Heterodox
Well, Trump’s boast turned to dust in 2019. US GDP grew by 2.3% in 2019, well below President Trump’s promise of 3%+ growth. The most recent GDP number proved that the tax cuts championed by Trump had no sustained impact on US growth. Indeed , even the most optimistic forecasts see growth to stay well below 3% for the next few years. Of course, that won’t stop Trump in his State of the Union speech today in Congress proclaiming a huge rise in the living standards of working people under...
Read More »‘Economic Crisis and the crisis of Economics: Political Economy as a realistic and credible alternative’ – video lecture by S.Mavroudeas
I have been invited by the ISEPA’19 conference (organised by the Dicle University) to speak atheir conference. Since I could not make it due to other obligations I was asked for a video lecture. Its subject is ‘Economic Crisis and the crisis of Economics: Political Economy as a realistic and credible alternative’ Nikos Zappas did an excellent job in recording and editing the video. The link for watching the video is below: [embedded content] The abstract of the lecture is the...
Read More »Michael Roberts — The Fed, trade wars and recession
Some numbers.Michael Roberts BlogThe Fed, trade wars and recessionMichael Roberts
Read More »Shimshon Bichler and Jonathan Nitzan — Profit warning: there will be blood
As we show in our recent research note ‘Blood and Oil in the Orient, Redux (2017)’, the Weapondollar-Petrodollar Coalition might no longer be in the Middle East driver’s seat. However, with the oil and armament companies, the region’s oil-exporting autocracies and various non-state groups all keen on seeing their oil incomes rise from record lows, the prospects of a new energy conflict, whether premeditated or coincidental, seem extremely high. More evidence suggestive that economics drives...
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