Language is meant to bring meaning to discourse. That means we want to use terms that convey information that is of use to us in making our way in the world. The problem is that economists have perverted that process and introduced a metaphorical language that is intended to persuade the reader/listener to accept a particular view of the world but which undermines their ability to actually understand the phenomenon in question. Marx knew long ago how language could be constructed to advance...

real-world economics review Please click here to support this journal and the WEA Issue no. 108July 2024 download whole issue The creationist foundations of Herman Daly’s steady state economyJohn Gowdy and Lisi Krall2 Data: a critical perspectiveCarlos Guerrero de Lizardi16 Enlightenment Epistemology and the Climate CrisisAsad Zaman29 Fabulous MacroeconomicsGerald Holtham33 A Tour of the Jevons Paradox. How Energy Efficiency BackfiresBlair...

Debt and Delusion: A Dangerous Cycle.

Dementia is becoming a growing societal burden throughout the world, especially in the industrialized world where increase longevity results in larger numbers of people experiencing dementia. So far, advances in medical treatments to mitigate this burden have been modest, at best.There are known genetic risk factors for Alzheimers and frontotemporal lobe dementia. I’ve had my genome sequenced and I have none of the currently recognized variants...

I have another working paper, Visualizing variations in the analysis of the choice of technique, at the Centro Sraffa. The abstract follows. Abstract: This article describes a diagram that depicts how the analysis of the choice technique varies with perturbations of selected parameters in models of the production of commodities. Fluke switch points partition the graph. Three examples are provided, of circulating capital with markup pricing, of fixed capital with structural economic...

[unable to retrieve full-text content]Danny Haiphong, ISRAEL JUST CROSSED HEZBOLLAH AND IRAN’S RED LINE: WWIII LOOMS | MICHAEL HUDSON & JILL STEIN, July 31, 2024. Economist Michael Hudson (follow at https://michael-hudson.com/) and Green Party Presidential Candidate Dr. Jill Stein (https://www.jillstein2024.com/) join the program for a special livestream on the US elections and geopolitics! This stream will dive into the Continue Reading The post US Complicit: Israel, Aid and...

by Joyce Vance Civil Discourse  By now you’ve probably seen clips from the interview Donald Trump gave on stage at the National Association of Black Journalists conference in Chicago today. It was appalling. The only thing worse than the overt racism that came out of his mouth was his apparent belief that he could get away with it. The amazing Aaron Rupar put together an 11-minute cut of the interview that you might want to watch if you...

by Prof. Heather Cox-Richardson Letters from an American Yesterday, from a Harris campaign event in Atlanta, Georgia, Atlanta reporter Tariro Mzezewa noted that the crowd of 10,000 people “was ecstatic. There was chanting, cheering, singing, and dancing for hours in the lead-up to and throughout the event,” Mzezewa wrote today in Slate.  Mzezewa reported that rapper Megan Thee Stallion told the audience “I know my ladies in the crowd love...

Two interesting commentaries up next. One by Prof. Heather Cox-Richardson (Letters from an American) and the other from Joyce Vance (Civil Discourse). I read them both after I read the commentaries from our own writers. The topic by both should not be surprising. Both are discussing Trumps breakdown when asked questions about his beliefs on race. Yes, I stopped just short of calling Trump a racist. What was once spoken in privacy, Trump has...

Washington CNN  Someone is hopeful a small decrease in the Fed Rate will impact the economy (housing, etc.) greatly. While it is a positive move over the next 6 or so months (just kidding), I can not see shall a huge decline in rates forthcoming after a decrease. We still have a ways to go. The Federal Reserve gave an important clue Wednesday that it will likely cut its Benchmark Lending Rate in the coming months. The move would pave the way...