A recent interview with Craig Mokhiber, an American former Director of the Office of the UN High Commissioner for Human Rights, provides by far the most compelling explanation of the Jeffrey Epstein saga I have heard. According to the interview, Epstein was an Israeli asset who helped significantly twist regional Middle East relations and the […]
Read More »Argentina’s labor reform: back to the past
The research note below is by my friend, Argentine economist Rubén Lo Vuolo. There are two features I especially value about it: (1) It shows it is a myth that the era of Neoliberalism is over and retreating. (2) Lo Vuolo’s “language” is analytically accurate and powerful, and it is strikingly different from that of […]
Read More »Happy holidays and all the best in 2026 (…..and f**k Trump, Starmer, Netanyahu, and Milei…. and that’s the ultra-short list)
The environmental crisis is driven by class interest
Below is a link to an article by Argentine political economist Rubén Lo Vuolo on the environmental crisis in Argentina. He forcefully links the crisis with class interest. In my view, that is how it must be situated and analyzed, and that is the only way we will succeed in reining it in. Unfortunately, that […]
Read More »Post Keynesian economics today: would Antonio Gramsci be cancelled?
This summer I have been reading selections from Antonio Gramsci’s Prison Notebooks. The Gramscian construct of cultural hegemony is brilliantly insightful and something every political economist should be aware of. The notebook entries are also very akin to blogs in construction and length. Given my recent suspension by the Post Keynesian Economics Society (PKES) for […]
Read More »The Kuznets curve versus cycles: rethinking the determination and long-run evolution of income distribution
This paper presents a theory and model of long-run cycles in income inequality. The model explains the historical pattern of income distribution identified by Kuznets (1955) and Piketty (2014). It breaks with conventional marginal product theory which claims functional income distribution is determined by the technological conditions of production. Instead, it emphasizes the role of […]
Read More »The Case Against European Union Rearmament Spending: statement to the Irish Parliament re EU Proposals COM(2025)122 and COM(2025)123
This statement is submitted in connection with the Joint Committee’s deliberations on the European Union’s (EU) legislative proposals COM(2025)122 and COM(2025)123. Those two measures aim to increase EU member state military expenditures and weapons production. They raise multiple serious concerns regarding the merits thereof, including gravely exacerbating the existing Ukraine conflict and making a peace settlement […]
Read More »For the record: a final word on being cancelled Post Keynesian style
(1) The Post-Keynesian Economics Society (PKES) committee has posted a second more detailed public statement seeking to justify my suspension. In my view, their new statement further obscures the issue and is even more misleading. The only thing that matters is did the article (“The Ukraine war and Europe’s deepening march of folly”) which triggered […]
Read More »A Niemöller moment: more on being cancelled Post Keynesian style
Last week I e-mailed a note titled “Goodbye pluralism: cancelled Post Keynesian style” which detailed my suspension by the Post Keynesian Economics Society (PKES). That suspension unjustly sanctioned me for an earlier e-mail announcement of my article “The Ukraine war and Europe’s deepening march of folly”. The PKES has now responded, claiming I violated its […]
Read More »The Ukraine war and Europe’s deepening march of folly
In her book The March of Folly: From Troy to Vietnam, the historian Barbara Tuchman explores the perplexing question of why countries sometimes pursue policies that are fundamentally contrary to their own interests. That question has acquired renewed relevance as Europe has now enlisted in a deepening march of folly over Ukraine. Failure to reject […]
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Heterodox
