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from Norbert Häring With its Great Reset, the World Economic Forum, the lobby of the world’s largest corporations, supposedly wants to save the world from climate collapse. With a contribution on protecting the climate through Bitcoin, the powerful organisation proves- once again – that distrust is called for when it comes to corporate commitments to social goals. Greenwashing is the order of the day. Scandalously, the World Economic Forum is recognised as an international organisation,...

from Dean Baker I was very disappointed with Ezra Klein’s NYT interview with Bhaskar Sunkara, in large part because I have a high opinion of Sunkara, the founder of Jacobin and now the president of The Nation. My main disappointment stems from his non-answer to one of the main questions raised by Klein. Klein asked why the Democrats, and other liberal/left parties around the world, rely largely on more educated people for their support, while more working-class types have turned to the...

from Lars Syll In 1817 David Ricardo presented — in Principles — a theory that was meant to explain why countries trade and, based on the concept of opportunity cost, how the pattern of export and import is ruled by countries exporting goods in which they have a comparative advantage and importing goods in which they have a comparative disadvantage. Ricardo’s theory of comparative advantage, however, didn’t explain why the comparative advantage was the way it was. At the beginning of the...

After a post-Covid recovery spike, we have settled back to pre-Covid levels, which was well before the rate hikes: Applications have softened. This is the first up-week since the rate hikes: In many ways, we have yet to recover from the oil capex collapse of about 7 years ago:

Ψήφισμα της Επιστημονικής Εταιρείας Πολιτικής Οικονομίας (ΕΕΠΟ) για το νομοσχέδιο Κεραμέως για τα ΑΕΙ 21/6/2022 Η γεν. συνέλευση της ΕΕΠΟ συζήτησε το νομοσχέδιο Κεραμέως για τα ΑΕΙ και ομόφωνα εξουσιοδότησε το ΔΣ για την έκδοση του ακόλουθου ψηφίσματος. Η ΕΕΠΟ θεωρεί ότι το νομοσχέδιο Κεραμέως για τα ΑΕΙ πλήττει ανεπανόρθωτα την δομή και την λειτουργία των ελληνικών ΑΕΙ. Αποσκοπεί στην δημιουργία ενός επιχειρηματικού πανεπιστημίου που θα υπηρετεί τα συμφέροντα των...

Πληθωρισμός κερδών και κυβερνητικών απατών[embedded content]

The usual trade-off between maximising revenue while protecting industry’s long-term future no longer applies That’s the headline and standfirst for my latest piece in The Guardian, looking at revenue options for the coming Queensland Budget. It’s over the fold After dealing with multiple natural disasters, and facing the need for huge investment in an overloaded electricity system, it’s not surprising the Queensland government is in search of extra revenue ahead of next week’s...

Στην εφημερίδα ΠΡΙΝ (18-19/6/2022) δημοσιεύθηκε ανάλυση του Στ. Μαυρουδέα με θέμα την τρέχουσα οικονομική κατάσταση της χώρας και τίτλο «ΠΛΗΘΩΡΙΣΜΟΣ ΚΕΡΔΩΝ – ΚΥΒΕΡΝΗΤΙΚΩΝ ΑΠΑΤΩΝ«. Ακολουθεί το πλήρες κείμενο του άρθρου μαζί με τους σχετικούς πίνακες που δεν περιλαμβάνονται στην δημοσιογραφική εκδοχή. [embedded content] View this document on Scribd...

Manufacturing settling down to ‘neutral’ after peaking well before the rate hikes as post-Covid shortages are alleviated: Labor demand also peaked well before the rate hikes: Still no sign rate hikes have slowed lending ;) About Author by WARREN MOSLER