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from Dean Baker We are still getting through a worldwide pandemic that has taken tens of millions of lives. While we did develop effective vaccines, they were not produced and distributed quickly enough to prevent enormous loss of life. This is a tragedy that should force us to ask how we could have done better. On the other side, some people did manage to get enormously rich from the pandemic. Specifically, those who had patent monopolies on the mRNA vaccines did very well, as the stock...

from Jayati Ghosh Feminist economists have long argued that the purpose of an economy is to support the survival and flourishing of life, in all its forms. This may seem obvious but it turns on its head the prevailing view, which implicitly assumes the opposite causation: the economy runs according to its own laws, which must be respected by mere human actors. In this market-fundamentalist perspective, it is a potential angry god which can deliver prosperity or devastation and must be...

Letters from an American re-postedNovember 16, 2021Heather Cox Richardson Nov 17Today, President Joe Biden hit the road to sell the benefits of the $1.2 trillion bipartisan infrastructure bill he signed into law yesterday. In Woodstock, New Hampshire, today, standing at a bridge deemed structurally unsafe—one of the 215 unsafe bridges in New Hampshire—Biden said “Clean water, access to the internet, rebuilding bridges—everything in this bill matters...

I’ve sent the MS of “The Economic Consequences of the Pandemic” off to Yale UP. Will consider bids for movie rights now. Share this:Like this:Like Loading...

Josh Marshall has a good post about Covid 19 boosters. His site www.talkingpointsmemo.com is the other site for which I pay actual money. Unfortunately, I see the good post is for subscribers (like me) only, so I will just have to show my respect by free using the hell out of it. Josh wants a Covid 19 booster shot and he doesn’t think that the experts who won’t let him have one are basing their decision on actual expertise as opposed to shared...

from Lars Syll The incorporation of new information makes sense only if the future is to be similar to the past. Any kind of empirical test, whatever form it adopts, will not make sense, however, if the world is uncertain because in such a world induction does not work. Past experience is not a useful guide to guess the future in these conditions (it only serves when the future, somehow, is already implicit in the present) … I believe the only way to use past experience is to assume that...

Glasgow Calling Share this:Like this:Like Loading...

… But it’s a destination without a route. That’s the headline for my latest in The Conversation. Share this:Like this:Like Loading...