Mike Norman Economics

Here, Murray reports the exact moment when the mask of Empire fell, not with a bang, but a whimper: “The gloves were off on Tuesday as the US Government explicitly argued that all journalists are liable to prosecution under the Espionage Act (1917) for publishing classified information.” (italics mine). “All journalists” means every legitimate journalist, from every nationality, operating in any jurisdiction.... The Vineyard of the SakerJulian Assange trial: the mask of Empire has fallen...

China and Russia have started the realization of a joint space program aiming to set up a network of low-orbit satellites for the purpose of making high-speed Internet available to as many users as possible, Maksim Akimov, Deputy Prime Minister of Russia, said in a statement.… Akimov also stated that the cooperation between Russia and China in the matter of space projects will also be broadened and that it would include cooperation on navigation systems in the near future. He added that...

What my colleagues and I do is Cliodynamics, which is very different from typical cyclical views of history. “Cyclical history” suffers from two problems. First, mechanisms producing cycles are either entirely missing, or inadequately specified. There is almost never an explicit mathematical model that would clarify these mechanisms. Second, cyclical theories in history are not subjected to empirical tests with independently gathered data. It’s all retrospective eyeballing together with...

It should be stated from the outset that Kelton (like Keynes) is not a socialist, but a liberal. There is not one mention of socialism throughout the entirety of The Deficit Myth. Similarly, at no point does the author suggest that capitalism should be replaced or overthrown. Indeed, the title of Kelton’s book gives the game away. Her aim is to argue against austerity, not to fight for socialism. Her target audience is not a radical one, but a liberal one. Like Keynes, she is looking to...

In this post, I continue the draft of sections of my forthcoming book, “Marxian Economics: An Introduction.” This, like the previous two posts, is for chapter 1, Marxian Economics Today. This post is on the history of economics.Occasional Links & CommentaryBeyond the mainstream David F. Ruccio | Professor of Economics, University of Notre Dame.

In August this year, India’s Defence Minister Rajnath Singh announced an embargo on the import of 101 types of defence equipment worth $47 billion to boost domestic industry. The Defence Ministry revealed that a budget of $7 billion has been set aside for domestic capital procurement in the current financial year.The Indian government, which increased the Foreign Direct Investment (FDI) cap in defence sector investments to 74 percent under the automatic route this past May, said that such...

As I said, tax flows were foretelling of a weaker economy. Stocks going down. MMT. 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

As I said, tax flows were foretelling of a weaker economy. Stocks going down. MMT. 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

Summary of the view of Jon Kofas, retired professor of history, specializing in international political economy at Department of Sociology, History, and Political Science, Indiana University Kokomo. Sputnik International (DJT apparently wants to get the US military out of the region and arm the Sunni countries against Shi'ite Iran by selling US weapons. What could go wrong?)Washington Uses Abraham Accords to Maintain Dominance, Isolate Iran & Contain China, US Prof Saysalso NEOHow...

Book Review by Carlos García Hernández on the occasion of the publication of the Spanish version of the book by his publishing house Lola Books. Brave New Europe The Case for a Job Guarantee by Pavlina R. Tcherneva Carlos García Hernández