Capital. I know about this letter from Fred Moseley's Money and Totality (2016). Is this where scholars learned about Marx's mother (-in-law?) saying, "If only Karl had accumulated capital instead of writing about it"? The context is a discussion, in a couple of previous letters, of the effects of inflation on the rate of profits. This letter is more evidence that Marx was quite...
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Elsewhere
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Rate Of Profits As A Weighted Sum Of Value Rate Of Profits
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Böhm-Bawerk On The Close Of Marx’s System
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Von Mises Confused About Formal Reasoning, Praxeology
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Books With ‘Capital’ In Their Title On My Bookshelf
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Marx and Engels Collected Works
Prime, Policy Research in Macroeconomics
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The UK economy – stalled and unhealthy
Day after day, day after day,We stuck, nor breath nor motion;As idle as a painted shipUpon a painted ocean. [The Rime of the Ancient Mariner, Samuel Taylor Coleridge] The UK economy remains stuck. Last Friday, the latest GDP numbers for the UK (first estimate for Q1 2023) from the Office for National Statistics (ONS) indicate that the UK economy is still a little shy of where it was back in late 2019, still down by 0.5% on Qs 3 and 4 of that...
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UK – bottom of the international economic league table
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Monetary Policy Debates in the Age of Deglobalisation: the Turkish Experiment-II
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Settling the public sector pay disputes now – modest cost, big benefits
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Waiting for Deglobalisation – I
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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
Progressive Economics Forum
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PEF at the Canadian Economics Association meetings 2023
The Progressive Economics Forum holds its annual meetings at the Canadian Economics Association (CEA) conference, which we thank for its financial support. In this year’s CEA, we are also celebrating PEF’s 25th anniversary. This year’s CEA conference will be held in person on June 2-3, 2023 in Winnipeg. A day of online only sessions will be held in advance of the conference on Tuesday May 30, 2023. The CEA Embrace Day with workshops will...
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Health and homelessness
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What did Canada’s recent federal budget do for housing and homelessness?
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Subsidized rental housing and homelessness under Alberta’s first UCP government
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Ten things to know about the 2023-24 Alberta budget
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Emergency facilities for people experiencing homelessness
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Is the Economy “Running Hot”? Or Cold, and Getting Colder?
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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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Creeping Toward Dystopia
May 25, 2023 ROBERT SKIDELSKY Amid the growing excitement about generative AI, there are also mounting concerns about its potential contribution to the erosion of civil liberties. The convergence of state intelligence agencies and surveillance capitalism underscores the threat that artificial intelligence poses to the future of democracy. LONDON – With investors pouring billions of dollars into artificial intelligence-related startups,...
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FrankenTech
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Can Governments Still Steer the Economy?
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Speech on the Spring Budget Statement 2023
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Robert Skidelsky 2023-03-01 10:44:24
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Letter: The economic conditions that make wars more likely
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Globalization’s Latest Last Stand
Robert Vienneau: Thoughts Economics
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A Letter From Marx To Engels In 1868 On The Transformation Problem
In this letter, Marx outlines the three volumes of Capital. I know about this letter from Fred Moseley's Money and Totality (2016). Is this where scholars learned about Marx's mother (-in-law?) saying, "If only Karl had accumulated capital instead of writing about it"? The context is a discussion, in a couple of previous letters, of the effects of inflation on the rate of profits. This letter is more evidence that Marx was quite...
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Elsewhere
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Rate Of Profits As A Weighted Sum Of Value Rate Of Profits
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Böhm-Bawerk On The Close Of Marx’s System
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Von Mises Confused About Formal Reasoning, Praxeology
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Books With ‘Capital’ In Their Title On My Bookshelf
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Marx and Engels Collected Works
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Seldomly updated
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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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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
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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Stavros Mavroudeas on the IRIB (Iran’s national TV channel) discussing the European energy crisis and its human cost
IRIB (the iranian national TV channel) hosted a discussion about the human costs of the European energy crisis. The lead was given by a recent ECONOMIST article arguying that the deaths caused (through cardiac and respiratory complications) by the lack of sufficient energy (caused by the skyrocketing of the energy prices) surpassed those caused by COVID-19. Unsurprisingly, the ECONOMIST attributed the high cost of energy to Russia and the...
