Mike Norman Economics

Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe DNA of Western civilization is financially unstableMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Clash of cultures, and economies. Strategic Culture FoundationWestern Wishful Thinking – ‘Excluding Everything That Makes China What It Is’ Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

Bill takedown of Sabine Lautenschläger, member of the Executive Board of the ECB and former Vice-President of the Bundesbank, presents a suitable opportunity for me to inject my own experience over the past several weeks following many hits from Google alerts on "MMT" and associated topics, including the MMT economists. I have not posted these since they are so off-base they are not even worth commenting on, and they are also repetitious. All wrong in pretty much the same ways. There as...

John Mearsheimer should watch this.  [embedded content] I met journalist and friend Rafiq Lutf and cameraman Abdul-Mun’aim Arnous in January 2018 and I was honoured when Rafiq asked me to work with him on his film project, The Veto. As Dr Shaaban said to me in August 2016, “Western propaganda is paid for in Syrian blood”. This is true. The horrifying bloodshed and loss of life in Syria could never have happened without the colonial media manufacturing consent for another illegal war...

John Mearsheimer’s, the author of The Great Delusion, believes the liberal interventionalists had good intentions, but I don't see it like that all, what I see is business as usual, where the liberal interventionalists were too evil to have good intentions.  Destroying Syria was about gas pipelines, it certainly wasn't about spreading liberal values as the West backed the head-chopping jihadists. How could John Mearsheimer get it so wrong. But he is a mainstream political scientist, and at...

You have to know about these factors if you are to stay invested.

So it was great that I had been invited to present the case for the contribution of Marxist economics, along with Carolina Alves, the Joan Robinson fellow at Girton College, Cambridge. In my presentation (see my PP here The contribution of Marxian economics), I outlined the differences in theory and policy, both micro and macro between mainstream neoclassical economics, the heterodox alternatives (Keynesian, post-Keynesian, institutional and Austrian) and the Marxist. I see this as three...

Another backgrounder, but more about the US and Russia than China.Strategic Culture FoundationPentagon Obsession: China, China, China Pepe Escobar

The concept of opportunity cost “The opportunity cost of anything of value is what you must give up so that you can have it.” is the central theme of my book Economics in Two Lessons,due out in the US on 19 April and hopefully in Australia soon after that. My central claim is that two lessons based on opportunity cost and their relationship to market prices provide a framework within which almost any problem in economic policy can usefully be considered.…So, I was impressed to see Bill...

"The Distributional Financial Accounts (DFAs) provide a quarterly measure of the distribution of U.S. household wealth since 1989, based on a comprehensive integration of disaggregated household-level wealth data with official aggregate wealth measures.…" More data. The Case for Concerted Action Distributional Financial Accounts Of The United StatesV. Ramanan