Tag Archives: Neoliberalism

[embedded content]Bob Murphy On InfinityBranko Milanovic on The unexpected immortality of Karl Marx. Jesse Walker, in Reason, on It's the end of the neoliberal era, and we still don't know what neoliberalism is.

Classical political economics was in part a discourse for the rising bourgeoisie, and as such most of its members – that accepted some version of the labor theory of value and that distribution was conflictive – were for laissez-faire policies. That was certainly the case of the Physiocrats, and of Adam Smith and David Ricardo, the two most accomplished of the British political economists.However, the classical analytical scheme did not assume full employment of labor or that the economic...

Friedman's adviseesZachary Carter, of Price of Peace fame (a good book that I recommend, btw), wrote an interesting piece on Milton Friedman's legacy, which I think is, as Hyman Minsky said of Joan Robinson's work, wrong in incisive ways. But even before we get to his main point, that the era of Friedmanomics is gone, it is worth thinking a bit about the way he approaches the history of ideas. This is clearly a moral tale for Carter, with good guys and bad guys. Gunfight at high noon. It is...

Registrazione audio-video del Seminario "Dopo le crisi. Un dialogo interdisciplinare sul futuro dell'Europa", 21-22 gennaio 2021 onlineRelazioni di Sergio Cesaratto, Omar Chessa, Carlo Clericetti, Guido Comparato, Marco Dani, Andrea Guazzarotti, Federico Losurdo, Luigi Testa, Luigi Melica, Edmondo Mostacci, Francesco Saitto, Fiammetta Salmoni, Alessandro Somma, Antonella Stirati. 

[embedded content]The Banach-Tarski ParadoxThe Hahn-Banach theorem is related to how mainstream economics model perfect competition. The video above is mind-bending math. The Mountain Goat blog. A profile of some economists at Berkeley, some of who I have read when they collaborated with Thomas Piketty or A. Dube. I have read deLong, as well, of course. If you cannot name 'capitalism', 'neoliberalism', or 'neoclassical economics', it is difficult to criticize them. Here is a popular...

[embedded content]Video of the lecture by Michael Lazzara and Esteban Pérez Caldentey, part of the seminar on Memories of Neoliberalism at Bucknell University.

[embedded content] My talk with Luis Nassif (in Portuguese) about neoliberalism in Latin America. We didn't really get to discuss the current cases of Argentina, Bolivia, and Chile, but talked about it more generally.

The 2020 "Nobel Prize" in economics goes to Paul Milgrom and Robert Wilson. I suppose it is nice that economists acknowledge that markets are not natural entities but need to be constructed. For example, consider the Federal Communications Commission auction of the microwave spectrum. The 2012 "Nobel Prize" went to Alvin Roth and Lloyd Shapley. The 1996 "Nobel Prize", to William Vickrey (a Post Keynesian, by the way) was also for acution theory. The 2002 prize went to Daniel Kahneman and...

A podcast interview with Philip Mirowski about how, roughly, neoliberals are exploiting the Corona Virus crisis in America. A book, Nine Lives of Neoliberalism, edited by Dieter Plehwe, Quinn Slobodian, and Philip Mirowski. Somewhere this is or was freely downloadable in PDF. A podcast interview with Marshall Steinbaum about the Chicago school of economics. A podcast episode, by two economics professor, trying to present an overview of Joan Robinson. A downloadable book, Labour and Value:...

It is Wednesday and just a collection of snippets today. I am trying to finish a major piece of work and so that is what I am mostly doing today. And learning to program Geojson formats in R, so I can overcome the decision by Google to abandon their fusion table facility, which my research centre has relied on for some years to display map layers. And I have some press interviews to deal with. But today we consider the claim by the Financial Times editorial the other day that “Radical...