Mike Norman Economics

R & R are at it again.Clint BallingerAusterity in a Time of Plenty: : The “domestic default” bogeyman = More bad statistics from Reinhart & Rogoff

After more than four decades of dominance, free market capitalism is facing a challenge. Its rival, the blandly named modern monetary theory (MMT), has entered the ring promising to return economic planning to a less ideological footing.... Pretty good summary presentation of the kerfuffle between MMT and conventional economics. ABC News (AU)Modern monetary theory is gaining traction. But can it knock out free market capitalism?Antony Funnell for Future Tense

Maureen Donnelly said she was forced to hand in her resignation to her Amazon bosses in October last year after just one month of employment. 'I soon learned that only difference between an Amazon warehouse and a third-world sweatshop were the robots...they were treated better' she told the Post. On Monday, more than 100 protestors rallied in front of the building where she briefly worked, demonstrating against harsh working conditions.  When Donnelly first secured her job at...

By Anthony Funnell After more than four decades of dominance, free-market capitalism is facing a challenge. Its rival, the rather blandly named Modern Monetary Theory, promises to return economic planning to a less ideological footing. It’s also keen to strike a blow against the “surplus fetish” that many economists now blame for declining public services and growing inequality. Modern Monetary Theory and its challenge to Neoliberalism

Political theorist Wendy Brown’s latest book, In the Ruins of Neoliberalism: The Rise of Antidemocratic Politics in the West, traces the intellectual roots of neoliberalism and reveals how an anti-democratic project unleashed monsters – from plutocrats to neo-fascists – that its mid-20thcentury visionaries failed to anticipate. She joins the Institute for New Economic Thinking to discuss how the flawed blueprint for markets and the less-discussed focus on morality gave rise to threats to...

[embedded content]

“The backers of Johnson’s leadership campaign were dominated by Hedge funds. To what extent is he swayed by their interests?” [embedded content]

In November, Chinese researchers announced that the Experimental Advanced Superconducting Tokamak (EAST) reactor — an “artificial sun” designed to mimic the nuclear fusion process the real Sun uses to generate energy — had hit a milestone by achieving an electron temperature of 100 million degrees Celsius. Now, officials are saying they believe they’ll wrap up construction on a new artificial sun this year, and they claim this device will be able to hit a milestone in ion temperature —...

If Labour get into power.... ?THE POUND WILL CRASH! ?THE BANKERS WILL FLEE! But is this true? Michael Walker went to the City of London to see if bankers are really scared of Corbyn. [embedded content]

Moon of AlabamaOPCW Manipulation Of Its Douma Report Requires A Fresh Look At The Skripal 'Novichok' Case Green Party US Green New Deal Global InequalityPolitical Decay in Our Time. A review of Fukuyama’s vol. 2.Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research...