Mike Norman Economics

Numbers. MR OnlineWhy America’s economic war on China is failingV J. Prashad and John Ross

First in a series on DSGE Macro. Cutting through the fog.Bond Economics "Reading The Stars": Best Introduction To DSGE Macro?Brian Romanchuk

Analysts are remarking on the “spikiness” of many high-frequency economic indicators in the present downturn. The path to recovery has not been smooth, partly because the main source of this downturn does not lie within the economic cycle per se, but rather within the restrictions governments implemented to stop the spread of the virus. A delayed ebb and flow of economic activity can be expected where the virus resurges and countermeasures are reimposed. Executive respondents to McKinsey’s...

Backgrounder on China. Fairly short and to the point.Bill Totten's WeblogWhat advantages does China have over the USA?Daye YoungSee also Bill Totten's Weblog ̌Book review.When China Rules the World (2009) by Martin JacquesJohn GraySee alsoProject SyndicateEurope’s “Green China” ChallengeDaniel Gros

In this post, I continue the draft of sections of my forthcoming book, “Marxian Economics: An Introduction.” The first five posts (here, here, here, here, and here) will serve as the basis for chapter 1, Marxian Economics Today. The text of this post is for Chapter 2, Marxian Economics Versus Mainstream Economics (a short addendum to a previous post on Economic Theories and Systems).Occasional Links & CommentaryPerformative economicsDavid F. Ruccio | Professor Emeritus of Economics,...

Neo-feudalism on the rise in "liberal" countries.Stumbling and MumblingOn feudal exploitationChris Dillow | Investors Chronicle

From October 12, 2020, every Monday employers must submit to the Moscow Mayor’s Office a report on remote employees and those who are going to work in the usual mode. Information is sent through the personal account of the legal entity or IE on the website mos.ru.Interesting that government is mandating this, due to the pandemic, but it is a n-brainer for other reasons. Who needs commuting anyway. Wasted time and also wasted energy increasing pollution.Digital is likely here to stay once...

On September 27, 2020, I recorded a live conversation via Zoom with Dr Phil Armstrong, which was organised by the – GIMMS Team.Bill Mitchell – billy blogA conversation about MMTBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

The "headline traders" must be getting chopped to ribbons. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

This is Part 7 of my on-going examination of the concept of ‘duty to work’ and how it was associated with the related idea of a ‘right to work’. Today, I go back in history (again) to discuss a literature that influenced the evolution of my own early advocacy of a Job Guarantee. We see how I considered developments in the early C19th which established very clearly the responsibility of the government to act as an ’employer of last resort’ could be integrated with the buffer stock literature...