Mike Norman Economics

 Well, what Clinton said will never, ever happen is now looking more and more possible. A number of prominent Democrats are lining up behind it, Sanders' bill for single-payer. Last week, Senators Elizabeth Warren and Kamala Harris jumped on board. Now, Senators Cory Booker of New Jersey, Jeff Merkley of Oregon, and Kirsten Gillibrand of New York are signing on as well. Bernie Sanders is set to unveil his Medicare for All Bill on Wednesday. Adam Gaffney is an Instructor in Medicine at...

All these studies have one thing in common: they demonstrate that reflection on power relationships and property, which for a moment was thought to have been annihilated after the Soviet disaster, in reality is only beginning. Europe and France must take their rightful place. The magic work — "power." Le blog de Thomas Piketty — EnglishRe-thinking the capital code Thomas Piketty | Professor at EHESS and at the Paris School of Economics

Economic considerations versus social considerations. Is a society for its economy, or is the economy for the society for which it is the material life-support system? There is more to liberalism than just economic liberalism. The free market fundamentalists that have been singing the praises of price gouging in crises as "the medicine of the market" have either forgotten this, or conveniently overlooked it. EconoSpeakPrice GougingPeter Dorman | Professor of Political Economy, The...

Key point here is that any direct comparison between 1999 and 2016 in terms of median incomes is problematic at best. It is problematic in technical terms (methodological changes and CPI deflator changes), and it is problematic in incidence terms (composition of work earnings, risks, incidences of costs and taxes). My advice: don’t ever do it without thinking about all important caveats. Materially, U.S. households' disposable risk-adjusted incomes are lower today than they were in 1999....

Money is not the solution to all problems, and neither is either materials or technology, at least geopollitically.true economicsAsymmetric Conflicts and U.S. 'Learning Curve'Constantin Gurdgiev | chairman of the Ireland-Russia Business Association, contributor and former editor of Business & Finance Magazine, and lecturer in Finance with Trinity College, Dublin

Ramanan comments on CORE Econ.The Case for Concerted ActionA New Way To Learn Economics?V. Ramanan

The topic we are focusing on is monologism, the practice of presenting one’s voice as pure and singular, unquestionably true, and, in the case of groups, unified. Monologism is a common feature of religious and political projects The categorical versus the dialectical approach. OUPblogInfrequently asked questions: The Monologic Imagination Julian Millie and Matt Tomlinson

Books. JSTOR Daily  America’s Unlikely Cold War WeaponErin Blakemore

In The role of literary fiction in perpetuating neo-liberal economic myths – Part 1, I noted introduced the idea that fictional literature plays a significant role in framing false economic concepts and, thus, can promotes neo-liberal biases among the readership, even when the plot of the narrative is ostensibly about something other than economics. In other words, what parades as fiction becomes a powerful tool for spreading ideological propaganda, often in a very subliminal or subtle way....

A lot of pseudo-problems arise from confusion about use of terms, especially when key terms are ambiguous. For example, "capital" can be either financial or non-finanacial ("real" or actual).  "Investment" has two different meanings. Financial "investment" is portfolio wealth held as financial instruments a form of savings in contrast to real goods like real estate, physical precious metals, and collectibles like art. "Savings" denotes a stock, and "saving" denotes a flow....