Mike Norman Economics

Commodification is of the essence of capital. It can be a force for good, as proponents of the price mechanism as the solution to all problems claim, or not, as Marx & Engels objected based on alienation. Chris Dillow comments.Stumbling and MumblingON COMMODIFICATIONChris Dillow | Investors Chronicle

I came across the CPES digital archive today. It has scans of papers which aren’t available elsewhere. There’s an interesting article Causes Of Growth And Recession In World Trade, there by Francis Cripps, in which he describes the Cambridge Keynesian idea of achieving balanced trade, because nations face a balance-of-payments constraint: The Case for Concerted ActionThe Cambridge Political Economy Society Digital ArchiveV. Ramanan

Our weekly documentary film curated by the editorial team at 21WIRE. Did the CIA interfere in 1970s Australian politics? Former US intelligence operative and convicted spy, Christopher Boyce, tells his story to Australia’s Dateline program. Boyce’s intervention was made famous by Hollywood’s theatrical release of The Falcon and the Snowman. Boyce reveals covert US ‘regime change’ operations in Australia which would eventually removed the Labour Prime Minister from power, as Washington...

by Nathan Tankus, Rohan Grey, Scott Ferguson, and Raúl Carrillo Neither a Job Guarantee nor a Green New Deal will be won without brave, strong social movements. When it comes to building these movements, we joyfully follow the leadership of more capable community organizers and politicians. But to pass and administer the policies we all desire deeply, we think the left must embrace MMT. In doing so, we’ll finally bury “sound finance” (including ‘socialist’ sound finance) and, with it, the...

"The top one percent owns nearly $30 trillion of assets while the bottom half owns less than nothing." Common Dreams Jake Johnson - Eye-Popping': Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While Bottom Half Lost $900 Billionrue

Here's another one for you. Three days after 9/11, the Frankfurter Allgemeine Zeitung reported that in June 2001, German intelligence warned the CIA that Middle East terrorists were “planning to hijack commercial aircraft to use as weapons to attack important symbols of American and Israeli culture.” In August 2001, President Putin ordered Russian intel to tell the US government “in the strongest possible terms” of imminent attacks on airports and government buildings, MSNBC revealed in an...

Liberals and lefties don't like conspiracy theories all that much because we like to see the evidence, but that doesn't mean to say that we don't question, wonder, or discuss these things, although without the facts we can never be sure. I trust Pepe Escobar, though, so I I'm putting this out for discussion. If true, the CIA and its backers in Washington are one hell of a criminal outfit. The Persian Gulf harbors an array of extremely compromising secrets. Near the top is the Afghan heroin...

Popular ResistanceHong Kong: Hoodlums Are Not Heroes And Hooliganism Is Not A Movement For Democracy Kevin ZeeseZero HedgeUndercover Cops Badly Beaten As Hong Kong Protesters Rampage Over 'Anti-Mask' LawTyler Durden Reminiscence of the Future I Am Not Surprised At All. Andrei Martyanov Oilprice.comRussia’s Largest Oil Company [Rosneft] Ditches Dollar In New Oil Deals Tsvetana Paraskova CounterpunchCapitalism’s Triumph: Labor Rights Violated in Every Country on Earth Pete Dolack...

Introduction: Whither MMT? 2The editors Alternative paths to modern money theory 5 L. Randall Wray Initiating a parallel electronic currency in a eurocrisis country – why it would work 23 Trond Andresen An MMT perspective on macroeconomic policy space 32 Phil Armstrong Monetary sovereignty is a spectrum: modern monetary theory and developing countries 46 Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell Are modern monetary theory’s lies “plausible lies”? 62 David Colander...

More disruption in the near-term.