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Ημερίδα του ΕΚοιΠ, «Εργασιακή απορρύθμιση και ευαλωτότητα σε καιρούς ελάχιστης κοινωνικής προστασίας»
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S.Mavroudeas commenting on the Greek 21-5-2023 elections on Press TV international programme
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Η «χάρτινη» οικονομία, η επερχόμενη καταιγίδα και η ανάγκη στήριξης της αντικαπιταλιστικής Αριστεράς
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Προεκλογική εκδήλωση της ΑΝΤΑΡΣΥΑ στο Πόρτο Ράφτη14/5/2023,
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Εκδήλωση ΑΝΤΑΡΣΥΑ, Πόρτο Ράφτη, Κυριακή 14/5 11πμ.
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Ο Μητσοτάκης, ο Τσακαλώτος και η χώρα της φαιδράς πορτοκαλέας
Steve Keen’s Debt Watch
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Stavros Mavroudeas on the IRIB (Iran’s national TV channel) discussing the European energy crisis and its human cost
IRIB (the iranian national TV channel) hosted a discussion about the human costs of the European energy crisis. The lead was given by a recent ECONOMIST article arguying that the deaths caused (through cardiac and respiratory complications) by the lack of sufficient energy (caused by the skyrocketing of the energy prices) surpassed those caused by COVID-19. Unsurprisingly, the ECONOMIST attributed the high cost of energy to Russia and the...
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Ημερίδα του ΕΚοιΠ, «Εργασιακή απορρύθμιση και ευαλωτότητα σε καιρούς ελάχιστης κοινωνικής προστασίας»
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S.Mavroudeas commenting on the Greek 21-5-2023 elections on Press TV international programme
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Η «χάρτινη» οικονομία, η επερχόμενη καταιγίδα και η ανάγκη στήριξης της αντικαπιταλιστικής Αριστεράς
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Προεκλογική εκδήλωση της ΑΝΤΑΡΣΥΑ στο Πόρτο Ράφτη14/5/2023,
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Εκδήλωση ΑΝΤΑΡΣΥΑ, Πόρτο Ράφτη, Κυριακή 14/5 11πμ.
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Ο Μητσοτάκης, ο Τσακαλώτος και η χώρα της φαιδράς πορτοκαλέας
The Angry Bear
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The debt limit denouement
The deal is much better than I expected for Democrats, and much worse for Republicans (preliminary summaries by Dayen and Stein). Of course, the whole thing was destructive and pointless and the deal is bad in the way one would expect – it includes work requirements for some food stamp and TANF recipients. On the plus side, these requirements are crafted to limit the number of people affected while letting the Republicans claim a “win”....
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Origins of Memorial Day
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‘Tax the Ultra-Rich and Do It Now’
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“Journalistic Malpractice” by The New York Times?
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The modern free press
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Tax Deal Open Thread Theater
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New Deal democrats Weekly Indicators for May 22 – 26
Thomas Palley: Economics for Democratic and Open Societies
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The forgotten case against Milton Friedman: an interview about inflation and the Phillips curve
Milton Friedman revolutionized macroeconomics with his 1967 presidential speech to the American Economics Association (AEA), which presented a theory of the so-called natural rate of unemployment for the first time. That speech, which played a major role in discrediting the brand of Keynesianism that prevailed in postwar liberal economic policy thinking, remains one of the ...
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Causes and consequences of the Ukraine conflict: an eight-point primer
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Keynes’ denial of conflict: why The General Theory is a misleading guide to capitalism and stagnation
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World Cup, RT CrossTalk, and US domestic censorship
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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
Thomas Piketty
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What if economists were about to change?
Let’s celebrate. The American Economic Association (AEA), the main professional organisation for economists in the United States, has just awarded the Clark Medal to Gabriel Zucman for his work on the concentration of wealth and tax evasion. Awarded each year to a winner under the age of 40, the distinction is given in particular for innovative work demonstrating the considerable importance of tax evasion by the richest, including in...
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Can we trust constitutional judges?
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Macron, the social and economic mess
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Se equivocó Thomas Piketty jaja #shorts
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Debate entre Alain Badiou y el economista Thomas Piketty
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Emerging from the pension crisis
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La destrucción educativa neoliberal
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