Tag Archives: economic myths

Paul Samuelson quote you may wish to keep on file if you don't already have it.Lars P. Syll’s BlogBalanced budget religionLars P. Syll | Professor, Malmo University

Guy Standing’s The Corruption of Capitalism (Biteback Publishing 2017) is a powerful attack on rentier capitalism and, very explicitly, a call to revolt. It is very informative and the detailed factual descriptions that Standing puts before his readers are intended to make them angry. He succeeded with me and probably will with most readers. Standing is at his best describing the features of crony capitalism that are totally different from the neo-liberal story of free markets that...

Just about any one of them is fatal.Fresh Economic Thinking Decent criticisms of economics? Here are 111 of them. Cameron K. Murray

It’s an all-too common refrain among US corporations: we have jobs available, but simply can’t find qualified workers to fill them. Economists, including top Federal Reserve officials, lend credibility to this dubious claim by arguing there is a "skills gap" among US workers that is preventing firms from finding employees with the right backgrounds. However, ample research and basic common sense suggests that wage stagnation, which has dominated the US job landscape in recent decades, is...