This week we have Douglas Dowell back for a second time to talk about the housing crisis seen across most developed nations. Good Links: https://www.patreon.com/c/ProfSteveKeen/home https://www.patreon.com/c/relearningeconomics https://businessfilmbooth.com/ https://www.planksip.org/ https://efequitygrp.com/

This was my presentation at the Political Economy Research Institute (PERI) last summer. I was supposed to revise it, but never found the time. So it is now available on Substack. Fundamentally says that the current situation is very different than the debt crisis of the 1980s, and the period between the Tequila, in 94/95 and the Argentine Convertibility default in 2001/02.

Above, from On Biblical Subjects, by Robert Dodsley, a lift the flap illustrated manuscript circa 1720 (sold for £20,000 in 2021). Robert Dodsley's son - also named Robert Dodsley - published a volume of "Old English Plays" in 1744. In 1816, Charles Wentworth Dilke published volume two of his Old Plays, being a continuation of Dodsley's collection. Rodwell and Martin on Bond Street was the publisher. They also published Dilke's The Source and Remedy of the National Difficulties, deduced from...

I confess: I was disappointed when the Justin Trudeau Liberals won the fall 2015 election.  I was hoping for an orange break-through. So, it comes with some irony that I find myself defending the economic policy legacy of the Justin Trudeau Liberal government nine years hence. The acute drama that unfolded in December with the Finance Minister’s resignation ahead of a Skip-the-Dishes delivery of the 2024 Fall Economic Statement has been commanded by daily obituary writing by...

If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is...

Is "Greedflation" just a buzzword, or is it a symptom of a deeper economic problem? Join us in this insightful livestream as we explore the controversial topic of greedflation — the phenomenon where companies allegedly raise prices beyond their costs to boost profits. Resource Links: https://www.patreon.com/c/ProfSteveKeen/home https://www.patreon.com/c/relearningeconomics https://businessfilmbooth.com/ https://www.planksip.org/

[unable to retrieve full-text content]The current global economic and political landscape is increasingly unstable, driven by U.S. policies aimed at maintaining dominance through chaos. Key issues include energy crises, such as Europe's dependence on Russian gas, and rising geopolitical tensions involving BRICS nations and NATO. The U.S. sanctions strategy strains global energy markets and destabilizes debtor nations, while nationalist movements gain traction in Europe. With challenges like...

[embedded content]PS: A comment about it appeared in a recent Guardian editorial. There is too much optimism about Milei 'success' in containing inflation, but also a lot of misunderstanding why he managed, and whether it is sustainable.

from Lars Syll One way that inequality precipitates debt bubbles begins with “relative deprivation.” This concept concerns the discontent people feel when they compare their socio-economic status, measured by income, wealth, consumption, or other indicators of perceived economic welfare, with that of their richer counterparts. Economists have suggested several ways that this discontent may translate into indebtedness. One theory holds that people of a given income level may try to...

Figure 1: Wages Curves for Example of Intensive Rent1.0 Introduction This post modifies an example from Antonio D'Agata. Two types of land exist, each specialized for producing a specific commodity. In the example, some wage curves slope upwards, which is not possible in a model with circulating capital alone. The cost-minimizing technique is not found from the outer frontier of the wage curves. For one range of the rate of profits, no cost-minizing technique exists, even though a...